C2 Commercial Land with
For Sale
$1,000,000
3616 E Main St, Russellville, AR 72802
C2-zoned site includes an existing building with office, warehouse, or mixed-use flexibility.
Property Size4,168 SF
Price / SF$239.92
Days on Market193
Property Features for 3616 E Main St
General Information
Standard status
Active
Size
4,168 SF
Taxes and HOA fees
Annual Taxes
$2,561
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Ashton Smith · License #EB00069585
(479) 970-0754
Source:
Exprealty
Added: Apr 1
Changed: Sep 13
Last Checked: Oct 10 at 1:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This 12.5-acre commercial land property is zoned C2 and includes an existing building measuring more than 4,100 square feet. The structure provides space suitable for office, warehouse, or mixed-use applications, with the option to support occupancy or redevelopment based on the user’s requirements.
The property fronts Hwy 64 and includes two separate entrances directly from the highway. The access configuration supports convenient entry, potential division of the site, and multi-tenant layouts. Located at 3616 E Main St in Russellville, Arkansas, the property combines a substantial land component with an existing commercial structure and direct highway access.
The property fronts Hwy 64 and includes two separate entrances directly from the highway. The access configuration supports convenient entry, potential division of the site, and multi-tenant layouts. Located at 3616 E Main St in Russellville, Arkansas, the property combines a substantial land component with an existing commercial structure and direct highway access.
Key Highlights
- 12.5 acres of C2‑zoned commercial land
- Existing 4,100+ sqft building
- Two separate entrances directly from Hwy 64
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,451
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,020
$709.0K
Cap Rate 7%
$506,443
$506.4K
Cap Rate 9%
$393,900
$393.9K
Market Conditions
NOI Build-Up for 4,168 SF
Gross rent
$58.5K $14.04/SF
− Vacancy
−$4.0K −$0.95/SF
EGI
$54.5K $13.09/SF
− OpEx
−$19.1K −$4.58/SF
NOI
$35.5K $8.51/SF
Area
Pope County, AR
Vacancy
6.80%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,020
Cap Rate 7%
$506,443
Cap Rate 9%
$393,900
Alternative Uses
Best Use
Flex RnD
$506.4K
$443.1K – $590.9K
NOI $35,451 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$231.1K
$202.2K – $269.6K
NOI $16,175 @ 7.0% cap · market cap 1.62%
Theoretical Best
Office A
$665.9K
$582.7K – $776.9K
NOI $46,615 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Explore this area
Business Placement
Demographics for 72802, AR
22,752
Population
9,687
Households
2.3
Avg Household Size
39
Median Age
32%
College-Educated
90%
High-School Grad
137.7 sq mi
ZIP Area
165
Density / Sq Mi
$61,664
Median Household Income
$37,206
Median Earnings
$887
Median Rent
$196,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - C2-zoned site includes an existing building with office, warehouse, or mixed-use flexibility.
Where is this commercial land located?
The property is located at 3616 E Main St Russellville, AR.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 12.5 acres of C2‑zoned commercial land; Existing 4,100+ sqft building; Two separate entrances directly from Hwy 64
