Salon-Configured
New
For Sale
$275,000
4 Lake St., Greenbrier, AR 72058
Existing salon improvements include support rooms, laundry facilities, and equipment that may remain with the property.
Property Size1,616 SF
Price / SF$170.17
Days on Market4
Property Features for 4 Lake St.
General Information
Standard status
Active
Size
1,616 SF
Property subtype
Commercial / Industrial
Additional Details
Highway Access
Yes
Amenities
break room
laundry room
Listing Agency:
Coldwell Banker Heritage Homes
(501) 825-7500
Listed By:
Missy Jenkins
(870) 514-8203
Source:
Arprorealty
Added: Sep 11
Last Checked: Sep 13 at 12:28PM
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 Coldwell Banker Heritage Homes
Investment Insights
Based on property information with market context.
This storefront property is arranged for salon use and includes one and a half baths, a break room with a refrigerator and microwave, and a separate laundry room with a washer, dryer, and sink. The building is served by all-electric systems. Remaining salon equipment may stay in place at the seller’s discretion; mirrors are excluded.
The property is located at 4 Lake St. in Greenbrier, near the intersection of Hwy 65 and Lake St. Its position near Hwy 65 places the storefront in view of passing highway traffic. On-site parking is also provided.
The property is located at 4 Lake St. in Greenbrier, near the intersection of Hwy 65 and Lake St. Its position near Hwy 65 places the storefront in view of passing highway traffic. On-site parking is also provided.
Key Highlights
- Configured for salon use with remaining equipment potentially included
- One and a half baths
- Break room with refrigerator and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,933
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,660
$318.7K
Cap Rate 7%
$227,614
$227.6K
Cap Rate 9%
$177,033
$177.0K
Market Conditions
NOI Build-Up for 1,616 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.2K $15.00/SF
− Vacancy
−$1.5K −$0.92/SF
EGI
$22.8K $14.09/SF
− OpEx
−$6.8K −$4.23/SF
NOI
$15.9K $9.86/SF
Area
Faulkner County, AR
Vacancy
6.10%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$318,660
Cap Rate 7%
$227,614
Cap Rate 9%
$177,033
Alternative Uses
Best Use
Retail
$227.6K
$199.2K – $265.6K
NOI $15,933 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.6K
$322.5K – $430.0K
NOI $25,801 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
35k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 29%
Electronics 3%
SONIC Drive In
Dining
17,871 visits/mo
0.2 miles
Dollar General
Shops & Services
9,635 visits/mo
0.4 miles
SUBWAY
Dining
3,752 visits/mo
0.4 miles
Peachwave
Dining
1,947 visits/mo
0.1 miles
Verizon
Electronics
978 visits/mo
0.4 miles
Demographics for 72058, AR
18,525
Population
7,143
Households
2.6
Avg Household Size
37
Median Age
28%
College-Educated
96%
High-School Grad
157.3 sq mi
ZIP Area
118
Density / Sq Mi
$80,406
Median Household Income
$48,578
Median Earnings
$1,027
Median Rent
$203,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Storefront property - Existing salon improvements include support rooms, laundry facilities, and equipment that may remain with the property.
Where is this storefront property located?
The property is located at 4 Lake St. Greenbrier, AR.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Configured for salon use with remaining equipment potentially included; One and a half baths; Break room with refrigerator and microwave
