Retail Storefront with Salon
For Sale
Under Contract
$275,000
4 Lake St., Greenbrier, AR 72058
COMMERCIAL - Greenbrier, AR
Property Size1,616 SF
Lot Size0.57 Acres
Price / SF$170.17
Days on Market235
Property Features for 4 Lake St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Commercial
Parking
10
Exterior features
Guttering
Lot features
Level, Cleared, In Subdivision, City Lot
Directions
Located at the corner of Hwy 65 and Lake St. behind Thomas Real Estate and Insurance. Lake St. runs between Thomas Real Estate and the Southern Hibachi food truck.
Subdivision
GREENBRIER SCHOOL DISTRICT
Standard status
Active Under Contract
Size
1,616 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
Lot 9 Goodhaven
Tax Annual Amount
1501
Legal Description
Lot 9 Goodhaven
Amenities
1.5 baths
break room with refrigerator and microwave
laundry room with washer, dryer, and sink
Building Details
Year built
1974
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Heritage Homes · Coldwell Banker Real Estate
(501) 825-7500
Listed By:
Missy Jenkins
(870) 514-8203
Added: Dec 19, 2025
Changed: Aug 4
Last Checked: Aug 11 at 10:06PM
MLS# 25049486
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail storefront is currently set up for salon use, with a layout that 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. At 1,616 square feet on 0.57 acres, the property is all electric. The seller is willing to leave remaining equipment in place, unless a new owner prefers it removed; mirrors are excluded.
The property is located at 4 Lake St. in Greenbrier, near the corner of Hwy 65 and Lake St., and is described as clearly visible to daily traffic traveling Hwy 65. Parking is available on site.
For an operator seeking a retail space with an existing interior built for personal services, the current salon configuration may reduce near-term startup work. The on-site break and laundry areas support day-to-day operations, and the included equipment option gives buyers flexibility when transitioning the space to a new brand or concept, subject to the mirror exclusion.
The property is located at 4 Lake St. in Greenbrier, near the corner of Hwy 65 and Lake St., and is described as clearly visible to daily traffic traveling Hwy 65. Parking is available on site.
For an operator seeking a retail space with an existing interior built for personal services, the current salon configuration may reduce near-term startup work. The on-site break and laundry areas support day-to-day operations, and the included equipment option gives buyers flexibility when transitioning the space to a new brand or concept, subject to the mirror exclusion.
Key Highlights
- Commercial property built in 1974 with shingle roof and vinyl flooring
- Currently set up as a hair salon and boutique; seller may leave remaining equipment (mirrors excluded)
- Includes 1.5 baths plus a 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
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
35k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail storefront with parking and salon-ready interior, including private restrooms, break room, and laundry facilities.
Where is this retail space 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: Commercial property built in 1974 with shingle roof and vinyl flooring; Currently set up as a hair salon and boutique; seller may leave remaining equipment (mirrors excluded); Includes 1.5 baths plus a break room with refrigerator and microwave
