Building Details

Year built 1980

Floors in Building 1

Flooring type Tile, Wood

Roof type Composition

Architectural style Other

Listing Agency: PorchLight Realty a***@porchlightar.com Show Phone

Listed By: Christy Ward Show Phone

Added: Sep 18 Last Checked: Oct 7 at 4:06PM

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MLS# 26038049

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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,647

Cap Rate

4.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$232,940 $232.9K

Cap Rate 7%

$166,386 $166.4K

Cap Rate 9%

$129,411 $129.4K

Market Conditions

NOI Build-Up for 1,441 SF

Gross rent

$22.5K $15.60/SF

− Vacancy

−$1.3K −$0.90/SF

EGI

$21.2K $14.70/SF

− OpEx

−$9.5K −$6.61/SF

NOI

$11.6K $8.08/SF

Area

Lonoke County, AR

Vacancy

5.80%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$232,940

Cap Rate 7%

$166,386

Cap Rate 9%

$129,411

Alternative Uses

Best Use

Apartment 5plus

$166.4K

$145.6K – $194.1K (±1% cap)

NOI $11,647 @ 7.0% cap · market cap 4.24%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$293.4K

$256.7K – $342.3K (±1% cap)

NOI $20,538 @ 7.0% cap · market cap 7.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Parking Lot & Garage Big Box & Wholesale Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

203

Businesses Nearby

Explore this area Business Placement

Demographics for 72023, AR

37,321

Population

14,901

Households

2.5

Avg Household Size

38

Median Age

25%

College-Educated

94%

High-School Grad

98.2 sq mi

ZIP Area

380

Density / Sq Mi

$76,157

Median Household Income

$45,363

Median Earnings

$978

Median Rent

$202,400

Median Home Value

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Frequently Asked Questions

Where is this commercial land located?

The property is located at 404 S Pine Street Cabot, AR.

What is the asking price?

The asking price for this property is $275,000.