Building Details

Year built 1945

Floors in Building 1

Architectural style Other

Listing Agency: TMK Properties

Listed By: Mary Kay Palmer Show Phone

Added: Mar 4 Changed: Oct 8 Last Checked: Oct 21 at 6:06AM

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MLS# 26008400

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.

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Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,100

Cap Rate

3.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$242,000 $242.0K

Cap Rate 7%

$172,857 $172.9K

Cap Rate 9%

$134,444 $134.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,218 SF

Gross rent

$21.8K $17.88/SF

− Vacancy

−$2.4K −$1.98/SF

EGI

$19.4K $15.90/SF

− OpEx

−$7.3K −$5.96/SF

NOI

$12.1K $9.93/SF

Area

Grant County, AR

Vacancy

11.10%

Lease Rate

$17.88 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$242,000

Cap Rate 7%

$172,857

Cap Rate 9%

$134,444

Alternative Uses

Best Use

Mixed Use

$172.9K

$151.3K – $201.7K (±1% cap)

NOI $12,100 @ 7.0% cap · market cap 3.72%

Second Best

Apartment 5plus

$140.6K

$123.1K – $164.1K (±1% cap)

NOI $9,844 @ 7.0% cap · market cap 3.03%

Theoretical Best

Office A

$248.0K

$217.0K – $289.3K (±1% cap)

NOI $17,359 @ 7.0% cap · market cap 5.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Law Firm Dental Office Electrical Service (Bike/Boat/Book/etc) 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

378

Businesses Nearby

Explore this area Business Placement

Demographics for 72150, AR

12,218

Population

5,359

Households

2.3

Avg Household Size

41

Median Age

23%

College-Educated

90%

High-School Grad

293.5 sq mi

ZIP Area

42

Density / Sq Mi

$75,342

Median Household Income

$45,316

Median Earnings

$781

Median Rent

$176,900

Median Home Value

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Frequently Asked Questions

Where is this mixed-use property located?

The property is located at 411 W Center Sheridan, AR.

What is the asking price?

The asking price for this property is $325,000.