C-2/C-5 Commercial
For Sale
$4,100,000
Pending
46 Bradley Cove Road, Russellville, AR 72802
COMMERCIAL - Russellville, AR
Property Size19,530 SF
Lot Size6.00 Acres
Days on Market301
Property Features for 46 Bradley Cove Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
City Lot
Directions
From I-40 exit 84 in Russellville, head East on Bradley Cove Road. Property on the N side of road right across from Flying J/Denny's
Standard status
Pending
APN
863-00121-004C
Size
19,530 SF
Lot size
6.00 Acres
Taxes and HOA fees
Tax Description
Per attached survey
Legal Description
Per attached survey
Building Details
Year built
1990
Building materials
Block, MetalSiding, Concrete
Listing Agency:
Patriot Company Real Estate
(479) 439-1933
Listed By:
Robert Weibler · License #PB00064609
(479) 970-5645
Added: Oct 24, 2025
Changed: Aug 19
Last Checked: Aug 20 at 6:06AM
MLS# 1326577
Copyright © 2026 ArkansasONE MLS. 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 commercial land property includes multiple existing buildings totaling 19,530 square feet. Improvements date to 1990 and feature block, metal siding, and concrete construction. The site is positioned for continued use of the existing facilities or future expansion, with utilities already in place.
Located at 46 Bradley Cove Road in Russellville, the property is near I-40 and downtown Russellville. Bradley Cove Road provides the stated access and visibility, while the C-2 and C-5 zoning designations support a range of commercial land-use considerations. The combination of existing improvements, established utility service, and proximity to major area destinations creates a substantial commercial footprint in Pope County.
Located at 46 Bradley Cove Road in Russellville, the property is near I-40 and downtown Russellville. Bradley Cove Road provides the stated access and visibility, while the C-2 and C-5 zoning designations support a range of commercial land-use considerations. The combination of existing improvements, established utility service, and proximity to major area destinations creates a substantial commercial footprint in Pope County.
Key Highlights
- 19,530 square feet of existing building area
- Multiple buildings with 1990 construction
- Block, metal siding, and concrete construction materials
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
$135,929
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
3.32%
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%
$2,718,580
$2.7M
Cap Rate 7%
$1,941,843
$1.9M
Cap Rate 9%
$1,510,322
$1.5M
Market Conditions
NOI Build-Up for 19,530 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
$234.4K $12.00/SF
− Vacancy
−$16.9K −$0.86/SF
EGI
$217.5K $11.14/SF
− OpEx
−$81.6K −$4.18/SF
NOI
$135.9K $6.96/SF
Area
Pope County, AR
Vacancy
7.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,718,580
Cap Rate 7%
$1,941,843
Cap Rate 9%
$1,510,322
Alternative Uses
Best Use
Mixed Use
$1.94M
$1.70M – $2.27M
NOI $135,929 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,424 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
208
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with existing buildings, on-site utilities, and dual C-2 and C-5 zoning.
Where is this commercial land located?
The property is located at 46 Bradley Cove Road Russellville, AR.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: 19,530 square feet of existing building area; Multiple buildings with 1990 construction; Block, metal siding, and concrete construction materials
