Mixed-Use Property with Existing
For Sale
$2,240,000
46 Bradley Cove Road, Russellville, AR 72802
Commercial / Industrial, Russellville, AR
Property Size19,530 SF
Lot Size10.80 Acres
Price / SF$114.70
Days on Market308
Property Features for 46 Bradley Cove Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
300
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
Subdivision
POPE COUNTY
Standard status
Active
Size
19,530 SF
Lot size
10.80 Acres
Taxes and HOA fees
Tax Description
Per attached survey
Tax Annual Amount
6296
Legal Description
Per attached survey
Building Details
Year built
1990
Floors in Building
1
Listing Agency:
Patriot Company
(479) 439-1933
Listed By:
Robert Weibler · License #PB00064609
(479) 970-5645
Added: Oct 24, 2025
Changed: Aug 26
Last Checked: Aug 27 at 11:06AM
MLS# 26001147
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 mixed-use property encompasses approximately 10.8 acres with 19,530 square feet of existing building area. The improvements date to 1990 and provide an established physical base for commercial, industrial, retail, service, or mixed-use operations. Utilities are located on site, and the acreage allows room for additional structures or expansion.
Positioned at 46 Bradley Cove Road in Russellville, the property offers access along Bradley Cove Rd and is located minutes from I-40 and downtown Russellville. The site carries both C-2 and C-5 zoning, providing a broad framework for the business uses identified for the property. Its existing buildings, substantial land area, and highway proximity create a flexible setting for an owner-user or other commercial operation.
Positioned at 46 Bradley Cove Road in Russellville, the property offers access along Bradley Cove Rd and is located minutes from I-40 and downtown Russellville. The site carries both C-2 and C-5 zoning, providing a broad framework for the business uses identified for the property. Its existing buildings, substantial land area, and highway proximity create a flexible setting for an owner-user or other commercial operation.
Key Highlights
- Approximately 10.8 acres of mixed‑use property
- 19,530 square feet of existing building area
- Multiple existing buildings constructed in 1990
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
6.07%
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 6.07%
Second Best
Industrial
$1.08M
$947.4K – $1.26M
NOI $75,792 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$3.12M
$2.73M – $3.64M
NOI $218,424 @ 7.0% cap · market cap 9.75%
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 and C-5 zoning support varied commercial configurations across an established multi-building site.
Where is this mixed-use property located?
The property is located at 46 Bradley Cove Road Russellville, AR.
What is the asking price?
The asking price for this property is $2,240,000.
What are key features of this property?
This property features: Approximately 10.8 acres of mixed‑use property; 19,530 square feet of existing building area; Multiple existing buildings constructed in 1990
