Mixed-Use Metal
New
For Sale
$399,000
5743 Albert Pike Rd, Royal, AR 71968
Commercial and residential zoning supports combined business and living uses.
Property Size4,000 SF
Price / SF$99.75
Days on Market5
Property Features for 5743 Albert Pike Rd
General Information
Standard status
Active
Size
4,000 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
2004
Buildings
1
Building Size
4,000 SF
Construction
metal building
Listing Agency:
CENTURY 21 H.S.V. Realty
(501) 922-8493
Listed By:
Monita Collins
Source:
Pcsingtolittlerock
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 29 at 11:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 H.S.V. Realty
Investment Insights
Based on property information with market context.
Located at 5743 Albert Pike Rd in Royal, this mixed-use property includes an approximately 4,000-square-foot metal building constructed by Butler Manufacturing Company. The building contains approximately 640 square feet of living quarters with a full bath, allowing business and residential functions to occupy the same property.
The site provides approximately 93 feet of highway frontage and sits across from established businesses, with access to the Lake Hamilton area, Treasure Isle, resorts, boating, and recreational destinations. Country water, Entergy electric, and septic serve the property. Commercial and residential zoning is in place, and the property is within the Lake Hamilton School District.
The site provides approximately 93 feet of highway frontage and sits across from established businesses, with access to the Lake Hamilton area, Treasure Isle, resorts, boating, and recreational destinations. Country water, Entergy electric, and septic serve the property. Commercial and residential zoning is in place, and the property is within the Lake Hamilton School District.
Key Highlights
- Approximately 4,000 SF metal building constructed by Butler Manufacturing Company
- Approximately 640 SF of living quarters with a full bath
- Approximately 93 feet of highway frontage on Albert Pike Road
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
$24,472
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
6.13%
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%
$489,440
$489.4K
Cap Rate 7%
$349,600
$349.6K
Cap Rate 9%
$271,911
$271.9K
Market Conditions
NOI Build-Up for 4,000 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
$39.8K $9.96/SF
− Vacancy
−$2.2K −$0.55/SF
EGI
$37.6K $9.41/SF
− OpEx
−$13.2K −$3.29/SF
NOI
$24.5K $6.12/SF
Area
Garland County, AR
Vacancy
5.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$489,440
Cap Rate 7%
$349,600
Cap Rate 9%
$271,911
Alternative Uses
Best Use
Office B
$548.6K
$480.1K – $640.1K
NOI $38,405 @ 7.0% cap · market cap 9.63%
Second Best
Flex RnD
$349.6K
$305.9K – $407.9K
NOI $24,472 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$731.5K
$640.1K – $853.4K
NOI $51,206 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 71968, AR
4,564
Population
2,159
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
94%
High-School Grad
98.4 sq mi
ZIP Area
46
Density / Sq Mi
$75,651
Median Household Income
$36,020
Median Earnings
$1,049
Median Rent
$174,700
Median Home Value
Market
Vacancy Rate% for Office 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 - Commercial and residential zoning supports combined business and living uses.
Where is this mixed-use property located?
The property is located at 5743 Albert Pike Rd Royal, AR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Approximately 4,000 SF metal building constructed by Butler Manufacturing Company; Approximately 640 SF of living quarters with a full bath; Approximately 93 feet of highway frontage on Albert Pike Road
