Mixed-Use Building with Living
For Sale
$399,000
5743 Albert Pike Road, Royal, AR 71968
Commercial / Industrial, Royal, AR
Property Size4,000 SF
Lot Size2.80 Acres
Price / SF$99.75
Days on Market9
Property Features for 5743 Albert Pike Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use Commercial
Parking
40
Interior features
Public Restrooms, Kitchen Area, Living Area, Ceiling Fans, Video Surveillance
Lot features
Level
Directions
From Grand & Central intersection S. on Central Ave. R to Higdon Ferry Rd., R to US-70W , keep L to 270W towards Mt. Ida; then Keep R on 270W, 5.8mi turn L. Destination on your Left across from Water-N-Hole & Window Mart.
Subdivision
LAKE HAMILTON SCHOOL DISTRICT
Standard status
Active
Size
4,000 SF
Lot size
2.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT NW NW 01-03S-21W
Tax Annual Amount
757
Legal Description
PT NW NW 01-03S-21W
Building Details
Year built
2004
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
CENTURY 21 H.S.V. Realty · Century 21 Real Estate
(501) 922-2021
Listed By:
Monita Collins
(501) 922-8493
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 20 at 3:06AM
MLS# 26033046
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 includes a 4,000 SF metal building constructed in 2004, with approximately 640 SF configured as living quarters and a full bath. The interior also provides a kitchen area, living area, public restrooms, concrete flooring, ceiling fans, and video surveillance. A metal roof completes the building improvements.
The 2.8-acre property fronts Albert Pike Road in Royal, Arkansas, with approximately 93 feet of highway frontage. It is positioned across from established businesses and near Treasure Isle, Lake Hamilton, resorts, boating, and recreational areas. Country water, Entergy electric, and septic serve the property. Commercial and residential zoning supports a range of business, live-work, and residential applications, and the property is within the Lake Hamilton School District.
The 2.8-acre property fronts Albert Pike Road in Royal, Arkansas, with approximately 93 feet of highway frontage. It is positioned across from established businesses and near Treasure Isle, Lake Hamilton, resorts, boating, and recreational areas. Country water, Entergy electric, and septic serve the property. Commercial and residential zoning supports a range of business, live-work, and residential applications, and the property is within the Lake Hamilton School District.
Key Highlights
- 4,000 SF metal building constructed in 2004
- Approximately 640 SF of living quarters with a full bath
- 2.8‑acre property with approximately 93 feet of highway frontage
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
Flex RnD
$349.6K
$305.9K – $407.9K
NOI $24,472 @ 7.0% cap · market cap 6.13%
Second Best
Mixed Use
$276.0K
$241.5K – $322.0K
NOI $19,320 @ 7.0% cap · market cap 4.84%
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
37
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Metal mixed-use building with flexible commercial space, living quarters, and access to commercial and residential zoning.
Where is this mixed-use property located?
The property is located at 5743 Albert Pike Road 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: 4,000 SF metal building constructed in 2004; Approximately 640 SF of living quarters with a full bath; 2.8‑acre property with approximately 93 feet of highway frontage
