Commercial Parcel with Highway
For Sale
$325,000
596 Hwy 365, Mayflower, AR 72106
Level commercial sites on Hwy 365 with direct highway frontage and easy access for retail, service, or office uses.
Property Size2,014 SF
Price / SF$161.37
Days on Market178
Property Features for 596 Hwy 365
General Information
Standard status
Active
Size
2,014 SF
Total Parking Spaces
6
Taxes and HOA fees
Annual Taxes
$3,092
Amenities
Electric, Central Air
Electric, Central
Crawl Space
Partial
Traditional
Building Details
Building Size
2,014 SF
Year Built
1968
Buildings
2
Stories
1
Listing Agency:
Thomas Blackmon Realty
(501) 804-5272
Listed By:
Kara Kellerman
(501) 804-5272
Source:
Evrealestate
Added: Feb 27
Changed: Aug 23
Last Checked: Aug 24 at 5:31AM
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 Thomas Blackmon Realty
Investment Insights
Based on property information with market context.
This offering is being sold through a no-reserve commercial real estate auction hosted by Blackmon Auctions and Thomas Blackmon Realty. The auction is scheduled for Friday, July 17 at 9:00 AM, and includes three commercial properties along the Hwy 365 corridor in Mayflower, AR. The properties are positioned with direct highway frontage and level, usable layouts intended to support a range of commercial or mixed-use applications, including retail, service operations, office use, or redevelopment.
The sites are described as being on a well-traveled Hwy 365 corridor, providing strong visibility and convenient access. They are located just minutes from I-40 and centrally placed between Conway and Little Rock. According to the remarks, the properties sit among established businesses with steady local traffic.
Pre-auction offers are accepted, with details on terms available by contacting the agent.
The sites are described as being on a well-traveled Hwy 365 corridor, providing strong visibility and convenient access. They are located just minutes from I-40 and centrally placed between Conway and Little Rock. According to the remarks, the properties sit among established businesses with steady local traffic.
Pre-auction offers are accepted, with details on terms available by contacting the agent.
Key Highlights
- No‑reserve commercial real estate auction on Friday, July 17 at 9:00am via Blackmon Auctions and Thomas Blackmon Realty
- Auction includes three commercial properties in Mayflower, AR along the well‑traveled Hwy 365 corridor
- Properties feature level, usable layouts with direct highway frontage on Hwy 365
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
$25,258
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
7.77%
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%
$505,160
$505.2K
Cap Rate 7%
$360,829
$360.8K
Cap Rate 9%
$280,644
$280.6K
Market Conditions
NOI Build-Up for 2,014 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
$37.5K $18.60/SF
− Vacancy
−$3.8K −$1.88/SF
EGI
$33.7K $16.72/SF
− OpEx
−$8.4K −$4.18/SF
NOI
$25.3K $12.54/SF
Area
Faulkner County, AR
Vacancy
10.10%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$505,160
Cap Rate 7%
$360,829
Cap Rate 9%
$280,644
Alternative Uses
Best Use
Office B
$360.8K
$315.7K – $421.0K
NOI $25,258 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.4K
$402.0K – $535.9K
NOI $32,156 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Explore this area
Business Placement
Demographics for 72106, AR
5,206
Population
2,602
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
86%
High-School Grad
52.4 sq mi
ZIP Area
99
Density / Sq Mi
$59,375
Median Household Income
$38,630
Median Earnings
$855
Median Rent
$173,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Level commercial sites on Hwy 365 with direct highway frontage and easy access for retail, service, or office uses.
Where is this office units located?
The property is located at 596 Hwy 365 Mayflower, AR.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: No‑reserve commercial real estate auction on Friday, July 17 at 9:00am via Blackmon Auctions and Thomas Blackmon Realty; Auction includes three commercial properties in Mayflower, AR along the well‑traveled Hwy 365 corridor; Properties feature level, usable layouts with direct highway frontage on Hwy 365
