Retail Storefront with Office
New
For Sale
$220,000
604 W Main St, Russellville, AR 72801
The converted residence includes a kitchen, laundry area, and full bathroom for its current retail configuration.
Property Size1,602 SF
Price / SF$137.33
Days on Market1
Property Features for 604 W Main St
General Information
Standard status
Active
Size
1,602 SF
Property subtype
Commercial
Amenities
one full bathroom
kitchen
laundry area
Listing Agency:
Keller Williams Market Pro Realty Branch Office
(479) 244-7245
Listed By:
Brooke Hernandez
(479) 366-0149
Source:
District3
Added: Oct 4
Last Checked: Oct 4 at 2:15PM
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 Keller Williams Market Pro Realty Branch Office
Investment Insights
Based on property information with market context.
This storefront property is a converted home measuring 1,602 square feet and currently used for retail. The interior includes a kitchen, laundry area, and one full bathroom, with potential for additional retail or office space.
The property fronts Highway 64/W. Main Street in Russellville, Arkansas. Showings require 24 hours’ notice; the business is not included in the sale, and tenants should not be disturbed.
The property fronts Highway 64/W. Main Street in Russellville, Arkansas. Showings require 24 hours’ notice; the business is not included in the sale, and tenants should not be disturbed.
Key Highlights
- 1,602‑square‑foot converted home currently used for retail
- Frontage along Highway 64/W. Main Street in Russellville
- Kitchen, laundry area, and one full bathroom
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
$14,454
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
6.57%
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%
$289,080
$289.1K
Cap Rate 7%
$206,486
$206.5K
Cap Rate 9%
$160,600
$160.6K
Market Conditions
NOI Build-Up for 1,602 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
$22.1K $13.80/SF
− Vacancy
−$1.5K −$0.91/SF
EGI
$20.6K $12.89/SF
− OpEx
−$6.2K −$3.87/SF
NOI
$14.5K $9.02/SF
Area
Pope County, AR
Vacancy
6.60%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$289,080
Cap Rate 7%
$206,486
Cap Rate 9%
$160,600
Alternative Uses
Best Use
Retail
$206.5K
$180.7K – $240.9K
NOI $14,454 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$256.0K
$224.0K – $298.6K
NOI $17,917 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
59k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 37%
Hotels & Casinos 1%
Home Improvements & Furnishings 1%
Russellville #1
Shops & Services
20,504 visits/mo
0.5 miles
Taco Villa
Dining
9,386 visits/mo
0.3 miles
Western Sizzlin
Dining
7,832 visits/mo
0.4 miles
Arby's
Dining
7,784 visits/mo
0.2 miles
Domino's Pizza
Dining
5,710 visits/mo
0.4 miles
Demographics for 72801, AR
18,510
Population
7,530
Households
2.5
Avg Household Size
29
Median Age
26%
College-Educated
82%
High-School Grad
8.0 sq mi
ZIP Area
2,314
Density / Sq Mi
$42,363
Median Household Income
$22,473
Median Earnings
$837
Median Rent
$153,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Violet Fields Flower Farm — 701 S Erie Ave, Russellville, AR 72801
- The Floral Court — 911 E Main St, Russellville, AR 72802
- Sweeden Florist — 117 N Commerce Ave, Russellville, AR 72801
Frequently Asked Questions
What type of property is this?
Storefront property - The converted residence includes a kitchen, laundry area, and full bathroom for its current retail configuration.
Where is this storefront property located?
The property is located at 604 W Main St Russellville, AR.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,602‑square‑foot converted home currently used for retail; Frontage along Highway 64/W. Main Street in Russellville; Kitchen, laundry area, and one full bathroom
