Retail Storefront in Converted
New
For Sale
$220,000
604 W Main Street, Russellville, AR 72801
CommercialSale, Russellville, AR
Property Size1,602 SF
Lot Size0.22 Acres
Price / SF$137.33
Days on Market3
Property Features for 604 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Lot features
City Lot
Directions
From Pope County Courthouse, Go west on US 64 for .3 Miles Property on your right.
Standard status
Active
APN
800-00147-000C
Size
1,602 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
PT 10,11, PT. 2,3; BLK 32 CITY OF RUSSELLVILLE
Tax Annual Amount
1221
Legal Description
PT 10,11, PT. 2,3; BLK 32 CITY OF RUSSELLVILLE
Amenities
full bathroom
kitchen
laundry area
Listing Agency:
The Lighthouse Realty Company
(479) 219-9294
Listed By:
TJ Posey · License #PB00078387
(479) 970-2942
Added: Oct 2
Last Checked: Oct 4 at 7:06PM
MLS# 1364074
Copyright © 2026 ArkansasONE MLS. 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 storefront occupies a converted home currently used for retail. The 1,602-square-foot building includes a full bathroom, kitchen, and laundry area, with the existing business excluded from the sale.
The property is on West Main Street along Highway 64 in Russellville. Its 0.2225-acre site provides the setting for the existing retail use.
The property is on West Main Street along Highway 64 in Russellville. Its 0.2225-acre site provides the setting for the existing retail use.
Key Highlights
- 1,602‑square‑foot converted home currently used for retail
- 0.2225‑acre site
- Frontage along Highway 64 and West Main Street
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,142
Businesses Nearby
151k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Dining 34%
Groceries 20%
Apparel 2%
Kroger
Groceries
30,824 visits/mo
0.3 miles
Russellville #1
Shops & Services
20,504 visits/mo
0.4 miles
Wendy's
Dining
17,448 visits/mo
0.5 miles
Dollar Tree
Shops & Services
13,917 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
13,612 visits/mo
0.3 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
Questions? Ask Rey
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Similar Off Market Nearby
- Violet Fields Flower Farm — 701 S Erie Ave, Russellville, AR 72801
- Kroger Floral — 1109 W Main St, Russellville, AR 72801
- Sweeden Florist — 117 N Commerce Ave, Russellville, AR 72801
- Flowers Etc Inc — 900 W B St, Russellville, AR 72801
Frequently Asked Questions
What type of property is this?
Storefront property - Interior features include a full bathroom, kitchen, and laundry area; the business is not included in the sale.
Where is this storefront property located?
The property is located at 604 W Main Street 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; 0.2225‑acre site; Frontage along Highway 64 and West Main Street
