Corner Office Unit with C-2
For Sale
$299,000
608 S Pine Street, Cabot, AR 72023
Flexible layout offers multiple private offices and reception potential for professional or medical users.
Property Size1,782 SF
Lot Size0.45 Acres
Price / SF$167.79
Days on Market96
Property Features for 608 S Pine Street
General Information
Standard status
Active
Size
1,782 SF
Total Parking Spaces
6
Lot size
0.45 Acres
Property subtype
Commercial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,782 SF
Year Built
1998
Stories
1
Listing Agency:
Blair & Co. Realtors
(501) 424-7949
Listed By:
Michelle Plant
(501) 424-7949
Source:
Proeliterealty
Added: May 21
Changed: Aug 23
Last Checked: Aug 23 at 8:14AM
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 Blair & Co. Realtors
Investment Insights
Based on property information with market context.
608 S Pine Street is a 1,782 SF office unit on approximately .45 acres, with a flexible interior configuration that includes multiple private office spaces and potential for a reception area. The existing arrangement also features a 3 bed / 2 bath layout, providing a foundation for office conversion, owner-user occupancy, or other approved commercial applications. C-2 General Commercial zoning allows office, retail, medical, salon, professional service, and business uses.
The property fronts South Pine Street in Cabot and records approximately 17, 000 vehicles passing daily. Its corner position provides roadside exposure and signage potential, with convenient access to Hwy 67/167. Established businesses, restaurants, and residential expansion are located in the surrounding area.
The property fronts South Pine Street in Cabot and records approximately 17, 000 vehicles passing daily. Its corner position provides roadside exposure and signage potential, with convenient access to Hwy 67/167. Established businesses, restaurants, and residential expansion are located in the surrounding area.
Key Highlights
- 1, 782 SF office unit on approximately .45 acres
- C‑2 General Commercial zoning
- Multiple private office spaces with reception potential
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
$16,967
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
5.67%
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%
$339,340
$339.3K
Cap Rate 7%
$242,386
$242.4K
Cap Rate 9%
$188,522
$188.5K
Market Conditions
NOI Build-Up for 1,782 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
$25.4K $14.28/SF
− Vacancy
−$2.8K −$1.59/SF
EGI
$22.6K $12.69/SF
− OpEx
−$5.7K −$3.17/SF
NOI
$17.0K $9.52/SF
Area
Lonoke County, AR
Vacancy
11.10%
Lease Rate
$14.28 /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%
$339,340
Cap Rate 7%
$242,386
Cap Rate 9%
$188,522
Alternative Uses
Best Use
Office B
$242.4K
$212.1K – $282.8K
NOI $16,967 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.8K
$317.5K – $423.3K
NOI $25,398 @ 7.0% cap · market cap 8.49%
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
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Explore this area
Business Placement
Demographics for 72023, AR
37,321
Population
14,901
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
94%
High-School Grad
98.2 sq mi
ZIP Area
380
Density / Sq Mi
$76,157
Median Household Income
$45,363
Median Earnings
$978
Median Rent
$202,400
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 - Flexible layout offers multiple private offices and reception potential for professional or medical users.
Where is this office units located?
The property is located at 608 S Pine Street Cabot, AR.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1, 782 SF office unit on approximately .45 acres; C‑2 General Commercial zoning; Multiple private office spaces with reception potential
