Two-Story Mixed-Use
For Sale
$1,100,000
703-717 W Beebe Capps Expy, Searcy, AR 72143
Upper-level apartments complement commercial space on the ground floor.
Property Size10,212 SF
Price / SF$107.72
Days on Market17
Property Features for 703-717 W Beebe Capps Expy
General Information
Standard status
Active
Size
10,212 SF
Additional Details
Highway Access
Yes
Multifamily Units
5
Building Details
Year Built
2007
Stories
2
Listing Agency:
RE/MAX Advantage
(501) 268-1115
Listed By:
John Kilpatrick · License #SA00058496
Source:
Pcsingtolittlerock
Added: Aug 14
Changed: Aug 29
Last Checked: Aug 25 at 5:17AM
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 RE/MAX Advantage
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 10,212 square feet, with five residential apartments occupying the upper level and commercial space arranged on the ground floor. Built in 2007, the asset combines residential and commercial components within one building and includes on-site parking.
The property is located at 703-717 W Beebe Capps Expressway in Searcy, Arkansas, with reported daily traffic of 18,000–19,000 vehicles. Its zoning is Central Business, C-4, supporting the property’s mixed-use configuration.
The property is located at 703-717 W Beebe Capps Expressway in Searcy, Arkansas, with reported daily traffic of 18,000–19,000 vehicles. Its zoning is Central Business, C-4, supporting the property’s mixed-use configuration.
Key Highlights
- 10,212‑square‑foot, two‑story mixed‑use property
- Five residential apartments on the upper level
- Commercial space occupies the ground floor
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
$63,968
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
5.82%
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%
$1,279,360
$1.3M
Cap Rate 7%
$913,829
$913.8K
Cap Rate 9%
$710,756
$710.8K
Market Conditions
NOI Build-Up for 10,212 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
$110.3K $10.80/SF
− Vacancy
−$7.9K −$0.78/SF
EGI
$102.3K $10.02/SF
− OpEx
−$38.4K −$3.76/SF
NOI
$64.0K $6.26/SF
Area
White County, AR
Vacancy
7.20%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
37.50%
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%
$1,279,360
Cap Rate 7%
$913,829
Cap Rate 9%
$710,756
Alternative Uses
Best Use
Mixed Use
$913.8K
$799.6K – $1.07M
NOI $63,968 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$788.0K
$689.5K – $919.3K
NOI $55,160 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,730 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level apartments complement commercial space on the ground floor.
Where is this mixed-use property located?
The property is located at 703-717 W Beebe Capps Expy Searcy, AR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 10,212‑square‑foot, two‑story mixed‑use property; Five residential apartments on the upper level; Commercial space occupies the ground floor
