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 Market64
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
Listed By:
John Kilpatrick · License #SA00058496
(501) 268-1115
Source:
Pcsingtolittlerock
Added: Aug 14
Changed: Oct 2
Last Checked: Oct 7 at 2:18PM
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
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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 / Yr
$63,968
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
