Dry Cleaning
For Sale
$650,000
718 Arkansas Ave, Russellville, AR 72801
Turnkey dry cleaning storefront offered for sale with fully equipped, operational setup and ample parking.
Property Size5,000 SF
Price / SF$130
Days on Market227
Property Features for 718 Arkansas Ave
General Information
Standard status
Active
Size
5,000 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,004
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Wetzel Group
(479) 970-0986
Source:
Exprealty
Added: Jan 21
Changed: Aug 31
Last Checked: Sep 5 at 10:31AM
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 Arkansas Real Estate Collective
Investment Insights
Based on property information with market context.
This for-sale dry cleaning storefront offers a well-established, fully equipped and operational business, presented as a turnkey opportunity for an owner-operator or investor. The property is a commercial building designed to support ongoing operations, with equipment in place to help minimize downtime for a qualified buyer.
The business is located at 718 Arkansas Ave in Russellville, Arkansas, with ample parking and easy access on site. The surrounding area includes residential neighborhoods and other thriving businesses, supporting consistent walk-in activity for a neighborhood-focused service use.
The business is located at 718 Arkansas Ave in Russellville, Arkansas, with ample parking and easy access on site. The surrounding area includes residential neighborhoods and other thriving businesses, supporting consistent walk-in activity for a neighborhood-focused service use.
Key Highlights
- Turnkey dry cleaning storefront for sale with a fully equipped, operational setup
- Business setup includes an operational dry cleaning storefront in a commercial building
- Ample parking and easy access are included with the property
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
$45,112
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
6.94%
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%
$902,240
$902.2K
Cap Rate 7%
$644,457
$644.5K
Cap Rate 9%
$501,244
$501.2K
Market Conditions
NOI Build-Up for 5,000 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
$69.0K $13.80/SF
− Vacancy
−$4.6K −$0.91/SF
EGI
$64.4K $12.89/SF
− OpEx
−$19.3K −$3.87/SF
NOI
$45.1K $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%
$902,240
Cap Rate 7%
$644,457
Cap Rate 9%
$501,244
Alternative Uses
Best Use
Retail
$644.5K
$563.9K – $751.9K
NOI $45,112 @ 7.0% cap · market cap 6.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.9K
$699.0K – $932.0K
NOI $55,920 @ 7.0% cap · market cap 8.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
112k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 82%
Shops & Services 15%
Beauty & Spa 1%
Electronics 1%
McDonald's
Dining
31,274 visits/mo
0.3 miles
Wendy's
Dining
17,448 visits/mo
0.1 miles
Taco Bell
Dining
14,867 visits/mo
0.5 miles
The UPS Store
Shops & Services
7,173 visits/mo
0.4 miles
KFC
Dining
6,781 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey dry cleaning storefront offered for sale with fully equipped, operational setup and ample parking.
Where is this storefront property located?
The property is located at 718 Arkansas Ave Russellville, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Turnkey dry cleaning storefront for sale with a fully equipped, operational setup; Business setup includes an operational dry cleaning storefront in a commercial building; Ample parking and easy access are included with the property
