Equipped Dry Cleaning
For Sale
$650,000
718 S Arkansas Avenue, Russellville, AR 72801
CommercialSale, Russellville, AR
Property Size5,000 SF
Lot Size0.53 Acres
Price / SF$130
Days on Market256
Property Features for 718 S Arkansas Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
18
Security features
Security
Lot features
Corner Lot, City Lot
Directions
Located on the corner of South Arkansas and 8th Street
Standard status
Active
APN
795-00077-000c
Size
5,000 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Description
NE & SE PT LOT 3 BLOCK J CITY OF RUSSELLVILLE
Tax Annual Amount
3004
Legal Description
NE & SE PT LOT 3 BLOCK J CITY OF RUSSELLVILLE
Utilities
Cooling system
Central Air
Water source
Public
Building Details
Year built
1999
Flooring type
Concrete, Laminate, Simulatedwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
Arkansas Real Estate Collective
(479) 280-1999
Listed By:
Wetzel Group
(479) 970-0986
Added: Jan 21
Changed: Sep 16
Last Checked: Oct 4 at 9:06PM
MLS# 1331986
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 5,000-square-foot commercial storefront includes an operating dry cleaning business and the equipment associated with its current use. The building was constructed in 1999 with brick exterior construction, laminate, concrete, and simulated wood flooring, along with central air conditioning. Public water serves the property, and the roof is shingle construction.
The property occupies 0.53 acres at 718 S Arkansas Avenue in Russellville, Arkansas. Its configuration combines an established storefront operation with a substantial commercial building footprint. The existing business use and installed equipment provide a defined starting point for continued operation, subject to applicable transaction and regulatory terms.
The property occupies 0.53 acres at 718 S Arkansas Avenue in Russellville, Arkansas. Its configuration combines an established storefront operation with a substantial commercial building footprint. The existing business use and installed equipment provide a defined starting point for continued operation, subject to applicable transaction and regulatory terms.
Key Highlights
- 5,000‑square‑foot commercial storefront
- Operating dry cleaning business with equipment in place
- 0.53‑acre property at 718 S Arkansas Avenue
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
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
968
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Home Improvements & Furnishings 24%
Dining 20%
Russellville #1
Shops & Services
20,504 visits/mo
0.2 miles
Leonard's Ace
Home Improvements & Furnishings
13,350 visits/mo
0.5 miles
Taco Villa
Dining
9,386 visits/mo
0.4 miles
Dollar General
Shops & Services
9,066 visits/mo
0.1 miles
Bank OZK
Shops & Services
3,160 visits/mo
0.4 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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Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial storefront with central air, public water, and an operating dry cleaning business.
Where is this storefront property located?
The property is located at 718 S Arkansas Avenue 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: 5,000‑square‑foot commercial storefront; Operating dry cleaning business with equipment in place; 0.53‑acre property at 718 S Arkansas Avenue
