Commercial Land with Highway
For Sale
$310,000
719 Old Wire Rd, Lowell, AR 72745
C-2 commercial zoning accommodates gas station, automotive, office, and flex-space concepts with existing homes on the property.
Property Size2,664 SF
Price / SF$116.37
Days on Market26
Property Features for 719 Old Wire Rd
General Information
Standard status
Active
Size
2,664 SF
Listing Agency:
Weichert REALTORS - The Griffin Company Springdale
(479) 756-1003
Listed By:
Darrel Donohew · License #SA00084156
Source:
Thebesthomeprice
Added: Aug 7
Changed: Aug 31
Last Checked: Aug 31 at 7:40PM
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 Weichert REALTORS - The Griffin Company Springdale
Investment Insights
Based on property information with market context.
This C-2 commercial parcel offers nearly 160 feet along Arkansas Highway 265. The stated use possibilities include a gas station, car lot, office space, or flex space, giving the site a range of commercial development directions. A home positioned at the front currently produces revenue, while the mobile home at the rear transfers with the property unless the buyer elects to have it removed.
A planned bypass is identified approximately 3/4 of a mile south via Old Wire Road and Highway 265. J.B. Hunt’s world headquarters is approximately 2.8 miles away, providing a defined employment anchor in the surrounding area.
A planned bypass is identified approximately 3/4 of a mile south via Old Wire Road and Highway 265. J.B. Hunt’s world headquarters is approximately 2.8 miles away, providing a defined employment anchor in the surrounding area.
Key Highlights
- C‑2 commercial zoning
- Nearly 160 feet of frontage on Arkansas Highway 265
- Potential uses include gas station, car lot, office space, or flex space
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
$10,025
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
3.23%
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%
$200,500
$200.5K
Cap Rate 7%
$143,214
$143.2K
Cap Rate 9%
$111,389
$111.4K
Market Conditions
NOI Build-Up for 2,664 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
$16.0K $6.00/SF
− Vacancy
−$1.7K −$0.62/SF
EGI
$14.3K $5.38/SF
− OpEx
−$4.3K −$1.61/SF
NOI
$10.0K $3.76/SF
Area
Benton County, AR
Vacancy
10.40%
Lease Rate
$6.00 /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%
$200,500
Cap Rate 7%
$143,214
Cap Rate 9%
$111,389
Alternative Uses
Best Use
Specialty Retail
$511.9K
$447.9K – $597.2K
NOI $35,830 @ 7.0% cap · market cap 11.56%
Second Best
Retail
$432.9K
$378.8K – $505.1K
NOI $30,306 @ 7.0% cap · market cap 9.78%
Theoretical Best
Office A
$732.1K
$640.6K – $854.1K
NOI $51,246 @ 7.0% cap · market cap 16.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 72745, AR
13,371
Population
5,324
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
85%
High-School Grad
31.8 sq mi
ZIP Area
420
Density / Sq Mi
$88,958
Median Household Income
$49,144
Median Earnings
$1,119
Median Rent
$255,700
Median Home Value
Market
Vacancy Rate% for Retail 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?
Commercial land - C-2 commercial zoning accommodates gas station, automotive, office, and flex-space concepts with existing homes on the property.
Where is this commercial land located?
The property is located at 719 Old Wire Rd Lowell, AR.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: C‑2 commercial zoning; Nearly 160 feet of frontage on Arkansas Highway 265; Potential uses include gas station, car lot, office space, or flex space
