Listing Agency: Weichert REALTORS - The Griffin Company Springdale

Listed By: Darrel Donohew · License #SA00084156 Show Phone

Source: Thebesthomeprice

Added: Aug 7 Changed: Oct 12 Last Checked: Oct 15 at 2:40AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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 / Yr

$10,025

Cap Rate

3.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$200,500 $200.5K

Cap Rate 7%

$143,214 $143.2K

Cap Rate 9%

$111,389 $111.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,664 SF

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 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 (±1% cap)

NOI $35,830 @ 7.0% cap · market cap 11.56%

Second Best

Retail

$432.9K

$378.8K – $505.1K (±1% cap)

NOI $30,306 @ 7.0% cap · market cap 9.78%

Theoretical Best

Office A

$732.1K

$640.6K – $854.1K (±1% cap)

NOI $51,246 @ 7.0% cap · market cap 16.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Restaurant Auto Parts Store Spa & Massage Center Furniture & Home Goods Carpet & Flooring Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Similar For Sale Nearby

See more

Updated Side-by-Side Duplex

118 Fox Run Place, Lowell, AR 72745

$498,000

2,976 SF

View details

Cottage-Style Duplex Townhomes

1607-1605 Park Street, Lowell, AR 72745

$675,000

3,135 SF

View details

Multi-Structure Flex Property

12705 Rhoden Ln, Lowell, AR 72745

$599,000

1,470 SF

View details

Storefront with Office and Kitchen

209 N Bloomington St, Lowell, AR 72745

$585,000

1,104 SF

View details

Furnished Mixed-Use Office Property

515 Enterprise Dr, Lowell, AR 72745

Contact for pricing

2,000 SF

View details

Furnished Office Unit

509 Enterprise Dr, Lowell, AR 72745

Contact for pricing

2,000 SF

View details

Remodeled Flex Space with Warehouse

103&105 Zion Church Street, Lowell, AR 72745

$2,500,000

6,998 SF

View details

Flex Space with Roll-Up Doors

1005 Bloomington Street, Lowell, AR 72745

$2,200,000

10,550 SF

View details

Flex Space with Showroom

120 Commercial Ave, Lowell, AR 72745

$2,500,000

11,920 SF

View details

Two-Story Office Building For Sale

200 Parkwood St, Lowell, AR

Contact for pricing

24,149 SF

View details

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