Mixed-Use Retail
New
For Sale
$550,000
720 Main ST, Van Buren, AR 72956
Commercial, Van Buren, AR
Property Size2,840 SF
Lot Size0.07 Acres
Price / SF$193.66
Days on Market3
Property Features for 720 Main ST
General Information
Property type
Commercial Sale
Property subtype
Retail
Directions
From I-40, turn left onto Fayetteville Road. Follow for approximately 2.3 miles. Turn right onto Main Street. Property will be on the left.
Standard status
Active
APN
700-00299-000-C
Size
2,840 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
PER DOC #2018010317 FILED 10/19/18 PART OF BLOCK 28 OF THE ORIGINAL TOWN OF VAN BUREN, ARKANSAS, BEING DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON MAIN STREET BEING 21 FEET 8 INCHES NORTHEASTERLY FROM THE WEST CORNER OF LOT 10, SAID POINT BEING THE CEN
Tax Annual Amount
915
Legal Description
PER DOC #2018010317 FILED 10/19/18 PART OF BLOCK 28 OF THE ORIGINAL TOWN OF VAN BUREN, ARKANSAS, BEING DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON MAIN STREET BEING 21 FEET 8 INCHES NORTHEASTERLY FROM THE WEST CORNER OF LOT 10, SAID POINT BEING THE CEN
Utilities
Heating system
Natural Gas, Central
Cooling system
Central Air
Building Details
Year built
2000
Flooring type
Wood, Tile - Ceramic
Listing Agency:
O'Neal Real Estate- Fort Smith
(479) 242-4609
Listed By:
Telitha Fleck
(918) 774-5743
Added: Oct 18
Changed: Oct 19
Last Checked: Oct 20 at 12:06AM
MLS# 1092529
Copyright © 2026 Western River Valley Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,840-square-foot mixed-use property combines retail space with residential quarters across the building’s upper and lower levels. The retail portion is occupied by an established five-and-dime business, and the property also includes a studio apartment. Ceramic tile and wood flooring, central air conditioning, and natural gas and central heating serve the building. Constructed in 2000, the property occupies a 0.07-acre parcel in downtown Van Buren.
Key Highlights
- 2,840 square feet of mixed‑use space
- Existing five‑and‑dime business and studio apartment
- Residential quarters on upper and lower levels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,708
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,160
$494.2K
Cap Rate 7%
$352,971
$353.0K
Cap Rate 9%
$274,533
$274.5K
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$42.6K $15.00/SF
− Vacancy
−$3.1K −$1.08/SF
EGI
$39.5K $13.92/SF
− OpEx
−$14.8K −$5.22/SF
NOI
$24.7K $8.70/SF
Area
Crawford County, AR
Vacancy
7.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,160
Cap Rate 7%
$352,971
Cap Rate 9%
$274,533
Alternative Uses
Best Use
Mixed Use
$353.0K
$308.9K – $411.8K
NOI $24,708 @ 7.0% cap · market cap 4.49%
Second Best
Retail
$350.1K
$306.4K – $408.5K
NOI $24,510 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$544.5K
$476.4K – $635.3K
NOI $38,115 @ 7.0% cap · market cap 6.93%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
554
Businesses Nearby
15k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
SONIC Drive In
Dining
15,097 visits/mo
0.2 miles
Demographics for 72956, AR
33,870
Population
14,119
Households
2.4
Avg Household Size
39
Median Age
19%
College-Educated
87%
High-School Grad
103.8 sq mi
ZIP Area
326
Density / Sq Mi
$60,387
Median Household Income
$33,894
Median Earnings
$825
Median Rent
$177,100
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial space includes retail operations and residential quarters on multiple levels.
Where is this mixed-use property located?
The property is located at 720 Main ST Van Buren, AR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,840 square feet of mixed‑use space; Existing five‑and‑dime business and studio apartment; Residential quarters on upper and lower levels
