Building Details

Year Built 1993

Listing Agency: Team Ag Real Estate Inc

Listed By: Jima Jetton · License #EB00080709 Show Phone

Source: Thebesthomeprice

Added: Jul 20 Changed: Oct 15 Last Checked: Oct 7 at 4:05PM

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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 Team Ag Real Estate Inc

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Investment Insights

Based on property information with market context.

This 1,200-square-foot storefront property at 810 E Pridemore Drive includes two separate commercial units, each with its own entrance. The spaces may also be joined into one larger area, supporting a range of retail, office, or service-oriented configurations.

The property is located in Lincoln, Arkansas, with access from Highway 62. On-site parking and signage space are included, providing practical support for customer access and business identification. The two-unit arrangement allows the property to function as separate spaces or as a combined storefront, depending on operational requirements.

Key Highlights

• 1,200‑square‑foot storefront property
• Two separate units with individual entrances
• Units can be combined into one space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,122

Cap Rate

6.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$282,440 $282.4K

Cap Rate 7%

$201,743 $201.7K

Cap Rate 9%

$156,911 $156.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$21.6K $18.00/SF

− Vacancy

−$1.4K −$1.19/SF

EGI

$20.2K $16.81/SF

− OpEx

−$6.1K −$5.04/SF

NOI

$14.1K $11.77/SF

Area

Washington County, AR

Vacancy

6.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$282,440

Cap Rate 7%

$201,743

Cap Rate 9%

$156,911

Alternative Uses

Best Use

Retail

$201.7K

$176.5K – $235.4K (±1% cap)

NOI $14,122 @ 7.0% cap · market cap 6.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$322.1K

$281.8K – $375.8K (±1% cap)

NOI $22,547 @ 7.0% cap · market cap 10.49%

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

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service (Bike/Boat/Book/etc) Store Nail Salon Furniture & Home Goods

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

139

Businesses Nearby

7k

Monthly Visits Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar Tree Shops & Services

5,038 visits/mo 0.1 miles

Arvest Bank Shops & Services

2,453 visits/mo 0.4 miles

Demographics for 72744, AR

5,227

Population

2,196

Households

2.4

Avg Household Size

40

Median Age

12%

College-Educated

88%

High-School Grad

79.0 sq mi

ZIP Area

66

Density / Sq Mi

$63,077

Median Household Income

$41,667

Median Earnings

$1,093

Median Rent

$168,100

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

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Frequently Asked Questions

What type of property is this?

Storefront property - Two separately entered spaces can be combined to create a flexible commercial layout.

Where is this storefront property located?

The property is located at 810 E Pridemore Dr Lincoln, AR.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: 1,200‑square‑foot storefront property; Two separate units with individual entrances; Units can be combined into one space