Two-Unit Storefront
For Sale
$215,000
810 E Pridemore Dr, Lincoln, AR 72744
Two separately entered spaces can be combined to create a flexible commercial layout.
Property Size1,200 SF
Price / SF$179.17
Days on Market44
Property Features for 810 E Pridemore Dr
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1993
Listing Agency:
Team Ag Real Estate Inc
(870) 866-4933
Listed By:
Jima Jetton · License #EB00080709
Source:
Thebesthomeprice
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 31 at 6:33PM
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
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.
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 = 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
$14,122
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
6.57%
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%
$282,440
$282.4K
Cap Rate 7%
$201,743
$201.7K
Cap Rate 9%
$156,911
$156.9K
Market Conditions
NOI Build-Up for 1,200 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
$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 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%
$282,440
Cap Rate 7%
$201,743
Cap Rate 9%
$156,911
Alternative Uses
Best Use
Retail
$201.7K
$176.5K – $235.4K
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
NOI $22,547 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carter's Flowers and More — 117 W Bean St, Lincoln, AR 72744
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
