Building Details

Flooring type Vinyl

Roof type Metal

Listing Agency: Keller Williams Platinum Realty · Keller Williams Realty

Listed By: Johnson Realty Group Show Phone

Added: Jun 1 Changed: Sep 14 Last Checked: Oct 10 at 10:06AM

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MLS# 1089376

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.

Investment Insights

Based on property information with market context.

This almost 1-acre property offers flexible use with zoning that can support commercial or residential development. The site includes an existing home with a concrete slab where anchors are attached, upgraded fiberglass insulation, and a metal roof. Inside, the home features three bedrooms and two bathrooms, along with a kitchen open to the main living area.

The property is described as highly visible along Hwy 22, with an estimated 11,000 to 16,000 vehicles passing by each day. Additional outdoor amenities include a fenced yard and a large covered deck.

Whether you plan to open a business in the current structure or build your own improvements, the combination of mixed-use zoning and on-site improvements provides a straightforward path to customize the site at 9 Nicholes ST in Central City, AR 72941.

Key Highlights

• Almost 1‑acre property on Hwy 22 with zoning that can be commercial or residential
• Highway‑fronted location with 11,000–16,000 cars passing by per day
• Existing home features 3 bedrooms, 2 bathrooms, and a kitchen open to the main living area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$8,474

Cap Rate

4.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$169,480 $169.5K

Cap Rate 7%

$121,057 $121.1K

Cap Rate 9%

$94,156 $94.2K

Market Conditions

NOI Build-Up for 1,431 SF

Gross rent

$16.7K $11.64/SF

− Vacancy

−$1.2K −$0.87/SF

EGI

$15.4K $10.77/SF

− OpEx

−$6.9K −$4.85/SF

NOI

$8.5K $5.92/SF

Area

Sebastian County, AR

Vacancy

7.50%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$169,480

Cap Rate 7%

$121,057

Cap Rate 9%

$94,156

Alternative Uses

Best Use

Apartment 5plus

$121.1K

$105.9K – $141.2K (±1% cap)

NOI $8,474 @ 7.0% cap · market cap 4.26%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$304.5K

$266.4K – $355.2K (±1% cap)

NOI $21,312 @ 7.0% cap · market cap 10.71%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Auto Repair Shop Building Supply Restaurant

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

16,000 VPD

Traffic count

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 72941, AR

5,079

Population

2,043

Households

2.5

Avg Household Size

41

Median Age

16%

College-Educated

93%

High-School Grad

43.4 sq mi

ZIP Area

117

Density / Sq Mi

$77,292

Median Household Income

$37,540

Median Earnings

$889

Median Rent

$159,600

Median Home Value

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Commercial land - Nearly one-acre lot with commercial or residential zoning, including a concrete-slab home and fenced yard.

Where is this commercial land located?

The property is located at 9 Nicholes ST Central City, AR.

What is the asking price?

The asking price for this property is $199,000.

What are key features of this property?

This property features: Almost 1‑acre property on Hwy 22 with zoning that can be commercial or residential; Highway‑fronted location with 11,000–16,000 cars passing by per day; Existing home features 3 bedrooms, 2 bathrooms, and a kitchen open to the main living area