Two-Level Mixed-Use
For Sale
$725,000
9 Shafer St, Marion, AR 72364
C-1 zoning accommodates neighborhood retail, professional offices, personal services, studios, and mixed-use occupancy.
Property Size2,886 SF
Price / SF$251.21
Days on Market49
Property Features for 9 Shafer St
General Information
Standard status
Active
Size
2,886 SF
Zoning
C-1
Additional Details
Highway Access
Yes
Amenities
covered entry with accessibility ramp
large windows
east-side porch
mature trees
usable outdoor space
Building Details
Year Built
1906
Buildings
1
Stories
2
Listing Agency:
Arkansas Land Company
Listed By:
Kelsey Eskrigge
(870) 635-1923
Source:
Pcsingtolittlerock
Added: Sep 2
Changed: Oct 12
Last Checked: Oct 7 at 1:27PM
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 Arkansas Land Company
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Investment Insights
Based on property information with market context.
This 2,886-square-foot commercial property, built in 1906, offers a two-level layout suited to an owner-user or investment strategy. The first floor includes an open display or reception area, a separate office or display room, a consultation or studio room, two bathrooms, a full kitchen, custom storage shelving, and a utility room. A covered entrance with an accessibility ramp, large windows, mature trees, a porch, and outdoor space add practical usability and character.
The upper level provides a private office, two closets, a restroom, and a large room for inventory or additional office use. Zoned C-1 in a neighborhood and quiet business district, the property is positioned for neighborhood retail, professional office, personal service, studio, or mixed-use occupancy. The site is also convenient to I-55.
The upper level provides a private office, two closets, a restroom, and a large room for inventory or additional office use. Zoned C-1 in a neighborhood and quiet business district, the property is positioned for neighborhood retail, professional office, personal service, studio, or mixed-use occupancy. The site is also convenient to I-55.
Key Highlights
- 2,886‑square‑foot commercial building with a two‑level floor plan
- Built in 1906 with covered entry, accessibility ramp, large windows, and outdoor space
- First floor includes open display area, private room, studio or consultation room, kitchen, utility room, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,709
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,180
$554.2K
Cap Rate 7%
$395,843
$395.8K
Cap Rate 9%
$307,878
$307.9K
Market Conditions
NOI Build-Up for 2,886 SF
Gross rent
$41.6K $14.40/SF
− Vacancy
−$4.6K −$1.60/SF
EGI
$36.9K $12.80/SF
− OpEx
−$9.2K −$3.20/SF
NOI
$27.7K $9.60/SF
Area
Crittenden County, AR
Vacancy
11.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$554,180
Cap Rate 7%
$395,843
Cap Rate 9%
$307,878
Alternative Uses
Best Use
Office B
$395.8K
$346.4K – $461.8K
NOI $27,709 @ 7.0% cap · market cap 3.82%
Second Best
Retail
$325.5K
$284.9K – $379.8K
NOI $22,788 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$527.8K
$461.8K – $615.8K
NOI $36,945 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
Demographics for 72364, AR
16,394
Population
6,415
Households
2.6
Avg Household Size
36
Median Age
23%
College-Educated
90%
High-School Grad
80.0 sq mi
ZIP Area
205
Density / Sq Mi
$76,118
Median Household Income
$46,529
Median Earnings
$1,025
Median Rent
$206,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1 zoning accommodates neighborhood retail, professional offices, personal services, studios, and mixed-use occupancy.
Where is this mixed-use property located?
The property is located at 9 Shafer St Marion, AR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,886‑square‑foot commercial building with a two‑level floor plan; Built in 1906 with covered entry, accessibility ramp, large windows, and outdoor space; First floor includes open display area, private room, studio or consultation room, kitchen, utility room, and two bathrooms
