Mixed-Use Cottage with Office
New
For Sale
$750,000
9 shafer Street, Marion, AR 72364
Commercial / Industrial, Bungalow/Cottage, Craftsman, Marion, AR
Property Size2,886 SF
Lot Size0.47 Acres
Price / SF$259.88
Days on Market5
Property Features for 9 shafer Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood Commercial
Parking
11
Interior features
Display Window, Smoke Detector
Exterior features
Partially Fenced, Storage Building, Guttering
Fencing
Partial
Lot features
Corner Lot
Directions
This commercial building is located on the corner of Military Rd & Shafer street in Marion, Arkansas directly across from HCGC Marion Elementary school.
Subdivision
CRITTENDEN COUNTY
Standard status
Active
Size
2,886 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
24-07-08
Tax Annual Amount
4534
Legal Description
24-07-08
Amenities
covered entry with accessibility ramp
large windows
east-side porch
mature trees
usable outdoor space
Building Details
Year built
1906
Floors in Building
2
Flooring type
Wood
Roof type
Shingle
Architectural style
Craftsman, Bungalow
Additional Structures
Storage
Listing Agency:
Arkansas Land Company
(501) 604-4565
Listed By:
Kelsey Eskrigge
(870) 635-1923
Added: Aug 28
Changed: Aug 31
Last Checked: Sep 1 at 6:06PM
MLS# 26035376
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 2,886-square-foot mixed-use commercial cottage occupies a 0.47-acre site and was built in 1906. The Craftsman-style, two-level layout includes a first-floor open display or reception area, additional private rooms, two bathrooms, a full kitchen, utility space, and custom shelving. Upstairs are a large office, two closets, an inventory or secondary office room, and a restroom. Large windows, a covered entry with an accessibility ramp, an east-side porch, mature trees, partially fenced grounds, and a storage building add to the physical offering.
C-1 zoning places the property in a neighborhood and quiet business district and supports neighborhood retail, professional office, personal service, studio, and mixed-use public-space applications as described in the source information. The property is in Marion, within Crittenden County and near I-55. Interior features include display windows, wood flooring, and smoke detectors, while exterior improvements include guttering and partial fencing.
C-1 zoning places the property in a neighborhood and quiet business district and supports neighborhood retail, professional office, personal service, studio, and mixed-use public-space applications as described in the source information. The property is in Marion, within Crittenden County and near I-55. Interior features include display windows, wood flooring, and smoke detectors, while exterior improvements include guttering and partial fencing.
Key Highlights
- 2,886‑square‑foot mixed‑use commercial cottage on 0.47 acres
- C‑1 zoning for neighborhood retail, professional offices, personal services, studios, and mixed‑use public space
- Two‑level plan with offices, display areas, kitchen, three bathrooms, utility room, and storage
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
$27,709
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
3.69%
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%
$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
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
$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 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%
$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 3.69%
Second Best
Retail
$325.5K
$284.9K – $379.8K
NOI $22,788 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$527.8K
$461.8K – $615.8K
NOI $36,945 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Craftsman-style commercial cottage with display areas, offices, kitchen, bathrooms, and a covered accessible entry.
Where is this mixed-use property located?
The property is located at 9 shafer Street Marion, AR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,886‑square‑foot mixed‑use commercial cottage on 0.47 acres; C‑1 zoning for neighborhood retail, professional offices, personal services, studios, and mixed‑use public space; Two‑level plan with offices, display areas, kitchen, three bathrooms, utility room, and storage
