3101 Market St, Pine Bluff, AR 71601
Retail space near Saracen Casino Resort, Pines Mall, and hotels.
- Added:
- Oct 21, 2021
- Days on Market:
- 1720
- Last Refresh:
- Jul 5 at 6:46 am
Property Features for 3101 Market St
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Retail
Listing office Kelley Commercial Partners
Listing date Oct 21, 2021
Source Crexi
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 Kelley Commercial Partners
HighLights
- Excellent location near Saracen Casino Resort, Pines Mall, hotels, offices, residential areas, & public schools.
- Zoned B‑3 - Highway Commercial, allowing for restaurant, entertainment, QSR, medical, retail or office uses.
- FF&E including walk‑in refrigerator/freezer and dining package for 60 people convey with property.
- Located on a corner lot of Market Street & River Pines Drive.
- Ideal location and opportunity for a QSR.
- Near the signalized intersection of Martha Mitchell Freeway (US Hwy 65B) & Market Street.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.8k | $18.00 |
| − Vacancy | −$2.5k | −$1.19 |
| EGI | $35.3k | $16.81 |
| − OpEx | −$8.8k | −$4.20 |
| NOI | $26.5k | $12.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Pine Bluff
- County
- Jefferson
- State
- Arkansas
- Longitude
- -91.966828
- Latitude
- 34.213396
