Two-Unit Storefront
For Sale
$165,000
918 E Race, Searcy, AR 72143
Two-unit commercial building with a kitchen and bathroom in each unit.
Property Size1,260 SF
Lot Size0.34 Acres
Price / SF$130.95
Days on Market48
Property Features for 918 E Race
General Information
Standard status
Active
Size
1,260 SF
Lot size
0.34 Acres
Site & Location
Corner Location
Yes
Road Access
Yes
Outdoor Storage
Yes
Building Details
Year Built
1928
Buildings
1
Listing Agency:
RE/MAX Advantage
Listed By:
Stuart Greer · License #17
(501) 281-6338
Source:
Pcsingtolittlerock
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 7 at 2:59PM
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 RE/MAX Advantage
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this 1,260-square-foot storefront property is configured as two separate units. Each unit includes its own kitchen and bathroom, providing a practical layout for distinct commercial occupants or uses.
The building sits on a corner parcel at Race and Walnut. The lot measures approximately 150 x 100, offering a substantial outdoor area alongside the existing structure. The property has also operated as a car lot for nearly 20 years.
The building sits on a corner parcel at Race and Walnut. The lot measures approximately 150 x 100, offering a substantial outdoor area alongside the existing structure. The property has also operated as a car lot for nearly 20 years.
Key Highlights
- Two‑unit storefront building with 1,260 square feet
- Each unit includes a kitchen and bathroom
- Corner location at Race and Walnut
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,949
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,980
$199.0K
Cap Rate 7%
$142,129
$142.1K
Cap Rate 9%
$110,544
$110.5K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$15.1K $12.00/SF
− Vacancy
−$907 −$0.72/SF
EGI
$14.2K $11.28/SF
− OpEx
−$4.3K −$3.38/SF
NOI
$9.9K $7.90/SF
Area
White County, AR
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,980
Cap Rate 7%
$142,129
Cap Rate 9%
$110,544
Alternative Uses
Best Use
Retail
$142.1K
$124.4K – $165.8K
NOI $9,949 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$67.7K
$59.3K – $79.0K
NOI $4,742 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$230.4K
$201.6K – $268.8K
NOI $16,130 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72143, AR
35,111
Population
14,948
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
89%
High-School Grad
302.1 sq mi
ZIP Area
116
Density / Sq Mi
$55,522
Median Household Income
$33,315
Median Earnings
$851
Median Rent
$176,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - Two-unit commercial building with a kitchen and bathroom in each unit.
Where is this storefront property located?
The property is located at 918 E Race Searcy, AR.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑unit storefront building with 1,260 square feet; Each unit includes a kitchen and bathroom; Corner location at Race and Walnut
