Brookland Mixed-Use Commercial
1 Kreed Lane Brookland, AR 72417
1 Kreed Lane, Brookland, AR, 72417
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For Sale
Contact for pricing
Under construction mixed-use building in high-traffic Brookland location.
Property Size13,450 SF
Price / SF$165.43
Days on Market705
Property Features for 1 Kreed Lane
General Information
- Standard status
- Active
- Size
- 13,450 SF
- Property subtype
- Special Purpose, Land
Listing agency
CENTURY 21 PORTFOLIO
Listed by
Colby Brooks · License #AR
Source
Crexi
Added: Aug 16, 2024 Updated: Jul 10 at 3:43PM Checked: Jul 19 at 8:24AM
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 CENTURY 21 PORTFOLIO
Investment Insights
Based on property information with market context.
This mixed-use commercial building is currently under construction in Brookland, Arkansas. The property features 10 units and offers an abundance of parking. Situated in a high-traffic area, the location provides great visibility with entrances from 49N and North Oak Street. The property's size is 13,450 square feet. Units are also available for lease.
Key Highlights
- 10‑unit commercial building in a high‑traffic, desired location
- Great visibility with entrances from 49N and North Oak Street
- Abundance of parking
Local Financial Insights For Mixed Use
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 | $177.5k | $13.20 |
| − Vacancy | −$14.2k | −$1.06 |
| EGI | $163.3k | $12.14 |
| − OpEx | −$61.3k | −$4.55 |
| NOI | $102.1k | $7.59 |
13,450 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.46M
$1.28M – $1.70M
NOI $102,086 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.75M
NOI $164,832 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Under construction mixed-use building in high-traffic Brookland location.
Where is this mixed-use property located?
The property is located at 1 Kreed Lane Brookland, AR.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 10‑unit commercial building in a high‑traffic, desired location; Great visibility with entrances from 49N and North Oak Street; Abundance of parking
