Mixed-Zoned Land
For Sale
$175,000
9709 Hwy 107, Sherwood, AR 72120
Commercial / Industrial, Sherwood, AR
Property Size1,251 SF
Lot Size1.06 Acres
Price / SF$139.89
Days on Market523
Property Features for 9709 Hwy 107
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
North from Kiehl on Hwy 107 property on left
Subdivision
SHERWOOD
Standard status
Active
Size
1,251 SF
Lot size
1.06 Acres
Taxes and HOA fees
Tax Description
Sylvan Hills N 1/2 of 7 9
Tax Annual Amount
599
Legal Description
Sylvan Hills N 1/2 of 7 9
Building Details
Year built
1938
Floors in Building
1
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 812-3500
Listed By:
Jeff Whitby
(501) 744-2112
Added: May 18, 2025
Changed: Oct 6
Last Checked: Oct 22 at 1:06AM
MLS# 25019758
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.
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Investment Insights
Based on property information with market context.
This mixed-zoned land parcel totals 1.06 acres and is configured with the front 1/2 acre zoned for office use and the rear 1/2 acre zoned for residential use. A home on the property is included in the sale and is being offered “AS-IS, WHERE IS.” The home is listed with a property size of 1,251 square feet.
The property is located at 9709 Hwy 107 in Sherwood, Arkansas 72120-2638, within Pulaski County. The listing does not provide additional details on access, utilities, or specific frontage, so buyers should confirm all operational considerations during due diligence.
The property is located at 9709 Hwy 107 in Sherwood, Arkansas 72120-2638, within Pulaski County. The listing does not provide additional details on access, utilities, or specific frontage, so buyers should confirm all operational considerations during due diligence.
Key Highlights
- Home built in 1938
- 1/2 acre front portion zoned office
- Rear 1/2 acre zoned residential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,653
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,060
$233.1K
Cap Rate 7%
$166,471
$166.5K
Cap Rate 9%
$129,478
$129.5K
Market Conditions
NOI Build-Up for 1,251 SF
Gross rent
$20.3K $16.20/SF
− Vacancy
−$1.6K −$1.30/SF
EGI
$18.6K $14.90/SF
− OpEx
−$7.0K −$5.59/SF
NOI
$11.7K $9.32/SF
Area
Pulaski County, AR
Vacancy
8.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,060
Cap Rate 7%
$166,471
Cap Rate 9%
$129,478
Alternative Uses
Best Use
Mixed Use
$166.5K
$145.7K – $194.2K
NOI $11,653 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$134.4K
$117.6K – $156.9K
NOI $9,411 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$238.6K
$208.8K – $278.4K
NOI $16,704 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
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Business Placement
Demographics for 72120, AR
34,784
Population
15,216
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
95%
High-School Grad
54.2 sq mi
ZIP Area
642
Density / Sq Mi
$75,853
Median Household Income
$48,453
Median Earnings
$1,026
Median Rent
$189,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Parcel includes front acreage zoned office and rear acreage zoned residential, with the home sold as-is.
Where is this mixed-use property located?
The property is located at 9709 Hwy 107 Sherwood, AR.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Home built in 1938; 1/2 acre front portion zoned office; Rear 1/2 acre zoned residential
