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    1211 Janet Dr Searcy, AR 72143
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    1211 Janet Dr Searcy, AR 72143

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    • Lifestyle centers
    • 43,560 SF
    • 1.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1211 Janet Dr

    Lot size
    1.00 lot acres
    Property size
    43,560 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional investment opportunity presents outparcels within the thriving Searcy City Center, located at 1211 Janet Dr, Searcy, AR 72143. The property boasts a prime location at the intersection of Janet Drive and Beebe Capps Expressway (State Hwy 67/167), benefiting from high visibility and accessibility. The center is anchored by national retailers including Hobby Lobby, TJ Maxx, Ulta, Shoe Dept, Five Below, and Old Navy, ensuring a strong existing customer base. Additional nearby employers such as Harding University, Unity Health, and Walmart & Sam's Distribution Centers further contribute to the area's robust economic activity. The outparcels offer a build-to-suit opportunity, with the flexibility to subdivide lots to accommodate various development needs. The site features three ingress/egress points, enhancing convenience and traffic flow. The land is zoned C-3, allowing for a variety of retail uses. Available land sizes range from 1 to 2 acres, with a price per square foot ranging from $14 to $16. The existing shopping center totals 43,560 to 87,120 square feet and currently enjoys 85% occupancy. With Academy Sports soon to open, this property offers a unique chance to capitalize on Searcy's continued growth and become part of a thriving retail community. This is a multi-tenant, NNN lease property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.7054
    Latitude
    35.2379

    Comparable in this City

    • Value Estimation by Request

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      2677 Ar-267

      Restaurants • 10,640 SF
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      2221 Beebe Capps Expy

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    • Value Estimation
      $1,375,000
      79,336 SF

      301 Poplar St

      MINI-MALL • 79,336 SF
      301 Poplar St, Searcy, AR 72143-6007
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    • Value Estimation
      $770,000
      29,058 SF

      1201 Beebe Capps Expy

      MINI-MALL • 29,058 SF
      1201 Beebe Capps Expy, Searcy, AR 72143-5179
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    • Value Estimation by Request
      21,680 SF

      1525 Race Ave

      SHOPPING CENTER, STRIP CENTER • 21,680 SF
      1525 Race Ave, Searcy, AR 72143-4661
      View Details

    Similar Nearby for Sale

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      Established Restaurant Near Highway 57

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      Searcy Commercial Lot on Highway

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      Retail Property on Beebe Capps

      Retail property for sale on West Beebe Capps Expressway.
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      High-visibility retail space for sale on W Beebe Capps Expressway.
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    Similar Nearby for Lease

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      15,000 SF

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease with C-3 zoning.
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      Premier Retail Space in Searcy

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      Searcy Retail/Office Space Available

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      Large Commercial Shop

      Large Industrial/Commercial Shop for Lease (Right off interstate)
      2100 E Booth Rd, Searcy, AR 72143
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    Searcy, AR 72143
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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