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    Property profile & analytics
    FOR SALE
    Strip malls

    1507 E Race Ave, Searcy, AR 72143

    10,000 SF 0.6 ac lot Built 1998
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1950325
    Property summary
    AI-generated overview

    This exceptional 10,000 square foot multi-tenant office building presents a compelling value-add investment opportunity in Searcy, Arkansas. Currently 66% occupied, the property features 3,450 square feet of immediately available space, complemented by existing leases with established tenants, including State Farm and Restore Hope. The building boasts 14 private offices, a spacious reception and waiting area, ample storage including a dedicated server/file room, and convenient on-site parking. Its prime location on East Race Avenue offers excellent visibility and accessibility, situated near Harding University, downtown Searcy, and numerous restaurants and businesses. The flexible layout allows for customization to suit various business needs, making it ideal for both established companies seeking expansion and new ventures seeking a well-appointed space. This triple-net (NNN) leased property offers a strong potential for increased occupancy and rental income, representing a significant opportunity for investors seeking a stable and growing asset in a thriving Arkansas community. The property's versatile design, coupled with its strategic location, makes it an attractive option for a wide range of businesses, from medical practices to traditional offices and counseling services. This is a rare chance to acquire a well-maintained, high-traffic office building in a desirable area of Searcy.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1998
    Total area 10,000 SF
    Lot 0.6 ac (26,136 SF)
    APN 016-03041-000
    UPID US05-1950325
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Re/Max Advantage: Laws Eddie Real Estate Agency
    • ATM (Regions Bank) Atm
    • Families Inc Family Counselor
    • Leah Norton Foster Care Service Social Service Agency
    • Brian Mcglenn Counselor Social Worker
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
    by Request
    Owner & transaction history
    E C E INC · 15 yrs held
    E C E INC
    since 2011
    4 recorded transactions
    2011
    $23,216
    2011
    2006
    $75,000
    2005
    $15,067
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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