217 W Main St
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217 W Main St
2,150 SF Retail Building Heber Springs, AR 72543 $109,900 ($51/SF) 8.25% Cap Rate
Investment Highlights
- Heavy Daytime Foot Traffic
- High Traffic Count
- Main Street Frontage
Executive Summary
This property is currently leased and cash flowing $9,000/annually. There is room for the rent to be increased slightly. The building interior has not been renovated, but the exterior has been painted, new awning installed, and a new TPO roof installed. The property can be purchased in combination with 213 West Main Street, or stand alone.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,150 SF
Building Class
C
Year Built
1962
Price
$109,900
Price Per SF
$51
Cap Rate
8.25%
NOI
$9,064
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.09 AC
Zoning
C-1 - Main Street Frontage, Commercial Zoned C-1
Parking
3 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
51 FT on W Main St
Amenities
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 300-00199-000-C | Total Assessment | $24,714 (2024) |
| Land Assessment | $2,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $22,714 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
300-00199-000-C
Land Assessment
$2,000 (2024)
Improvements Assessment
$22,714 (2024)
Total Assessment
$24,714 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023 Payable 2024
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217 W Main St
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