THE PALACE AND ROBER | 224 W South St
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THE PALACE AND ROBER 224 W South St
18,000 SF 100% Leased Retail Building Benton, AR 72015 $3,968,916 CAD ($220 CAD/SF) 7.64% Cap Rate
Executive Summary
TWO FULLY REMODELED BUILDINGS WITH 100% OCCUPANCY IN THRIVING DOWNTOWN BENTON
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$374,212
|
$20.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$374,212
|
$20.79
|
| Taxes |
$17,010
|
$0.94
|
| Operating Expenses |
$39,689
|
$2.20
|
| Total Expenses |
$56,699
|
$3.15
|
| Net Operating Income |
$317,513
|
$17.64
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $374,212 |
| Annual Per SF | $20.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $374,212 |
| Annual Per SF | $20.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,010 |
| Annual Per SF | $0.94 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $39,689 |
| Annual Per SF | $2.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $56,699 |
| Annual Per SF | $3.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $317,513 |
| Annual Per SF | $17.64 |
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront
Building Size
18,000 SF
Building Class
C
Year Built
1919
Price
$3,968,916 CAD
Price Per SF
$220 CAD
Cap Rate
7.64%
NOI
$303,339 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.30
Lot Size
0.18 AC
Parking
12 Spaces (0.67 Spaces per 1,000 SF Leased)
Frontage
95 ft on South St
Amenities
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 805-17810-000 | Total Assessment | $372,342 CAD (2024) |
| Land Assessment | $5,485 CAD (2024) | Annual Taxes | $17,010 CAD ($0.94 CAD/SF) |
| Improvements Assessment | $366,857 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
805-17810-000
Land Assessment
$5,485 CAD (2024)
Improvements Assessment
$366,857 CAD (2024)
Total Assessment
$372,342 CAD (2024)
Annual Taxes
$17,010 CAD ($0.94 CAD/SF)
Tax Year
2023
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THE PALACE AND ROBER | 224 W South St
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