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    The Largest CRE Database in the US with Over 1 Million Listings

    Chris Abington, Russellville, AR

    License ID: PB00051512
    Years of Experience
    24
    Association
    Russellville Board Of Realtors

    Service Locations

    Contact details

    Phone:
    (479) 968-6260
    Office Address:
    800 East Main, Russellville, AR

    Property Types

    • Commercial Sale
    • Land
    • Residential Multi Family

    Performance

    Listings
    18
    Total transactions
    134
    Total transactions amount
    $38M
    Price range
    $19k - 650k
    Average price
    $284k

    Listings

    For Sale (17)

    View map
    • $1,200,000
      12,000 SF

      Russellville Retail/Medical Investment Opportunity

      Well-maintained commercial complex in high-traffic area, ideal for investors.
      2621 W Main St, Russellville, AR 72801
      View Details
    • $375,000
      1,684 SF

      Russellville Retail Redevelopment Opportunity

      Prime location near downtown Russellville, ready for redevelopment.
      203 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $1,750,000
      136.50 Acres

      136 Acres Near Mount Nebo

      136 acres bordering Mount Nebo State Park with development potential.
      Ar 155, Dardanelle, AR 72834
      View Details
    • $742,500
      44.87 Acres

      Expansive Acreage Near Russellville

      44.87 acres offering privacy, open space, and development potential.
      75 Round Rock Rd, Russellville, AR 72802
      View Details
    • $200,000
      0.40 Acres

      Prime Commercial Lot in Russellville

      0.42 acre lot near I-40 in downtown Russellville.
      409 Weir Rd, Russellville, AR 72802
      View Details
    • $1,200,000
      12,400 SF

      West Russellville Commercial Complex

      Well-maintained commercial complex in a high-traffic location.
      2621 W Main St, Russellville, AR 72801
      View Details
    • $375,000
      0.37 Acres

      Prime Location in Downtown Russellville

      Land and building in prime downtown location ready for redevelopment.
      203 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $742,500
      44.87 Acres

      44.87 Acres Near Russellville

      44.87 acres near Russellville, AR, ideal for recreation or development.
      75 Round Rock Rd, Russellville, AR 72802
      View Details
    • $200,000
      0.40 Acres

      Commercial Lot in Russellville, AR

      0.42 acre lot ready for development in downtown Russellville.
      409 Weir Rd, Russellville, AR 72801
      View Details
    • $1,200,000
      9,180 SF

      Pottsville Retail Space For Sale

      9,000+ sq ft retail space in growing Pottsville, Arkansas.
      5395 W Ash St, Pottsville, AR 72858
      View Details
    • $1,200,000
      9,180 SF

      Pottsville Mixed-Use Investment Opportunity

      9,000+ sq ft mixed-use property in Pottsville, Arkansas for sale.
      5395 W Ash St, Pottsville, AR 72858
      View Details
    • $750,000
      3.21 Acres

      Morrilton Commercial Land For Sale

      3.2 acre commercial site in downtown Morrilton, Arkansas.
      Bruce St, Morrilton, AR 72110
      View Details
    • $1,750,000
      136.50 Acres

      136 Acres Near Mount Nebo

      136 acres bordering Mount Nebo State Park and Monument Trail.
      Ar 155, Dardanelle, AR 72834
      View Details
    • $2,650,000
      278.00 Acres

      River Valley Poultry Farm - Arkansas

      278-Acre Farm, Income Producing, Custom Home
      16036 Us Highway 64, Atkins, AR 72823
      View Details
    • $265,000
      0.42 Acres

      Russellville Commercial Land - Weir Rd

      Prime 0.42-acre lot, ideal for mixed-use development.
      409 Weir Rd, Russellville, AR 72802
      View Details
    • $750,000
      3.00 Acres

      Prime Morrilton Commercial Land

      3 Acres, B-3 Zoning, High Traffic
      0 Bruce St, Morrilton, AR 72110
      View Details
    • $410,000
      5,800 SF

      Russellville Creative Office Space

      $410K Mixed-Use Office & Warehouse
      110 Modesto Ave, Russellville, AR 72801
      View Details

    For Lease (1)

    View map
    • $10 SF/Yr
      9,300 SF

      Russellville Medical Office Space

      Prime 6,000 sq ft office, fully customizable.
      3209 Main Pl, Russellville, AR 72801
      View Details

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    Chris Abington, Russellville, AR
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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.

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    Chris Abington, Russellville, AR
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