Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Construction Commercial Building on Highway Title is generated by Realmo AI

    1005 Bloomington Street, Lowell, AR 72745

    View on Map
    Claim this Listing
    For Sale
    $2,200,000

    SINGLE_FAMILY - Lowell, AR

    Type:Retail
    Property size:
    10,550 SF
    Lot size:
    1.44 Acres
    Price / SF:
    $208/SF
    Added:
    Jan 16, 2025
    Days on Market:
    492
    Last Refresh:
    May 23 at 5:06 am

    Property Features for 1005 Bloomington Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Property condition
    Under Construction
    Parking
    26
    Standard status
    Active
    APN
    12-00352-000
    Size
    10,550 SF
    Lot size
    1.44 Acres

    Taxes and HOA fees

    Tax Description
    STR 36-19-30

    Utilities

    Water source
    Public

    Building Details

    Year built
    2024
    Building materials
    MetalSiding
    Roof type
    Metal

    We can help!

    Listing Contact
    Bob Orband

    Listing agent Bob Orband License #SA00061791

    Listing office Lindsey & Assoc Inc Branch 3801 W Walnut, AR

    Listing date Jan 16, 2025

    MLS# 1296313

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Hwy 71B/Bloomington with 20,000+ vehicles per day.
    • New construction (2024) commercial building.
    • Includes an additional empty lot for expansion, parking, or future development on 1.44 acres.
    • Excellent visibility and access.
    • Minutes from JB Hunt HQ, I‑49, and downtown Rogers.
    • Features 5 sections, each with 12' roll‑up doors (Section A has two).

    Overview

    This new construction commercial building is located on high-traffic Hwy 71B/Bloomington, which sees approximately 20,000+ vehicles per day. The property is situated on approximately 1.44 acres and includes an additional empty lot next to the building, offering flexibility for expansion, parking, or future development. The building features 5 sections, each measuring 30' x 70', with 12' roll-up doors on each section. Section A includes two 12' roll-up doors. The property offers excellent visibility and access and is located just minutes from JB Hunt HQ, I-49, and downtown Rogers. The building has a property size of 10550 square feet.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.33M
    NOI $120,018 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.71M
    NOI $120,018 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.40M
    NOI $120,018 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Retail

    Component $ $/SF
    Gross rent $183.6k $17.40
    − Vacancy −$12.1k −$1.15
    EGI $171.5k $16.25
    − OpEx −$51.4k −$4.88
    NOI $120.0k $11.38
    10,550 SF · lease $17.40/SF/yr · vacancy 6.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.71M
    $1.50M – $2.00M (±1% cap)
    NOI $120,018 @ 7.0% cap · market cap 5.46%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.90M
    $2.54M – $3.38M (±1% cap)
    NOI $202,945 @ 7.0% cap · market cap 9.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Benton
    State
    Arkansas
    Longitude
    -94.135163
    Latitude
    36.270832

    Nearby Similar for Sale

    • $530,800
      2,976 SF

      Updated Duplex in Lowell, AR

      Updated side-by-side duplex ideal for owner-occupancy or investment.
      118 Fox Run Place, Lowell, AR 72745
      View Details
    • $10,500,000
      40,000 SF

      Lowell Commercial Property For Sale

      40,000 SF building on 4.98 acres in Lowell, Arkansas.
      519 Latham Drive, Lowell, AR 72745
      View Details
    • $585,000
      1,104 SF

      Retail Space with High Traffic

      Commercial retail space with high traffic and business potential.
      209 N Bloomington Street, Lowell, AR 72745
      View Details
    • Contact for pricing
      2,000 SF

      Lowell Business Center For Sale

      Strategically located business hub in Northwest Arkansas's growing economic corridor.
      506 Enterprise Dr, Lowell, AR 72745
      View Details
    • $325,000
      2,664 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage, suitable for various businesses.
      719 Old Wire Road, Lowell, AR 72745
      View Details
    • $2,357,520
      10,716 SF

      Lowell Industrial Building For Sale

      Industrial building in Lowell, Arkansas, available for sale.
      212 Presidential Drive, Lowell, AR 72745
      View Details
    • $10,500,000
      40,000 SF

      Lowell Commercial Property for Sale

      Commercial property at Latham Drive and S Dixieland St intersection.
      519 Latham Drive, Lowell, AR 72745
      View Details
    • $4,358,200
      24,149 SF

      Two-Story Office Building For Sale

      Class B office building with conversion potential on 4.8 acres.
      200 Parkwood St, Lowell, AR
      View Details

    FAQs

    What type of property is this?
    Retail space - New commercial building on high-traffic highway with expansion potential.
    Where is this retail space located?
    The property is located at 1005 Bloomington Street Lowell, AR.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: High‑traffic location on Hwy 71B/Bloomington with 20,000+ vehicles per day.; New construction (2024) commercial building.; Includes an additional empty lot for expansion, parking, or future development on 1.44 acres.
    (479) 659-1804
    We can help!
    Listing Contact
    Bob Orband
    Real Estate License ID: SA00061791
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1005 Bloomington Street, Lowell, AR 72745
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!