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    115 MAIN STREET Calico Rock, AR 72519

    View on Map
    For Sale
    $136,900

    Business & Real Estate - Calico Rock, AR

    Property size:
    1,240 SF
    Added:
    Nov 26, 2024
    Days on Market:
    491
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 115 MAIN STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Bathrooms
    1
    Rooms
    Basement, Bathroom 1
    Interior features
    Extra Storage, Prvate Bathrooms, Showroom
    Exterior features
    Highway Frontage
    Basement Y/N
    1
    Standard status
    Active
    Size
    1,240 SF

    Taxes and HOA fees

    TaxYear
    2023
    TaxAnnualAmount
    440.26

    Utilities

    Heating system
    Natural Gas, Wall Furnace
    Cooling system
    Electric, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1970
    Building materials
    Stone
    Architectural style
    Other

    We can help!

    Listing Contact
    DONALD BURNS
    DONALD BURNS

    Listing agent DONALD BURNS

    Listing office CENTURY 21 LeMAC EAST 40 PLAZA WAY, SUITE 180, Mountain Home, AR

    Listing date Nov 26, 2024

    MLS# 130201 Listing URL

    Copyright © 2026 North Central Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Calico Rock Commercial Opportunity

    Located at 115 Main Street in Calico Rock, Arkansas, this commercial property presents an opportunity for various business ventures. The historic rock building, encompassing 1,240 square feet, is situated on a state highway, providing visibility and accessibility. Its location, one block from the White River, attracts locals, tourists, anglers, and outdoor enthusiasts. The property is zoned C-1, allowing for diverse commercial uses such as retail, dining, or offices. Currently operating as an ice cream parlor, the property offers a turnkey opportunity. The building's architecture and proximity to the White River contribute to consistent foot traffic throughout the year. This property in the Ozark town of Calico Rock offers a central location and potential for business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CC's Sweet Memories Grocery & Convenience Store Curious Craftsman &.CCs ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Similar Places Nearby

    • HartsCottage Flowers and gifts — 202 Main St, Calico Rock, AR 72519

    Location Insight

    • Map
    • Local Demand
    City
    Calico Rock
    County
    Izard
    State
    Arkansas
    Longitude
    -92.14307
    Latitude
    36.118355

    Nearby Similar for Sale

    • $145,000
      600 SF

      Calico Rock Commercial Building For Sale

      Commercial building with highway frontage and business potential in Calico Rock.
      823 Highway 56, Calico Rock, AR 72519
      View Details
    • $179,000
      3,838 SF

      Historic Building in Calico Rock

      Historic mixed-use building with retail and residential potential.
      100 Main Street, Calico Rock, AR 72519
      View Details
    • $275,000

      Historic Calico Rock Commercial Property

      Renovated commercial property in historic district, near White River.
      131 MAIN STREET, Calico Rock, AR 72519
      View Details
    • $189,000
      2,604 SF

      Calico Rock Commercial Property

      2,604 sq. ft. commercial building in Calico Rock, Arkansas.
      117 MAIN STREET, Calico Rock, AR 72519
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic building near White River, ideal for various businesses.
    Where is this storefront property located?
    The property is located at 115 MAIN STREET Calico Rock, AR.
    What is the asking price?
    The asking price for this property is $136,900.
    What are key features of this property?
    This property features: Prime location on a state highway with high visibility and accessibility.; Located one block from the White River, attracting tourists, anglers, and outdoor enthusiasts.; Historic 1,240 sq. ft. rock building with unique architectural character.
    (417) 593-0211
    We can help!
    Listing Contact
    DONALD BURNS
    DONALD BURNS
    Learn More
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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.

    More about this property
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