Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1315 E 16Th St Russellville, AR 72802

    Sponsored
    For Sale
    $145,500

    Development Potential - Russellville, AR

    Lot size:
    1.00 Acre
    Days on Market:
    61
    Last Refresh:
    Jan 20 at 9:06 am

    Property Features for 1315 E 16Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    857-10051-000R
    Exterior features
    Fence
    Fencing
    Fenced
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Bearden
    John Bearden

    River Valley Realty, Inc (479) 968-6260

    Listing agent John Bearden (479) 968-6260

    Listing date Nov 21, 2025

    MLS# 1305721 Listing URL

    Copyright © 2026 Northwest Arkansas 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.

    Learn more

    Property Insight Report

    Overview

    Commercial Land in Russellville, AR

    This commercial land is situated in a location suitable for a quiet commercial business. It is located on East 16th Street, across from Hickey Park and near Russellville Senior High School, benefiting from heavy traffic volume. The property includes an old residence that may need to be removed. Additionally, there is a 40 x 30 shop building that could serve as storage or additional office space. The property encompasses 1 acre. An additional acre next door, featuring a 1891 sq ft office or residence, may also be available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.1148
    Latitude
    35.26391

    Nearby Similar for Sale

    • $695,000
      1,660 SF

      Restaurant Building in Prime Location

      High-visibility restaurant with drive-thru near Arkansas Tech University.
      1103 N Arkansas Ave, Russellville, AR 72801
      View Details
    • $2,650,000
      15,280 SF

      Medical/Dental Office in Russellville, AR

      Prime medical/dental office space in Russellville's business district.
      2504 W Main St, Russellville, AR 72801
      View Details
    • $449,900
      4,700 SF

      Russellville Mixed-Use Investment Opportunity

      Leased mixed-use property with expansion potential in Russellville, Arkansas.
      8411 Us 64 Hwy, Russellville, AR 72802
      View Details
    • $400,000
      8,760 SF

      Russellville Multifamily Investment Opportunity

      8-unit complex near Arkansas Tech University with value-add potential.
      920 N Fargo Ave, Russellville, AR 72801
      View Details
    • $645,000
      3,678 SF

      Versatile Office Space on Main

      Prime commercial property with great visibility and convenient access.
      2802 W Main St, Russellville, AR 72801
      View Details
    • $1,369,000
      35,497 SF

      Versatile Commercial Property in Russellville

      Warehouses, mini storage, and office space in Russellville, Arkansas.
      1410 1406 1404 E Second, Russellville, AR 72801
      View Details
    • $1,200,000
      5,272 SF

      Russellville Medical/Dental Office Building

      Office building near Saint Mary's Hospital, suitable for medical or business.
      220 N Phoenix Ave, Russellville, AR 72801
      View Details
    • $1,350,000
      4,064 SF

      Russellville Commercial Building For Sale

      4,064 sq ft commercial building in high-traffic area.
      2711 Parkway Dr E, Russellville, AR 72802
      View Details
    • $350,000
      1,881 SF

      Russellville Medical/Dental Office For Sale

      Well-maintained medical/dental office near St. Mary’s Hospital.
      1501 W C St, Russellville, AR 72801
      View Details
    • $1,650,000
      2,186 SF

      Iconic Restaurant Property Near University

      Prime commercial opportunity in Russellville, across from Arkansas Tech University.
      1410 N Arkansas Ave, Russellville, AR 72801
      View Details
    • $545,000
      2,512 SF

      Versatile Commercial Space with Airbnb

      Commercial property with residential unit near hospital and university.
      1410 W Main St, Russellville, AR 72801
      View Details
    • $360,000
      2,560 SF

      Remodeled Four-Plex in Russellville

      Fully remodeled four-unit property near Arkansas Tech University.
      421 S Glenwood Ave, Russellville, AR 72801
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with development potential in high-traffic area.
    Where is this commercial land located?
    The property is located at 1315 E 16Th St Russellville, AR.
    What is the asking price?
    The asking price for this property is $145,500.
    What are key features of this property?
    This property features: - High-traffic location on East 16th Street, ideal for your commercial business.; - Proximity to Hickey Park and Russellville Senior High School.; - Includes a 40 X 30 shop building, suitable for storage or office space.
    (479) 968-6260
    Request Owner's contact information
    1315 E 16Th St Russellville, AR 72802
    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.
    1315 E 16Th St
    Russellville, AR 72802
    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
    1315 E 16Th St Russellville, AR 72802
    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

    We can help!
    Listing Contact
    John Bearden
    John Bearden
    Real Estate License ID: EB00047763
    (479) 968-6260
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.