Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1615 Arkansas Ave Russellville, AR 72801

    View on Map
    Sponsored
    For Sale
    $219,000

    Office - Russellville, AR

    Type:Office
    Property size:
    2,702 SF
    Lot size:
    0.30 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 23 at 3:06 pm

    Property Features for 1615 Arkansas Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    774-00002-000C
    Size
    2,702 SF
    Lot size
    0.30 Acres

    Building Details

    Year built
    1942
    Architectural style
    Other

    We can help!

    Listing Contact
    Boyd Osborne

    Arkansas Real Estate Collective

    Listing agent Boyd Osborne

    Listing date Mar 23, 2026

    MLS# 1340055 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property, Russellville

    This commercial property is located in a high-traffic area, offering visibility and accessibility. The property, previously operated as a tattoo studio and salon, is suited for various business opportunities. The flexible layout and established location support retail, office, or service-based use. The lot size is 0.3 acres, and the property size is 2702 square feet. The property is located in Russellville, AR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.13396
    Latitude
    35.263233

    Nearby Similar for Sale

    • $645,000
      3,678 SF

      Versatile Commercial Property on West Main

      Prime office space with great visibility and convenient access.
      2802 W Main St, Russellville, AR 72801
      View Details
    • $325,000
      1,881 SF

      Medical/Dental Office Near Hospital

      Well-maintained medical/dental office near St. Mary’s Hospital.
      1501 W C St, Russellville, AR 72801
      View Details
    • $695,000
      5,000 SF

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business for sale in prime location.
      718 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $890,000
      18,500 SF

      Russellville Commercial Building with Land

      Versatile commercial building with showroom, offices, and potential uses.
      502 E 4Th St, Russellville, AR 72801
      View Details
    • $500,000
      14,365 SF

      Retail Property in Russellville, AR

      Retail property with stable tenants, located near central Russellville.
      512 S Arkansas Ave, Russellville, AR 72801
      View Details
    • New
      $499,000
      8,000 SF

      Russellville Retail Opportunity on Arkansas

      8,000 sq ft building plus vacant lot for sale.
      1600 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $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
    • $525,000
      3,375 SF

      Russellville Office Building For Sale

      Centrally located commercial space near ATU, I-40, and Downtown.
      1111 N Arkansas Ave, Russellville, AR 72801
      View Details
    • $525,000
      4,916 SF

      Highway Commercial Property For Sale

      1.7 acre commercial property with existing structure in Russellville.
      2807 N Arkansas Ave, Russellville, AR 72802
      View Details
    • $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
    • $890,000
      18,500 SF

      Russellville Commercial Property on 4th

      Commercial property with offices, apartment, loading dock, and expansion potential.
      502 E 4Th St, 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

    FAQs

    What type of property is this?
    Office units - High-traffic location, previously tattoo studio and salon, flexible space.
    Where is this office units located?
    The property is located at 1615 Arkansas Ave Russellville, AR.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: - High-traffic location with excellent visibility and accessibility; - Versatile space suitable for retail, office, or service-based businesses; - Previously operated as a tattoo studio and salon
    (479) 280-1999
    Request Owner's contact information
    1615 Arkansas Ave Russellville, AR 72801
    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.
    1615 Arkansas Ave
    Russellville, AR 72801
    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
    1615 Arkansas Ave Russellville, AR 72801
    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
    Boyd Osborne
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!