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    Property profile & analytics

    209 Bloomington St Lowell, AR 72745

    • Office buildings
    • 1,104 SF
    • 0.37 lot acres
    For Sale
    View listing
    $799,900
    Value Estimations
    Cap Rate Potential
    5.8%
    Office buildings
    Location Intelligence
    Property ID
    US05-0134093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 209 Bloomington St

    Lot size
    0.37 lot acres
    Property size
    1,104 SF
    Property type
    Office buildings
    APN
    12-00114-000
    APU
    1200114000

    Description

    This exceptional commercial property, located at 209 N Bloomington Street in Lowell, Arkansas, presents a unique opportunity for a savvy entrepreneur. Boasting 1,104 square feet of versatile space situated on a 0.37-acre lot, this property is ideally suited for a variety of commercial ventures. The building's layout includes two well-appointed offices, providing ample space for administrative tasks or client meetings. A functional kitchen and two bathrooms add to the property's convenience and practicality. The property's most significant advantage is its prime location, ensuring consistent, high-volume traffic 24/7, providing unparalleled exposure for any business. This translates to a significant potential for success and return on investment. The asking price is $799,900. This is a rare chance to establish a thriving business in a high-demand area. Don't miss this exceptional opportunity to own a piece of Lowell's vibrant commercial landscape. Schedule a viewing today to explore the possibilities. The property is ready for immediate occupancy and offers a blank canvas for your business vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $305,000
      6.5%
      $280,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $226,000
      Market price range: $101k - $261k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1364
    Latitude
    36.2565
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,343
    $13,120
    $12,120
    $25,240
    -
    $65,600
    $60,600
    $126,200

    Comparable in this City

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      $740,000
      122,700 SF

      615 J B Hunt Corporate Dr

      OFFICE BUILDING • 122,700 SF
      615 J B Hunt Corporate Dr, Lowell, AR 72745-9143
      View Details
    • Value Estimation
      $130,000
      7,300 SF

      518 Spg Crk Rd

      OFFICE BUILDING • 7,300 SF
      518 Spg Crk Rd, Lowell, AR 72745-9099
      View Details
    • Value Estimation
      $300,000
      2,140 SF

      108 Washington St

      OFFICE BUILDING • 2,140 SF
      108 Washington St, Lowell, AR 72745-8875
      View Details
    • Value Estimation
      $690,000
      95,718 SF

      913 Monroe Ave

      OFFICE BUILDING • 95,718 SF
      913 Monroe Ave, Lowell, AR 72745-9683
      View Details
    • Value Estimation
      $775,000
      65,200 SF

      211 Commerce Pkwy

      OFFICE BUILDING • 65,200 SF
      211 Commerce Pkwy, Lowell, AR 72745-8066
      View Details
    • Value Estimation
      $315,000
      5,302 SF

      1411 Apple Blossom Ave

      OFFICE BUILDING • 5,302 SF
      1411 Apple Blossom Ave, Lowell, AR 72745
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      20,000 SF

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    • $19 SF/Yr
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      620 Bloomington St

      Distribution properties • 48,000 SF
      620 Bloomington St, Lowell, AR 72745
      View Details
    • $6 SF/Yr
      88,400 SF

      Lowell Warehouse with Office Space

      88,400 SF warehouse with office and storage space available.
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      View Details
    • $14 SF/Yr
      2,809 SF

      Retail Space in Lowell, Arkansas

      Retail space available for lease in Lowell, Arkansas.
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    • $15 SF/Yr
      7,500 SF

      Bloomington Flex Space Available

      Modern flex space, 2,535-7,500 SF. Prime location.
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      View Details
    • $16 SF/Yr
      25,000 SF

      Lowell, AR Warehouse Space Available

      Industrial warehouse space for lease in Lowell, AR.
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      View Details
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    Lowell, AR 72745
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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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