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

    248 Main St Farmington, AR 72730

    View on Map
    Sponsored
    For Sale
    $649,900

    Other - Farmington, AR

    Property size:
    1,015 SF
    Lot size:
    0.53 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 23 at 10:06 am

    Property Features for 248 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    760-00978-000
    Size
    1,015 SF
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1957
    Flooring type
    Vinyl, Wood
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    James Gibson

    Gibson Real Estate

    Listing agent James Gibson

    Listing date Mar 21, 2026

    MLS# 1340066 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

    Prime Commercial Land Opportunity

    This property presents an opportunity to own a commercial tract of land in Farmington. Alternatively, the existing house could be utilized as an office or small retail space. The property adjoins Farmington Schools property and benefits from traffic of over 29,000 vehicles per day, making it suitable for development. It is located at the intersection of Main Street and a road leading to the new high school. The property encompasses 0.5308 acres. The existing structure has a size of 1015 square feet. Additional land may be available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Farmington
    County
    Washington
    State
    Arkansas
    Longitude
    -94.2517323
    Latitude
    36.0407238

    Nearby Similar for Sale

    • $415,000
      1,933 SF

      Historic Farmington Commercial Property

      Remodeled historic building with flexible commercial and live/work potential.
      9 Locust Ave, Farmington, AR 72730
      View Details
    • Contact for pricing
      1,091 SF

      Farmington Office Space For Sale

      Professional office space in Bristol Commons, Farmington, AR.
      140 Southwinds Rd, Farmington, AR 72730
      View Details
    • New
      Contact for pricing
      5,400 SF

      Farmington Warehouse with Fenced Lot

      Warehouse on corner lot with high traffic flow and fenced yard.
      290 Main St, Farmington, AR 72730
      View Details
    • $449,000
      3,292 SF

      Spacious Brick Duplex in Farmington

      All-brick duplex with 3-bedroom units and 2-car garages.
      75 W Dakota Trl, Farmington, AR 72730
      View Details
    • Contact for pricing
      4,000 SF

      Farmington Warehouse with Yard Space

      Flex warehouse space featuring roll-up doors and yard.
      12329 Three Elms Rd, Farmington, AR 72730
      View Details
    • Contact for pricing
      4,000 SF

      Farmington Warehouse with Shop Building

      Commercial shop building in Farmington with many opportunities.
      12331 Three Elms Rd, Farmington, AR 72730
      View Details
    • $4,750,000
      2,276 SF

      High-Grossing Chicken Farm in AR

      Profitable poultry operation near U of A.
      12470 Jim Devault Rd, Farmington, AR 72730
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for development or existing house for office/retail.
    Where is this commercial land located?
    The property is located at 248 Main St Farmington, AR.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Prime commercial land with high traffic (29,000 VPD); - Adjoins Farmington Schools property; - Located at the intersection of Main St and Southwards Road (access to new high school)
    (479) 313-6863
    Request Owner's contact information
    248 Main St Farmington, AR 72730
    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.
    248 Main St
    Farmington, AR 72730
    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
    248 Main St Farmington, AR 72730
    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
    James Gibson
    Real Estate License ID: PB00053793
    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!