Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2700 McMillan Drive Springdale, AR 72762

    View on Map
    Claim this Listing
    For Sale
    $425,000

    MULTI_FAMILY - Springdale, AR

    Property size:
    2,048 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $207/SF
    Added:
    Nov 13, 2025
    Days on Market:
    175
    Last Refresh:
    May 7 at 6:06 pm

    Property Features for 2700 McMillan Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 1
    Parking features
    Open
    Exterior features
    ConcreteDriveway
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    815-21803-000
    Size
    2,048 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Description
    On File
    Tax Annual Amount
    2760

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brandi Graham
    Brandi Graham

    Listing agent Brandi Graham License #SA00091443

    Listing office Red Box Realty 3300 S 27th St, Springdale, AR

    Listing date Nov 13, 2025

    MLS# 1328477 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.

    HighLights

    • Tenant occupied (currently leased)
    • Close to JB Hunt Park
    • Across the street from Central Jr High
    • Close to Shopping
    • Central Heating and Central Air
    • Concrete Driveway

    Overview

    Springdale Multifamily Investment Opportunity

    This multifamily property is located in Springdale, Arkansas. The property has a size of 2048 square feet and sits on a lot of 0.303 acres. The property is across the street from Central Jr High and close to JB Hunt Park and shopping. The units are currently leased and tenant occupied.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.161089
    Latitude
    36.188529

    Nearby Similar for Sale

    • $599,000
      2,700 SF

      Updated Commercial Property in Springdale

      2,700 SF commercial space with recent updates and parking.
      800 Highland Avenue, Springdale, AR 72764
      View Details
    • $1,250,000
      5,000 SF

      Retail Investment Opportunity in Springdale

      Value-add retail property on high-traffic road in Springdale, AR.
      274 E Robinson Avenue, Springdale, AR 72764
      View Details
    • $1,898,000
      12,971 SF

      Fully Leased Shopping Plaza Investment

      Established shopping plaza in high-traffic area, a stable investment.
      1039 S Gutensohn Road, Springdale, AR 72762
      View Details
    • $635,000
      3,660 SF

      Springdale Fourplex Investment Opportunity

      Turnkey, cash-flowing fourplex in Springdale's high-demand rental corridor.
      815 Pleasant Street, Springdale, AR 72764
      View Details
    • $450,000
      2,836 SF

      Well-Maintained Duplex in Springdale, AR

      Turn-key duplex with modern updates and strong rental history.
      4159 Nightingale Lane, Springdale, AR 72762
      View Details
    • $1,125,000
      3,575 SF

      Turnkey Restaurant Opportunity in Springdale

      Well-equipped restaurant with outdoor dining and parking in prime location.
      414 Holcomb Street, Springdale, AR 72764
      View Details
    • $299,762
      996 SF

      Downtown Springdale Versatile Commercial Property

      Versatile commercial space in historic downtown Springdale, Arkansas.
      311 S Main Street, Springdale, AR 72764
      View Details
    • $2,000,000
      20,220 SF

      Springdale Commercial Investment Opportunity

      Versatile commercial property with multiple buildings in prime Springdale location.
      2101 Arkhola Drive, Springdale, AR 72764
      View Details
    • $1,895,000
      4,347 SF

      Retail Space in Growing Area

      Retail property with three-phase power, loading dock, and dedicated parking.
      321 & 323 E Emma Avenue, Springdale, AR 72764
      View Details
    • $395,000
      2,672 SF

      Springdale Multifamily Property on Acreage

      Multifamily property on 4.5 acres with income potential.
      12214 Kenneth Price Road, Springdale, AR 72762
      View Details
    • $7,800,000
      41,763 SF

      Professional Complex on 3.46 Acres

      Three-building professional complex with ample parking and road frontage.
      4700 S Thompson Street, Springdale, AR 72764
      View Details
    • $1,250,000
      5,000 SF

      Retail Investment Opportunity in Springdale

      High-traffic retail property with four units and ample parking.
      274 E Robinson Avenue, Springdale, AR 72764
      View Details

    FAQs

    What type of property is this?
    Duplex - Multifamily property near Central Jr High and JB Hunt Park.
    Where is this duplex located?
    The property is located at 2700 McMillan Drive Springdale, AR.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: Tenant occupied (currently leased); Close to JB Hunt Park; Across the street from Central Jr High
    (479) 790-9337
    We can help!
    Listing Contact
    Brandi Graham
    Brandi Graham
    Real Estate License ID: SA00091443
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2700 McMillan Drive, Springdale, AR 72762
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!