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    The Largest CRE Database in the US with Over 1 Million Listings

    300 S Thompson St Lamar, AR 72846

    Sponsored
    For Sale
    $124,900

    Traditional, Building and Land - Lamar, AR

    Property size:
    31,000 SF
    Lot size:
    2.72 Acres
    Days on Market:
    117
    Last Refresh:
    Jan 23 at 8:06 pm

    Property Features for 300 S Thompson St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking
    60
    Size
    31,000 SF
    Lot size
    2.72 Acres

    Utilities

    Heating system
    Central, Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    1
    Flooring type
    Other
    Building materials
    Block, Brick
    Roof type
    Shingle
    Architectural style
    New Traditional

    We can help!

    Listing Contact
    Jonathan McCauley

    Century 21 Glover Town & Country (479) 754-4040

    Listing agent Jonathan McCauley (479) 754-4040

    Listing date Sep 29, 2025

    MLS# 23009781 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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

    Lamar, AR Former Nursing Home

    This property features over 31,000 square feet of block and brick building(s), formerly the Countryside Manor Nursing Home, situated on a 2.72-acre lot. The structure is sound and located on a fairly level lot. It includes a large asphalt and concrete parking lot, a loading dock, a kitchen and cafeteria area, a detached laundry building, and administrative offices. The property also contains a lot of bedroom/bathroom combo rooms. The property needs some roof, flooring and maybe some plumbing work. It presents a 'fixer-upper' investment opportunity and could be suitable for climate-controlled storage, offices, a halfway house, or dorms. The owners are selling the property "AS IS." Owner-financing is possible with $30,000 down.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nursing homes

    Map

    City
    Lamar
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.411402119049
    Latitude
    35.453662614201

    Nearby Similar for Sale

    • New
      $595,000
      73.00 Acres

      Lamar, AR Family Farm

      73-acre family farm near I-40 and Piney Bay.
      1250 County Road 2651, Lamar, AR 72846
      View Details
    • $1,500,000
      280.00 Acres

      Lamar, AR Mixed-Use Property

      280+/- acre property with hardwood forest, pasture, and home.
      495 Co Rd 3867, Lamar, AR 72846
      View Details

    FAQs

    What type of property is this?
    Nursing home - 31,000+ sqft building on 2.72 acres in Lamar, AR
    Where is this nursing home located?
    The property is located at 300 S Thompson St Lamar, AR.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: - Significantly reduced price (over $30,000 decrease).; - **Extensive square footage (over 31,000 sq ft) at a low price per square foot.**; - Solid block and brick construction on a fairly level lot.
    (870) 740-9529
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    300 S Thompson St Lamar, AR 72846
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    Lamar, AR 72846
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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
    300 S Thompson St Lamar, AR 72846
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    We can help!
    Listing Contact
    Jonathan McCauley
    (870) 740-9529
    Learn more
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