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    Historic Building with Modern Updates Title is generated by Realmo AI

    414 Main Street, Leslie, AR 72645

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    For Sale
    $225,000

    Building and Land - Leslie, AR

    Property size:
    2,500 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $90/SF
    Added:
    May 8, 2025
    Days on Market:
    380
    Last Refresh:
    May 22 at 7:06 am

    Property Features for 414 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    1
    Standard status
    Active
    Size
    2,500 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Annual Amount
    216.04

    Utilities

    Heating system
    Natural Gas, Space Heater
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1904
    Floors in Building
    1
    Flooring type
    Other, Vinyl, Wood
    Building materials
    Brick, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Mecca Holland

    Listing agent Mecca Holland

    Listing office Brick Real Estate 2405 Prince Street, Conway, AR

    Listing date May 8, 2025

    MLS# 25017966 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.

    HighLights

    • Completely renovated historic building (2006‑2008) with modern updates and preserved character.
    • Versatile property suitable for short‑term rental, commercial use, weekend retreat, or primary residence.
    • Features a commercial storefront and a finished apartment with a full kitchen, 1 bedroom, 1.5 bathrooms, laundry room, and bonus room.
    • Located within walking distance to downtown Leslie's shops and restaurants.
    • Deck with views of the historic train depot.
    • Adjoining building available for purchase, offering expansion or income potential.

    Overview

    This historic building, originally constructed in the early 1900s, has been renovated from the ground up between 2006 and 2008, blending original character with modern functionality. The 2,500 square foot property is suitable for a short-term rental, commercial storefront, weekend retreat, or permanent residence. The front of the building features a spacious commercial area ideal for retail, office, or studio use. The back contains a finished apartment with a full kitchen, one bedroom, 1.5 bathrooms, a laundry room, and a bonus room suitable for guests, an office, or additional living space. A deck offers views of the historic train depot. Located on a 0.14-acre lot at 414 Main Street in Leslie, AR, the property is within walking distance of local shops and restaurants in downtown Leslie and approximately 18 miles from the Buffalo National River. The property is move-in ready and offers potential for various business uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Pharmacy Auto Parts Store Department Store Food Market Bar & Pub Electronics & Wireless Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Leslie
    County
    Searcy
    State
    Arkansas
    Longitude
    -92.559174
    Latitude
    35.828583

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property suitable for commercial or residential use.
    Where is this mixed-use property located?
    The property is located at 414 Main Street Leslie, AR.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Completely renovated historic building (2006‑2008) with modern updates and preserved character.; Versatile property suitable for short‑term rental, commercial use, weekend retreat, or primary residence.; Features a commercial storefront and a finished apartment with a full kitchen, 1 bedroom, 1.5 bathrooms, laundry room, and bonus room.
    (870) 504-1512
    We can help!
    Listing Contact
    Mecca Holland
    Real Estate License ID: SA00087673
    Learn More
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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.

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