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

    515 Knox St Van Buren, AR 72956

    View on Map
    Sponsored
    For Sale
    $179,999

    COMMERCIAL - Van Buren, AR

    Property size:
    1,874 SF
    Lot size:
    0.32 Acres
    Days on Market:
    51
    Last Refresh:
    Mar 14 at 6:06 am

    Property Features for 515 Knox St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    700-03355-000
    Size
    1,874 SF
    Lot size
    0.32 Acres

    Building Details

    Year built
    1889

    We can help!

    Listing Contact
    Laura McLean
    Laura McLean

    Keller Williams Platinum Realty (479) 434-3000

    Listing agent Laura McLean

    Listing date Jan 22, 2026

    MLS# 1085298

    Copyright © 2026 Western River Valley Board of REALTORS®. 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

    Historic Gothic Revival Church

    This historic 1889 Gothic Revival church is a Van Buren landmark listed on the National Register of Historic Places. Constructed in 1869 by emancipated African Americans, the Mount Olive United Methodist Church has been a center for worship, education, and community for over a century. The property features a brick facade, tall arched windows, and a square tower with an arched entrance. The building has updated systems, including a new roof, HVAC, and electrical. City water and sewer are connected, with a recent water and sewer prep-bury hydrant installed and a sewer stub ready for bathroom hookup. Situated on the corner of Lafayette and Knox Streets in Van Buren's historic district, the 0.32-acre lot offers potential for various uses, including a community space, art gallery, cultural center, or event venue. The property is located minutes from downtown Van Buren, parks, schools, and the passenger train station. The property size is 1874 square feet. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.35549
    Latitude
    35.437138

    Nearby Similar for Sale

    • $599,000
      8,008 SF

      Remodeled Commercial Building with Warehouse

      Updated office and warehouse space with parking in Van Buren.
      100 N 11Th St, Van Buren, AR 72956
      View Details
    • $499,900
      6,144 SF

      Historic Commercial Building in Van Buren

      Historic building with commercial kitchen and bar in downtown Van Buren.
      700 Main St, Van Buren, AR 72956
      View Details
    • $500,000
      12,400 SF

      Van Buren Self-Storage Facility

      75-unit self-storage facility in Van Buren, Arkansas.
      2510 Kibler Rd, Van Buren, AR 72956
      View Details
    • $49,500
      1,200 SF

      Versatile Commercial Property For Sale

      Commercial property suitable for various service-based businesses with high visibility.
      4653 Kibler Rd, Van Buren, AR 72956
      View Details
    • $425,000
      2,096 SF

      Van Buren Commercial Building For Sale

      Two-story commercial building in prime location, suitable for office/retail.
      1000 Main St, Van Buren, AR 72956
      View Details
    • $950,000
      4,879 SF

      Van Buren Commercial Office Building

      Well-maintained commercial building with 13 offices and ample parking.
      1111 Fayetteville Rd, Van Buren, AR 72956
      View Details
    • $680,000
      7,412 SF

      Fully Leased Duplexes in Van Buren

      Eight fully-leased duplexes near Van Buren City Park.
      1005-1019 N 13Th St, Van Buren, AR 72956
      View Details
    • $289,000
      4,000 SF

      Van Buren Commercial Building For Sale

      4,000 SF commercial building with high visibility in Van Buren.
      410 Sycamore St, Van Buren, AR 72956
      View Details
    • $877,000
      8,480 SF

      Van Buren Townhomes For Sale

      Eight townhomes in Van Buren, AR, with ongoing construction.
      629 Poplar St, Van Buren, AR 72956
      View Details
    • $470,000
      4,964 SF

      Multi-Unit Property Near Downtown

      Multi-family property with eight units, near downtown Van Buren.
      1117 Ozier St, Van Buren, AR 72956
      View Details
    • $972,500
      7,318 SF

      Profitable Wedding & Event Venue

      Turnkey wedding and event business with residence on 20.67 acres.
      1820 Oak Grove Rd, Van Buren, AR 72956
      View Details
    • $1,800,000
      9,128 SF

      Van Buren Shopping Center For Sale

      Well-maintained commercial shopping center in high-traffic Van Buren location.
      518 N Plaza Dr, Van Buren, AR 72956
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - 1889 Gothic Revival church in Van Buren's historic district.
    Where is this church & religious facility located?
    The property is located at 515 Knox St Van Buren, AR.
    What is the asking price?
    The asking price for this property is $179,999.
    What are key features of this property?
    This property features: - Historic Significance: Listed on the National Register, built in 1869, offering a unique connection to history.; - Updated Infrastructure: Features a new roof, HVAC, and electrical system for modern comfort.; - Versatile Potential: Ideal for a community space, art gallery, or event venue.
    (479) 439-3000
    Request Owner's contact information
    515 Knox St Van Buren, AR 72956
    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.
    515 Knox St
    Van Buren, AR 72956
    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
    515 Knox St Van Buren, AR 72956
    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
    Laura McLean
    Laura McLean
    Real Estate License ID: SA00081842
    (479) 439-3000 (479) 434-3000 (479) 276-6698
    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!