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

    700 S 48 Street Springdale, AR 72762

    View on Map
    Claim this Listing
    For Sale
    $550,000

    COMMERCIAL - Springdale, AR

    Lot size:
    1.93 Acres
    Added:
    Mar 20, 2024
    Days on Market:
    768
    Last Refresh:
    Apr 26 at 11:06 pm

    Property Features for 700 S 48 Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    815-30054-090
    Lot size
    1.93 Acres

    Taxes and HOA fees

    Tax Description
    04-17-30
    Tax Annual Amount
    4880

    Utilities

    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Vernon Schmiegelow

    Listing agent Vernon Schmiegelow License #SA00016685

    Listing office Equity Partners Realty 710 W Emma Ave., Springdale, AR

    Listing date Mar 20, 2024

    MLS# 1270257

    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.

    Overview

    Commercial Land on Corner Lot

    This commercial property is located on a corner lot in Springdale, Arkansas. The property has a total area of approximately 1.93 acres. It benefits from having all utilities available on site. The property features street frontage on two sides. It is zoned C-5. A survey has been completed, and engineering on the plat is available. Buildings on the property are considered to have no value.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Hair Salon Big Box & Wholesale Store Auto Repair Shop 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
    -94.184029
    Latitude
    36.179968

    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
    • $450,000

      Springdale Commercial Land Opportunity

      1.44 acres in a dynamic growth corridor, zoned commercial.
      608 James Avenue, 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
    • $700,000

      Land with Development Potential

      3.03 acres of land with development potential in Springdale.
      4906 Johnson Road, Springdale, AR 72762
      View Details
    • $1,200,000

      Prime Land I-49 Access

      Corner lot with high traffic exposure and development potential.
      3524 S 48th Street lot: 2, Springdale, AR 72762
      View Details
    • $957,500

      Commercial Land in Growing Area

      2.75 acres of commercial land with residential potential.
      5441 Har Ber Avenue, 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

      Commercial Land in Growing Area

      3.02 acres of commercial land in a rapidly growing area.
      5461 Elm Springs Road, Springdale, AR 72762
      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

    FAQs

    What type of property is this?
    Commercial land - 1.93 acres corner lot with utilities in Springdale, AR.
    Where is this commercial land located?
    The property is located at 700 S 48 Street Springdale, AR.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: 1.93 acre +/- commercial corner lot; Excellent location on 48th Street; Rezoned C‑5
    (479) 640-5219
    We can help!
    Listing Contact
    Vernon Schmiegelow
    Real Estate License ID: SA00016685
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!