Sign Up Successful!
You now have access to more from Realmo!
    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

    1614 Booth Ave Searcy, AR 72143

    Sponsored
    For Sale
    $450,000

    0.93-acre lot, $450,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    364
    This exceptional 0.93-acre commercial lot presents a unique investment opportunity in the thriving city of Searcy, Arkansas. Located at 1614 Booth Street, this property offers significant potential for a variety of commercial ventures. The expansive lot size provides ample space for development, allowing for flexibility in design and construction to suit diverse business needs. Its strategic location within Searcy ensures high visibility and accessibility, attracting a substantial customer base. The property is currently vacant, providing a blank canvas for ambitious entrepreneurs and developers to create a thriving commercial establishment. This is an ideal opportunity for those seeking to establish a new business or expand an existing one in a dynamic and growing market. The asking price of $450,000 reflects the significant value and potential of this prime commercial land. Given the scarcity of available commercial land in Searcy, this property represents a rare and timely investment opportunity. Serious inquiries are encouraged to explore the possibilities and secure this exceptional piece of commercial real estate. The property's address is 1614 Booth Street, Searcy, AR. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to acquire a valuable asset in a promising location.

    Property Features for 1614 Booth Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    40,511 SF

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    John Kilpatrick

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Wholesale Shop Building Supply Clothing Store Auto Parts Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.71619
    Latitude
    35.22436

    Nearby Similar for Sale

    • $300,000
      3,746 SF

      Downtown Searcy Building and Land

      Building in the heart of downtown Searcy, Arkansas.
      311 N Spruce St, Searcy, AR 72143
      View Details
    • $950,000
      16,445 SF

      Searcy Commercial Investment Opportunity

      16,000 SF commercial building with showroom, living quarters, shop.
      3369 36 Hwy, Searcy, AR 72143
      View Details
    • $2,870,000
      48,962 SF

      Stoneybrook Apartments Portfolio

      54-unit apartment portfolio with value-add potential in Searcy, Arkansas.
      Stoneybrook Ln, Searcy, AR 72143
      View Details
    • $774,000
      6,726 SF

      Move-In Ready Office Building

      Well-maintained office building with flexible layout in Searcy, Arkansas.
      2900 S Main St, Searcy, AR 72143
      View Details
    • $1,070,000
      6,762 SF

      New Construction Triplexes and Duplex

      New construction triplexes and duplex near schools and city conveniences.
      508 N Oak St, Searcy, AR 72143
      View Details
    • $625,000
      5,160 SF

      Turnkey Commercial Property in Searcy

      5160 SF building with equipment on 0.52 acres.
      1301 W Pleasure Ave, Searcy, AR 72143
      View Details
    • $1,740,000
      21,738 SF

      24-Unit Apartment Complex on 8.31 Acres

      24-unit apartment complex with value-add potential on 8.31 acres.
      709 Melody Ln, Searcy, AR 72143
      View Details
    • $3,366,000
      54,206 SF

      Remodeled Apartment Community in Searcy

      A Class apartment community, fully remodeled in 2019, stabilized rent.
      300 W Pleasure Ave, Searcy, AR 72143
      View Details
    • $1,377,500
      14,463 SF

      Searcy Apartments: 19-Unit Community

      19-unit apartment community in Searcy, Arkansas, with stable cashflow.
      205 W Woodruff Ave, Searcy, AR 72143
      View Details
    • Contact for pricing
      3,701 SF

      Renovated Office Space Near I57

      Updated office space featuring 11 offices, conference room, and kitchen.
      2220 Taylor Rd, Searcy, AR 72143
      View Details
    • Contact for pricing
      1,800 SF

      Office Space Near Harding University

      Office space with high visibility near Harding University.
      1633 Beebe Capps Expy, Searcy, AR 72143
      View Details
    • $230,000
      6,622 SF

      Adaptable Building in High-Visibility Location

      Versatile property suitable for church, office, retail, or redevelopment.
      1600 E Moore Ave, Searcy, AR 72143
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 0.93-acre lot, $450,000
    Where is this commercial real estate located?
    The property is located at 1614 Booth Ave Searcy, AR.
    What is the asking price?
    The asking price for this property is $450,000.
    Request Owner's contact information
    1614 Booth Ave Searcy, AR 72143
    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.
    1614 Booth Ave
    Searcy, AR 72143
    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
    1614 Booth Ave Searcy, AR 72143
    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
    John Kilpatrick
    Learn more
    Google sign-in failed. Please try again or use another login method.