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Property profile & analytics
OFF-MARKET
Auto shops
2101 Hwy 7th N Harrison, AR 72601-7597
Entity Owned
12-yr Hold
Free & Clear
Property ID
US05-1953128
Property summary
AI-generated overview
This exceptional commercial property boasts a prime location at the intersection of Highway 7 North and Highway 43 East in Harrison, Arkansas. The offering includes a substantial 0.9-acre lot with 165 feet of Highway 7 frontage, ensuring high visibility and accessibility. The main building features 1,000 square feet of showroom space, ideal for retail or office use. Additionally, a 1,456 square foot apartment is included, providing potential for rental income or owner occupancy. A spacious unfinished 1,236 square foot basement offers significant storage or expansion possibilities. Completing this versatile property is a large 50' x 143' shop building equipped with eight overhead doors, perfect for various commercial uses, including storage, manufacturing, or light industrial operations. The property's strategic location and diverse range of spaces present a unique opportunity for a variety of businesses seeking a prominent presence in a thriving area. The sale includes only the real estate
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1960
Total area
3,336 SF
Lot
0.99 ac (42,994 SF)
APN
825-00920-000C
UPID
US05-1953128
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Coleman Development LLC · 12 yrs held
Coleman Development LLC
since 2013
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Harrison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Harrison submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,037
Tax year 2023
Assessed value
$59,540
Assessed 2024
Previous assessed
$59,540
+0.0% YoY
Effective rate
5.10%
On assessed value
Assessed land
$8,600
Assessed improvement
$50,940
Land market value
$43,000
Improvement market value
$254,700
Total market value
$297,700
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
3,336 SF
Lot
0.99 ac (42,994 SF)
APN
825-00920-000C
UPID
US05-1953128
Jurisdiction
BOONE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Coleman Development LLC
Entity
Free & Clear · 12 yrs held
Mailing address
PO BOX 10213, FAYETTEVILLE, AR 72703-0039
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2013
—
Coleman Development LLC
Eric Coleman
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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