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    Historic Commercial Building in Paris, AR Title is generated by Realmo AI

    114 116 120 124 N Elm ST, Paris, AR 72855

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    For Sale
    $204,900

    COMMERCIAL - Paris, AR

    Type:Retail
    Property size:
    4,700 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $43/SF
    Added:
    Feb 15, 2026
    Days on Market:
    92
    Last Refresh:
    May 18 at 12:06 am

    Property Features for 114 116 120 124 N Elm ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    APN
    900-01191-000
    Size
    4,700 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Description
    ORIGINAL TOWN-PARIS LOT 1 BLK OOB 00007996-000
    Tax Annual Amount
    738

    Utilities

    Heating system
    Central, Other (Heating)
    Cooling system
    Central Air, Window Unit(s)

    Building Details

    Number of units
    4
    Flooring type
    Wood, Carpet, Laminate, Vinyl

    We can help!

    Listing Contact
    Karley King

    Listing agent Karley King

    Listing office Oak and Main Realty Group 17 W Main St., Paris, AR

    Listing date Feb 15, 2026

    MLS# 1087071

    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.

    HighLights

    • Prime commercial location adjacent to Paris' bustling downtown square.
    • Four separate rental spaces provide immediate income potential.
    • Parking lots on the side and back convey with the building.
    • Updated with new awnings, storm doors, lighting, individual bathrooms, and new exterior paint.
    • Historic character offers opportunity for customization.
    • Brick firewall and two entrances separate each unit.

    Overview

    This historic commercial building presents an investment opportunity, featuring four separate rental spaces on two parcels adjacent to Paris' bustling downtown square. Located across from a prominent bank, the property benefits from high visibility and accessibility. Parking lots are situated on the side and back of the building. Updates include new awnings, storm doors, lighting, and individual bathrooms. New exterior paint enhances the building's appeal. Two entrances and a brick firewall separate each unit, ensuring tenant safety and privacy. The property, with a size of 4700 square feet and a lot size of 0.16 acres, has accommodated various businesses, including sewing shops, retail stores, offices, and salons. The property offers potential for establishing a business or generating rental income. The property is located at 114, 116, 120, 124 N Elm ST, Paris, AR 72855.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sew Charming (Bike/Boat/Book/etc) Store Tootsie Toes Photography (Bike/Boat/Book/etc) Store Simply Shy Boutique Clothing & Fashion Store

    Suggested Use

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

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

    Similar Places Nearby

    • Scott's Flowers & Gifts — 15 N Elm St, Paris, AR 72855

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    Logan
    State
    Arkansas
    Longitude
    -93.729979
    Latitude
    35.292438

    Nearby Similar for Sale

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      5,700 SF

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      30 E Walnut, Paris, AR 72855
      View Details
    • $299,000
      14,960 SF

      14,000 SF Warehouse on 2 Acres

      Versatile warehouse with office space and hydraulic car lift.
      4581 W State HWY 22, Paris, AR 72855
      View Details

    FAQs

    What type of property is this?
    Storefront property - Prime commercial property with four rental spaces near downtown square.
    Where is this storefront property located?
    The property is located at 114 116 120 124 N Elm ST Paris, AR.
    What is the asking price?
    The asking price for this property is $204,900.
    What are key features of this property?
    This property features: Prime commercial location adjacent to Paris' bustling downtown square.; Four separate rental spaces provide immediate income potential.; Parking lots on the side and back convey with the building.
    (479) 847-2100
    We can help!
    Listing Contact
    Karley King
    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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    114, 116, 120, 124 N Elm ST, Paris, AR 72855
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