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    Historic Calico Rock Commercial Property Title is generated by Realmo AI

    131 MAIN STREET, Calico Rock, AR 72519

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    For Sale
    $275,000

    COMMERCIAL - Calico Rock, AR

    Added:
    Jan 31, 2025
    Days on Market:
    475
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 131 MAIN STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Public Bathrooms
    Standard status
    Active
    APN
    345-00009-000

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    PT 6 & 7 Old Survey Calico Rock 23-17-11
    Tax Annual Amount
    773

    Utilities

    Heating system
    Heat Pump (Heating), Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1925
    Roof type
    Flat, Metal

    We can help!

    Listing Contact
    Kelly Horne-Johnson
    Kelly Horne-Johnson

    Listing agent Kelly Horne-Johnson

    Listing office CENTURY 21 LeMAC EAST 40 PLAZA WAY, SUITE 180, Mountain Home, AR

    Listing date Jan 31, 2025

    MLS# 130634

    Copyright © 2026 North Central 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 location in a historic district, one block from the White River, with high foot traffic.
    • Meticulously renovated to historical standards, preserving charm while updating infrastructure.
    • Brand new HVAC and hot water systems.
    • Inviting outdoor seating area for guests.
    • Ample potential for various business uses.
    • Brick and stone construction with a basement.

    Overview

    Located in a historic district one block from the White River, this property benefits from significant foot traffic and a desirable location for both residents and tourists. The building has been renovated to historical standards, maintaining its historic charm while upgrading essential infrastructure, including new HVAC and hot water systems. An inviting outdoor seating area enhances the property, providing a space for guests to relax and enjoy the scenery, particularly in warmer weather. The property offers potential for various business uses, whether continuing the current concept or reinventing the space. The zoning is described as 'See Remarks'.
    Location Intelligence

    Current Use by Public Records

    Calico Rock Area ... Information Services Juniper's Back Door ... Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    • HartsCottage Flowers and gifts — 202 Main St, Calico Rock, AR 72519

    Location Insight

    • Map
    • Local Demand
    City
    Calico Rock
    County
    Izard
    State
    Arkansas
    Longitude
    -92.14307
    Latitude
    36.118355

    Nearby Similar for Sale

    • $221,000
      2,120 SF

      Commercial Building with Highway Frontage

      Versatile commercial building with highway frontage and residential potential.
      2682 HWY 56, Calico Rock, AR 72519
      View Details
    • $145,000
      600 SF

      Calico Rock Commercial Building For Sale

      Commercial building with highway frontage and business potential in Calico Rock.
      823 Highway 56, Calico Rock, AR 72519
      View Details
    • $179,000
      3,838 SF

      Historic Building in Calico Rock

      Historic mixed-use building with retail and residential potential.
      100 Main Street, Calico Rock, AR 72519
      View Details

    FAQs

    What type of property is this?
    Storefront property - Renovated commercial property in historic district, near White River.
    Where is this storefront property located?
    The property is located at 131 MAIN STREET Calico Rock, AR.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location in a historic district, one block from the White River, with high foot traffic.; Meticulously renovated to historical standards, preserving charm while updating infrastructure.; Brand new HVAC and hot water systems.
    (870) 425-6356
    We can help!
    Listing Contact
    Kelly Horne-Johnson
    Kelly Horne-Johnson
    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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