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    Retail Building on Highway 7N Title is generated by Realmo AI

    2711 N Arkansas Avenue, Russellville, AR 72802

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    For Sale
    $479,000

    SINGLE_FAMILY - Russellville, AR

    Type:Retail
    Property size:
    4,500 SF
    Price / SF:
    $106/SF
    Added:
    Aug 29, 2024
    Days on Market:
    621
    Last Refresh:
    May 11 at 9:06 pm

    Property Features for 2711 N Arkansas Avenue

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C1
    Parking
    20
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    868-00010-000C
    Size
    4,500 SF

    Taxes and HOA fees

    Tax Description
    PT NE NE, 32-08N-20W, .65 Acres more or less, Pope County, AR
    Tax Annual Amount
    3000

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air, Electric
    Water source
    Public

    Building Details

    Flooring type
    Vinyl, Tile, Carpet
    Building materials
    AluminumSiding, Block, Concrete, VinylSiding
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Boyd Osborne

    Listing agent Boyd Osborne License #EB00050326

    Listing office Arkansas Real Estate Collective 500 W Main St Ste 405, Russellville, AR

    Listing date Aug 29, 2024

    MLS# AV24-1658

    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.

    HighLights

    • High‑traffic location on Hwy 7N, ideal for business.
    • Building in good condition.
    • Next to established business: CJ's Burgers.
    • Central heating (Natural Gas) and cooling (Central Air, Electric).
    • Public water and sewer connections.
    • Durable construction materials include Aluminum Siding, Block, Concrete, Vinyl Siding.

    Overview

    This 4,500-square-foot retail building is located on Highway 7N in Russellville, Arkansas, in front of Motel 6. The property is zoned C1 and is currently used as a retail business specializing in antique furniture and original oil paintings. The building is in good condition and is situated next to CJ's Burgers. The location offers potential for a high-traffic business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nest Home Decor Store Sunrise Breakfast Tacos Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.138984
    Latitude
    35.307578

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    FAQs

    What type of property is this?
    Retail space - Retail building in high-traffic location near Motel 6.
    Where is this retail space located?
    The property is located at 2711 N Arkansas Avenue Russellville, AR.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: High‑traffic location on Hwy 7N, ideal for business.; Building in good condition.; Next to established business: CJ's Burgers.
    (479) 970-0244
    We can help!
    Listing Contact
    Boyd Osborne
    Real Estate License ID: EB00050326
    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.

    More about this property
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