Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Dumas Commercial Investment Opportunity Title is generated by Realmo AI

    410 Pickens Street, Dumas, AR 71639

    View on Map
    Claim this Listing
    For Sale
    $350,000

    MULTI_FAMILY - Dumas, AR

    Property size:
    3,512 SF
    Lot size:
    0.74 Acres
    Price / SF:
    $99/SF
    Added:
    Jul 30, 2025
    Days on Market:
    297
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 410 Pickens Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    3,512 SF
    Lot size
    0.74 Acres

    Taxes and HOA fees

    Tax Description
    Provided at closing
    Tax Annual Amount
    1525

    Building Details

    Year built
    1985
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Shawna Thaxton
    Shawna Thaxton

    Listing agent Shawna Thaxton

    Listing office Wilkerson Real Estate Company 600 US 425 N Suite B, Monticello, AR

    Listing date Jul 30, 2025

    MLS# 25031549

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. 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 high‑traffic area.
    • Investment opportunity with income potential.
    • Three separate units offering diverse usage possibilities (office, retail, salon, medical).
    • Immediate rental income from existing nail salon with a 5‑year lease.
    • Approx. 20,000 sqft parking lot.
    • Well‑maintained property built in 1985 with a metal roof.

    Overview

    This commercial property in Dumas, Arkansas, presents an investment opportunity in a high-traffic area. The property includes three separate units and an approximately 20,000 square foot parking lot. Unit 1 offers approximately 1,664 square feet of space, featuring five rooms, one bathroom, a laundry room, and a waiting area, suitable for office space, medical, or professional services. Unit 2, currently occupied by a nail salon with a 5-year lease, provides approximately 768 square feet of space and immediate rental income. Unit 3 provides approximately 1,280 square feet of space with three rooms, one bathroom, and a large waiting room, making it suitable for retail, salon, or office use. The property is located at 410 Pickens Street, Dumas, AR 71639, in Desha County. The lot size is 0.74 acres, and the total property size is 3,512 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dumas
    County
    Desha
    State
    Arkansas
    Longitude
    -91.478687
    Latitude
    33.883004

    Nearby Similar for Sale

    • $125,000
      2,824 SF

      Commercial Building on Highway 65

      High-visibility commercial building suitable for restaurant, retail, office, or service.
      732 S HWY 65, Dumas, AR 71639
      View Details
    • $295,000
      8,200 SF

      Versatile Building on High-Traffic Corner

      8,200 SF building suitable for retail, office, or warehouse.
      801 Hwy 165, Dumas, AR 71639
      View Details

    FAQs

    What type of property is this?
    Strip mall - Well-maintained commercial property with three units and ample parking.
    Where is this strip mall located?
    The property is located at 410 Pickens Street Dumas, AR.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Prime location in a high‑traffic area.; Investment opportunity with income potential.; Three separate units offering diverse usage possibilities (office, retail, salon, medical).
    (870) 510-3208
    We can help!
    Listing Contact
    Shawna Thaxton
    Shawna Thaxton
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    410 Pickens Street, Dumas, AR 71639
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!