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    Drive-Thru Restaurant/Retail Building Title is generated by Realmo AI

    508 E 8th Street, Danville, AR 72833

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    For Sale
    $399,750

    SINGLE_FAMILY - Danville, AR

    Type:Retail
    Property size:
    1,604 SF
    Lot size:
    0.80 Acres
    Price / SF:
    $249/SF
    Added:
    Apr 29, 2026
    Days on Market:
    39
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 508 E 8th Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    701-00255-000
    Size
    1,604 SF
    Lot size
    0.80 Acres

    Taxes and HOA fees

    Tax Description
    BLK:28 CITY/MUNI/TWP:DANVILLE SUBD:FIELDS ADDITION DANVILLE SEC/TWN/RNG/MER:SEC 36 TWN 05 RNG 23 PT.NE COR. 140X250
    Tax Annual Amount
    1237

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1998
    Building materials
    Stucco

    We can help!

    Listing Contact
    Michael Poole
    Michael Poole

    Listing agent Michael Poole License #SA00081563

    Listing office Moore and Company REALTORS 103 W Parkway Dr Ste 2A, Russellville, AR

    Listing date Apr 29, 2026

    MLS# 1344612

    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

    • 1,604 SF commercial building built in 1998 with central heating and central air
    • High‑traffic, central location with public remarks noting it is across from the hospital and within walking distance to the high school
    • Drive‑thru window plus large paved lot with ample parking
    • Includes existing walk‑in refrigerators, a bathroom, and dedicated office space
    • Previously operated as a smoke shop and also as a restaurant, supporting restaurant, retail, or service‑based uses
    • Owner financing available; public water and a gas water heater on site

    Overview

    This recently renovated 1,604-square-foot building is set up for flexible commercial use. The space includes existing walk-in refrigerators, a drive-thru window, a bathroom, and a dedicated office area. The property has historically operated as a smoke shop and previously as a restaurant, and it is offered for sale with owner finance available.

    Located at 508 E 8th Street in Danville, Arkansas, the property is positioned in the heart of town. It is directly across from the hospital and within walking distance of the high school, creating convenient access for both pedestrian and vehicle traffic.

    The combination of drive-thru infrastructure, on-site refrigeration, and straightforward interior layout can support a range of retail and service concepts, including restaurant-style operations. A spacious paved lot with ample parking is included, which helps accommodate customers and makes the site workable for continued use or redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Flower World — 902 Main St, Danville, AR 72833

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Yell
    State
    Arkansas
    Longitude
    -93.388944
    Latitude
    35.053672

    Nearby Similar for Sale

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      4,779 SF

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      206 Arkansas Street, Danville, AR 72833
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    • $260,000
      4,779 SF

      Multi-Family Property in Danville

      Income-generating multi-family property with six units in Danville.
      206 Arkansas Street, Danville, AR 72833
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    FAQs

    What type of property is this?
    Storefront property - Renovated building with a drive-thru window, walk-in refrigeration, and a large paved parking lot.
    Where is this storefront property located?
    The property is located at 508 E 8th Street Danville, AR.
    What is the asking price?
    The asking price for this property is $399,750.
    What are key features of this property?
    This property features: 1,604 SF commercial building built in 1998 with central heating and central air; High‑traffic, central location with public remarks noting it is across from the hospital and within walking distance to the high school; Drive‑thru window plus large paved lot with ample parking
    (479) 858-1093
    We can help!
    Listing Contact
    Michael Poole
    Michael Poole
    Real Estate License ID: SA00081563
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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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