Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building in Pine Bluff Title is generated by Realmo AI

    2915 Market, Pine Bluff, AR 71601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial building with offices, loading dock, and ample storage.

    Type:Special Purpose, Land
    Property size:
    28,160 SF
    Price / SF:
    $20/SF
    Added:
    Jun 4, 2024
    Days on Market:
    718
    Last Refresh:
    May 12 at 9:30 pm

    Property Features for 2915 Market

    General Information

    Standard status
    Active
    Size
    28,160 SF
    Property subtype
    Special Purpose, Land

    We can help!

    Listing Contact
    Kerra Flemmons

    Listing agent Kerra Flemmons License #AR

    Listing office CENTURY 21 Parker & Scroggins Realty Sheridan

    Listing date Jun 4, 2024

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 Parker & Scroggins Realty Sheridan

    HighLights

    • Loading ramp with two overhead doors suitable for 18‑wheelers, box trucks, or regular vehicles.
    • Features 3 private offices and a central office space.
    • Equipped with 5 HVAC units.
    • Includes a heated and cooled storeroom.
    • Contains a breakroom.
    • Offers 1.5 bathrooms.

    Overview

    Located in Pine Bluff, Arkansas, this commercial property offers a range of opportunities for various businesses. The building features 1.5 bathrooms, three private offices, and a central office area. A loading ramp with two overhead doors accommodates 18-wheelers, box trucks, and regular vehicles. The property includes a heated and cooled storeroom, freestanding walls, and a breakroom. The building is equipped with five HVAC units. The property is accessible from I-530 S via exit 46 for US-63 N/US-79, merging onto I-30 W, then continuing onto US-167 S/US-65 S and I-530 S/US-65 S.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Johnson's Warehouse Showroom-Pine ... Furniture & Home Goods

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Storage Rentals of America — 2700 Commerce Cir, Pine Bluff, AR 71601

    Location Insight

    • Map
    • Local Demand
    City
    Pine Bluff
    County
    Jefferson
    State
    Arkansas
    Longitude
    -91.969308
    Latitude
    34.213829

    Nearby Similar for Sale

    • $325,000
      14,192 SF

      Pine Bluff Automotive Dealership Building

      14,192 SF building with showroom and service area.
      2500 E Harding Avenue, Pine Bluff, AR 71601-6846
      View Details
    • $250,000
      9,853 SF

      Pine Bluff Commercial Building For Sale

      Commercial building with immediate cash flow potential in Pine Bluff.
      2502 E Harding Avenue, Pine Bluff, AR 71601-6846
      View Details
    • $300,000
      19,785 SF

      Versatile Commercial Building in Pine Bluff

      Adaptable commercial building with extensive space and excellent visibility.
      501 E 12th Avenue, Pine Bluff, AR 71601-0000
      View Details
    • $250,000
      19,596 SF

      Pine Bluff Building and Land

      Versatile commercial property suitable for retail, industrial, or entertainment.
      600 S Ash Street, Pine Bluff, AR 71603
      View Details
    • $399,900
      1,271 SF

      Remodeled Building on Sheridan Road

      Renovated building suitable for medical or retail use.
      6531 Sheridan Road, Pine Bluff, AR 71602
      View Details
    • $1,600,000
      21,630 SF

      Pine Bluff Apartment Complex

      36-unit apartment complex in Pine Bluff, Arkansas.
      2123 S Blake Street, Pine Bluff, AR 71603
      View Details
    • $1,000,000
      70,000 SF

      Pine Bluff Church on Four Acres

      Character-filled church on 4 acres with multiple potential uses.
      1801 W 17th Avenue, Pine Bluff, AR 71603
      View Details
    • $749,900
      3,888 SF

      Pine Bluff Multifamily Investment Property

      Fourteen-unit apartment complex with a waiting list and income potential.
      1600 N Lane Street, Pine Bluff, AR 71602
      View Details
    • $199,900
      4,760 SF

      Refreshed Building and Land

      Two-story building with recent updates, ideal for various businesses.
      2309 E 6th Avenue, Pine Bluff, AR 71603
      View Details
    • $399,000
      1,637,856 SF

      Manufacturing Facility in Pine Bluff

      105,509 SF manufacturing facility on 3.5 acres for sale.
      1810 S Ohio Street, Pine Bluff, AR 71601
      View Details
    • $249,900
      5,000 SF

      Pine Bluff Commercial Property For Sale

      Versatile commercial property with retail and warehouse space.
      5525 Sulphur Springs Road, Pine Bluff, AR 71603
      View Details
    • $1,250,000
      20,000 SF

      CDL Training Academy Investment Opportunity

      Established academy with real estate and multiple income streams.
      4208 S Highway 65, Pine Bluff, AR 71601
      View Details

    FAQs

    What type of property is this?
    Warehouse - Commercial building with offices, loading dock, and ample storage.
    Where is this warehouse located?
    The property is located at 2915 Market Pine Bluff, AR.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: Loading ramp with two overhead doors suitable for 18‑wheelers, box trucks, or regular vehicles.; Features **3 private offices** and a central office space.; Equipped with 5 HVAC units.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kerra Flemmons
    Real Estate License ID: AR
    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
    2915 Market, Pine Bluff, AR 71601
    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!