Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1406 Dr Martin Luther King Jr. Dr Crossett, AR 71635

    • Retail properties
    • 9,020 SF
    • 2.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1406 Dr Martin Luther King Jr. Dr

    Year built
    2020
    Lot size
    2.96 lot acres
    Property size
    9,020 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a fee-simple owned, 9,020-square-foot Dollar General store in Crossett, Arkansas. Located on 2.96 acres at 1406 Dr Martin Luther King, Jr. Dr, this property boasts an absolute NNN lease with a corporate guarantee, ensuring minimal landlord responsibilities. The current lease, commencing August 28, 2020, and expiring August 31, 2035, includes five 5-year renewal options with 10% rent increases at the beginning of each option period. The asking price is $1,217,542, representing a 7.20% cap rate and a price per square foot of $134.98. The property generates a Net Operating Income (NOI) of $87,663. Built in 2020, this store enjoys 100% occupancy and benefits from its location on a high-traffic road (7,200 vehicles per day) near Crossett High School and other national retailers. Placer AI data ranks this Dollar General in the top 50% nationally, highlighting its strong performance and market position within a desirable demographic area. The property's strong tenant, lease terms, and location combine to create a compelling investment opportunity with significant long-term potential. The APN is 706-02661-002.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Crossett
    County
    Ashley
    State
    Arkansas
    Longitude
    -91.9647
    Latitude
    33.1179

    Comparable in this City

    • Value Estimation
      $270,000
      1,650 SF

      1658 Hwy 52nd W

      CONVENIENCE STORE • 1,650 SF
      1658 Hwy 52nd W, Crossett, AR 71635-4894
      View Details
    • Value Estimation
      $225,000
      2,000 SF

      1684 Hwy 133rd N

      CONVENIENCE STORE • 2,000 SF
      1684 Hwy 133rd N, Crossett, AR 71635-4925
      View Details
    • Value Estimation
      $250,000
      912 SF

      901 1st Ave

      CONVENIENCE STORE • 912 SF
      901 1st Ave, Crossett, AR 71635-2601
      View Details
    • Value Estimation
      $280,000
      3,007 SF

      405 1st Ave

      CONVENIENCE STORE • 3,007 SF
      405 1st Ave, Crossett, AR 71635-3003
      View Details
    • Value Estimation
      $270,000
      4,320 SF

      809 Main St

      CONVENIENCE STORE • 4,320 SF
      809 Main St, Crossett, AR 71635-3423
      View Details
    • Value Estimation
      $215,000
      450 SF

      1034 Hwy 133rd N

      CONVENIENCE STORE • 450 SF
      1034 Hwy 133rd N, Crossett, AR 71635-4726
      View Details

    Similar Nearby for Sale

    • $81,000
      2,500 SF

      Crossett Building and Land

      Building and land for sale in Crossett, Arkansas.
      705 W 1St Ave, Crossett, AR 71635
      View Details
    • $230,000
      6,600 SF

      Crossett Restaurant/Retail Opportunity on Acreage

      Restaurant/retail building on 2.45 acres with camper hookups.
      3405 Highway 82 W, Crossett, AR 71635
      View Details
    • $500,000
      2,614 SF

      Crossett, AR QSR for Sale

      Vacant KFC, prime location, high potential.
      201 1St Ave, Crossett, AR 71635
      View Details
    • $109,000
      0.54 Acres

      Crossett Commercial Land Opportunity

      High-visibility commercial property in Crossett's business district.
      1001 W 1St Ave, Crossett, AR 71635
      View Details
    • $89,000
      20.00 Acres

      20 Acre Homesite in Crossett

      20 acre homesite with utilities available in Crossett, Arkansas.
      Ashley Road 20, Crossett, AR 71635
      View Details
    • $161,069
      78.57 Acres

      Ashley County Hardwood Tract

      78 Acres, Hunting, Timber Investment
      0 Ashley Hardwood 79, Crossett, AR 71635
      View Details
    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.
    1406 Dr Martin Luther King Jr. Dr
    Crossett, AR 71635
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.