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    3512 Race St Searcy, AR 72143
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    3512 Race St Searcy, AR 72143

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    • Retail properties & Spaces
    • 42,644 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3512 Race St

    Property size
    42,644 SF
    Property type
    Retail properties & Spaces

    Description

    The Shoppes at River Chase, located at 3512 E Race St in Searcy, Arkansas (zip code 72143), presents a compelling retail investment opportunity. This 42,644 square foot center boasts a prime location in White County's thriving commercial corridor. Currently, there are multiple spaces available, ranging from a minimum of 1,455 square feet to a maximum contiguous space of 4,980 square feet. A total of 7,935 square feet is currently vacant, offering significant potential for immediate occupancy. The property's strategic placement on E Race Ave ensures high visibility and accessibility for businesses. The center's design caters to a variety of retail uses, making it an ideal location for both established businesses seeking expansion and new ventures looking to establish a strong presence in the Searcy market. The property is classified as a multi-tenant retail building. This presents a unique opportunity to acquire a well-situated retail property in a growing Arkansas market. Interested parties should note the available space options and the property's overall size to determine its suitability for their specific needs. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.6867
    Latitude
    35.2507

    Comparable in this City

    • Value Estimation by Request
      9,690 SF

      404 Eastline Rd

      Retail properties & Spaces • 9,690 SF
      404 Eastline Rd, Searcy, AR 72143
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    • Value Estimation by Request
      43,164 SF

      3512 Race Ave

      Retail properties & Spaces • 43,164 SF
      3512 Race Ave, Searcy, AR 72143
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    • Value Estimation by Request
      1.00 Acre

      398 Eastline Rd

      Day care centers • 7,150 SF
      398 Eastline Rd, Searcy, AR 72143
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    • Value Estimation by Request
      29,339 SF

      600 Race Ave

      ROADSIDE MARKET • 29,339 SF
      600 Race Ave, Searcy, AR 72143-4419
      View Details
    • Value Estimation by Request
      3,850 SF

      2200 Beebe Capps Expy

      NURSERY, GREENHOUSE, FLORIST • 3,850 SF
      2200 Beebe Capps Expy, Searcy, AR 72143-5019
      View Details
    • Value Estimation by Request
      43,560 SF

      1211 Janet Dr

      Lifestyle centers • 43,560 SF
      1211 Janet Dr, Searcy, AR 72143
      View Details

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    Similar Nearby for Lease

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      Prime Retail Space I-57 Searcy

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      Retail/Restaurant Space For Lease

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      Premier Retail Space in Searcy

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      34,724 SF

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    • $1,408 /Mo
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      Searcy Retail/Office Space Available

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      Versatile Office Suite For Lease

      Spacious office suite with premium amenities in a prime location.
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    Searcy, AR 72143
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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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