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    290 Rockwood Dr Cabot, AR 72023
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    290 Rockwood Dr Cabot, AR 72023

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pet Supplies Plus Cabot / (Bike/Boat/Book/etc) Store / Pet Store & Service
    • Jersey Mike's Subs / Take-out & Catering / Catering Service
    • i.d. SPOT / Shopping Center & Mall / (Bike/Boat/Book/etc) Store
    • Le Nails & Spa / Nail Salon

    Property Details for 290 Rockwood Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity is located in the thriving Rockwood Plaza Annex shopping center in Cabot, Arkansas, at 290 S Rockwood Dr, zip code 72023. The property consists of a single, one-story building featuring six total suites, with a combined 4,200 square feet currently vacant. Ideal for multiple tenants, the space offers flexible leasing options with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 2,800 square feet. This prime location boasts high visibility and foot traffic due to its proximity to major national retailers. Businesses seeking a strong presence in a busy shopping center will find this location highly advantageous. The center's anchor tenants include Walmart, Marshalls, Maurices, Hibbett Sports, and Cato's, ensuring a consistent flow of customers. This presents a unique chance to establish or expand a retail business in a well-established and successful shopping center. The property is situated at 34.97833923843795 latitude and -92.03853168574067 longitude. Contact us today to learn more about leasing options and secure your space in this vibrant retail environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.0385
    Latitude
    34.9783

    Comparable in this City

    • Value Estimation by Request
      773 SF

      405 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 773 SF
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    • Value Estimation by Request
      6,416 SF

      1212 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 6,416 SF
      1212 2nd St, Cabot, AR 72023-3319
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    • Value Estimation by Request
      4,000 SF

      105 Adams St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      105 Adams St, Cabot, AR 72023
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    • Value Estimation by Request
      3,200 SF

      502 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      502 Main St, Cabot, AR 72023-2421
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    • Value Estimation by Request
      4,000 SF

      1503 Pne St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      1503 Pne St, Cabot, AR 72023-3823
      View Details
    • Value Estimation
      $660,000
      5,000 SF

      2301 Pne St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      2301 Pne St, Cabot, AR 72023-9473
      View Details

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    290 Rockwood Dr
    Cabot, AR 72023
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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.

    More about this property
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    290 Rockwood Dr, Cabot, AR, 72023
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