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    1000 Red St Sheridan, AR 72150

    • Commercial real estate
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0575361
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Magnolia Heights / Apartment Complex

    Property Details for 1000 Red St

    Lot size
    0.96 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional value-add opportunity presents a 20-unit apartment building in Sheridan, Arkansas, situated just 35 miles south of Little Rock. The property boasts a 95% occupancy rate and comprises twenty two-bedroom, two-bathroom units, each generously sized at approximately 1,040 square feet. The total rentable square footage is approximately 20,800 square feet. Convenient one-to-one parking is provided for all residents. Water and trash services are included, while tenants are responsible for their own electricity. This Class C multifamily property sits on a 0.96-acre lot at 1000 N Red St, Sheridan, AR 72150. The stable market and historically high occupancy present a strong foundation for a new owner to implement a value-add strategy. Potential improvements include unit upgrades and a utility bill back program to significantly increase net operating income. This is an excellent opportunity to capitalize on the strong rental market and enhance the property's profitability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sheridan
    County
    Grant
    State
    Arkansas
    Longitude
    -92.408135
    Latitude
    34.3162842

    Comparable in this City

    • New
      $399,000
      6,719 SF

      Mixed-Use Property in Growing Sheridan

      Commercial property with three spaces plus a residential unit.
      808-814 Center St W, Sheridan, AR 72150
      View Details
    • $109,900
      7.97 Acres

      Sheridan, AR Wooded Acreage

      7.97 wooded acres with frontage on Hwy 35 north.
      00 Highway 35 North, Sheridan, AR 72150
      View Details
    • $69,900
      4.05 Acres

      Land with No Restrictions

      Gorgeous 4.05-acre land parcel in Sheridan, Arkansas.
      183 Grant 49, Sheridan, AR 72150
      View Details
    • $187,500
      31.25 Acres

      Sheridan, AR Acreage For Sale

      31.25 acres suitable for hunting or building a home.
      000 Grant 4613, Sheridan, AR 72150
      View Details
    • $41,800
      2.09 Acres

      Residential Lot in Sheridan, AR

      Acreage lot in Sheridan schools, over two acres.
      16 Grant County Rd 58, Sheridan, AR 72150
      View Details
    • $150,000
      3.21 Acres

      Commercial Lot in Growing Sheridan

      3.21-acre commercial lot in a busy, growing area.
      Ctr St Hwy, Sheridan, AR 72150
      View Details

    Similar Nearby for Sale

    • New
      $399,000
      6,719 SF

      Mixed-Use Property in Growing Sheridan

      Commercial property with three spaces plus a residential unit.
      808-814 Center St W, Sheridan, AR 72150
      View Details
    • $40,000
      2.00 Acres

      Residential Lot in Sheridan, AR

      Acreage lots in Sheridan schools, all at least two acres.
      03 Grant County Rd 58, Sheridan, AR 72150
      View Details
    • $69,900
      4.05 Acres

      Land with No Restrictions

      Gorgeous 4.05-acre land parcel in Sheridan, Arkansas.
      183 Grant 49, Sheridan, AR 72150
      View Details
    • $109,900
      7.97 Acres

      Sheridan, AR Wooded Acreage

      7.97 wooded acres with frontage on Hwy 35 north.
      00 Highway 35 North, Sheridan, AR 72150
      View Details
    • $187,500
      31.25 Acres

      Sheridan, AR Acreage For Sale

      31.25 acres suitable for hunting or building a home.
      000 Grant 4613, Sheridan, AR 72150
      View Details
    • $150,000
      3.21 Acres

      Commercial Lot in Growing Sheridan

      3.21-acre commercial lot in a busy, growing area.
      Ctr St Hwy, Sheridan, AR 72150
      View Details
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    1000 Red St
    Sheridan, AR 72150
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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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