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    1826-2133 West Ave El Dorado, AR 71730
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    Property profile & analytics

    1826-2133 West Ave El Dorado, AR 71730

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    • Lifestyle centers
    • 237,519 SF
    • 22.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1826-2133 West Ave

    Lot size
    22.30 lot acres
    Property size
    237,519 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 237,519 square foot shopping center in El Dorado, Arkansas, presents a compelling value-add investment opportunity. Currently 77.5% occupied, the property boasts a strong national tenant mix including TJ Maxx, Hobby Lobby, Dollar Tree, Bealls, Citi Trends, Shoe Show, and Applebee's. Fifteen tenants contribute to a current NOI of $1,207,745, with a pro forma NOI estimated at $1,609,726. The asking price is $13,900,000, representing a cap rate of 8.69% and a price per square foot of $58.52. The property sits on 22.3 acres, including a 5-acre rear parking area with significant redevelopment potential. Three existing pad sites—occupied by Applebee's, Yamato, and Red River Credit Union—offer flexible exit strategies. Bealls recently signed a 10-year lease and opened in October 2024. The property's location in El Dorado benefits from a stable and growing economy anchored by major employers including Murphy USA, Delek US Holdings, and Lanxess. This net lease investment offers significant upside potential through lease-up of vacant suites and future development opportunities. Lease terms vary among tenants. The property is classified as a grocery store, shopping center, and storefront.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    El Dorado
    County
    Union
    State
    Arkansas
    Longitude
    -92.665
    Latitude
    33.2303

    Comparable in this City

    • Value Estimation
      $13,110,000
      180,463 SF

      2137 Ave

      MINI-MALL • 180,463 SF
      2137 Ave, El Dorado, AR 71730
      View Details
    • Value Estimation
      $4,245,000
      56,686 SF

      1400 Ave

      MINI-MALL • 56,686 SF
      1400 Ave, El Dorado, AR 71730-3856
      View Details
    • Value Estimation
      $7,865,000
      106,502 SF

      Nwnw Vlg

      MINI-MALL • 106,502 SF
      Nwnw Vlg, El Dorado, AR 71730
      View Details
    • Value Estimation
      $2,180,000
      27,390 SF

      1601 Main St

      SHOPPING CENTER, STRIP CENTER • 27,390 SF
      1601 Main St, El Dorado, AR 71730-6421
      View Details
    • Value Estimation
      $660,000
      7,350 SF

      701 Ave

      SHOPPING CENTER, STRIP CENTER • 7,350 SF
      701 Ave, El Dorado, AR 71730-4654
      View Details
    • Value Estimation
      $2,650,000
      33,529 SF

      2600 Ave

      SHOPPING CENTER, STRIP CENTER • 33,529 SF
      2600 Ave, El Dorado, AR 71730-3123
      View Details

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    El Dorado, AR 71730
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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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