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    1000 Madison St Clarendon, AR 72029

    • Land
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1000 Madison St

    Property type
    Land
    Property subtype
    Apartment buildings

    Description

    This exceptional investment opportunity presents a 37-pad manufactured home park situated in Clarendon, Arkansas, at 1000 Madison, zip code 72029. Located in Monroe County, this property offers a unique blend of existing rental income and significant potential for expansion. The current setup caters to the area's strong demand for rental spaces, particularly among outdoor enthusiasts drawn to the region's renowned hunting opportunities. The property's design allows renters to lease pads for RVs or mobile homes, providing a convenient and attractive option for hunters seeking temporary or seasonal accommodation. The asking price for this multifamily land investment is $800,000. This presents a compelling opportunity for investors seeking steady income streams with the potential for substantial growth. The property's location in a charming small town further enhances its appeal, offering a balance between established rental income and the potential to attract additional tenants. The existing infrastructure provides a solid foundation for immediate returns, while the potential for expansion offers long-term growth prospects. This is a rare chance to acquire a well-positioned multifamily property in a desirable location with a proven track record. The property is classified as both multifamily and commercial, offering flexibility and diverse investment possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Clarendon
    County
    Monroe
    State
    Arkansas
    Longitude
    -91.3019
    Latitude
    34.6928

    Comparable in this City

    • Value Estimation by Request
      2.80 Acres

      1000 Madison St

      Multifamily properties • 2.80 Acres
      1000 Madison St, Clarendon, AR 72029
      View Details
    • Value Estimation
      $240,000
      2,000 SF

      Clarendon, AR 72029

      COMMERCIAL (GENERAL) • 2,000 SF
      Clarendon, AR 72029
      View Details
    • Value Estimation
      $260,000
      825 SF

      217 Madison St

      COMMERCIAL (GENERAL) • 825 SF
      217 Madison St, Clarendon, AR 72029-2706
      View Details
    • Value Estimation by Request
      0.08 Acres

      Clarendon, AR 72029

      VACANT COMMERCIAL LAND • 0.08 Acres
      Clarendon, AR 72029
      View Details
    • Value Estimation by Request
      0.25 Acres

      Garfiled St

      INDUSTRIAL - VACANT LAND • 0.25 Acres
      Garfiled St, Clarendon, AR 72029
      View Details
    • Value Estimation by Request
      17.19 Acres

      Garfield St

      INDUSTRIAL - VACANT LAND • 17.19 Acres
      Garfield St, Clarendon, AR 72029
      View Details

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    1000 Madison St
    Clarendon, AR 72029
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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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