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    2423 Walnut Walnut Paris, AR 72855
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    2423 Walnut Walnut Paris, AR 72855

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    • Office Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2423 Walnut Walnut

    Property type
    Office Spaces

    Description

    This exceptional investment opportunity presents a 0 square foot office building located at 2423 E Walnut Street, Paris, AR 72855. Priced competitively at $57,000, this property is situated in Paris, Logan County, Arkansas. The precise square footage is currently unavailable. The address is verified as 2423 E Walnut Street, within the city limits of Paris. The property's location offers convenient access to local amenities and infrastructure. While the building's size is not specified, its low asking price makes it an attractive proposition for investors seeking a foothold in the Arkansas commercial real estate market. This presents a unique chance to acquire a property in a growing area, ideal for redevelopment or potential expansion. The property's current state requires further investigation to determine its suitability for various business needs. Further details regarding the building's condition and potential uses are available upon request. This is a rare opportunity to acquire a commercial property in Paris, Arkansas at an exceptionally attractive price point. Serious inquiries are encouraged to explore the potential of this unique offering. The property is located at latitude 35.2921073 and longitude -93.7089739.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Paris
    County
    05083
    State
    Arkansas
    Longitude
    -93.709
    Latitude
    35.2921

    Comparable in this City

    • Value Estimation by Request
      780 SF

      301 Walnut St

      OFFICE BUILDING • 780 SF
      301 Walnut St, Paris, AR 72855-3731
      View Details
    • Value Estimation by Request
      1,249 SF

      208 Main St

      MEDICAL BUILDING • 1,249 SF
      208 Main St, Paris, AR 72855-3230
      View Details
    • Value Estimation
      $570,000
      6,296 SF

      17 Mckeen St

      OFFICE BUILDING • 6,296 SF
      17 Mckeen St, Paris, AR 72855-4935
      View Details
    • Value Estimation by Request
      1,440 SF

      32 Airport Industrial Rd

      OFFICE BUILDING • 1,440 SF
      32 Airport Industrial Rd, Paris, AR 72855-5897
      View Details
    • Value Estimation by Request
      1,674 SF

      3620 Walnut St

      OFFICE BUILDING • 1,674 SF
      3620 Walnut St, Paris, AR 72855
      View Details
    • Value Estimation by Request
      750 SF

      109 Walnut St

      OFFICE BUILDING • 750 SF
      109 Walnut St, Paris, AR 72855-3913
      View Details

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    Paris, AR 72855
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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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