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    Property profile & analytics

    2406 Hervey St Hope, AR 71801

    • Turn key restaurants
    • 4,684 SF
    • 1.04 lot acres
    For Sale
    View listing
    $1,250,000
    Value Estimation
    Location Intelligence
    Property ID
    US05-2054997
    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

    • Dos Loco Gringos / Mexican Restaurant / Steak House

    Property Details for 2406 Hervey St

    Year built
    1987
    Lot size
    1.04 lot acres
    Property size
    4,684 SF
    Property type
    Turn key restaurants
    APN
    700-05154-001-C
    APU
    70005154001C

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.6138
    Latitude
    33.683
    CBSA code
    26260
    CBSA name
    HOPE, AR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,873
    $70,690
    $67,590
    $138,280
    -
    $353,450
    $337,950
    $691,400

    Comparable in this City

    • Value Estimation
      $465,000
      1,800 SF

      817 Hervey St

      RESTAURANT • 1,800 SF
      817 Hervey St, Hope, AR 71801-2611
      View Details
    • Value Estimation
      $660,000
      33,143 SF

      2000 Holiday Dr

      RESTAURANT • 33,143 SF
      2000 Holiday Dr, Hope, AR 71801-2509
      View Details
    • Value Estimation by Request
      2,275 SF

      227 Main St

      RESTAURANT • 2,275 SF
      227 Main St, Hope, AR 71801-4319
      View Details
    • Value Estimation by Request
      3,200 SF

      1707 Hwy 174th S

      RESTAURANT • 3,200 SF
      1707 Hwy 174th S, Hope, AR 71801-9005
      View Details
    • Value Estimation
      $205,000
      13,013 SF

      1706 Holiday Dr

      RESTAURANT • 13,013 SF
      1706 Holiday Dr, Hope, AR 71801-2529
      View Details
    • Value Estimation by Request
      1,964 SF

      315 3rd St

      RESTAURANT • 1,964 SF
      315 3rd St, Hope, AR 71801-5309
      View Details

    Similar Nearby for Sale

    • $70,000
      2,100 SF

      Hope, AR Commercial Building/Land

      2,100 SF commercial building on 0.334 acres in Hope, AR.
      612 Spg Lk Rd, Hope, AR 71801
      View Details
    • $150,000
      2,474 SF

      Hope, AR Retail Investment Opportunity

      Prime location, vacant retail space. High-return potential.
      1321 Main St, Hope, AR 71801
      View Details
    • $1,250,000
      4,684 SF

      Hope, AR Restaurant - Prime Location

      Successful Mexican Restaurant, High-Traffic Area
      2406 Hervey St, Hope, AR 71801
      View Details
    • $2,200,000
      2,905 SF

      Shell Convenience Store For Sale

      2,905 SF Shell station in high-traffic Hope, Arkansas.
      2112 N Hazel St, Hope, AR 71801
      View Details
    • $225,800
      3,050 SF

      Hope, AR Mixed-Use Investment

      High-cash-flow duplex, prime location.
      1600 Elm St, Hope, AR 71801
      View Details
    • $275,000
      3,000 SF

      Hope, AR Car Wash Property

      Car wash with building on 1.25 acres for sale.
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      View Details
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    Hope, AR 71801
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    Realmo Value Estimation

    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.

    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.

    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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