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    Property profile & analytics

    160 Locke St Ashdown, AR 71822

    • Individual retail properties
    • 288 SF
    • 0.16 lot acres
    For Sale
    View listing
    $60,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1271345
    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

    • The Sitting Service / Home Health Care Service / Hospice

    Property Details for 160 Locke St

    Year built
    2007
    Lot size
    0.16 lot acres
    Property size
    288 SF
    Property type
    Individual retail properties
    APN
    070-00333-000
    APU
    7000333000

    Description

    This exceptional 0.48-acre lot presents a unique investment opportunity in the thriving town of Ashdown, Arkansas. Located at 160 Locke, this property offers significant potential for a variety of uses, making it an attractive prospect for both seasoned investors and those new to the market. The land is conveniently situated within Ashdown, providing easy access to local amenities, businesses, and transportation routes. Its size makes it suitable for a range of development projects, from residential construction to commercial ventures. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built property tailored to specific needs and preferences. The asking price of $60,000 represents a compelling value proposition in the current market, offering a strong return on investment potential. Given its location and size, this property is expected to attract considerable interest. Serious inquiries are encouraged to explore the possibilities and secure this prime piece of Ashdown real estate. The property is ready for immediate development, eliminating lengthy delays associated with site preparation. This presents a rare opportunity to acquire a well-positioned lot in a growing community, offering a chance to build equity and capitalize on the area's upward trajectory. Don't miss out on this chance to own a piece of Ashdown.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashdown
    County
    Little River
    State
    Arkansas
    Longitude
    -94.1316
    Latitude
    33.6696
    CBSA code
    45500
    CBSA name
    TEXARKANA, TX-TEXARKANA, AR METROPOLITAN 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
    $118
    $910
    $2,200
    $3,110
    -
    $4,550
    $11,000
    $15,550

    Comparable in this City

    • Value Estimation
      $300,000
      1,308 SF

      110 Constitution Ave

      BARBER, HAIR SALON • 1,308 SF
      110 Constitution Ave, Ashdown, AR 71822-3542
      View Details
    • Value Estimation by Request
      570 SF

      360 Constitution Ave, Unit 370

      BARBER, HAIR SALON • 570 SF
      360 Constitution Ave, Ashdown, AR 71822-2827
      View Details
    • Value Estimation
      $260,000
      1,200 SF

      670 Owen St

      BARBER, HAIR SALON • 1,200 SF
      670 Owen St, Ashdown, AR 71822-2118
      View Details
    • Value Estimation
      $240,000
      1,232 SF

      472 2nd St

      BARBER, HAIR SALON • 1,232 SF
      472 2nd St, Ashdown, AR 71822-2755
      View Details
    • Value Estimation
      $295,000
      3,100 SF

      320 Constitution Ave

      DRY CLEANER • 3,100 SF
      320 Constitution Ave, Ashdown, AR 71822-3537
      View Details
    • Value Estimation
      $270,000
      342 SF

      68 Commerce St

      BARBER, HAIR SALON • 342 SF
      68 Commerce St, Ashdown, AR 71822-2818
      View Details

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    160 Locke St
    Ashdown, AR 71822
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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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