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    Property profile & analytics

    604 Center St Lonoke, AR 72086

    • Outlet malls
    • 7,996 SF
    • 0.44 lot acres
    For Sale
    View listing
    $550,000
    Value Estimation
    Last Sale
    Aug 11, 2020
    $300,000
    Location Intelligence
    Property ID
    US05-0393676
    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

    • Outlet malls

    Property Details for 604 Center St

    Lot size
    0.44 lot acres
    Property size
    7,996 SF
    Property type
    Outlet malls
    APN
    780-14406-000
    APU
    78014406000

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving town of Lonoke, Arkansas. Spanning two acres of land, this expansive lot at 604 Center Street offers significant potential for a variety of commercial ventures. Its strategic location provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The property is classified as "Other" in terms of building type, meaning it's a blank canvas ready for development according to your specific needs and vision. This presents a rare chance to build a custom structure tailored to your business requirements, maximizing efficiency and functionality. The asking price for this substantial land parcel is $535,000, reflecting its prime location and development potential within the Lonoke community. Given the size and location, this property is well-suited for a range of commercial uses, from retail establishments and restaurants to light industrial facilities or office spaces. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures allows for complete design flexibility and the creation of a truly bespoke commercial space. Don't miss this chance to secure a prominent location in a growing Arkansas town.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $285,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $365,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $300,000
      Mixed-Use
      $370,000
      Hospitality
      $295,000
      Educational
      $290,000
      Residential Income
      $320,000
      Energy
      $385,000
      Income-Based Land
      $375,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Lonoke
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.9004
    Latitude
    34.7888
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, 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
    $3,154
    $10,560
    $47,390
    $57,950
    -
    $52,800
    $236,950
    $289,750

    Comparable in this City

    • Value Estimation
      $850,000
      99,052 SF

      324 Brownsville Loop

      WHOLESALE OUTLET, DISCOUNT STORE • 99,052 SF
      324 Brownsville Loop, Lonoke, AR 72086
      View Details
    • Value Estimation
      $395,000
      9,230 SF

      9135 Hwy 31st N

      WHOLESALE OUTLET, DISCOUNT STORE • 9,230 SF
      9135 Hwy 31st N, Lonoke, AR 72086-8828
      View Details
    • Value Estimation
      $365,000
      9,000 SF

      819 Ctr St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,000 SF
      819 Ctr St, Lonoke, AR 72086-2549
      View Details
    • Value Estimation
      $375,000
      5,995 SF

      904 Ctr St

      WHOLESALE OUTLET, DISCOUNT STORE • 5,995 SF
      904 Ctr St, Lonoke, AR 72086-2552
      View Details
    • Value Estimation
      $435,000
      9,104 SF

      5174 Hwy 15th N

      WHOLESALE OUTLET, DISCOUNT STORE • 9,104 SF
      5174 Hwy 15th N, Lonoke, AR 72086-8583
      View Details
    • Value Estimation
      $275,000
      12,282 SF

      1515 Ctr St

      SHOPPING CENTER, STRIP CENTER • 12,282 SF
      1515 Ctr St, Lonoke, AR 72086-2101
      View Details

    Similar Nearby for Sale

    • $550,000
      1.50 Acres

      Lonoke, AR Retail Investment Opportunity

      Prime 7,996 SF Retail Building & Land
      604 Center St, Lonoke, AR 72086
      View Details
    • $180,000
      2,776 SF

      Lonoke Retail Building and Land

      Retail property with highway frontage in Lonoke, Arkansas.
      501 SW Front St, Lonoke, AR 72086
      View Details
    • $275,000
      5,000 SF

      Commercial Retail Building in Lonoke

      Commercial retail building with great exposure and endless possibilities.
      405 N Center St, Lonoke, AR 72086
      View Details
    • $289,900
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      Lonoke Commercial Building and Land

      Commercial building in Lonoke, ready for retail or restaurant.
      921 N Center St, Lonoke, AR 72086
      View Details
    • $3,250,000
      5,000 SF

      Turnkey Restaurant in Historic Building

      Award-winning restaurant with full liquor license in Lonoke, Arkansas.
      105 W Front St, Lonoke, AR 72086
      View Details
    • $182,000
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      Lonoke Commercial Building and Land

      Commercial building and land for sale in Lonoke, Arkansas.
      102 Court St, Lonoke, AR 72086
      View Details
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    604 Center St
    Lonoke, AR 72086
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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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