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    Property profile & analytics

    418 S Main St Rector, AR 72461

    • Outlet malls
    • 4,560 SF
    • 0.14 lot acres
    For Sale
    View listing
    $69,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0702589
    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

    • Snow’s Tax & Financial Services / Financial Planner / Accountant
    • Elite Enterprise / Atm

    Property Details for 418 S Main St

    Lot size
    0.14 lot acres
    Property size
    4,560 SF
    Property type
    Outlet malls
    APN
    751-02701-000C
    APU
    75102701000C

    Description

    This exceptional mixed-use property in Rector, Arkansas, presents a compelling investment opportunity. Located at 418 S Main St, this 6,098 square foot building offers diverse commercial possibilities. The main structure, totaling 3,600 square feet, is currently configured as two separate storefronts, easily convertible back to a single large space. A 960 square foot garage is attached to the rear. Included in the sale are adjacent properties at 416 S Main St and 412B S Main St, adding significant square footage. 416 S Main St features a 572 square foot office space at the front and 1,508 square feet of unfinished space in the rear, plumbed for HVAC and with existing electrical. Interior access connects 416 and 418 S Main St. The entire property sits on a 0.14-acre lot and is priced at $89,000, or $14.59 per square foot. This versatile space is ideal for a variety of businesses and presents a rare opportunity for significant return on investment in the heart of downtown Rector. The property is highly adaptable and ready for immediate occupancy. The seller is highly motivated and open to negotiations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $292,000
      Market price range: $292k - $596k

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

    Location Insight

    • Map
    • Local Demand
    City
    Rector
    County
    Clay
    State
    Arkansas
    Longitude
    -90.2931
    Latitude
    36.263

    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
    $358
    $1,220
    $5,480
    $6,700
    -
    $6,100
    $27,400
    $33,500

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      324 Main St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,000 SF
      324 Main St, Rector, AR 72461-1332
      View Details
    • Value Estimation
      $265,000
      7,840 SF

      705 Donaldson St

      WHOLESALE OUTLET, DISCOUNT STORE • 7,840 SF
      705 Donaldson St, Rector, AR 72461-1119
      View Details
    • Value Estimation
      $290,000
      2,046 SF

      715 Karen St

      RETAIL STORES (PERSONAL SERVICES) • 2,046 SF
      715 Karen St, Rector, AR 72461-1400
      View Details
    • Value Estimation
      $275,000
      1,488 SF

      Karen St

      RETAIL STORES (PERSONAL SERVICES) • 1,488 SF
      Karen St, Rector, AR 72461
      View Details
    • Value Estimation
      $280,000
      4,433 SF

      113 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 4,433 SF
      113 Frnt St, Rector, AR 72461-1701
      View Details
    • Value Estimation
      $305,000
      936 SF

      316 Main St

      RETAIL STORES (PERSONAL SERVICES) • 936 SF
      316 Main St, Rector, AR 72461-1705
      View Details

    Similar Nearby for Sale

    • $184,000
      7,000 SF

      Rector Commercial Space: 7,000 SF

      Versatile Rector property, ideal for various businesses.
      324 Main St, Rector, AR 72461
      View Details
    • $69,900
      4,560 SF

      Main Street Building and Land

      Large building with garage and additional connected storefront.
      418 S Main St, Rector, AR 72461
      View Details
    • $149,900
      7,000 SF

      Versatile Commercial Building in Rector, AR

      Commercial property with classrooms, restrooms, showers, and kitchen area.
      324 N Main St, Rector, AR 72461
      View Details
    • $89,000
      6,098 SF

      Downtown Rector Commercial Gem

      Mixed-use building, 6,098 sq ft
      418 Main St, Rector, AR 72461
      View Details
    • $60,000
      1,668 SF

      Updated Auto Service Building

      Auto service building with multiple bays and prime visibility.
      12505 Highway 90, Rector, AR 72461
      View Details
    • Contact for pricing
      0.30 Acres

      Residential Lot in Rector, Arkansas

      0.30 acre lot suitable for building a new home.
      1008 Fordyce St, Rector, AR 72461
      View Details
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    418 S Main St
    Rector, AR 72461
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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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