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    200 Floral Rd Concord, AR 72523

    • Auto shops
    • 2,000 SF
    • 3.00 lot acres
    For Sale
    View listing
    $149,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2179367
    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

    • Auto shops

    Property Details for 200 Floral Rd

    Year built
    1996
    Lot size
    3.00 lot acres
    Property size
    2,000 SF
    Property type
    Auto shops
    APN
    100-00153-003
    APU
    10000153003

    Description

    This exceptional 16.5-acre parcel of land is located at 200 Floral Road in Concord, Arkansas. The property offers significant potential for a variety of uses, making it an attractive investment opportunity. Its expansive size provides ample space for development projects, ranging from residential subdivisions to commercial ventures, or even a combination of both. The location in Concord offers access to local amenities and infrastructure, while still providing a sense of rural tranquility. The absence of existing structures allows for complete design flexibility, enabling the creation of a custom-built development tailored to specific needs and preferences. Given the size and location, this property presents a rare chance to acquire a substantial land holding in a desirable area. Serious inquiries are encouraged to explore the possibilities this unique property offers. The asking price is $149,500. Further details regarding zoning regulations and potential development options are readily available upon request. This is a blank canvas for your next project. Don't miss this chance to secure this valuable piece of land.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $150,000
      Current use
      OFFICE BUILDING
      $215,000
      Change: +40% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $205,000
      Change: +34% Conversion: Moderate
      MEDICAL BUILDING
      $160,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $145,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Cleburne
    State
    Arkansas
    Longitude
    -91.8498
    Latitude
    35.6548

    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
    2024
    $675
    $3,750
    $10,189
    $13,939
    -
    $18,750
    $50,945
    $69,695

    Comparable in this City

    • Value Estimation
      $235,000
      4,496 SF

      10276 Heber Spgs N Rd

      AUTO REPAIR, GARAGE • 4,496 SF
      10276 Heber Spgs N Rd, Concord, AR 72523-8002
      View Details
    • Value Estimation
      $220,000
      2,190 SF

      11402 Heber Spgs N Rd, Unit 11404

      CAR WASH - SELF-SERVE • 2,190 SF
      11402 Heber Spgs N Rd, Concord, AR 72523-9568
      View Details
    • Value Estimation by Request
      600 SF

      10989 Heber Spgs N Rd

      FINANCIAL BUILDING • 600 SF
      10989 Heber Spgs N Rd, Concord, AR 72523-9412
      View Details
    • Value Estimation
      $75,000
      2,496 SF

      79 Floral Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      79 Floral Rd, Concord, AR 72523
      View Details
    • Value Estimation
      $260,000
      2,496 SF

      79 Floral Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,496 SF
      79 Floral Rd, Concord, AR 72523-9605
      View Details
    • Value Estimation
      $300,000
      3,966 SF

      10285 Heber Spgs N Rd

      CONVENIENCE STORE • 3,966 SF
      10285 Heber Spgs N Rd, Concord, AR 72523-8002
      View Details

    Similar Nearby for Sale

    • $999,900
      82.00 Acres

      Prime Concord, AR Business Land

      82 Acres, $999,900 - Development Opportunity
      201 Armstrong Ln, Concord, AR 72523
      View Details
    • $149,500
      16.50 Acres

      Concord AR Land - 16.5 Acres

      Prime 16.5-acre lot, ideal for development. Excellent investment opportunity.
      200 Floral Rd, Concord, AR 72523
      View Details
    • $249,000
      4,720 SF

      Concord, AR Warehouse/Shop For Sale

      4,600+ sq ft insulated warehouse/shop on 1.18 acres.
      10276 Heber Springs Rd, Concord, AR 72523
      View Details
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    200 Floral Rd
    Concord, AR 72523
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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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