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    501 E Main St Marshall, AR 72650

    • Auto shops
    • 2,400 SF
    • 0.12 lot acres
    For Sale
    View listing
    $135,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1991209
    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 501 E Main St

    Year built
    1988
    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property size
    2,400 SF
    Property type
    Auto shops
    APN
    900-00291-000
    APU
    90000291000

    Description

    This exceptional 0.12-acre commercial lot presents a unique investment opportunity in the thriving city of Marshall, Arkansas. Located at 501 Main, this property boasts a highly visible address in a bustling area, ideal for a variety of commercial ventures. The lot's size offers ample space for development, allowing for flexibility in design and construction to suit specific business needs. Its prime location ensures high foot traffic and excellent visibility, maximizing potential for attracting customers and clients. The asking price of $135,000 represents a compelling value for a property with such significant potential in a growing market. This is a rare chance to acquire a strategically positioned commercial lot in a desirable Arkansas town. The property is classified as "Other" in terms of property type, indicating its versatility and suitability for a range of commercial uses. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. Given the size and location, this property is well-suited for a variety of commercial uses, from retail establishments to small office spaces, or even a mixed-use development. The address, 501 Main, ensures easy accessibility and high visibility for any business operating from this location. Don't miss this opportunity to secure a prime piece of commercial real estate in Marshall, AR. Further details and potential development options can be discussed upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $194,000
      Market price range: $195k - $359k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $275,000
      Current use
      RETAIL STORES
      $240,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshall
    County
    Searcy
    State
    Arkansas
    Longitude
    -92.6268
    Latitude
    35.908

    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
    $436
    $540
    $7,760
    $8,300
    -
    $2,700
    $38,800
    $41,500

    Comparable in this City

    • Value Estimation
      $265,000
      3,240 SF

      611 Hwy 65th N

      AUTO REPAIR, GARAGE • 3,240 SF
      611 Hwy 65th N, Marshall, AR 72650
      View Details
    • Value Estimation
      $245,000
      1,215 SF

      Hwy 65

      AUTO REPAIR, GARAGE • 1,215 SF
      Hwy 65, Marshall, AR 72650
      View Details
    • Value Estimation
      $265,000
      1,920 SF

      101 Zack Rd

      AUTO REPAIR, GARAGE • 1,920 SF
      101 Zack Rd, Marshall, AR 72650
      View Details
    • Value Estimation
      $240,000
      1,600 SF

      505 Hwy 65

      AUTO REPAIR, GARAGE • 1,600 SF
      505 Hwy 65, Marshall, AR 72650
      View Details
    • Value Estimation
      $240,000
      2,970 SF

      118 Hwy 74th E

      AUTO REPAIR, GARAGE • 2,970 SF
      118 Hwy 74th E, Marshall, AR 72650
      View Details
    • Value Estimation
      $245,000
      1,968 SF

      259 Hwy 65th N

      AUTO REPAIR, GARAGE • 1,968 SF
      259 Hwy 65th N, Marshall, AR 72650-7859
      View Details

    Similar Nearby for Sale

    • $135,000
      2,400 SF

      Auto Repair Shop on Highway

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      View Details
    • $199,900
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      Marshall, AR Restaurant Opportunity

      Restaurant property with high visibility and large parking lot.
      740 Highway 65 N, Marshall, AR 72650
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      Prime Commercial Land on Hwy 65

      1.65 acres with high visibility and easy access.
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      View Details
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      100-Acre Farm in Ozark Mountains

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      Marshall, AR 10-Acre Property

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    501 E Main St
    Marshall, AR 72650
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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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