Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2606 Central Ave Bentonville, AR 72712-5636

    • High-rise multifamily apartments
    • 8,147 SF
    • 1.41 lot acres
    OFF-MARKET
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0360046
    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

    • Samantha's Garden / Florist

    Property Details for 2606 Central Ave

    Lot size
    1.41 lot acres
    Property size
    8,147 SF
    Property type
    High-rise multifamily apartments
    APN
    01-00284-000
    APU
    100284000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,105,000
      6.5%
      $1,020,000
      7%
      $950,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $954,000
      Market price range: $610k - $1.22M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bentonville
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1804
    Latitude
    36.3718
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 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
    $8,779
    $93,900
    $48,160
    $142,060
    -
    $469,500
    $240,800
    $710,300

    Comparable in this City

    • Value Estimation
      $2,850,000
      27,720 SF

      206 8th St

      HIGH-RISE APARTMENTS • 27,720 SF
      206 8th St, Bentonville, AR 72712-7869
      View Details
    • Value Estimation
      $1,350,000
      10,239 SF

      1601 A St

      HIGH-RISE APARTMENTS • 10,239 SF
      1601 A St, Bentonville, AR 72712-4405
      View Details
    • Value Estimation
      $1,220,000
      11,301 SF

      Ranger Blvd

      HIGH-RISE APARTMENTS • 11,301 SF
      Ranger Blvd, Bentonville, AR 72712
      View Details
    • Value Estimation
      $2,670,000
      27,364 SF

      3401 2nd St

      HIGH-RISE APARTMENTS • 27,364 SF
      3401 2nd St, Bentonville, AR 72712-3548
      View Details
    • Value Estimation by Request
      1,402 SF

      408 Main St

      HIGH-RISE APARTMENTS • 1,402 SF
      408 Main St, Bentonville, AR 72712-5905
      View Details
    • Value Estimation by Request
      1,242 SF

      302 5th St

      HIGH-RISE APARTMENTS • 1,242 SF
      302 5th St, Bentonville, AR 72712-8759
      View Details

    Similar Nearby for Sale

    • $2,900,000
      6,378 SF

      Bentonville Multifamily Investment Opportunity

      Remodeled multifamily property in downtown Bentonville with mixed-use zoning.
      403 SE F St, Bentonville, AR 72712
      View Details
    • New
      $9,910,000
      21,290 SF

      New Condos Near Downtown Bentonville

      New condos with modern design, near trails and downtown.
      204 NW 9Th St, Bentonville, AR 72712
      View Details
    • $995,000

      Modern Condo Near Crystal Bridges

      New corner unit with modern design and luxury finishes.
      218 NW 9Th St, Bentonville, AR 72712
      View Details
    • $580,000

      Bentonville Condo Near Bike Trails

      Charming 2 bed/2 bath condo with trail access.
      118 Briartown, Bentonville, AR 72712
      View Details
    • $1,975,000
      2.24 Acres

      Bentonville Land Ready For Development

      Corner lot near I-49 and new Walmart campus.
      Rice Rd, Bentonville, AR 72712
      View Details
    • $650,000
      2,245 SF

      Bentonville Duplex on Large Lot

      Duplex near downtown Bentonville with oversized lot.
      1009/1011 NW 12Th St, Bentonville, AR 72712
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo
      1,792 SF

      Bentonville Duplex with Remodeled Interior

      Remodeled 2 bed, 1 bath duplex in Bentonville, Arkansas.
      3402 Victoria Pl, Bentonville, AR 72712
      View Details
    • $17 SF/Yr
      58,400 SF

      Emerald Plaza Office Suites in Bentonville

      Modern Office Space, Flexible Sizes Available
      202-210 Walton Blvd, Bentonville, AR 72712
      View Details
    • $32 SF/Yr
      14,580 SF

      Furnished Loft Office Space

      Fully furnished loft-style office space near Walmart Home Office.
      1007 SW A St, Bentonville, AR 72712
      View Details
    • $19 SF/Yr
      2,019 SF

      Retail Space Near College Campus

      Retail space for lease near Northwest Arkansas Community College.
      1404 SE Eagle Way, Bentonville, AR 72712
      View Details
    • $16 SF/Yr
      2,100 SF

      Bentonville Office Space For Lease

      Office space available near Walmart Home Office and I-49.
      308-312 SW 24Th St, Bentonville, AR 72712
      View Details
    • $18 SF/Yr
      5,713 SF

      Bentonville Office Space Available

      Office space available for lease in Bentonville, Arkansas.
      2701 SE Otis Corley Dr, Bentonville, AR 72712
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2606 Central Ave
    Bentonville, AR 72712-5636
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.