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    12 Main St Booneville, AR 72927

    • Warehouses
    • 3,922 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2135863
    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

    • Crooked Post Shoppe / General Store
    • Arkansas Reiki / Reiki Therapist / Service Establishment

    Property Details for 12 Main St

    Lot size
    0.16 lot acres
    Property size
    3,922 SF
    Property type
    Warehouses
    APN
    800-00991-000
    APU
    80000991000

    Description

    This exceptional retail property, located at 12 W Main Street in historic downtown Booneville, Arkansas, presents a unique investment opportunity. Situated at the intersection of Highways 10 & 23, this corner lot boasts an impressive average daily traffic count exceeding 8,000 vehicles, as reported by the Arkansas Department of Transportation. The building features separate entrances on the north and east sides, allowing for flexible use and potential division into two distinct spaces to accommodate multiple tenants or business ventures. A significant upgrade was completed in the summer of 2020 with the installation of a new 26-gauge R-Panel roof, backed by a transferable five-year warranty covering both workmanship and materials. This prime location places the property within walking distance of a variety of restaurants, retail shops, and artisan stores. Its proximity to Broadway Memorial Park, a vibrant outdoor venue hosting farmers' markets, concerts, and community events, further enhances its appeal. Booneville itself is a thriving community of over 4,000 residents, supported by a diverse range of employers and amenities, including K-12 public schools, a Boys & Girls Club, a municipal airport, an 18-hole golf course, Rockline Industries, a USDA Research Center, Mercy Hospital and Emergency Room, a Walmart Supercenter, Tractor Supply Co., Dollar Tree, and numerous chain and local restaurants such as Yorokobi, Black Dog, and Reid's Barbecue. This property offers an unparalleled chance to establish or expand a business in a dynamic and supportive community environment. The 0.17-acre lot provides ample space for various business needs. Don't miss this chance to be part of Booneville's growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $295,000
      Current use
      RETAIL STORES
      $440,000
      Change: +50% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $350,000
      Change: +20% Conversion: Easy
      COMMERCIAL (GENERAL)
      $315,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Booneville
    County
    Logan
    State
    Arkansas
    Longitude
    -93.9221
    Latitude
    35.1399

    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
    $406
    $3,480
    $4,410
    $7,890
    -
    $17,400
    $22,050
    $39,450

    Comparable in this City

    • Value Estimation
      $235,000
      2,361 SF

      140 1st St

      WAREHOUSE, STORAGE • 2,361 SF
      140 1st St, Booneville, AR 72927-4104
      View Details
    • Value Estimation
      $270,000
      1,500 SF

      106 Grant

      WAREHOUSE, STORAGE • 1,500 SF
      106 Grant, Booneville, AR 72927
      View Details
    • Value Estimation
      $245,000
      3,720 SF

      1689 State Hwy 10

      WAREHOUSE, STORAGE • 3,720 SF
      1689 State Hwy 10, Booneville, AR 72927-4066
      View Details
    • Value Estimation
      $275,000
      4,800 SF

      1313 State Hwy 23

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      1313 State Hwy 23, Booneville, AR 72927
      View Details
    • Value Estimation
      $250,000
      6,235 SF

      Broadway

      WAREHOUSE, STORAGE • 6,235 SF
      Broadway, Booneville, AR 72927
      View Details
    • Value Estimation
      $205,000
      6,300 SF

      1268 Chismville Rd

      WAREHOUSE, STORAGE • 6,300 SF
      1268 Chismville Rd, Booneville, AR 72927-6962
      View Details

    Similar Nearby for Sale

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      3-Acre Parcel in Booneville, AR

      3-acre parcel suitable for building, mobile home, or vacation rentals.
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    • $31,500
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      Booneville Land with Highway Access

      4.5 acre wooded property near Highway 23 in Booneville, AR.
      N State Highway 23, Booneville, AR 72927
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    • $33,750
      4.50 Acres

      4.5 Acres Wooded Land

      Wooded 4.5-acre lot suitable for residential or recreational use.
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    • $79,800
      11.40 Acres

      11.4 Acres Wooded Land, Highway Access

      Wooded 11.4-acre property near Highway 23, ideal for recreation.
      N State Highway 23, Booneville, AR 72927
      View Details
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    12 Main St
    Booneville, AR 72927
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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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