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
    Property profile & analytics

    1609 Main St Van Buren, AR 72956-4735

    • Drug stores
    • 1,470 SF
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    5.2%
    Drug stores
    Location Intelligence
    Property ID
    US05-0565610
    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

    • Hudson Discount Pharmacy / Pharmacy / Drug Store

    Property Details for 1609 Main St

    Year built
    1988
    Property size
    1,470 SF
    Property type
    Drug stores
    APN
    700-04901-001-C
    APU
    70004901001C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $210,000
      6.5%
      $195,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $183,000
      Market price range: $49.0k - $183k

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.3417
    Latitude
    35.4369
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-OK 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
    $1,257
    $6,000
    $27,570
    $33,570
    -
    $30,000
    $137,850
    $167,850

    Comparable in this City

    • Value Estimation
      $220,000
      1,925 SF

      2215 Alma Hwy

      DRUG STORE, PHARMACY • 1,925 SF
      2215 Alma Hwy, Van Buren, AR 72956-5009
      View Details
    • Value Estimation
      $260,000
      2,353 SF

      1515 Fayetteville Rd

      DRUG STORE, PHARMACY • 2,353 SF
      1515 Fayetteville Rd, Van Buren, AR 72956-2246
      View Details
    • Value Estimation
      $250,000
      168 SF

      1404 Fayetteville Rd

      RETAIL STORES (PERSONAL SERVICES) • 168 SF
      1404 Fayetteville Rd, Van Buren, AR 72956-2245
      View Details
    • Value Estimation
      $260,000
      1,960 SF

      1408 Fayetteville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,960 SF
      1408 Fayetteville Rd, Van Buren, AR 72956-2200
      View Details
    • Value Estimation
      $260,000
      476 SF

      504 Main St

      RETAIL STORES (PERSONAL SERVICES) • 476 SF
      504 Main St, Van Buren, AR 72956-5110
      View Details
    • Value Estimation
      $265,000
      2,012 SF

      500 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,012 SF
      500 Main St, Van Buren, AR 72956-5110
      View Details

    Similar Nearby for Sale

    • $120,000
      0.20 Acres

      Van Buren Commercial Property

      High-visibility auto shop & storage
      6010 Alma Hwy, Van Buren, AR 72956
      View Details
    • $182,500
      1,092 SF

      Commercial/Residential Shop on Large Lot

      Mixed-use shop with residential zoning on a 0.96-acre lot.
      7 Holmes Ln, Van Buren, AR 72956
      View Details
    • New
      $349,900
      6,144 SF

      Historic Mixed-Use Residence with Income

      6,144 sq ft historic residence with live and work space.
      615 Main St, Van Buren, AR 72956
      View Details
    • $1,800,000
      9,128 SF

      Van Buren Shopping Center For Sale

      Well-maintained commercial shopping center in high-traffic Van Buren location.
      518 N Plaza Dr, Van Buren, AR 72956
      View Details
    • Contact for pricing
      14,780 SF

      Former Dealership on 15+ Acres

      Highly visible Van Buren dealership with showroom, service bays, storage.
      5601 Alma Hwy, Van Buren, AR 72956
      View Details
    • $499,900
      6,144 SF

      Historic Downtown Van Buren Restaurant

      Historic building with full kitchen, bar, and living area.
      700 Main St, Van Buren, AR 72956
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Retail Space in Cloverleaf Plaza

      Retail space available in Van Buren's dominant retail area.
      120-130 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing

      Freestanding Retail Building with Drive-Thru

      New 490 SF retail building with drive-thru near I-40.
      1109 E Pointer Trl, Van Buren, AR 72956
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Cloverleaf Plaza

      Retail space available in Van Buren's dominant retail area.
      210-280 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing
      3,780 SF

      Retail Space in Cloverleaf Plaza

      Retail space available in Van Buren's dominant retail area.
      10-46 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing
      16,455 SF

      Van Buren Retail Space Available

      Retail space in Van Buren's dominant trade area.
      322 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • $9 SF/Yr
      4,560 SF

      Van Buren Office Space - I-40 Access

      Single-tenant office, 4,560 sq ft, prime location.
      601 Pointer Trl, Van Buren, AR 72956
      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.
    1609 Main St
    Van Buren, AR 72956-4735
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.