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    1005 Bloomington St Lowell, AR 72745
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    1005 Bloomington St, Lowell, AR 72745

    View on Map
    • Retail space
    • 10,330 SF
    • 1.44 lot acres
    For Sale
    $2,200,000
    View Listing →
    New Construction Commercial Building For Sale
    $2,200,000
    10,550 SF

    New Construction Commercial Building

    New commercial building on 1.44 acres with expansion potential.

    1005 Bloomington Street, Lowell, AR 72745
    View Listing
    Property ID
    US05-2413323
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1005 Bloomington St

    Lot size
    1.44 lot acres
    Property type
    Retail space
    APN
    12-00352-000
    APU
    1200352000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 29, 2025 — Primus Investments LLC — Deed · related $550k · The Citizens Bank
    Jul 7, 2023 — Primus Investments LLC — Deed · related $1k · The Citizens Bank
    Aug 1, 2022 — Primus Investments LLC — Deed · related $4.2M · The Citizens Bank
    May 26, 2021 — Mark R Valdez — Deed · related $434k · The Citizens Bank
    Jun 13, 2019 — Belles Plantation House LLC — Deed · related $276k · First Nat'l Bk/ft Smith
    Jun 15, 2018 — Belles Plantation House LLC — Deed · related $299k · First Nat'l Bk/ft Smith
    May 3, 2007 $595,000 Belles Plantation House LLC Hendrix Beverly D Trust Warranty Deed $481k · Bank Of Rogers
    Jul 27, 2006 $625,000 Hendrix Beverly D Trust Bane Family Trust Warranty Deed $178k · Bank Of Rogers
    — — Belles Plantation House LLC — Loan Modification · related $276k · First Nat'l Bk/ft Smith
    — — Belles Plantation House LLC — Loan Modification · related $368k · First Nat'l Bk/ft Smith
    — — Belles Plantation House LLC — Loan Modification · related $299k · First Nat'l Bk/ft Smith

    Description

    This exceptional 10,550 square foot general commercial building presents a remarkable opportunity in the thriving Lowell, AR market. Situated on a 0.75-acre lot with prominent road frontage on Highway 71B/Bloomington Street, this new construction boasts an estimated 20,000+ vehicles passing daily, ensuring high visibility and accessibility for any business. The building's design features five distinct sections, each measuring 30 feet wide by 120 feet deep, providing ample space for diverse operational needs. Each section includes convenient 12-foot roll-up doors, facilitating easy loading and unloading. Specifically, Section A offers two of these large roll-up doors. The property's strategic location offers unparalleled convenience, with close proximity to major transportation arteries like Interstate 49 and the significant JB Hunt corporate campus, as well as the vibrant downtown Rogers area. This property is priced at $2,500,000 and is ready for immediate occupancy and tenant build-out. Don't miss this chance to secure a prime commercial space in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $709,000
      Market price range: $613k - $1.98M
      AI Estimate
      $665,000
      Market price range: $397k - $1.72M

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1352
    Latitude
    36.2708
    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
    $5,975
    $51,060
    $61,260
    $112,320
    -
    $255,300
    $306,300
    $561,600

    Comparable in this City

    • Value Estimation
      $1,755,000
      1,343 SF

      105 Bloomington St

      RETAIL STORES (PERSONAL SERVICES)
      105 Bloomington St, Lowell, AR 72745-9658
      View Details
    • Value Estimation
      $1,295,000
      13,918 SF

      317 Commercial Ave

      RETAIL STORES (PERSONAL SERVICES)
      317 Commercial Ave, Lowell, AR 72745-8881
      View Details
    • Value Estimation
      $11,660,000
      115,043 SF

      801 Metro Pl

      RETAIL STORES (PERSONAL SERVICES)
      801 Metro Pl, Lowell, AR 72745-6009
      View Details
    • Value Estimation by Request
      2,800 SF

      1004 Bloomington St

      RETAIL STORES (PERSONAL SERVICES)
      1004 Bloomington St, Lowell, AR 72745
      View Details
    • Value Estimation
      $620,000
      9,000 SF

      722 Bloomington St

      RETAIL STORES (PERSONAL SERVICES)
      722 Bloomington St, Lowell, AR 72745-9106
      View Details
    • Value Estimation by Request
      1,140 SF

      716 Bloomington St

      RETAIL STORES (PERSONAL SERVICES)
      716 Bloomington St, Lowell, AR 72745
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,104 SF

      Retail Space with High Traffic

      Commercial retail space with high traffic and business potential.
      209 N Bloomington St, Lowell, AR 72745
      View Details
    • $2,200,000
      10,550 SF

      New Construction Commercial Building on Highway

      New commercial building on high-traffic highway with expansion potential.
      1005 Bloomington St, Lowell, AR 72745
      View Details
    • $2,822,000
      3.24 Acres

      Lowell Land Near JB Hunt

      3.24 acre C-2 zoned parcel near I-49 and JB Hunt.
      319 W Monroe Ave, Lowell, AR 72745
      View Details
    • Contact for pricing
      2,120 SF

      Prime Commercial Property on Hwy

      Commercial property with high visibility and easy access.
      926 N Bloomington St, Lowell, AR 72745
      View Details
    • $120,000
      0.33 Acres

      Commercial Land on Dixieland Road

      0.33 acres with high traffic, ideal for drive-thru business.
      333 N Dixieland Rd, Lowell, AR 72745
      View Details
    • Contact for pricing
      2,664 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage, suitable for various businesses.
      719 Old Wire Rd, Lowell, AR 72745
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,301 SF

      Retail Space in High-Growth Area

      Retail space available in a high-growth area with ample parking.
      101 Monument St, Lowell, AR 72745
      View Details
    • Contact for pricing

      Lowell Office/Retail Space Available

      Modern office/retail space in Lowell, Arkansas, near Bloomington Street.
      225 N Bloomington St, Lowell, AR 72745
      View Details
    • $1.00 SF/Yr
      931 SF

      Lowell Retail Space For Lease

      Versatile commercial space in high-traffic Lowell business strip center.
      324 N Bloomington St, Lowell, AR 72745
      View Details
    • $20 SF/Yr
      8,050 SF

      Lowell Retail/Warehouse Space Available

      Retail and warehouse space with high traffic count in Lowell.
      329 Bloomington St, Lowell, AR 72745
      View Details
    • New
      $15 SF/Yr
      2,100 SF

      Flex Industrial Suite with Roll-Up Doors

      Multi-section flex/industrial building with 12' roll-up doors and road frontage in Lowell.
      1005 Bloomington St, Lowell, AR 72745
      View Details
    • Contact for pricing
      931 SF

      Lowell Retail/Commercial Space For Lease

      Versatile commercial space in high-traffic Lowell business center.
      324 N Bloomington St, Lowell, AR 72745
      View Details
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    Lowell, AR 72745
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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.

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