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    1029 Wagon Wheel Rd, Unit Springdale AR Springdale, AR 72764
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    1029 Wagon Wheel Rd, Unit Springdale AR Springdale, AR 72764

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    • Commercial real estate
    Off-Market
    Property ID
    US05-0454910
    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

    • Commercial real estate

    Property Details for 1029 Wagon Wheel Rd

    Property type
    Commercial real estate

    Description

    Land for sale near the Wagon Wheel and N Thompson Street intersection (Highway 71B) in Springdale, Arkansas. Property has Wagon Wheel Road frontage with a traffic count of 17,000 cars per day, ideal for retail, office and service uses. Dense residential neighborhoods surround the property and is in a path of growth with future Northern Bypass spanning from Interstate 49 east and west to Highway 412.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.13882
    Latitude
    36.224667

    Comparable in this City

    • $1,400,000

      Commercial Land on Thompson Street

      2.01 acre commercial land for sale near retailers.
      1210 S Thompson St, Springdale, AR 72764
      View Details
    • $6,126,830
      Pending

      Springdale Land with Growth Potential

      Large land tract in Springdale, Arkansas, with future growth potential.
      21927-21889 N County Road, Springdale, AR 72764
      View Details
    • Contact for pricing
      9,945 SF

      New Hangar at Springdale Airport

      New construction hangar with mezzanine lounge, completed December 2026.
      1615 Hangar A Airport Ave, Springdale, AR 72764
      View Details
    • $3,488,800
      Pending

      Springdale Land with Growth Potential

      Large land tract with highway access and future bypass.
      4886-4856 Parsons Rd, Springdale, AR 72764
      View Details
    • $9,615,630
      297.15 Acres

      Land with Future Growth Potential

      Large land tract in Springdale with highway access and bypass.
      Parsons Rd, Springdale, AR 72764
      View Details
    • $1,250,000
      2.07 Acres

      Springdale Commercial Land For Sale

      2.07 acre commercial land with planned public improvements.
      Thompson St, Springdale, AR 72764
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Commercial Land on Thompson Street

      2.01 acre commercial land for sale near retailers.
      1210 S Thompson St, Springdale, AR 72764
      View Details
    • $6,126,830
      Pending

      Springdale Land with Growth Potential

      Large land tract in Springdale, Arkansas, with future growth potential.
      21927-21889 N County Road, Springdale, AR 72764
      View Details
    • Contact for pricing
      9,945 SF

      New Hangar at Springdale Airport

      New construction hangar with mezzanine lounge, completed December 2026.
      1615 Hangar A Airport Ave, Springdale, AR 72764
      View Details
    • $3,488,800
      Pending

      Springdale Land with Growth Potential

      Large land tract with highway access and future bypass.
      4886-4856 Parsons Rd, Springdale, AR 72764
      View Details
    • $9,615,630
      297.15 Acres

      Land with Future Growth Potential

      Large land tract in Springdale with highway access and bypass.
      Parsons Rd, Springdale, AR 72764
      View Details
    • $1,250,000
      2.07 Acres

      Springdale Commercial Land For Sale

      2.07 acre commercial land with planned public improvements.
      Thompson St, Springdale, AR 72764
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Heated Warehouse with Overhead Doors

      Heated warehouse with five overhead doors, ready for occupancy.
      775 Old Wire Rd, Springdale, AR 72764
      View Details
    • Contact for pricing
      1,517 SF

      Springdale Flex/Industrial Space Available

      Flex/Industrial space available for lease in Springdale, Arkansas.
      2380 Worth Ln, Springdale, AR 72764
      View Details
    • Contact for pricing
      130,323 SF

      Springdale Warehouse Space Available

      Industrial warehouse space available for lease in Springdale, Arkansas.
      603 N Monitor Rd, Springdale, AR 72764
      View Details
    • Contact for pricing
      1,500 SF

      Springdale Office Space Available

      1500 SF office space for rent in Springdale.
      1333 Arapaho Ave, Springdale, AR 72764
      View Details
    • $13 SF/Yr
      2,000 SF

      Retail Space on Highway 71B

      Retail space with highway frontage, ample parking, and signage.
      812 N Thompson St, Springdale, AR 72764
      View Details
    • $14 SF/Yr
      6,120 SF

      Springdale Flex Warehouse Space

      New flex warehouse with customizable office space in Springdale.
      2303 Worth Ln, Springdale, AR 72764
      View Details
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    Springdale, AR 72764
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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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