Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    104 13Th St Van Buren, AR 72956
    Back to Search
    Property profile & analytics

    104 13Th St Van Buren, AR 72956

    View on Map
    • Wedding venues
    • 4,550 SF
    • 0.82 lot acres
    Off-Market
    Property ID
    US05-1353128
    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

    • Magnolia Place / Hotel & Motel / Resort

    Property Details for 104 13Th St

    Year built
    1940
    Lot size
    0.82 lot acres
    Property size
    4,550 SF
    Property type
    Wedding venues
    Property subtype
    Churches & religious facilities

    Description

    This exceptional mixed-use property, located at 104 N 13th St, Van Buren, AR 72956, presents a unique investment opportunity. The 4,550 square foot building, situated on a 0.82-acre lot, is currently operating at 25% occupancy as a rental venue. Built in 1940 and extensively renovated in 2021, the property boasts a charming blend of historic character and modern amenities. The two-story structure features a full kitchen and conveniently located bathrooms, enhancing its functionality as an event space. The property is zoned R-2, offering flexibility for future development or conversion. With two buildings and a total of two units, this property offers significant potential for increased revenue. The asking price is $499,000, translating to $109.67 per square foot. This net lease investment, classified as Class B, presents a compelling opportunity for value-add investors seeking a unique property in the heart of Van Buren, Arkansas. The property's prime location and versatile zoning provide a strong foundation for a variety of uses, making it an attractive investment for both seasoned and emerging investors. The existing venue setup provides immediate cash flow, while the potential for redevelopment or conversion offers significant long-term upside.

    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
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.345468
    Latitude
    35.4380672

    Comparable in this City

    • $179,999
      1,874 SF

      Historic Gothic Revival Church

      1889 Gothic Revival church in Van Buren's historic district.
      515 Knox St, Van Buren, AR 72956
      View Details
    • $969,500
      7,318 SF

      Wedding & Event Venue For Sale

      Profitable venue with residence on 20.67 acres in Arkansas.
      1820 Oak Grove Rd, Van Buren, AR 72956
      View Details
    • $1,438,462

      Freestanding Starbucks in Van Buren, AR

      Single tenant Starbucks with lease extension in Van Buren, AR.
      2034 Fayetteville Rd, Van Buren, AR 72956
      View Details
    • New
      $390,000
      4,856 SF

      Historic Landmark in Downtown Van Buren

      Turn-of-the-century commercial building with endless potential in thriving historic district.
      600 Main St, Van Buren, AR 72956
      View Details
    • $349,900
      6,144 SF

      Historic Mixed-Use Property in Van Buren

      Spacious mixed-use property with living space and income potential.
      615 Main St, Van Buren, AR 72956
      View Details
    • $110,000
      Pending

      Storage Facility in Van Buren

      Low-maintenance storage unit facility with high exposure potential.
      2244 N 62Nd Ter, Van Buren, AR 72956
      View Details

    Similar Nearby for Sale

    • $179,999
      1,874 SF

      Historic Gothic Revival Church

      1889 Gothic Revival church in Van Buren's historic district.
      515 Knox St, Van Buren, AR 72956
      View Details
    • $969,500
      7,318 SF

      Wedding & Event Venue For Sale

      Profitable venue with residence on 20.67 acres in Arkansas.
      1820 Oak Grove Rd, Van Buren, AR 72956
      View Details
    • $1,438,462

      Freestanding Starbucks in Van Buren, AR

      Single tenant Starbucks with lease extension in Van Buren, AR.
      2034 Fayetteville Rd, Van Buren, AR 72956
      View Details
    • $349,900
      6,144 SF

      Historic Mixed-Use Property in Van Buren

      Spacious mixed-use property with living space and income potential.
      615 Main St, Van Buren, AR 72956
      View Details
    • New
      $390,000
      4,856 SF

      Historic Landmark in Downtown Van Buren

      Turn-of-the-century commercial building with endless potential in thriving historic district.
      600 Main St, Van Buren, AR 72956
      View Details
    • $425,000
      2,096 SF

      Van Buren Commercial Building For Sale

      Two-story commercial building in prime location, suitable for office/retail.
      1000 Main St, Van Buren, AR 72956
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      24,314 SF

      Van Buren Warehouse Space Available

      Two warehouse buildings totaling ±24,314 SF for lease.
      3010 Industrial Park Rd, 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
    • $4,500 /Mo
      8,700 SF

      Van Buren Warehouse with Office

      8,700 SF warehouse with offices and large yard.
      2017 28Th St, Van Buren, AR 72956
      View Details
    • New
      $1,209 /Mo
      1,209 SF

      Historic Downtown Van Buren Commercial Space

      Charming 1209 SF commercial space in historic downtown Van Buren.
      621 Main St, Van Buren, AR 72956
      View Details
    • $1,000 /Mo
      1,600 SF

      Retail Space on Broadway Street

      1600 SF retail space available for lease.
      803 Broadway St, 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
    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.
    104 13Th St
    Van Buren, AR 72956
    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

    Thank You for Inquiry
    104 13Th St, Van Buren, AR, 72956
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!