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    1103 N Arkansas Ave Russellville, AR 72801
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    1103 N Arkansas Ave Russellville, AR 72801

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    • Drive through restaurants
    • 1,660 SF
    • 0.51 lot acres
    For Sale
    $695,000
    View Listing →
    Restaurant Building in Prime Location For Sale
    $695,000
    1,660 SF

    Restaurant Building in Prime Location

    High-visibility restaurant with drive-thru near Arkansas Tech University.

    1103 N Arkansas Avenue, Russellville, AR 72801
    View Listing
    Property ID
    US05-0735702
    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

    • Bobs Burgers / Restaurant

    Property Details for 1103 N Arkansas Ave

    Year built
    1990
    Lot size
    0.51 lot acres
    Property size
    1,660 SF
    Property type
    Drive through restaurants
    APN
    752-00047-000C
    APU
    75200047000C

    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
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.1338
    Latitude
    35.2887
    CBSA code
    40780
    CBSA name
    RUSSELLVILLE, AR MICROPOLITAN 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
    2024
    $3,024
    $38,000
    $27,590
    $65,590
    -
    $190,000
    $137,950
    $327,950

    Comparable in this City

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    • Value Estimation
      $750,000
      11,560 SF

      Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 11,560 SF
      Main St, Russellville, AR 72801
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    • Value Estimation by Request
      578 SF

      311 Arkansas Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 578 SF
      311 Arkansas Ave, Russellville, AR 72801-5010
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      4,431 SF

      Arkansas

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,431 SF
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      1,697 SF

      108 Commerce Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,697 SF
      108 Commerce Ave, Russellville, AR 72801-3711
      View Details
    • Value Estimation by Request
      2,392 SF

      915 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,392 SF
      915 Main St, Russellville, AR 72801-5251
      View Details

    Similar Nearby for Sale

    • $695,000
      1,660 SF

      Restaurant Building in Prime Location

      High-visibility restaurant with drive-thru near Arkansas Tech University.
      1103 N Arkansas Ave, Russellville, AR 72801
      View Details
    • Contact for pricing

      Retail Space in Russellville, AR

      Ground-level retail space in mixed-use development near Arkansas Tech.
      401 North Independence Ave, Russellville, AR 72801
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      Russellville Commercial Building with Land

      Versatile commercial building with showroom, offices, and potential uses.
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    • $219,000
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      Versatile Commercial Property in Russellville

      High-traffic location, suitable for retail, office, or service-based businesses.
      1615 S Arkansas Ave, Russellville, AR 72801
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    • $500,000
      14,365 SF

      Income-Producing Property Near Russellville Center

      Income property with stable tenants, near the center of Russellville.
      512 S Arkansas Ave, Russellville, AR 72801
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    • $159,900
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      Russellville Commercial Property For Sale

      Commercial property suitable for retail, office, or other uses.
      1015 N Arkansas Ave, Russellville, AR 72801
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    Similar Nearby for Lease

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      3,000 SF

      Retail Space Near Arkansas Tech

      Retail space in mixed-use complex, near Arkansas Tech University.
      401 N Independence Ave, Russellville, AR 72801
      View Details
    • Contact for pricing

      Retail Center in Russellville Corridor

      Multi-tenant retail center with high traffic and flexible space.
      319 Weir Rd, Russellville, AR 72801
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    • Contact for pricing
      1,100 SF

      Retail Space For Lease

      Retail space available for lease in Russellville, Arkansas.
      224 Jonesboro Ave, Russellville, AR 72801
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    • $16 SF/Yr

      Prime Commercial Space For Rent

      6,000 sq ft commercial space in premier medical district.
      3209 W Main Pl, Russellville, AR 72801
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    • Contact for pricing
      738 SF

      Commercial Space Near Arkansas Tech

      Commercial space for lease near Arkansas Tech University.
      535 N El Paso Ave, Russellville, AR 72801
      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      744
    • Avg Time on site
      36 min
    View Listing
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    Russellville, AR 72801
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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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