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    Property profile & analytics

    116 Elm St Hope, AR 71801-4311

    • Retail space
    • 8,340 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-1926544
    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

    • Bob's Antiques / Antique Store

    Property Details for 116 Elm St

    Year built
    1900
    Lot size
    0.10 lot acres
    Property size
    8,340 SF
    Property type
    Retail space
    APN
    700-00155-000-C
    APU
    70000155000C

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.5935
    Latitude
    33.6679
    CBSA code
    26260
    CBSA name
    HOPE, 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
    2023
    $515
    $890
    $9,470
    $10,360
    -
    $4,450
    $47,350
    $51,800

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      214 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      214 2nd St, Hope, AR 71801-4403
      View Details
    • Value Estimation by Request
      6,240 SF

      304 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 6,240 SF
      304 3rd St, Hope, AR 71801-5308
      View Details
    • Value Estimation by Request
      3,910 SF

      307 Edgewood St

      RETAIL STORES (PERSONAL SERVICES) • 3,910 SF
      307 Edgewood St, Hope, AR 71801-5511
      View Details
    • Value Estimation by Request
      3,300 SF

      215 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,300 SF
      215 Main St, Hope, AR 71801-4319
      View Details
    • Value Estimation by Request
      6,500 SF

      1205 Hervey St

      RETAIL STORES (PERSONAL SERVICES) • 6,500 SF
      1205 Hervey St, Hope, AR 71801-6416
      View Details
    • Value Estimation by Request
      2,888 SF

      1001 3rd St

      RETAIL STORES (PERSONAL SERVICES) • 2,888 SF
      1001 3rd St, Hope, AR 71801-4106
      View Details

    Similar Nearby for Sale

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      Prime location, vacant retail space. High-return potential.
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    • $225,800
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      Hope, AR Mixed-Use Investment

      High-cash-flow duplex, prime location.
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    116 Elm St
    Hope, AR 71801-4311
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    Realmo Value Estimation

    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.

    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.

    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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