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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1160 40th St Springdale, AR 72762-4832

    • Medical offices
    • 8,700 SF
    • 0.98 lot acres
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0785716
    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

    • MedExpress Primary Care / Medical Clinic / Wellness Center
    • MedExpress Urgent Care / Urgent Care Center / Occupational Health Service
    • Dr. Lynnette Morrison / Family Practice Physician / Practitioner Service Location
    • Jenna Thomas / Nurse Practitioner

    Property Details for 1160 40th St

    Year built
    1986
    Lot size
    0.98 lot acres
    Property size
    8,700 SF
    Zone code
    C2
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    815-30046-100
    APU
    81530046100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $228,000
      Market price range: $181k - $474k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $285,000
      Current use
      RETAIL STORES
      $340,000
      Change: +20% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $335,000
      Change: +18% Conversion: Difficult
      WAREHOUSE, STORAGE
      $285,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1751
    Latitude
    36.1755
    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
    2024
    $12,904
    $88,200
    $291,490
    $379,690
    -
    $441,000
    $1,457,450
    $1,898,450

    Comparable in this City

    • Value Estimation
      $1,010,000
      81,000 SF

      2575 Gene George Blvd

      MEDICAL BUILDING • 81,000 SF
      2575 Gene George Blvd, Springdale, AR 72762-6385
      View Details
    • Value Estimation
      $1,990,000
      9,634 SF

      5201 Willow Crk Dr

      MEDICAL BUILDING • 9,634 SF
      5201 Willow Crk Dr, Springdale, AR 72762-0876
      View Details
    • Value Estimation
      $2,145,000
      8,125 SF

      2926 Huntsville Ave

      MEDICAL BUILDING • 8,125 SF
      2926 Huntsville Ave, Springdale, AR 72762-7726
      View Details
    • Value Estimation
      $215,000
      4,912 SF

      3617 Sunset Ave

      MEDICAL BUILDING • 4,912 SF
      3617 Sunset Ave, Springdale, AR 72762-4955
      View Details
    • Value Estimation
      $705,000
      31,150 SF

      4077 Elm Spgs Rd

      MEDICAL BUILDING • 31,150 SF
      4077 Elm Spgs Rd, Springdale, AR 72762-3748
      View Details
    • Value Estimation by Request
      11,270 SF

      3409 Elm Spgs Rd

      MEDICAL BUILDING • 11,270 SF
      3409 Elm Spgs Rd, Springdale, AR 72762-2754
      View Details

    Similar Nearby for Sale

    • $695,000
      0.43 Acres

      Land in Springdale's Care Corridor

      Land for sale in rapidly developing medical district of Springdale.
      5469 Watkins Ave, Springdale, AR 72762
      View Details
    • Contact for pricing
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      Adaptable Commercial Space For Sale

      Well-maintained building suitable for medical, office, or professional uses.
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      4,000 SF

      Springdale Commercial Space For Sale

      Second-floor commercial space suitable for medical or professional office use.
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      31,700 SF

      Medical/Office Space in Johnson Square

      New medical/office spaces in vibrant Johnson Square, expected Spring 2026.
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      View Details
    • Contact for pricing
      12,722 SF

      Retail Space in Growing Area

      New retail space in a rapidly expanding Springdale location.
      1311 S 48Th St, Springdale, AR 72762
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      Springdale, AR Medical/Dental Space

      Adaptable commercial space near I-49, suitable for medical or office use.
      5230 Willow Creek Dr, Springdale, AR 72762
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      64,100 SF

      Johnson Square Warehouse District

      Springdale, AR: Prime Commercial Space
      0 Johnson Ml Blvd & Main Dr, Springdale, AR 72762
      View Details
    • $34 SF/Yr
      13,651 SF

      The Crossings: Prime Office Space

      Upscale mixed-use development, multiple spaces available
      5653 Gateway Ave, Springdale, AR 72762
      View Details
    • $18 SF/Yr
      4,000 SF

      Springdale Office Space For Rent

      4,000 SF office space available for lease.
      2576 W Sunset Ave, Springdale, AR 72762
      View Details
    • $32 SF/Yr
      14,017 SF

      Springdale Office Space Available

      Office space available for lease in Springdale, Arkansas.
      5671 Apple Rd, Springdale, AR 72762
      View Details
    • $16 SF/Yr
      1,760 SF

      Springdale Office Space For Rent

      Office space available for lease in Springdale, Arkansas.
      3896 Elm Springs Rd, Springdale, AR 72762
      View Details
    • $25 SF/Yr
      59,500 SF

      Clear Creek Tower Executive Suites

      Premium Springdale Office Space Available
      4100 Corporate Center Dr, Springdale, AR 72762
      View Details

    Property Visit Statistics

    • Visits by month
      15.7k
    • Visitors by month
      10.7k
    • Avg Time on site
      8 min
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    Springdale, AR 72762-4832
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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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