Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    117 Main St Harrison, AR 72601-4227
    Back to Search
    Property profile & analytics

    117 Main St Harrison, AR 72601-4227

    View on Map
    • Retail space
    • 9,636 SF
    • 0.12 lot acres
    Off-Market
    Property ID
    US05-0500210
    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

    • Retail space

    Property Details for 117 Main St

    Year built
    1914
    Lot size
    0.12 lot acres
    Property size
    9,636 SF
    Property type
    Retail space
    APN
    825-00960-000C
    APU
    82500960000C

    Description

    This exceptional retail property, located at 117 N Main Street in the heart of downtown Harrison, Arkansas, presents a unique investment opportunity. Boasting a substantial 9,636 square feet of space spread across three distinct levels, this building offers unparalleled versatility. The current configuration is ideal for retail use, with multiple possibilities for expansion or adaptation. The three separate entrances provide convenient access and potential for multiple tenants or distinct business operations. The prime location on Main Street places the property within the vibrant and revitalizing downtown area, ensuring high visibility and foot traffic. The upper levels present a significant opportunity for conversion into residential living spaces, adding another dimension to the property's income potential. The 0.12-acre lot provides ample space for outdoor activities or potential expansion. Properties of this size and location in Harrison are rarely available, making this a truly exceptional investment prospect. The building's substantial size and flexible layout provide a blank canvas for a wide range of commercial ventures, from retail shops and restaurants to offices and mixed-use developments. Don't miss this chance to acquire a landmark property in a thriving downtown area. Priced at $275,000, this is an opportunity not to be missed.

    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
    Harrison
    County
    Boone
    State
    Arkansas
    Longitude
    -93.107
    Latitude
    36.2305
    CBSA code
    25460
    CBSA name
    HARRISON, 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
    $1,899
    $2,780
    $34,450
    $37,230
    -
    $13,900
    $172,250
    $186,150

    Comparable in this City

    • Value Estimation by Request
      3,168 SF

      Harrison, AR 72601

      RETAIL STORES (PERSONAL SERVICES) • 3,168 SF
      Harrison, AR 72601
      View Details
    • Value Estimation by Request
      6,111 SF

      1010 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,111 SF
      1010 Main St, Harrison, AR 72601-2514
      View Details
    • Value Estimation by Request
      3,224 SF

      120 Rush Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,224 SF
      120 Rush Ave, Harrison, AR 72601-4326
      View Details
    • Value Estimation by Request
      2,071 SF

      118 Stephenson Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,071 SF
      118 Stephenson Ave, Harrison, AR 72601-4224
      View Details
    • Value Estimation by Request
      3,500 SF

      116 Willow St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      116 Willow St, Harrison, AR 72601-4232
      View Details
    • Value Estimation by Request
      1,496 SF

      313 Olive St

      RETAIL STORES (PERSONAL SERVICES) • 1,496 SF
      313 Olive St, Harrison, AR 72601-3715
      View Details

    Similar Nearby for Sale

    • $1,500,000
      4,977 SF

      Mixed-Use Property with Retail Space

      Six residential units plus retail space on busy highway.
      1315 Highway 65 N, Harrison, AR 72601
      View Details
    • $500,000
      14,379 SF

      Historic Mixed-Use Redevelopment Opportunity

      Iconic 4-story building in Harrison's entertainment district.
      201 N Main St, Harrison, AR 72601
      View Details
    • $1,300,000
      9.89 Acres

      Harrison Commercial Development Opportunity

      9.89 acres with highway frontage, ideal for development.
      1520 N 65 Hwy, Harrison, AR 72601
      View Details
    • $550,000
      21,753 SF

      Historic Montgomery Ward Building

      Landmark building with redevelopment potential in downtown Harrison, Arkansas.
      120 N Willow St, Harrison, AR 72601
      View Details
    • $365,000
      1,500 SF

      Retail Property Near Highway 7

      Retail property located on Highway 7 North.
      8049 N Seven Loop, Harrison, AR 72601
      View Details
    • $550,000
      21,753 SF

      Historic Harrison Landmark Building

      Landmark building in downtown Harrison with redevelopment potential.
      120 N Willow St, Harrison, AR 72601
      View Details

    Similar Nearby for Lease

    • $500,000
      27,007 SF

      Historic Commercial Building in Harrison

      Iconic 4-story building in downtown entertainment district.
      201 N Main St, Harrison, AR 72601
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Harrison, AR

      145,000 SF shopping center anchored by Tractor Supply.
      617 Highway 62 N, Harrison, AR 72601
      View Details
    • $5,000 /Mo
      2,706 SF

      Turnkey Medical Office Space

      Well-maintained medical office space for lease near hospital.
      702 N Spring St, Harrison, AR 72601
      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.
    117 Main St
    Harrison, AR 72601-4227
    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
    117 Main St, Harrison, AR, 72601
    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!