Property profile

1182 Hwy 71st S Mena, AR 71953

OFF-MARKET
Office buildings
Property ID
US05-1899216
1,040 SF 0.51 ac lot Built 1992
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This fully remodeled office building contains two office spaces within a total building area of 1,040 square feet, situated on a 0.17-acre lot in Mena, Arkansas (Polk County). The property is positioned in a high-traffic area with visibility and is located near commercial amenities such as restaurants, gas stations, motels, and retail, as well as nearby residential subdivisions. A portion of the site provides views overlooking Cox Lake, with lake activity including ducks, geese, and fish. The building layout is configured to support two separate office rentals, and one side has historically been operated under an existing lease arrangement; utilities include water paid by the property, while lessees have been responsible for power expenses, with property expenses otherwise including taxes and insurance.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1992
Construction FRAME
Total area 1,040 SF
Lot 0.51 ac (22,085 SF)
APN 6000-01976-0000
UPID US05-1899216

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1182 Hwy 71st S Mena, AR 71953-3908
Mena metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2018
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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