Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1208 Pleasure Ave Searcy, AR 72143-5151

    • Office buildings
    • 2,316 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Jun 07, 2021
    $122,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1646874
    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

    • Jason Fuller Speech Language / Physician
    • Jacob Tomlinson / Physician
    • Ellisa Boothe / Physician
    • Summer Dunaway / Spa & Massage Center / Alternative Medicine Practice
    • Molly White / Physician

    Property Details for 1208 Pleasure Ave

    Year built
    1961
    Lot size
    0.20 lot acres
    Property size
    2,316 SF
    Property type
    Office buildings
    APN
    016-02566-000
    APU
    1602566000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.7501
    Latitude
    35.2481
    CBSA code
    42620
    CBSA name
    SEARCY, 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
    $1,226
    $7,110
    $23,090
    $30,200
    -
    $35,550
    $115,450
    $151,000

    Comparable in this City

    • Value Estimation by Request
      640 SF

      104 Race Ave

      OFFICE BUILDING • 640 SF
      104 Race Ave, Searcy, AR 72143-4214
      View Details
    • Value Estimation by Request
      3,360 SF

      211 Rand St

      OFFICE BUILDING • 3,360 SF
      211 Rand St, Searcy, AR 72143-6009
      View Details
    • Value Estimation by Request
      4,600 SF

      4 Searcy Municipal Airport

      OFFICE BUILDING • 4,600 SF
      4 Searcy Municipal Airport, Searcy, AR 72143
      View Details
    • Value Estimation by Request
      4,005 SF

      6 Searcy Municipal Airport

      OFFICE BUILDING • 4,005 SF
      6 Searcy Municipal Airport, Searcy, AR 72143-8013
      View Details
    • Value Estimation by Request
      1,500 SF

      100 Spg St

      OFFICE BUILDING • 1,500 SF
      100 Spg St, Searcy, AR 72143-7717
      View Details
    • Value Estimation by Request
      962 SF

      809 Hwy 323rd S

      OFFICE BUILDING • 962 SF
      809 Hwy 323rd S, Searcy, AR 72143-9525
      View Details

    Similar Nearby for Sale

    • New
      $599,000
      7,000 SF

      Updated Commercial Property in Searcy

      Move-in ready retail/office spaces with storage in high-visibility area.
      2213-2217 E Race Ave, Searcy, AR 72143
      View Details
    • New
      $900,000
      16,445 SF

      Searcy Commercial Investment Opportunity

      16,000 sq ft building with showroom, living quarters, shop.
      3369 36 Hwy, Searcy, AR 72143
      View Details
    • $300,000
      3,746 SF

      Downtown Searcy Building and Land

      Building in the heart of downtown Searcy, Arkansas.
      311 N Spruce St, Searcy, AR 72143
      View Details
    • Contact for pricing
      2,200 SF

      Searcy Office Space Available

      2200 SF office space with high visibility.
      1633 Beebe Capps Expy, Searcy, AR 72143
      View Details
    • Contact for pricing
      3,701 SF

      Renovated Office Space Near I57

      Updated office space featuring 11 offices, conference room, and kitchen.
      2220 Taylor Rd, Searcy, AR 72143
      View Details
    • Contact for pricing
      10,000 SF

      Searcy Office Space For Sale/Lease

      Prime Searcy location, move-in ready offices
      1507 Race Ave, Searcy, AR 72143
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease with C-3 zoning.
      W Beebe Capps Expy, Searcy, AR 72143
      View Details
    • $12 SF/Yr
      6,300 SF

      Searcy Medical Office Space

      Prime Medical/Office Building, 6,300 SF
      1602 Booth Rd, Searcy, AR 72143
      View Details
    • $20 SF/Yr
      4,731 SF

      Searcy Retail Space Available

      Prime Searcy location, 4,731 sq ft.
      3512 Race Ave, Searcy, AR 72143
      View Details
    • $3,000 /Mo

      Large Commercial Shop

      Large Industrial/Commercial Shop for Lease (Right off interstate)
      2100 E Booth Rd, Searcy, AR 72143
      View Details
    • $875 /Mo
      6,857 SF

      Remodeled Warehouses with Office Space

      Newly remodeled warehouse spaces with offices, restrooms, bay doors.
      1927 West Beebe Capps Expy, Searcy, AR 72143
      View Details
    • $2,683 /Mo
      2,300 SF

      Retail Space Near Harding University

      2300 SF retail space with high visibility frontage.
      1631 E Beebe Capps Expy, Searcy, AR 72143
      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.
    1208 Pleasure Ave
    Searcy, AR 72143-5151
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!