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    Property profile & analytics

    1215 Main St Melbourne, AR 72556

    • Turn key restaurants
    • 2,480 SF
    • 1.08 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-1808965
    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

    • Turn key restaurants

    Property Details for 1215 Main St

    Year built
    1981
    Lot size
    1.08 lot acres
    Property size
    2,480 SF
    Property type
    Turn key restaurants
    APN
    516-00046-000
    APU
    51600046000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Izard
    State
    Arkansas
    Longitude
    -91.8855
    Latitude
    36.0594

    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
    $1,454
    $16,200
    $12,920
    $29,120
    -
    $81,000
    $64,600
    $145,600

    Comparable in this City

    • Value Estimation by Request
      1,120 SF

      210 Airport Rd

      RESTAURANT • 1,120 SF
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      $260,000
      3,563 SF

      326 Main St

      RESTAURANT • 3,563 SF
      326 Main St, Melbourne, AR 72556-8282
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    • Value Estimation
      $390,000
      5,250 SF

      500 Main St

      RESTAURANT • 5,250 SF
      500 Main St, Melbourne, AR 72556-8072
      View Details
    • Value Estimation by Request
      1,040 SF

      1163 Main St

      RESTAURANT • 1,040 SF
      1163 Main St, Melbourne, AR 72556-9191
      View Details
    • Value Estimation
      $405,000
      3,068 SF

      745 Main St

      RESTAURANT • 3,068 SF
      745 Main St, Melbourne, AR 72556
      View Details
    • Value Estimation
      $395,000
      3,000 SF

      3775 Main St

      BAR, TAVERN • 3,000 SF
      3775 Main St, Melbourne, AR 72556-8071
      View Details

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    1215 Main St
    Melbourne, AR 72556
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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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