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    122 Main St Berryville, AR 72616
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    Property profile & analytics

    122 Main St Berryville, AR 72616

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    • Warehouses
    • 1,920 SF
    • 0.47 lot acres
    For Sale
    $140,000
    View Listing →
    Self-Storage Facility with Expansion Potential For Sale
    $140,000
    1,920 SF

    Self-Storage Facility with Expansion Potential

    Self-storage facility with room for customization and expansion.

    122 Main Street, Berryville, AR 72616
    View Listing
    Property ID
    US05-0918699
    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

    • Warehouses

    Property Details for 122 Main St

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.47 lot acres
    Property size
    1,920 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    875-00052-000
    APU
    87500052000

    Description

    This exceptional 1,920-square-foot warehouse property, located at 122 Main Street in Berryville, Arkansas, presents a unique investment opportunity. Situated on a spacious lot in Carroll County (zip code 72616), this industrial property offers significant potential for expansion and customization. Currently configured with a mix of storage units, including fourteen 10x4 units, fifteen 10x8 units, two 20x13 units equipped with garage doors, and five covered open bays measuring 20.5 x 11.6 feet, the property provides immediate income potential. The existing structure offers a solid foundation for a variety of uses, while the ample land allows for the addition of more storage units to meet growing demand. Further enhancing the investment potential is an existing billboard, offering additional rental income streams. This property is priced at $140,000 and represents a compelling opportunity for investors seeking a versatile and expandable asset in a thriving market. The property's location in Berryville, Arkansas, offers convenient access to major transportation routes and a growing local economy. This is a rare chance to acquire a property with immediate income and significant upside potential. Don't miss this chance to craft your own success story.

    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
    Berryville
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.5683
    Latitude
    36.3654

    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
    $842
    $11,390
    $4,000
    $15,390
    -
    $56,950
    $20,000
    $76,950

    Comparable in this City

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      14,050 SF

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      MINI-WAREHOUSE, STORAGE • 14,050 SF
      360 Hwy 21st N, Berryville, AR 72616-4937
      View Details
    • Value Estimation by Request
      4,900 SF

      4347 Hwy 62nd W

      MINI-WAREHOUSE, STORAGE • 4,900 SF
      4347 Hwy 62nd W, Berryville, AR 72616-8952
      View Details
    • Value Estimation by Request
      6,000 SF

      14344 Hwy 21st S

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      14344 Hwy 21st S, Berryville, AR 72616-9598
      View Details
    • Value Estimation by Request
      12,840 SF

      Hwy 21st E

      MINI-WAREHOUSE, STORAGE • 12,840 SF
      Hwy 21st E, Berryville, AR 72616
      View Details
    • Value Estimation
      $1,610,000
      33,920 SF

      1306 Trimble Ave

      MINI-WAREHOUSE, STORAGE • 33,920 SF
      1306 Trimble Ave, Berryville, AR 72616-4632
      View Details
    • Value Estimation
      $870,000
      10,860 SF

      1222 Carolyn Ln

      MINI-WAREHOUSE, STORAGE • 10,860 SF
      1222 Carolyn Ln, Berryville, AR 72616
      View Details

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      Self-Storage Facility with Expansion Potential

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    Berryville, AR 72616
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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.

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