12329 Three Elms Rd Farmington, AR 72730
Auto shops
Google Maps
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 2
$9 SF/Yr
12329 Three Elms Rd, Farmington, AR 72730
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Estimated value (blended)
$255k
Range $230k – $281k (±10%)
Property ID
US05-0814377
Property summary
AI-generated overview
This exceptional investment opportunity presents two 4,000 square foot metal buildings situated on a 1.87-acre lot in Farmington, Arkansas. Located at 12329 & 12331 Three Elms Rd, this property boasts a prime location, just one mile from downtown Farmington and a convenient five miles from Interstate 49. The buildings, constructed in 2008, offer versatile flex space, ideal for a variety of uses. Each building (APN: 760-03098; 760-03098-001; 760-03098-000) features unique layouts; one includes an office space, while the other is equipped as a fully built-out apartment. Both units include their own bathrooms. The asking price is $695,000, translating to $86.88 per square foot. Currently occupied, this property offers a strong potential for rental income. Please schedule a showing appointment to explore this rare flex space opportunity in a desirable location. The property consists of two buildings, totaling 8,000 square feet.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2008
Total area
4,000 SF
Lot
0.91 ac (39,640 SF)
Zoning code
AA2
APN
760-03098-001
UPID
US05-0814377
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
since 2024
2 recorded transactions
Zoning & alternative use
AA2 · Farmington, AR
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$255k
Value range
$230k – $281k
±10% around blend
Estimated value / SF
$64 / SF
Confidence
Property data
88
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$230k
blend $255k
$281k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,000 SF
Lot area
0.91 ac
Year built
2008
Stories
1
APN
760-03098-001
Assessed value
$47,420
Annual tax
$1,363
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,363
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$255k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 29 sales
$125
-49%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $64/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
272,144.44%
Selected cap rate for this auto shops
Derived from the Farmington market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$24k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9
Move the market yield to see immediate price impact.
Value / SF
$0
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
272,143.94%272,144.44%272,144.94%
$22k
$8
$8
$8
$24k
$9
$9
$8
$27k
$9
$9
$9
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,363
Tax year 2024
Assessed value
$47,420
Assessed 2024
Previous assessed
$47,420
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$7,740
Assessed improvement
$39,680
Land market value
$38,700
Improvement market value
$198,400
Total market value
$237,100
Applied tax rate
61.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
2008
Heating
FLOOR/WALL FURNACE
Stories
1
Total area
4,000 SF
Lot
0.91 ac (39,640 SF)
Zoning code
AA2
APN
760-03098-001
UPID
US05-0814377
Jurisdiction
WASHINGTON
Zoning & alternative use
AA2 · Farmington, ARZoning AA2 · permitted uses
AA2 · Farmington, AR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
2008
Heating
FLOOR/WALL FURNACE
Stories
1
Lot
0.91 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
AA2
Jurisdiction
Farmington, AR
Recorded code
AA2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for AA2 in Farmington, AR.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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