Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    135 College Dr Melbourne, AR 72556-8603

    • High-rise multifamily apartments
    • 1,380 SF
    • 4.43 lot acres
    OFF-MARKET
    Value Estimation
    $405,000
    Location Intelligence
    Property ID
    US05-1292113
    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

    • High-rise multifamily apartments

    Property Details for 135 College Dr

    Lot size
    4.43 lot acres
    Property size
    1,380 SF
    Property type
    High-rise multifamily apartments
    APN
    531-00025-000
    APU
    53100025000

    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
    -91.8969
    Latitude
    36.0564

    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
    $0.00
    $15,500
    $210,260
    $225,760
    -
    $77,500
    $1,051,300
    $1,128,800

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      Melbourne, AR 72556

      HIGH-RISE APARTMENTS • 2,700 SF
      Melbourne, AR 72556
      View Details
    • Value Estimation by Request
      2,016 SF

      Melbourne, AR 72556

      HIGH-RISE APARTMENTS • 2,016 SF
      Melbourne, AR 72556
      View Details
    • Value Estimation
      $365,000
      1,080 SF

      Melbourne, AR 72556

      HIGH-RISE APARTMENTS • 1,080 SF
      Melbourne, AR 72556
      View Details
    • Value Estimation by Request
      15 SF

      4700 Mt Olive Rd

      CAMPGROUND, RV PARK • 15 SF
      4700 Mt Olive Rd, Melbourne, AR 72556-9091
      View Details
    • Value Estimation by Request
      0.08 Acres

      Melbourne, AR 72556

      VACANT COMMERCIAL LAND • 0.08 Acres
      Melbourne, AR 72556
      View Details
    • Value Estimation by Request
      2.40 Acres

      Melbourne, AR 72556

      VACANT COMMERCIAL LAND • 2.40 Acres
      Melbourne, AR 72556
      View Details

    Similar Nearby for Sale

    • $155,000
      1.27 Acres

      Riverfront Lot with RV Included

      1.27-acre property with 300 feet of White River frontage.
      300 Mt Olive Mnr Dr, Melbourne, AR 72556
      View Details
    • $299,000
      1,262 SF

      Log Cabin on 32 Acres

      Secluded 3-bedroom log cabin on 32 acres in North Central Arkansas.
      4217 Millcreek Rd, Melbourne, AR 72556
      View Details
    • $89,900
      0.31 Acres

      Prime Commercial Property in Melbourne, AR

      Commercial property in the heart of downtown Melbourne, Arkansas.
      41 S Spring St, Melbourne, AR 72556
      View Details
    • $245,000
      80.00 Acres

      Melbourne, AR Mountain View Acreage

      Diverse 80-acre property with mountain views near White River.
      9205 Hwy 9 Hwy, Melbourne, AR 72556
      View Details
    • $348,000
      120.00 Acres

      Melbourne Acreage with Creek

      120 acres ideal for hunting, recreation, and timberland.
      120A Boyce St, Melbourne, AR 72556
      View Details
    • $425,000
      0.50 Acres

      Melbourne Commercial Property - Prime Location

      Half-acre lot, ideal for various businesses.
      302 Main St, Melbourne, AR 72556
      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.
    135 College Dr
    Melbourne, AR 72556-8603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.