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    Property profile & analytics

    1403 Hervey St Hope, AR 71801

    • Commercial real estate
    • 71,826 SF
    • 7.45 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-1600042
    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

    • Commercial real estate

    Property Details for 1403 Hervey St

    Lot size
    7.45 lot acres
    Property size
    71,826 SF
    Property type
    Commercial real estate

    Description

    This exceptional retail opportunity in Hope, Arkansas, presents 71,826 square feet of space across seven suites within the established Expo Centre. The center boasts a prime location directly off Interstate 30, ensuring high visibility and convenient access for customers. A significant portion of the center is already occupied by three national tenants: Dollar Tree (13,155 sq ft), Hibbett Sporting Goods, and Anytime Fitness, providing a strong anchor for the property. Currently, 12,790 square feet of retail space is available for lease, offering a chance to establish or expand your business in a thriving commercial area. The single-story building sits on a 7.45-acre lot. Tenants are responsible for their pro rata share of operating expenses. This well-maintained property offers excellent potential for growth and profitability, situated just 35 miles from the Texas state line, tapping into a broader regional market. The property's strategic location and established tenant base make it an attractive investment opportunity. Contact us today to learn more about this exceptional retail center and the available lease options.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.6042366
    Latitude
    33.6795412

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    Hope, AR 71801
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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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