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    1404 28th St Van Buren, AR 72956-2931
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    Property profile & analytics

    1404 28th St, Van Buren, AR 72956-2931

    View on Map
    • Hospitals
    • 51,884 SF
    • 5.00 lot acres
    Off-Market
    Property ID
    US05-1456197
    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
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Van Buren Health & Rehab / Rehabilitation Center / Fitness Center

    Property Details for 1404 28th St

    Year built
    1980
    Lot size
    5.00 lot acres
    Property type
    Hospitals
    APN
    700-07962-000-C
    APU
    70007962000C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 11, 2019 — Wonder Boys Properties Of Arkansas — Deed · related $400k · Simmons Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,451,000
      Market price range: $1.10M - $3.00M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.3252
    Latitude
    35.4543
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-OK METROPOLITAN STATISTICAL AREA

    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
    $39,540
    $20,000
    $812,030
    $832,030
    -
    $100,000
    $4,060,150
    $4,160,150

    Comparable in this City

    • Value Estimation
      $640,000
      38,732 SF

      2010 Main St

      HOSPITAL - PRIVATE
      2010 Main St, Van Buren, AR 72956-4957
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    • Value Estimation
      $855,000
      30,335 SF

      228 Pointer W Trl

      HOSPITAL - PRIVATE
      228 Pointer W Trl, Van Buren, AR 72956-2266
      View Details
    • Value Estimation by Request
      4,316 SF

      1607 Main St

      MEDICAL BUILDING
      1607 Main St, Van Buren, AR 72956-4735
      View Details
    • Value Estimation by Request
      4,256 SF

      2521 Alma Hwy

      MEDICAL BUILDING
      2521 Alma Hwy, Van Buren, AR 72956-5015
      View Details
    • Value Estimation by Request
      17,626 SF

      2010 Chestnut St

      MEDICAL BUILDING
      2010 Chestnut St, Van Buren, AR 72956-5321
      View Details
    • Value Estimation by Request
      9,696 SF

      209 Pointer W Trl

      MEDICAL BUILDING
      209 Pointer W Trl, Van Buren, AR 72956-2238
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,068 SF

      Sonesta Essential Van Buren Hotel

      47-room hotel in Van Buren, AR, renovated in 2024.
      3131 Cloverleaf St, Van Buren, AR 72956
      View Details
    • Contact for pricing

      Retail Space in Cloverleaf Plaza

      Retail space for lease in Van Buren's Cloverleaf Plaza.
      250 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing
      Pending

      Operating Post Office For Sale

      Operating United States Post Office with lease agreement in place.
      6 Us-71, Mountainburg, AR 72956
      View Details
    • $125,000
      5.01 Acres

      Residential Land in Van Buren

      4.72 acre residential lot, build your dream home!
      5 Old Rouw Rd, Van Buren, AR 72956
      View Details
    • $104,000
      0.82 Acres

      Versatile Land in High-Traffic Location

      6.8 acres with road frontage and highway access.
      S 28Th St, Van Buren, AR 72956
      View Details

    Similar Nearby for Lease

    • $1,209 /Mo
      1,209 SF

      Historic Downtown Van Buren Commercial Space

      Charming 1209 SF commercial space in historic downtown Van Buren.
      621 Main St, Van Buren, AR 72956
      View Details
    • $4,500 /Mo
      8,700 SF

      Van Buren Warehouse with Office

      8,700 SF warehouse with offices and large yard.
      2017 28Th St, Van Buren, AR 72956
      View Details
    • Contact for pricing

      Retail/Office Space Available

      Retail or office space in Van Buren, Arkansas.
      2233 Alma Hwy, Van Buren, AR 72956
      View Details
    • $8,500 /Mo
      15,585 SF

      Van Buren Warehouse with Office

      15,585 SF warehouse with office on 2.71 acres.
      1621 28Th St, Van Buren, AR 72956
      View Details
    • $5,996 /Mo
      4,955 SF

      Van Buren Commercial Space Available

      Commercial space for lease in Van Buren, Arkansas.
      1017 Fayetteville Rd, Van Buren, AR 72956
      View Details
    • $858 /Mo
      858 SF

      Charming Commercial Space in Van Buren

      858 SF commercial space in historic downtown Van Buren.
      619 Main St, Van Buren, AR 72956
      View Details
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    Van Buren, AR 72956-2931
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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.

    More about this property
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