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    1500 W Dewitt Henry Dr Beebe, AR 72012
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    Property profile & analytics

    1500 W Dewitt Henry Dr, Beebe, AR 72012

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    • Banks
    • 5,888 SF
    • 0.69 lot acres
    For Lease
    $14 SF/Yr
    View Listing →
    Bank and Office Space Available For Lease
    $14 SF/Yr

    Bank and Office Space Available

    Bank and co-working space for lease or sale.

    1500 W Dewitt Henry Dr, Beebe, AR 72012
    View Listing
    Property ID
    US05-2110456
    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

    • The Church of Jesus Christ of Latter-day Saints / Church
    • ATM (Regions Bank) / Atm
    • Regions Mortgage / Loan Service / Bank
    • Regions Bank / Bank / Loan Service

    Property Details for 1500 W Dewitt Henry Dr

    Year built
    1982
    Lot size
    0.69 lot acres
    Property type
    Banks
    APN
    004-03347-000
    APU
    403347000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 19, 2013 — Recap Holdings LLC Recap LLC Deed —

    Description

    This exceptional Beebe, Arkansas commercial property, located at 1500 W Dewitt Henry Dr, 72012, offers a unique blend of retail and office space. The 11,776 square foot, two-story Class B building, constructed in 1982, sits on a 0.69-acre lot and features one building with an elevator. Currently, there is 5,940 square feet of vacant space available, divisible into units as small as 975 square feet and up to a contiguous 4,965 square feet. The property's versatile layout caters to various business needs. The ground floor boasts a former bank space complete with a two-car drive-thru window and ATM location, ideal for financial institutions or businesses requiring high visibility and convenient customer access. The second floor provides professional office space, perfect for co-working environments or individual offices, easily accessible via the building's elevator. The building's convenient location across from the ASU-Beebe campus adds significant appeal. This property presents a compelling investment opportunity for businesses seeking a prominent presence in a thriving community. The property's APN is 24330153. Multiple tenants are possible.

    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
    Beebe
    County
    White
    State
    Arkansas
    Longitude
    -91.9011
    Latitude
    35.0745
    CBSA code
    42620
    CBSA name
    SEARCY, AR MICROPOLITAN 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
    2024
    $9,354
    $24,040
    $246,370
    $270,410
    -
    $120,200
    $1,231,850
    $1,352,050

    Comparable in this City

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      1801 Dewitt Henry Dr

      FINANCIAL BUILDING
      1801 Dewitt Henry Dr, Beebe, AR 72012-2026
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      $755,000
      2,558 SF

      901 Asu Blvd

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      22 Hwy 64th W

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      400 Ctr St

      FINANCIAL BUILDING
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      5,824 SF

      310 Dewitt Henry Dr

      RETAIL STORES (PERSONAL SERVICES)
      310 Dewitt Henry Dr, Beebe, AR 72012-2206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,965 SF

      Office and Bank Building For Sale

      Two-story building with bank branch and professional office space.
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      10,800 SF

      Beebe Bank and Office Building

      Bank and office space for sale or lease in Beebe.
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      25,080 SF

      Retail Property with Ample Parking

      Retail space for sale with high traffic and parking.
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    • $400,000
      2.76 Acres

      Commercial Land in Beebe, AR

      2.76 acre commercial property with frontage on Dewitt Henry.
      1105 Dewitt Henry Dr, Beebe, AR 72012
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      6,566 SF

      Sun Auto Tire Plaza

      Automotive and retail property for sale.
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      Beebe Commercial Property with Shop

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      205 Dugger Rd, Beebe, AR 72012
      View Details
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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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