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    Property profile & analytics

    1501 Washington St Forrest City, AR 72335-2152

    • Medical offices
    • 7,908 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US05-2394274
    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

    • DaVita Forrest City At Home / Dialysis Center / Local Medical Services
    • DaVita Forrest City Dialysis / Dialysis Center

    Property Details for 1501 Washington St

    Year built
    1996
    Lot size
    0.48 lot acres
    Property size
    7,908 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0755-00005-0001
    APU
    755000050001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $275,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $260,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $330,000
      Mixed-Use
      $305,000
      Hospitality
      $320,000
      Educational
      $360,000
      Residential Income
      $345,000
      Energy
      $335,000
      Income-Based Land
      $335,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Forrest City
    County
    St. Francis
    State
    Arkansas
    Longitude
    -90.7883
    Latitude
    35.0242
    CBSA code
    22620
    CBSA name
    FORREST CITY, 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
    $4,121
    $9,100
    $84,110
    $93,210
    -
    $45,500
    $420,550
    $466,050

    Comparable in this City

    • Value Estimation by Request
      8,900 SF

      210 Barrow Hl Rd

      MEDICAL BUILDING • 8,900 SF
      210 Barrow Hl Rd, Forrest City, AR 72335-9518
      View Details
    • Value Estimation by Request
      1,377 SF

      1220 Washington St

      MEDICAL BUILDING • 1,377 SF
      1220 Washington St, Forrest City, AR 72335-2121
      View Details
    • Value Estimation by Request
      5,560 SF

      Holiday Dr

      MEDICAL BUILDING • 5,560 SF
      Holiday Dr, Forrest City, AR 72335
      View Details
    • Value Estimation
      $210,000
      4,636 SF

      4850 Washington St

      MEDICAL BUILDING • 4,636 SF
      4850 Washington St, Forrest City, AR 72335-7674
      View Details
    • Value Estimation
      $695,000
      28,200 SF

      4451 Washington St

      MEDICAL BUILDING • 28,200 SF
      4451 Washington St, Forrest City, AR 72335-7711
      View Details
    • Value Estimation
      $50,000
      1,200 SF

      602 Washington St

      MEDICAL BUILDING • 1,200 SF
      602 Washington St, Forrest City, AR 72335-3316
      View Details

    Similar Nearby for Sale

    • New
      $60,000
      2,484 SF

      Downtown Forrest City Office Building

      Move-in ready office space in revitalizing downtown area.
      523 Front St, Forrest City, AR 72335
      View Details
    • $225,000
      2,904 SF

      Forrest City Commercial Building

      Commercial building in downtown Forrest City, suitable for various businesses.
      415 E Cross St, Forrest City, AR 72335
      View Details
    • Contact for pricing
      2.90 Acres

      Land in Forrest City, AR

      2.9 acres of land for sale in Forrest City.
      Forrest Lake Rd, Forrest City, AR 72335
      View Details
    • $925,000
      4,500 SF

      Forrest City Retail Opportunity

      Retail property for sale in Forrest City, Arkansas.
      2004 N Washington St, Forrest City, AR 72335
      View Details
    • Contact for pricing
      0.29 Acres

      Residential Lot in Forrest City

      Vacant lot ready for custom home development.
      254 Laney Dr, Forrest City, AR 72335
      View Details
    • $399,900
      668,210 SF

      Forrest City Mobile Home Park

      Mobile home park with 77 lots on 15+ acres.
      Spring St, Forrest City, AR 72335
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,582 SF

      Prime St. Francis County Retail Space

      Freestanding former Wendy's, 2,582 sq ft.
      3302 Washington St, Forrest City, AR 72335
      View Details
    • $8 SF/Yr
      25,000 SF

      Forrest City Retail Space Available

      High-traffic retail space, 12,500 sq ft.
      412 Washington St, Forrest City, AR 72335
      View Details
    • $8 SF/Yr
      14,550 SF

      Forrest City Retail Space Available

      ±14,550 SF Freestanding Retail Building
      2110 Washington St, Forrest City, AR 72335
      View Details
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    Forrest City, AR 72335-2152
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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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