1507 E Race Ave Searcy, AR 72143
Property profile & analytics
1507 E Race Ave Searcy, AR 72143
- Strip malls
- 10,000 SF
- 0.60 lot acres
Property ID
US05-1950325
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.
Location Intelligence
Current Use by Public Records
- Re/Max Advantage: Laws Eddie / Real Estate Agency
- ATM (Regions Bank) / Atm
- Families Inc / Family Counselor
- Leah Norton / Foster Care Service / Social Service Agency
- Brian Mcglenn / Counselor / Social Worker
Property Details for 1507 E Race Ave
- Year built
- 1998
- Lot size
- 0.60 lot acres
- Property size
- 10,000 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 016-03041-000
- APU
- 1603041000
Description
This exceptional 10,000 square foot multi-tenant office building presents a compelling value-add investment opportunity in Searcy, Arkansas. Currently 66% occupied, the property features 3,450 square feet of immediately available space, complemented by existing leases with established tenants, including State Farm and Restore Hope. The building boasts 14 private offices, a spacious reception and waiting area, ample storage including a dedicated server/file room, and convenient on-site parking. Its prime location on East Race Avenue offers excellent visibility and accessibility, situated near Harding University, downtown Searcy, and numerous restaurants and businesses. The flexible layout allows for customization to suit various business needs, making it ideal for both established companies seeking expansion and new ventures seeking a well-appointed space. This triple-net (NNN) leased property offers a strong potential for increased occupancy and rental income, representing a significant opportunity for investors seeking a stable and growing asset in a thriving Arkansas community. The property's versatile design, coupled with its strategic location, makes it an attractive option for a wide range of businesses, from medical practices to traditional offices and counseling services. This is a rare chance to acquire a well-maintained, high-traffic office building in a desirable area of Searcy.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Searcy
- County
- White
- State
- Arkansas
- Longitude
- -91.7207
- Latitude
- 35.2503
- 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
$6,547
$23,620
$137,640
$161,260
-
$118,100
$688,200
$806,300
