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    1508 Hwy 62nd W Mountain Home, AR 72653-5310
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    Property profile & analytics

    1508 Hwy 62nd W Mountain Home, AR 72653-5310

    View on Map
    • Grocery and convenience stores
    • 2,400 SF
    • 0.61 lot acres
    Off-Market
    Property ID
    US05-1855304
    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

    • Tree of Life Natural Foods Juices & Smoothies / Restaurant
    • Exxon / Gas Station
    • BJ Convenience Store 253315 / Grocery & Convenience Store
    • Marathon / Gas Station

    Property Details for 1508 Hwy 62nd W

    Year built
    1960
    Lot size
    0.61 lot acres
    Property size
    2,400 SF
    Property type
    Grocery and convenience stores
    APN
    007-14984-001
    APU
    714984001

    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
    Mountain Home
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.3918
    Latitude
    36.3245
    CBSA code
    34260
    CBSA name
    MOUNTAIN HOME, 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
    2023
    $3,840
    $17,270
    $72,740
    $90,010
    -
    $86,350
    $363,700
    $450,050

    Comparable in this City

    • Value Estimation by Request
      1,976 SF

      10842 Hwy 5th S

      CONVENIENCE STORE • 1,976 SF
      10842 Hwy 5th S, Salesville, AR 72653-9781
      View Details
    • Value Estimation by Request
      3,612 SF

      901 College St

      CONVENIENCE STORE • 3,612 SF
      901 College St, Mountain Home, AR 72653-4737
      View Details
    • Value Estimation by Request
      2,000 SF

      8365 Hwy 201st N

      CONVENIENCE STORE • 2,000 SF
      8365 Hwy 201st N, Mountain Home, AR 72653-8285
      View Details
    • Value Estimation by Request
      2,120 SF

      913 9th St

      CONVENIENCE STORE • 2,120 SF
      913 9th St, Mountain Home, AR 72653-4936
      View Details
    • Value Estimation by Request
      4,000 SF

      611 Hwy 62nd E

      CONVENIENCE STORE • 4,000 SF
      611 Hwy 62nd E, Mountain Home, AR 72653-3207
      View Details
    • Value Estimation by Request
      3,461 SF

      1580 College St

      CONVENIENCE STORE • 3,461 SF
      1580 College St, Mountain Home, AR 72653-5317
      View Details

    Similar Nearby for Sale

    • $499,000
      1,976 SF

      Turnkey Gas Station & Convenience

      Fully operational gas station and convenience store for sale.
      10842 Highway 5 S, Salesville, AR 72653
      View Details
    • $499,000
      1,976 SF

      Gas Station and Convenience Store

      Operating gas station and convenience store on high-traffic route.
      10842 Highway 5 S, Salesville, AR 72653
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    • $395,000

      Mountain Home Commercial Property For Sale

      Commercial property in Mountain Home with high traffic flow.
      108 S Baker St, Mountain Home, AR 72653
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    • $210,000
      4.13 Acres

      Commercial Shop on Unrestricted Acres

      Commercial shop with acreage and highway frontage for sale.
      3754 Highway 5 N, Mountain Home, AR 72653
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    • $590,000
      5,000 SF

      Mountain Home Commercial Building For Sale

      Commercial building with finished area and shop space on 0.75 acres.
      1309 Bradley Dr, Mountain Home, AR 72653
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    • $219,000
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      Mountain Home Commercial Building For Sale

      2200 sq ft commercial building with great possibilities.
      2515 Highway 5 S, Mountain Home, AR 72653
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    Similar Nearby for Lease

    • New
      $3,000 /Mo
      2,000 SF

      Retail Space in Mountain Home

      Retail space available for lease in Mountain Home, Arkansas.
      209 E Wade Ave, Mountain Home, AR 72653
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1012 Highway 62 E, Mountain Home, AR 72653
      View Details
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    Mountain Home, AR 72653-5310
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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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