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    Property profile & analytics

    15190 Russell Rd Siloam Springs, AR 72761-9046

    • Office buildings
    • 44,121 SF
    • 39.98 lot acres
    OFF-MARKET
    Value Estimations
    $9,720,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0430425
    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

    • Office buildings

    Property Details for 15190 Russell Rd

    Lot size
    39.98 lot acres
    Property size
    44,121 SF
    Property type
    Office buildings
    APN
    18-13987-000
    APU
    1813987000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,170,000
      6.5%
      $11,235,000
      7%
      $10,435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,445,000
      Market price range: $4.05M - $10.4M
      AI Estimate
      $7,477,000
      Market price range: $2.56M - $7.48M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,030,000
      Current use
      RESTAURANT
      $15,535,000
      Change: +121% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $14,740,000
      Change: +110% Conversion: Easy
      MEDICAL BUILDING
      $12,065,000
      Change: +72% Conversion: Easy
      COMMERCIAL (GENERAL)
      $9,020,000
      Change: +28% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,850,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $7,915,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Siloam Springs
    County
    Benton
    State
    Arkansas
    Longitude
    -94.4757
    Latitude
    36.2056
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 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
    $53,375
    $72,760
    $951,710
    $1,024,470
    -
    $363,800
    $4,758,550
    $5,122,350

    Comparable in this City

    • Value Estimation by Request
      1,224 SF

      701 Mt Olive St

      OFFICE BUILDING • 1,224 SF
      701 Mt Olive St, Siloam Springs, AR 72761-3645
      View Details
    • Value Estimation by Request
      968 SF

      1931 Hwy 412th E

      OFFICE BUILDING • 968 SF
      1931 Hwy 412th E, Siloam Springs, AR 72761-8604
      View Details
    • Value Estimation
      $940,000
      7,040 SF

      670 Heritage Ct

      OFFICE BUILDING • 7,040 SF
      670 Heritage Ct, Siloam Springs, AR 72761-3912
      View Details
    • Value Estimation
      $780,000
      3,840 SF

      3890 Hwy 412th E

      OFFICE BUILDING • 3,840 SF
      3890 Hwy 412th E, Siloam Springs, AR 72761-8510
      View Details
    • Value Estimation by Request
      1,008 SF

      519 Mt Olive St

      OFFICE BUILDING • 1,008 SF
      519 Mt Olive St, Siloam Springs, AR 72761-3601
      View Details
    • Value Estimation
      $1,135,000
      5,156 SF

      17461 Hwy 16

      OFFICE BUILDING • 5,156 SF
      17461 Hwy 16, Siloam Springs, AR 72761-9352
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,408 SF

      Siloam Springs NNN Investment Opportunity

      20-year NNN lease with attractive rental increases in Siloam Springs.
      1995 Highway 412 E, Siloam Springs, AR 72761
      View Details
    • Contact for pricing
      5,600 SF

      Downtown Siloam Springs Office Buildings

      Two well-maintained office buildings in downtown Siloam Springs.
      101-103 N Broadway St, Siloam Springs, AR 72761
      View Details
    • $264,000
      5,372 SF

      Siloam Springs Office Building Opportunity

      Office building with high traffic location and redevelopment potential.
      514 S Mount Olive St, Siloam Springs, AR 72761
      View Details
    • $979,000
      5,600 SF

      Downtown Siloam Springs Office Buildings

      Two well-maintained buildings with recent upgrades and tenant leases.
      101-103 N Broadway St, Siloam Springs, AR 72761
      View Details
    • $1,300,000
      14,632 SF

      Mixed-Use Building in Downtown Siloam

      Mixed-use property with retail, office, and residential spaces.
      116 South Broadway St, Siloam Springs, AR 72761
      View Details
    • Contact for pricing
      972 SF

      Siloam Springs Office Space Available

      972 SF office space with high visibility and accessibility.
      885 Dogwood St, Siloam Springs, AR 72761
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Siloam Springs Office Space Available

      Office spaces available, ranging from 3,327 to 5,796 square feet.
      603 N Progress Ave, Siloam Springs, AR 72761
      View Details
    • Contact for pricing

      Siloam Springs Commercial Building For Rent

      Commercial building with dock doors, office space, and covered area.
      501 N Lincoln St, Siloam Springs, AR 72761
      View Details
    • $25 SF/Yr

      Retail Space Near Walmart

      Prime retail leasing opportunity with high visibility and ample parking.
      3200 Highway 412 E, Siloam Springs, AR 72761
      View Details
    • Contact for pricing

      Siloam Springs Land for Sale

      Cleared land with railroad access, ready for development.
      Britt St, Siloam Springs, AR 72761
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Retail space with high visibility and ample parking.
      3200 Us-412, Siloam Springs, AR 72761
      View Details
    • Contact for pricing

      Siloam Springs Land for Sale

      Cleared land with railroad access, ready for development.
      Britt St, Siloam Springs, AR 72761
      View Details
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    Siloam Springs, AR 72761-9046
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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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