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    16 Lunen St Melbourne, AR 72556-6031

    • Retail space
    • 10,000 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $210,000
    Location Intelligence
    Property ID
    US05-2017938
    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

    • Retail space

    Property Details for 16 Lunen St

    Lot size
    0.15 lot acres
    Property size
    10,000 SF
    Property type
    Retail space
    APN
    485-00020-000
    APU
    48500020000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Izard
    State
    Arkansas
    Longitude
    -91.9122
    Latitude
    36.0547

    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
    $2,705
    $3,120
    $51,070
    $54,190
    -
    $15,600
    $255,350
    $270,950

    Comparable in this City

    • Value Estimation by Request
      3,248 SF

      32 Lunen St

      RETAIL STORES (PERSONAL SERVICES) • 3,248 SF
      32 Lunen St, Melbourne, AR 72556
      View Details
    • Value Estimation
      $345,000
      2,880 SF

      1195 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      1195 Main St, Melbourne, AR 72556-9191
      View Details
    • Value Estimation by Request
      2,816 SF

      24 Lunen St

      RETAIL STORES (PERSONAL SERVICES) • 2,816 SF
      24 Lunen St, Melbourne, AR 72556
      View Details
    • Value Estimation
      $180,000
      4,000 SF

      31 School Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      31 School Dr, Melbourne, AR 72556-8620
      View Details
    • Value Estimation
      $135,000
      3,762 SF

      482 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,762 SF
      482 Main St, Melbourne, AR 72556-8050
      View Details
    • Value Estimation by Request
      4,920 SF

      1350 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,920 SF
      1350 Main St, Melbourne, AR 72556-9214
      View Details

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    16 Lunen St
    Melbourne, AR 72556-6031
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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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