1600 Elm St Hope, AR 71801-8106
Property profile & analytics
1600 Elm St Hope, AR 71801-8106
- Retail space
- 2,603 SF
- 0.57 lot acres
Property ID
US05-1618939
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
- Delta Medical Supply / Medical Supply Store
Property Details for 1600 Elm St
- Year built
- 1992
- Lot size
- 0.57 lot acres
- Property size
- 2,603 SF
- Property type
- Retail space
- APN
- 700-02742-000-C
- APU
- 70002742000C
Description
This exceptional mixed-use investment property, located at 1600 S. Elm St, Hope, AR 71801, presents a compelling opportunity. The 3,050 square foot, Class A building, constructed in 1992, features a duplex configuration ideal for generating immediate income. Currently, one 1,525 sq ft unit is occupied by a medical supply company, providing a steady stream of rental revenue. The second, equally sized unit is vacant, offering significant upside potential in this growing market. The property boasts a desirable location in a high-traffic area, further enhancing its investment appeal. The 0.574-acre lot includes 10 parking spaces and offers additional development possibilities. Recent improvements include a new roof and exterior paint. Furthermore, the property presents the potential for additional revenue streams, including a possible cell tower lease. The asking price is $225,800, translating to $74.03 per square foot. The property is zoned for commercial retail use and is a single-owner property. This two-story building is a value-add opportunity with existing commercial tenants. The property is currently 50% occupied.
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
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Location Insight
- Map
- Local Demand
- City
- Hope
- County
- Hempstead
- State
- Arkansas
- Longitude
- -93.5886
- Latitude
- 33.6534
- CBSA code
- 26260
- CBSA name
- HOPE, 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
$2,043
$2,810
$38,290
$41,100
-
$14,050
$191,450
$205,500
