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    Property profile & analytics

    1607 Empire St Lowell, AR 72745

    • Individual retail properties
    • 46,724 SF
    • 3.81 lot acres
    For Sale
    View listing
    $18
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0389857
    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

    • Fitness One / Fitness Center

    Property Details for 1607 Empire St

    Year built
    2008
    Lot size
    3.81 lot acres
    Property size
    46,724 SF
    Property type
    Individual retail properties
    APN
    12-02948-000
    APU
    1202948000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $955,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1316
    Latitude
    36.281
    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
    $67,089
    $202,640
    $1,058,440
    $1,261,080
    -
    $1,013,200
    $5,292,200
    $6,305,400

    Comparable in this City

    • Value Estimation
      $345,000
      3,554 SF

      303 Bloomington St

      CONVENIENCE STORE • 3,554 SF
      303 Bloomington St, Lowell, AR 72745-9136
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    • Value Estimation
      $430,000
      5,106 SF

      104 Bloomington St

      CONVENIENCE STORE • 5,106 SF
      104 Bloomington St, Lowell, AR 72745-9657
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    • Value Estimation
      $455,000
      7,088 SF

      103 Bloomington St

      FINANCIAL BUILDING • 7,088 SF
      103 Bloomington St, Lowell, AR 72745-9493
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    • Value Estimation
      $530,000
      11,374 SF

      225 Bloomington St

      FINANCIAL BUILDING • 11,374 SF
      225 Bloomington St, Lowell, AR 72745-9103
      View Details
    • Value Estimation
      $330,000
      2,120 SF

      926 Bloomington St

      RETAIL STORES (PERSONAL SERVICES) • 2,120 SF
      926 Bloomington St, Lowell, AR 72745-9672
      View Details
    • Value Estimation
      $435,000
      4,024 SF

      400 Monroe Ave

      FINANCIAL BUILDING • 4,024 SF
      400 Monroe Ave, Lowell, AR 72745-9583
      View Details

    Similar Nearby for Sale

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      Lowell Commercial Property on Dixieland

      Commercial property suitable for drive-thru business with high traffic volume.
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    • Contact for pricing
      10,550 SF

      Retail Space in Lowell, AR

      Retail space for lease with road frontage in Lowell, AR.
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      New Construction Commercial Building on Highway

      New commercial building on 1.44 acres with expansion potential.
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    • $1,499,000
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      Lowell Commercial Opportunity on 2.79 Acres

      2.79 acres zoned C-2 Thoroughfare Commercial in Lowell, Arkansas.
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    • Contact for pricing
      7,750 SF

      Lowell Retail/Warehouse Opportunity

      Retail and warehouse space available in Lowell, Arkansas.
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    • $2,500,000
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      Lowell Commercial Building with Apartment

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    Similar Nearby for Lease

    • $14 SF/Yr
      2,809 SF

      Retail Space in Lowell, Arkansas

      Retail space available for lease in Lowell, Arkansas.
      106 N Bloomington St, Lowell, AR 72745
      View Details
    • $15 SF/Yr
      7,500 SF

      Bloomington Flex Space Available

      Modern flex space, 2,535-7,500 SF. Prime location.
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    • $19 SF/Yr
      48,000 SF

      620 Bloomington St

      Distribution properties • 48,000 SF
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    • $6 SF/Yr
      88,400 SF

      Lowell Warehouse with Office Space

      88,400 SF warehouse with office and storage space available.
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    • $16 SF/Yr
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      Lowell, AR Warehouse Space Available

      Industrial warehouse space for lease in Lowell, AR.
      260 Grant Pl, Lowell, AR 72745
      View Details
    • $13 SF/Yr
      25,000 SF

      Lowell Industrial Space Available

      25,000 square foot industrial space for rent in Lowell.
      682 N Dixieland St, Lowell, AR 72745
      View Details
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    1607 Empire St
    Lowell, AR 72745
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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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