Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1622 W Main & Cherry St Clarksville, AR 72830

    • Retail space
    • 6,593 SF
    • 0.41 lot acres
    For Sale
    View listing
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1054606
    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 1622 W Main & Cherry St

    Lot size
    0.41 lot acres
    Property size
    6,593 SF
    Property type
    Retail space
    APN
    002-01848-000C
    APU
    00201848000C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $236,000
      Market price range: $237k - $696k

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarksville
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.4822
    Latitude
    35.4723

    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
    $740
    $6,430
    $7,850
    $14,280
    -
    $32,150
    $39,250
    $71,400

    Comparable in this City

    • Value Estimation
      $270,000
      2,565 SF

      116 Fulton St

      RETAIL STORES (PERSONAL SERVICES) • 2,565 SF
      116 Fulton St, Clarksville, AR 72830-3612
      View Details
    • Value Estimation
      $265,000
      3,000 SF

      306 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      306 Main St, Clarksville, AR 72830-3012
      View Details
    • Value Estimation
      $265,000
      2,650 SF

      514 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,650 SF
      514 Main St, Clarksville, AR 72830-3514
      View Details
    • Value Estimation
      $245,000
      1,392 SF

      2210 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,392 SF
      2210 Main St, Clarksville, AR 72830-3250
      View Details
    • Value Estimation
      $275,000
      2,695 SF

      300 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,695 SF
      300 Main St, Clarksville, AR 72830-3012
      View Details
    • Value Estimation
      $280,000
      2,750 SF

      14 Sherwood Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,750 SF
      14 Sherwood Ln, Clarksville, AR 72830-4503
      View Details

    Similar Nearby for Sale

    • $149,000
      4,932 SF

      Spacious Commercial Building Near Downtown

      4,932 sq ft commercial building, 2.1 miles from downtown.
      2206 W Main St, Clarksville, AR 72830
      View Details
    • $499,000
      7,500 SF

      Clarksville Retail Building For Sale

      7,500 SF retail building off Exit 55 in Clarksville.
      2703 W Main St, Clarksville, AR 72830
      View Details
    • Contact for pricing
      1,650 SF

      Clarksville Commercial Space on Rogers

      High-traffic commercial space with endless possibilities in Clarksville, Arkansas.
      1151 S Rogers St, Clarksville, AR 72830
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Clarksville Plaza

      Prime retail space in high-traffic area near Walmart Supercenter.
      1229 E Market St, Clarksville, AR 72830
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space in Popular Center

      Retail space available now in high-traffic shopping center.
      1229 E Market St, Clarksville, AR 72830
      View Details
    • $224,900
      1,856 SF

      Clarksville Commercial Building on Two Acres

      Versatile commercial building on 2 acres with ample parking.
      2116 W Main St, Clarksville, AR 72830
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      5,250 SF

      Retail Space in Southgate Center

      5,250 SF suite available in popular Clarksville shopping center.
      1107 S Rogers St, Clarksville, AR 72830
      View Details
    • $159,900
      3,520 SF

      Clarksville Airport Hangar with Living

      Aviation property with hangar, office, living space, and runway access.
      1413 E Main St #16 & #17, Clarksville, AR 72830
      View Details
    • $79,900
      4,800 SF

      Clarksville Airport Hangar with Loft

      Hangar with loft, restroom, and flexible-use rooms at Clarksville Airport.
      1413 E Main St #13, Clarksville, AR 72830
      View Details
    • $239,900
      5,000 SF

      Aviation Hangar with Living Space

      Unique aviation opportunity with income potential and on-site living.
      1413 Hanger, Clarksville, AR 72830
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1622 W Main & Cherry St
    Clarksville, AR 72830
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.