Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1716 Searcy St Heber Springs, AR 72543-3532

    • Medical Office Space
    • 2,624 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2021
    $210,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1019671
    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

    • Rebecca A. Hicks, LCSW / Counselor
    • Jamie C. Battles, LPE / Counselor
    • Omorfiá Aesthetics / Spa & Massage Center / Alternative Medicine Practice
    • Lynda LaRue, LCSW / Foster Care Service / Social Service Agency
    • Lisabeth Hoffman, MSN / Physician

    Property Details for 1716 Searcy St

    Year built
    2002
    Lot size
    0.34 lot acres
    Property size
    2,624 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    300-02155-000-E
    APU
    30002155000E

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Heber Springs
    County
    Cleburne
    State
    Arkansas
    Longitude
    -92.0488
    Latitude
    35.4917

    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
    $2,457
    $8,991
    $48,155
    $57,146
    -
    $44,955
    $240,775
    $285,730

    Comparable in this City

    • Value Estimation
      $535,000
      8,614 SF

      111 Frnt St

      MEDICAL BUILDING • 8,614 SF
      111 Frnt St, Heber Springs, AR 72543-2655
      View Details
    • Value Estimation by Request
      5,941 SF

      2225 Hwy 110th W

      MEDICAL BUILDING • 5,941 SF
      2225 Hwy 110th W, Heber Springs, AR 72543-3404
      View Details
    • Value Estimation by Request
      1,659 SF

      606 Searcy St

      MEDICAL BUILDING • 1,659 SF
      606 Searcy St, Heber Springs, AR 72543-3845
      View Details
    • Value Estimation by Request
      1,587 SF

      106 7th St

      MEDICAL BUILDING • 1,587 SF
      106 7th St, Heber Springs, AR 72543-3715
      View Details
    • Value Estimation by Request
      1,181 SF

      610 Main St

      MEDICAL BUILDING • 1,181 SF
      610 Main St, Heber Springs, AR 72543-2920
      View Details
    • Value Estimation by Request
      1,739 SF

      2217 Hwy 110th W

      MEDICAL BUILDING • 1,739 SF
      2217 Hwy 110th W, Heber Springs, AR 72543-3404
      View Details

    Similar Nearby for Sale

    • $195,000
      1,800 SF

      Heber Springs Mixed-Use Property

      Historic mixed-use property in downtown Heber Springs, Arkansas.
      104 N 3Rd St, Heber Springs, AR 72543
      View Details
    • $99,900
      1,500 SF

      Heber Springs Office Building

      1500 SF office building on Main Street for sale.
      515 W Main St, Heber Springs, AR 72543
      View Details
    • $237,000
      2,400 SF

      Heber Springs Commercial Log Building

      Commercial property with highway frontage, suitable for office or retail.
      1200 Highway 25B N, Heber Springs, AR 72543
      View Details
    • $424,900
      7,980 SF

      Heber Springs Commercial Building For Sale

      Commercial building with four rented suites in Heber Springs, AR.
      115 S 3Rd St, Heber Springs, AR 72543
      View Details
    • $185,000
      1,416 SF

      Heber Springs Building and Land

      Charming building and land with endless possibilities in Heber Springs.
      706 W Main St, Heber Springs, AR 72543
      View Details
    • $260,000
      2,335 SF

      Heber Springs Building and Land

      Commercial building and land in downtown Heber Springs, Arkansas.
      525 W Main St, Heber Springs, AR 72543
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,800 SF

      Retail Space on Walmart Outparcel

      New construction retail space contiguous to T-Mobile lease.
      1426 Highway 25B, Heber Springs, AR 72543
      View Details
    • $28 SF/Yr
      4,000 SF

      Heber Springs Retail End-Cap

      Prime 1,800 SF Retail Space, New Construction
      25 Heber Springs Rd, Heber Springs, AR 72543
      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.
    1716 Searcy St
    Heber Springs, AR 72543-3532
    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.
    Sign Up Successful!
    You now have access to more from Realmo!