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    Property profile & analytics

    198 Military Rd Marion, AR 72364-1703

    • Retail space
    • 2,351 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Sep 22, 2023
    $400,000
    Location Intelligence
    Property ID
    US05-2228709
    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

    • Mid-South Freight Inc / Transportation Service
    • Fenter Physical Therapy Corporate / Corporate Office
    • Fenter Physical Therapy Corporate Offices / Physical Therapist
    • Simona Blankenship Photography, LLC / Photographer

    Property Details for 198 Military Rd

    Year built
    1950
    Lot size
    0.28 lot acres
    Property size
    2,351 SF
    Property type
    Retail space
    APN
    222120000100
    APU
    222120000100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $505,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $420,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $430,000
      Mixed-Use
      $375,000
      Hospitality
      $430,000
      Educational
      $400,000
      Residential Income
      $460,000
      Energy
      $440,000
      Income-Based Land
      $445,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.2001
    Latitude
    35.2144
    CBSA code
    32820
    CBSA name
    MEMPHIS, TN-MS-AR 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
    $1,988
    $10,370
    $28,230
    $38,600
    -
    $51,850
    $141,150
    $193,000

    Comparable in this City

    • Value Estimation
      $420,000
      4,940 SF

      2434 State Hwy 77

      RETAIL STORES (PERSONAL SERVICES) • 4,940 SF
      2434 State Hwy 77, Marion, AR 72364-9015
      View Details
    • Value Estimation by Request
      2,084 SF

      93 Military Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,084 SF
      93 Military Rd, Marion, AR 72364
      View Details
    • Value Estimation
      $335,000
      2,137 SF

      9 Shafer St

      RETAIL STORES (PERSONAL SERVICES) • 2,137 SF
      9 Shafer St, Marion, AR 72364-1957
      View Details
    • Value Estimation
      $195,000
      7,396 SF

      3712 Us Hwy 64

      RETAIL STORES (PERSONAL SERVICES) • 7,396 SF
      3712 Us Hwy 64, Marion, AR 72364-9685
      View Details
    • Value Estimation by Request
      2,544 SF

      2816 State Hwy 77th S

      RETAIL STORES (PERSONAL SERVICES) • 2,544 SF
      2816 State Hwy 77th S, Marion, AR 72364-2360
      View Details
    • Value Estimation
      $215,000
      2,064 SF

      4195 55th Service Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,064 SF
      4195 55th Service Rd, Marion, AR 72364
      View Details

    Similar Nearby for Sale

    • $650,000
      1,600 SF

      Prime Marion Retail Opportunity

      1,600 SF Auto Shop/Store, $650K
      2687 Ar-77, Marion, AR 72364
      View Details
    • New
      $659,900
      2,100 SF

      Marion, AR Commercial Building

      Commercial building on high traffic Highway 77 in Marion, AR.
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      View Details
    • $650,000
      2.07 Acres

      Marion, AR Land and Building

      2-acre property with a 1,600 sq ft building in Marion.
      2687 State Highway 77 S, Marion, AR 72364
      View Details
    • Contact for pricing
      0.08 Acres

      Residential Lot in Marion, AR

      Residential lot available in Marion, Arkansas.
      31 N Bristol Rd, Marion, AR 72364
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Marion, AR

      Residential lot for sale in Marion, Arkansas.
      139 Eastwood Dr, Marion, AR 72364
      View Details
    • $412,948

      Commercial Land with Interstate Access

      1.58 acres of commercial land with excellent interstate access.
      3535 Interstate 55, Marion, AR 72364
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    Similar Nearby for Lease

    • Contact for pricing
      3,614 SF

      Modern Marion Truck Terminal

      Arkansas Manufacturing Space Available
      0 Modern Truck Terminal, Marion, AR 72364
      View Details
    • Contact for pricing
      26,704 SF

      Shops of Angelo's Grove: Marion, AR

      Class A Medical Office Space Available
      303 Bancario Rd, Marion, AR 72364
      View Details
    • Contact for pricing

      Industrial Land with Subdividing Options

      15+/- acres of industrial land for lease with subdividing options.
      Afco Rd, Marion, AR 72364
      View Details
    • $1.57 SF/Yr
      19,166 SF

      Marion AR Commercial Land

      High-traffic I-55 location, buildable land.
      3006 Service Rd, Marion, AR 72364
      View Details
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    198 Military Rd
    Marion, AR 72364-1703
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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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