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    Property profile & analytics

    2002 Pleasant St Springdale, AR 72764-6204

    • Strip malls
    • 14,025 SF
    • 1.33 lot acres
    OFF-MARKET
    Last Sale
    Nov 13, 2023
    $1,550,000
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0197444
    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

    • Aquatality Distributors / Wholesaler
    • Dollar Tree / Dollar Store / Craft Store
    • Clover Brand Consultancy / Consultant
    • Bros Distributor / Wholesaler

    Property Details for 2002 Pleasant St

    Year built
    2001
    Lot size
    1.33 lot acres
    Property size
    14,025 SF
    Zone code
    C2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    815-33734-000
    APU
    81533734000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,260,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1442
    Latitude
    36.1665
    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
    2024
    $16,613
    $66,770
    $254,570
    $321,340
    -
    $333,850
    $1,272,850
    $1,606,700

    Comparable in this City

    • Value Estimation
      $3,925,000
      56,000 SF

      812 Thompson St

      SHOPPING CENTER, STRIP CENTER • 56,000 SF
      812 Thompson St, Springdale, AR 72764-3102
      View Details
    • Value Estimation
      $545,000
      21,800 SF

      701 Thompson St

      SHOPPING CENTER, STRIP CENTER • 21,800 SF
      701 Thompson St, Springdale, AR 72764-3205
      View Details
    • Value Estimation
      $260,000
      7,800 SF

      3138 Old Missouri Rd

      SHOPPING CENTER, STRIP CENTER • 7,800 SF
      3138 Old Missouri Rd, Springdale, AR 72764-7323
      View Details
    • Value Estimation
      $410,000
      17,600 SF

      2111 Old Missouri Rd

      SHOPPING CENTER, STRIP CENTER • 17,600 SF
      2111 Old Missouri Rd, Springdale, AR 72764-8718
      View Details
    • Value Estimation
      $270,000
      8,520 SF

      1102 Thompson St

      SHOPPING CENTER, STRIP CENTER • 8,520 SF
      1102 Thompson St, Springdale, AR 72764-6312
      View Details
    • Value Estimation
      $355,000
      16,900 SF

      1602 Robinson Ave

      SHOPPING CENTER, STRIP CENTER • 16,900 SF
      1602 Robinson Ave, Springdale, AR 72764-5991
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,824 SF

      New Retail Space in Springdale

      New retail spaces for lease in rapidly developing Springdale corridor.
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      New Retail Spaces in Springdale

      New retail spaces ideal for retail, office, restaurant, medical.
      2588 E Robinson Ave, Springdale, AR 72764
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    • $1,500,000
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      Established Car Wash Investment Opportunity

      High-performing car wash with expansion potential in a prime location.
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    • $299,762
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      Downtown Springdale Office/Retail Opportunity

      Versatile office or retail space in historic downtown Springdale.
      311 S Main St, Springdale, AR 72764
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      2,240 SF

      Springdale Retail/Showroom Opportunity

      Retail or showroom space in downtown Springdale overlay district.
      711 Emma Ave, Springdale, AR 72764
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      2,249 SF

      Historic Retail Building in Springdale

      Historic building suitable for office or retail in downtown Springdale.
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    Similar Nearby for Lease

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      9,900 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near University.
      2002 S Pleasant St, Springdale, AR 72764
      View Details
    • $15 SF/Yr
      56,000 SF

      Retail Space on HWY 71B

      Retail property with frontage on HWY 71B and ample parking.
      812 N Thompson St, Springdale, AR 72764
      View Details
    • $20 SF/Yr
      13,280 SF

      Springdale Medical Office Space

      Prime Retail & Medical Office Suites Available
      2588 Robinson Ave, Springdale, AR 72764
      View Details
    • $26 SF/Yr
      30,857 SF

      Downtown Springdale Office Space

      Prime Retail/Office Opportunity in Springdale
      100 Emma Ave, Springdale, AR 72764
      View Details
    • $34 SF/Yr
      12,000 SF

      New Retail Construction on Highway

      Retail spaces available in new construction with high traffic frontage.
      Highway 412, Springdale, AR 72764
      View Details
    • $25 SF/Yr
      25 SF

      Springdale Retail Space: Prime Location

      Downtown Springdale retail space, 5,557 sq ft, 2021 construction.
      202 Emma Ave, Springdale, AR 72764
      View Details

    Property Visit Statistics

    • Visits by month
      30.9k
    • Visitors by month
      21.3k
    • Avg Time on site
      18 min
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    2002 Pleasant St
    Springdale, AR 72764-6204
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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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