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    Property profile & analytics

    2017 28Th St Van Buren, AR 72956

    • Warehouses
    • 8,700 SF
    • 1.99 lot acres
    For Lease
    View listing
    $4,500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1440159
    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

    • Warehouses

    Property Details for 2017 28Th St

    Year built
    1991
    Lot size
    1.99 lot acres
    Property size
    8,700 SF
    Property type
    Warehouses
    APN
    700-03278-001-C
    APU
    70003278001C

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $500,000
      Market price range: $224k - $519k
      AI Estimate
      $484,000
      Market price range: $189k - $527k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $355,000
      Current use
      OFFICE BUILDING
      $685,000
      Change: +93% Conversion: Difficult
      RETAIL STORES
      $580,000
      Change: +65% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.3292
    Latitude
    35.4077
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-OK 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
    $3,513
    $11,960
    $79,860
    $91,820
    -
    $59,800
    $399,300
    $459,100

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      2419 Co Op Dr

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      2327 Co Op Dr

      WAREHOUSE, STORAGE • 4,000 SF
      2327 Co Op Dr, Van Buren, AR 72956-6071
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      1,500 SF

      3408 Kibler Rd

      WAREHOUSE, STORAGE • 1,500 SF
      3408 Kibler Rd, Van Buren, AR 72956-5516
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      2,184 SF

      606 15th St

      WAREHOUSE, STORAGE • 2,184 SF
      606 15th St, Van Buren, AR 72956-5930
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      2675 4th St

      WAREHOUSE, STORAGE • 4,000 SF
      2675 4th St, Van Buren, AR 72956-6024
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      4,521 SF

      16 6th St

      WAREHOUSE, STORAGE • 4,521 SF
      16 6th St, Van Buren, AR 72956-5104
      View Details

    Similar Nearby for Sale

    • New
      $599,000
      8,008 SF

      Remodeled Warehouse with Office Space

      Remodeled commercial building with office and warehouse space for sale.
      100 N 11Th St, Van Buren, AR 72956
      View Details
    • New
      $1,500,000
      14,000 SF

      Commercial Property with Truck Operations Focus

      Well-maintained commercial property with semi-truck operations capabilities on 2.5 acres.
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    • $289,000
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      Van Buren Commercial Building For Sale

      4,000 SF commercial building with high visibility in Van Buren.
      410 Sycamore St, Van Buren, AR 72956
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    • New
      $599,000
      8,008 SF

      Remodeled Commercial Building with Warehouse

      Updated office and warehouse space with parking in Van Buren.
      100 N 11Th St, Van Buren, AR 72956
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    • $500,000
      12,400 SF

      Van Buren Self-Storage Facility

      75-unit self-storage facility in Van Buren, Arkansas.
      2510 Kibler Rd, Van Buren, AR 72956
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    • $549,000
      1.28 Acres

      Van Buren Commercial Land For Sale

      Commercial land with highway frontage, ideal for retail development.
      Tbd Alma Hwy, Van Buren, AR 72956
      View Details

    Similar Nearby for Lease

    • $2,750 /Mo
      4,000 SF

      Office/Warehouse Space For Lease

      4,000 SF office/warehouse space with renovated office and ample parking.
      1820 28Th St, Van Buren, AR 72956
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    • $4,500 /Mo
      8,700 SF

      Van Buren Warehouse with Office

      8,700 SF warehouse with offices and large yard.
      2017 28Th St, Van Buren, AR 72956
      View Details
    • $56,056
      8,008 SF

      Versatile Commercial Building with Warehouse

      Remodeled office and warehouse space with historic character.
      100 N 11Th St, Van Buren, AR 72956
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    • $9,499 /Mo
      16,000 SF

      Van Buren Warehouse with Bays

      16,000 SF warehouse with drive-thru bays on 5.52 acres.
      6622 Alma Hwy, Van Buren, AR 72956
      View Details
    • $3 SF/Yr
      24,314 SF

      Van Buren Warehouse Space Available

      Two warehouse buildings totaling ±24,314 SF for lease.
      3010 Industrial Park Rd, Van Buren, AR 72956
      View Details
    • $8,500 /Mo
      15,585 SF

      Van Buren Warehouse with Office

      15,585 SF warehouse with office on 2.71 acres.
      1621 28Th St, Van Buren, AR 72956
      View Details
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    Van Buren, AR 72956
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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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