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    Property profile & analytics

    2028 Hwy 92 Springfield, AR 72157-9512

    • Grocery and convenience stores
    • 3,612 SF
    • 1.59 lot acres
    OFF-MARKET
    Value Estimation
    $545,000
    Location Intelligence
    Property ID
    US05-0333116
    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

    • Grocery and convenience stores

    Property Details for 2028 Hwy 92

    Year built
    2007
    Lot size
    1.59 lot acres
    Property size
    3,612 SF
    Property type
    Grocery and convenience stores
    APN
    001-02012-001
    APU
    102012001

    Description

    This 3,612 square foot gas station and convenience store is available for lease in Springfield, Arkansas. Located at 2028 Highway 92, this property boasts a prime location at the intersection of Highways 92 and 124, offering excellent ingress and egress with multiple access points. The property sits on a 5.84-acre lot and enjoys 100% occupancy. This single-tenancy retail space has a long-term operating history of 15+ years, serving the community and benefiting from limited competition as the only gas station connecting Hill Creek to Springfield and Damascus. The asking price is $126,000, with a price per square foot of $34.88. The lease is an Absolute NNN with a 2% annual rent bump. This presents an excellent value-add opportunity with an open fuel supply. The property benefits from proximity to numerous national tenants including McDonald's, Arby's, Culver's, Subway, KFC, and Walgreens, ensuring high visibility and customer traffic. This is a strong investment opportunity for an owner/user seeking a well-established business in a thriving location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Conway
    State
    Arkansas
    Longitude
    -92.5545
    Latitude
    35.268

    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
    $3,461
    $2,650
    $67,840
    $70,490
    -
    $13,250
    $339,200
    $352,450

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      Hwy 9th At Ar 92

      CONVENIENCE STORE • 2,400 SF
      Hwy 9th At Ar 92, Springfield, AR 72157
      View Details
    • Value Estimation
      $420,000
      12,000 SF

      4966 Hwy 9th 9

      LIQUOR STORE • 12,000 SF
      4966 Hwy 9th 9, Springfield, AR 72157-9669
      View Details
    • Value Estimation by Request
      1,400 SF

      Hwy 92nd Springfiel

      AUTO REPAIR, GARAGE • 1,400 SF
      Hwy 92nd Springfiel, Springfield, AR 72157
      View Details
    • Value Estimation
      $55,000
      3,200 SF

      Hwy 9th N

      AUTO REPAIR, GARAGE • 3,200 SF
      Hwy 9th N, Springfield, AR 72157
      View Details
    • Value Estimation by Request
      2,964 SF

      4845 Hwy 9th 9

      AUTO REPAIR, GARAGE • 2,964 SF
      4845 Hwy 9th 9, Springfield, AR 72157-9655
      View Details
    • Value Estimation
      $320,000
      8,000 SF

      4337 Hwy 9th 9

      AUTO REPAIR, GARAGE • 8,000 SF
      4337 Hwy 9th 9, Springfield, AR 72157-9638
      View Details

    Similar Nearby for Sale

    • $129,500
      12.95 Acres

      Unimproved Land for Home, Recreation

      12.95 acres of unimproved land suitable for various uses.
      000 Bethlehem Rd, Springfield, AR 72157
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    • $45,000
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      Springfield Acreage: Build Your Dream

      2.43 acres in Springfield, AR, ready for your dream home.
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    Springfield, AR 72157-9512
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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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