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    205 S Main St Berryville, AR 72616
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    205 S Main St Berryville, AR 72616

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    • Strip malls
    • 16,200 SF
    • 0.79 lot acres
    For Sale
    $824,995
    View Listing →
    Mixed-Use Building with Established Theater For Sale
    $824,995
    16,200 SF

    Mixed-Use Building with Established Theater

    16,000+ sq ft building with theater, restaurant, offices, retail.

    205, 207, 209 S Main Street, Berryville, AR 72616
    View Listing
    Property ID
    US05-1261846
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 205 S Main St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.79 lot acres
    Property size
    16,200 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    875-01262-000
    APU
    87501262000

    Description

    This exceptional Berryville investment opportunity presents a substantial 16,200 square foot retail complex situated on a 1.24-acre lot at 205, 207, and 209 South Main Street. The property boasts a well-established, 150-seat movie theater with a long history of providing entertainment to the community, dating back to its origins in the late 1940s. In addition to the cinema, the building includes a fully operational restaurant and numerous rental spaces suitable for offices and retail businesses. Many of these spaces are occupied by long-term tenants, ensuring a stable income stream. Family-owned and operated since 1974, this property offers a unique blend of historical significance and proven profitability. The extensive property also includes a large parking lot, a portion of which is currently leased, adding to its revenue potential. A current termite policy is in place, extending through December 2024, providing peace of mind to the prospective buyer. The asking price is $824,995. Showings are scheduled between 8:00 AM and 11:00 AM to accommodate the current operations. This is a rare chance to acquire a piece of Berryville history with significant income-generating potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Berryville
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.5663
    Latitude
    36.3631

    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
    $5,322
    $12,480
    $105,250
    $117,730
    -
    $62,400
    $526,250
    $588,650

    Comparable in this City

    • Value Estimation by Request
      3,240 SF

      310 Main St

      SHOPPING CENTER, STRIP CENTER • 3,240 SF
      310 Main St, Berryville, AR 72616-3931
      View Details
    • Value Estimation
      $965,000
      60,783 SF

      316 Eureka Ave

      SHOPPING CENTER, STRIP CENTER • 60,783 SF
      316 Eureka Ave, Berryville, AR 72616-3834
      View Details
    • Value Estimation
      $1,125,000
      29,950 SF

      910 Trimble Ave

      SHOPPING CENTER, STRIP CENTER • 29,950 SF
      910 Trimble Ave, Berryville, AR 72616-4616
      View Details
    • Value Estimation
      $1,645,000
      47,108 SF

      926 Trimble Ave

      SHOPPING CENTER, STRIP CENTER • 47,108 SF
      926 Trimble Ave, Berryville, AR 72616-4601
      View Details
    • Value Estimation
      $515,000
      13,800 SF

      804 Freeman Ave

      SHOPPING CENTER, STRIP CENTER • 13,800 SF
      804 Freeman Ave, Berryville, AR 72616-3106
      View Details
    • Value Estimation by Request
      5,740 SF

      802 Trimble Ave, Unit 808

      SHOPPING CENTER, STRIP CENTER • 5,740 SF
      802 Trimble Ave, Berryville, AR 72616-3139
      View Details

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      Mixed-Use Investment Property in Berryville

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    View Listing
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    Berryville, AR 72616
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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.

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