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    206 Plaza Blvd Cabot, AR 72023
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    Property profile & analytics

    206 Plaza Blvd Cabot, AR 72023

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    • Office buildings
    • 5,600 SF
    • 0.48 lot acres
    For Sale
    View Listing →
    Clean Office Space Available For Sale
    Contact for pricing
    800 SF

    Clean Office Space Available

    800 sq ft office space ready for rent.

    206 Plaza, Cabot, AR 72023
    View Listing
    Property ID
    US05-0021207
    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

    • Walker Therapy / Medical Clinic
    • Belle Vie Aesthetics / Spa & Massage Center / Alternative Medicine Practice
    • Royals Salon LLC / Hair Salon
    • Ultimate Image Salon and Spa / Hair Salon / Nail Salon
    • Lemley Law Partners / Law Firm

    Property Details for 206 Plaza Blvd

    Year built
    1995
    Lot size
    0.48 lot acres
    Property size
    5,600 SF
    Property type
    Office buildings
    APN
    723-17520-000
    APU
    72317520000

    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
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.011
    Latitude
    34.9568
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, 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
    $3,134
    $6,720
    $54,860
    $61,580
    -
    $33,600
    $274,300
    $307,900

    Comparable in this City

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      309 Main St

      OFFICE BUILDING • 1,287 SF
      309 Main St, Cabot, AR 72023-2911
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      $845,000
      6,475 SF

      1203 Locust St

      OFFICE BUILDING • 6,475 SF
      1203 Locust St, Cabot, AR 72023-2491
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    • Value Estimation by Request
      3,000 SF

      203 Plz Blvd

      OFFICE BUILDING • 3,000 SF
      203 Plz Blvd, Cabot, AR 72023-3749
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      5,457 SF

      802 2nd St

      OFFICE BUILDING • 5,457 SF
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    • Value Estimation by Request
      6,400 SF

      10302 Hwy 5th 5

      OFFICE BUILDING • 6,400 SF
      10302 Hwy 5th 5, Cabot, AR 72023-7112
      View Details

    Similar Nearby for Sale

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    • $165,000
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    • New
      Contact for pricing
      800 SF

      Clean Office Space Available

      800 sq ft office space ready for rent.
      206 Plaza Blvd, Cabot, AR 72023
      View Details
    • $1,575,000
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      Retail Property on Bill Foster Highway

      High-traffic retail property with existing tenants and highway frontage.
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      Cabot, AR Commercial Land Opportunity

      Prime 0.04-acre lot, ideal for development.
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    Similar Nearby for Lease

    • $1,250 /Mo
      1,200 SF

      Remodeled Office Building For Rent

      Fully remodeled office building with high visibility and modern amenities.
      403 S 2Nd St, Cabot, AR 72023
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    • $9 SF/Yr

      High-Visibility Commercial Space in Cabot

      Commercial space with high traffic and convenient highway access.
      2061 W Main St, Cabot, AR 72023
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    • $13 SF/Yr
      1,200 SF

      Highway 5 Retail/Office Space

      Retail or office space with frontage on Highway 5.
      15506 Ar-5 E, Cabot, AR 72023
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    • $13 SF/Yr

      Highway 5 Retail/Office Space

      Retail and office spaces available on Highway 5 in Cabot.
      15506 Highway 5, Cabot, AR 72023
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    • $1,300 /Mo
      3,000 SF

      Spacious Shop with Integrated Offices

      3,000 SF shop with offices, secure parking, climate control.
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    • $90,800
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      Commercial Lot on Main Street

      Prime commercial lot in high-growth area, ideal for various businesses.
      502 W Main St, Cabot, AR 72023
      View Details
    View Listing
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    Cabot, AR 72023
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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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