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    207 Howard St Mansfield, AR 72944

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    207 Howard St Mansfield, AR 72944

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    • Outlet malls
    • 2,825 SF
    Off-Market
    Property ID
    US05-0973523
    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

    • Outlet malls

    Property Details for 207 Howard St

    Year built
    1890
    Property size
    2,825 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    074-00008-000
    APU
    7400008000

    Description

    This exceptional Mansfield, AR commercial property presents a unique investment opportunity encompassing a thriving auto parts store and a fully operational six-bay automotive repair shop. Situated on 0.67 acres with high-traffic frontage just blocks from US Highway 71, this turnkey operation offers immediate revenue potential. The expansive 5634+ sq ft building houses a well-established auto parts store with an estimated $300,000 inventory included in the sale. The inventory includes a wide selection of parts for various makes and models. The repair shop boasts six heated and cooled bays, equipped with three wreckers and major operating machinery, all conveying with the sale. The property benefits from a prime location ensuring high visibility and customer traffic. Modern amenities include state-of-the-art security and HVAC systems. This established business boasts a loyal customer base and a strong reputation for reliability and quality, making it an ideal acquisition for experienced entrepreneurs or first-time buyers seeking a profitable, ready-to-run enterprise. The property's strategic location, extensive inventory, and modern facilities combine to create a compelling investment opportunity priced at $775,000.

    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
    Mansfield
    County
    Scott
    State
    Arkansas
    Longitude
    -94.2505
    Latitude
    35.0594

    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
    $200
    $600
    $3,560
    $4,160
    -
    $3,000
    $17,800
    $20,800

    Comparable in this City

    • Value Estimation by Request
      7,500 SF

      305 Huntington Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 7,500 SF
      305 Huntington Ave, Mansfield, AR 72944-3713
      View Details
    • Value Estimation
      $805,000
      12,760 SF

      520 Caldwell Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 12,760 SF
      520 Caldwell Ave, Mansfield, AR 72944-3012
      View Details
    • Value Estimation
      $1,375,000
      20,496 SF

      406 Huntington Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 20,496 SF
      406 Huntington Ave, Mansfield, AR 72944
      View Details
    • Value Estimation by Request
      11,918 SF

      720 Hwy 71st N

      WHOLESALE OUTLET, DISCOUNT STORE • 11,918 SF
      720 Hwy 71st N, Mansfield, AR 72944-2519
      View Details
    • Value Estimation by Request
      8,060 SF

      10017 Abbott Loop

      AUTO REPAIR, GARAGE • 8,060 SF
      10017 Abbott Loop, Mansfield, AR 72944-2832
      View Details
    • Value Estimation by Request
      1,196 SF

      401 Huntington Ave

      FINANCIAL BUILDING • 1,196 SF
      401 Huntington Ave, Mansfield, AR 72944
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 71 Retail Building

      Freestanding retail building on 2.24-acre lot with highway frontage.
      720 Highway 71 N, Mansfield, AR 72944
      View Details
    • $349,500
      12,000 SF

      Prime Mansfield Retail Space

      12,000 SF Grocery Store, Vacant, $349,500
      720 Highway 71, Mansfield, AR 72944
      View Details
    • $108,750
      15.00 Acres

      Improved Land in Mansfield, AR

      Improved land suitable for development with pond near schools.
      1000 E Center St, Mansfield, AR 72944
      View Details
    • $32,500
      0.40 Acres

      Residential Lot in Quiet Setting

      Vacant lot suitable for building a home near amenities.
      411 7Th Ave, Mansfield, AR 72944
      View Details
    • $623,700
      166.00 Acres

      Expansive Timberland Tract Near Mansfield

      166-acre timberland tract offers privacy and recreational opportunities.
      Tbd Grn Needles Rd, Mansfield, AR 72944
      View Details
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    207 Howard St
    Mansfield, AR 72944
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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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