Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2113 Strong Hwy El Dorado, AR 71730-8460
    Back to Search
    Property profile & analytics

    2113 Strong Hwy El Dorado, AR 71730-8460

    View on Map
    • Grocery and convenience stores
    • 4,104 SF
    • 2.01 lot acres
    Off-Market
    Last Sale May 30, 2024
    $69,000
    Property ID
    US05-1781798
    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

    • Grocery and convenience stores

    Property Details for 2113 Strong Hwy

    Year built
    1970
    Construction
    FRAME
    Lot size
    2.01 lot acres
    Property size
    4,104 SF
    Property type
    Grocery and convenience stores
    APN
    00000-14847-0500
    APU
    148470500

    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
    El Dorado
    County
    Union
    State
    Arkansas
    Longitude
    -92.5894
    Latitude
    33.1766
    CBSA code
    20980
    CBSA name
    EL DORADO, AR MICROPOLITAN 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
    2024
    $1,200
    $3,620
    $22,240
    $25,860
    -
    $18,100
    $111,200
    $129,300

    Comparable in this City

    • Value Estimation by Request
      2,976 SF

      6140 Moro Bay Hwy

      CONVENIENCE STORE • 2,976 SF
      6140 Moro Bay Hwy, El Dorado, AR 71730-9553
      View Details
    • Value Estimation
      $15,910,000
      2,592 SF

      1311 Main St

      CONVENIENCE STORE • 2,592 SF
      1311 Main St, El Dorado, AR 71730-6403
      View Details
    • Value Estimation by Request
      4,784 SF

      3300 Jct City Hwy

      CONVENIENCE STORE • 4,784 SF
      3300 Jct City Hwy, El Dorado, AR 71730-7062
      View Details
    • Value Estimation by Request
      3,058 SF

      1800 Lorene St

      CONVENIENCE STORE • 3,058 SF
      1800 Lorene St, El Dorado, AR 71730-8129
      View Details
    • Value Estimation by Request
      4,160 SF

      2400 Main St

      CONVENIENCE STORE • 4,160 SF
      2400 Main St, El Dorado, AR 71730-6545
      View Details
    • Value Estimation by Request
      1,350 SF

      2720 Ave

      CONVENIENCE STORE • 1,350 SF
      2720 Ave, El Dorado, AR 71730-3124
      View Details

    Similar Nearby for Sale

    • $699,000
      8,000 SF

      Versatile Commercial Property in El Dorado

      One-acre property with 8,000 SF building, ideal for diverse businesses.
      1407 N West Ave, El Dorado, AR 71730
      View Details
    • $225,000
      8,905 SF

      Downtown El Dorado Building and Land

      Two buildings totaling 8905 SF in downtown El Dorado.
      418 W Main St, El Dorado, AR 71730
      View Details
    • $1,498,000
      14,034 SF

      Versatile Commercial Building on Large Lot

      14,000+ sqft building on 1.47 acres in El Dorado, AR.
      310 Thompson Ave, El Dorado, AR 71730
      View Details
    • $1,698,330
      5,010 SF

      America's Car-Mart For Sale

      5,010 SF automotive property on 3.136 acres.
      1610 W Hillsboro St, El Dorado, AR 71730
      View Details
    • $325,000
      8,696 SF

      Historic Downtown Commercial Property

      Prime commercial property in El Dorado's historic downtown.
      103 E Main St, El Dorado, AR 71730
      View Details
    • $189,000
      1,374 SF

      El Dorado Commercial Property For Sale

      Mechanic shop and car lot with office and service bays.
      701 E Main St, El Dorado, AR 71730
      View Details

    Similar Nearby for Lease

    • $2,920 /Mo
      7,500 SF

      El Dorado Commercial Space Available

      Commercial space available for lease in El Dorado, Arkansas.
      702 Timberlane Rd, El Dorado, AR 71730
      View Details
    • $2,920 /Mo
      7,500 SF

      El Dorado Commercial Flex Space

      Flex and industrial spaces available for rent in El Dorado.
      702 Timberlane Rd, El Dorado, AR 71730
      View Details
    • Contact for pricing

      Former Bowling Alley For Rent

      Former bowling alley available for rent on a busy street.
      440 S Bradley Ave, El Dorado, AR 71730
      View Details
    • Contact for pricing
      238,998 SF

      El Dorado Warehouse Space Available

      Large industrial warehouse space available for lease in El Dorado.
      204 Prescolite Dr, El Dorado, AR 71730
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2113 Strong Hwy
    El Dorado, AR 71730-8460
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2113 Strong Hwy, El Dorado, AR, 71730
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!