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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2124 Military Rd Benton, AR 72015-2714

    • Strip malls
    • 12,000 SF
    • 1.16 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2022
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0223663
    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

    • Wonderland / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
    • Shelter Insurance - Blake Jumper / Insurance Agency
    • Parties Etc. / Event Planning / Wedding Service
    • Mini-Super El Quetzal / Grocery & Convenience Store / Food Market
    • Taqueria El Quetzal / Restaurant

    Property Details for 2124 Military Rd

    Lot size
    1.16 lot acres
    Property size
    12,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    805-14906-002
    APU
    80514906002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Benton
    County
    Saline
    State
    Arkansas
    Longitude
    -92.569
    Latitude
    34.5845
    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
    2024
    $3,520
    $23,200
    $38,885
    $62,085
    -
    $116,000
    $194,425
    $310,425

    Comparable in this City

    • Value Estimation by Request
      14,466 SF

      805 Ws St

      SHOPPING CENTER, STRIP CENTER • 14,466 SF
      805 Ws St, Benton, AR 72015-4161
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    • Value Estimation by Request
      8,100 SF

      1016 Ws St

      SHOPPING CENTER, STRIP CENTER • 8,100 SF
      1016 Ws St, Benton, AR 72015-4051
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    • Value Estimation by Request
      7,120 SF

      1218 Military Rd

      SHOPPING CENTER, STRIP CENTER • 7,120 SF
      1218 Military Rd, Benton, AR 72015-2908
      View Details
    • Value Estimation
      $585,000
      38,008 SF

      1200 Military Rd

      SHOPPING CENTER, STRIP CENTER • 38,008 SF
      1200 Military Rd, Benton, AR 72015
      View Details
    • Value Estimation
      $550,000
      33,240 SF

      1421 Military Rd

      SHOPPING CENTER, STRIP CENTER • 33,240 SF
      1421 Military Rd, Benton, AR 72015-2912
      View Details
    • Value Estimation by Request
      6,000 SF

      1201 Military Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      1201 Military Rd, Benton, AR 72015-2908
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Benton C-Store Owner-User Asset

      1,432 SF Benton, AR C-Store ready for immediate operation.
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    • $1,295,000
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      Corner Lot in Benton, AR

      6.21 acre corner lot suitable for retail, restaurant, or offices.
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      Commercial Property in Haskell

      Commercial property with utilities, storage, and event space.
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      Benton C-Store: Turnkey Opportunity

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    • $295,000
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      Remodeled Commercial Property on Military Road

      Remodeled commercial property with high visibility and recent upgrades.
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    Similar Nearby for Lease

    • $13 SF/Yr
      1,000 SF

      Versatile Retail/Office Space Available

      Highly visible location suitable for retail, office, or service businesses.
      1221-1223 Highway 35 N, Benton, AR 72015
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    • $15 SF/Yr
      13,321 SF

      Prime Benton Retail Space

      Former CVS, 13,321 SF, High Visibility
      609 Military Rd, Benton, AR 72015
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Benton, AR

      3,600 SF retail space available for lease.
      1516 Military Rd, Benton, AR 72015
      View Details
    • $28 SF/Yr
      15,000 SF

      Retail Space in Hurricane Creek

      Retail space in high-traffic area near I-30 and Hwy 5.
      20770 Interstate 30, Benton, AR 72015
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    • $22 SF/Yr
      5,675 SF

      Medical Office Near I-30

      Class A medical office space with easy highway access.
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    • $22 SF/Yr
      36,581 SF

      Benton Medical Office Space for Lease

      Class A Medical Office Suites Available
      3 Medical Park Dr, Benton, AR 72015
      View Details
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    2124 Military Rd
    Benton, AR 72015-2714
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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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