Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    213 E Narroway Benton, AR 72015
    Back to Search
    Property profile & analytics

    213 E Narroway Benton, AR 72015

    View on Map
    • Single family properties
    • 2,126 SF
    Off-Market
    Property ID
    US05-0308429
    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

    • Single family properties

    Property Details for 213 E Narroway

    Property size
    2,126 SF
    Property type
    Single family properties
    Property subtype
    Commercial land

    Description

    Interstate 30 to Military Road. Left on Edison. Left on E Narroway. Traditional, Building and Land - Benton, AR Completely updated 4 bedroom, 3 bath home in the heart of Historic Downtown Benton! Zoned Residential and Commercial TC1. (agents - see attached for Benton Zoning info). Updates include: new electrical, plumbing, HVAC, hot water heater & roof! All new electrical & plumbing fixtures. All new LG appliances! Gorgeous refinished original hardwoods, LVP & tile. Beautiful kitchen open to the dining & living with granite, huge island with breakfast bar, gas stove, custom prefinished soft close cabinets, tile backsplash & pantry. Nice mudroom area with coat hooks & storage areas. Large primary bedroom separate from other bedrooms with huge walk-in custom tiled shower with double shower heads, double sinks & large walk-in closet with secret hidden area. Custom tiled showers in secondary bathrooms! Plenty of closet & storage space in secondary bedrooms. Tons of outlets throughout! Nice fenced backyard with huge deck & overhead trellis perfect for entertaining & spending time with family! Large storage building conveys! Walking distance to Downtown Benton.

    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
    Benton
    County
    Saline
    State
    Arkansas
    Longitude
    -92.584625
    Latitude
    34.56831

    Comparable in this City

    • $4,999,999
      30.89 Acres

      Versatile 33-Acre Property in Benton

      33 acres with home, shop, river frontage, and interstate exposure.
      500 Randel St, Benton, AR 72015
      View Details
    • $899,900
      17.27 Acres

      Haskell Mixed-Use Property For Sale

      17+ acres with commercial zoning and residential space.
      5415 Highway 67, Haskell, AR 72015
      View Details
    • $219,000
      1.67 Acres

      Commercial Lot in Benton, AR

      Level commercial lot in a growing Benton location.
      6226 Alcoa Rd, Benton, AR 72015
      View Details
    • $199,000
      0.35 Acres

      Highway 5 Commercial Lot

      Cleared, level commercial lot with utilities and high visibility.
      513 Highway 5 N, Benton, AR 72015
      View Details
    • Contact for pricing
      2,600 SF

      Prime Commercial Land in Benton

      C-2 zoned commercial land with high visibility in downtown Benton.
      110 N Market St, Benton, AR 72015
      View Details
    • $266,587

      Benton Land Investment Opportunity

      Prime land parcel in Benton, suitable for development or investment.
      1525 B Military Rd, Benton, AR 72015
      View Details

    Similar Nearby for Sale

    • $899,900
      17.27 Acres

      Haskell Mixed-Use Property For Sale

      17+ acres with commercial zoning and residential space.
      5415 Highway 67, Haskell, AR 72015
      View Details
    • $4,999,999
      30.89 Acres

      Versatile 33-Acre Property in Benton

      33 acres with home, shop, river frontage, and interstate exposure.
      500 Randel St, Benton, AR 72015
      View Details
    • $230,000
      0.32 Acres

      Land in Growing Commercial Corridor

      Investment opportunity in Benton's growing commercial corridor.
      806 W South St, Benton, AR 72015
      View Details
    • $1,295,000
      6.21 Acres

      Corner Lot in Benton, AR

      6.21 acre corner lot suitable for retail, restaurant, or offices.
      2409 Military Rd, Benton, AR 72015
      View Details
    • Contact for pricing

      Highway Commercial Land For Sale

      Prime commercial land with high visibility and development potential.
      Edison Ave, Benton, AR 72015
      View Details
    • $219,000
      1.67 Acres

      Commercial Lot in Benton, AR

      Level commercial lot in a growing Benton location.
      6226 Alcoa Rd, Benton, AR 72015
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former CVS Available For Sublease

      Highly visible retail space available for sublease.
      609 Military Rd, Benton, AR 72015
      View Details
    • Contact for pricing

      Medical Office Space in Benton

      Class A medical office space available for rent in Benton.
      3 Medical Park Dr, Benton, AR 72015
      View Details
    • Contact for pricing
      3,600 SF

      Retail Space in Benton, AR

      3,600 SF retail space available for lease.
      1426-1528 Military Rd, Benton, AR 72015
      View Details
    • $2,000 /Mo
      1,519 SF

      Retail Space on Commercial Thoroughfare

      Retail space with three rooms on a commercial thoroughfare.
      817 W South St, Benton, AR 72015
      View Details
    • $22 SF/Yr
      3,047 SF

      Medical Office Near I-30

      Class A medical office space with easy highway access.
      5 Medical Park Dr, Benton, AR 72015
      View Details
    • $3,562 /Mo

      Benton Warehouse Space For Lease

      14,708 SF warehouse in central Benton with I-30 access.
      207-211 Edison Ave, Benton, AR 72015
      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.
    213 E Narroway
    Benton, AR 72015
    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
    213 E Narroway, Benton, AR, 72015
    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!