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Property profile & analytics
OFF-MARKET
Office buildings
213 Main St Walnut Ridge, AR 72476-1934
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US05-1179482
Property summary
AI-generated overview
This exceptional 3,440-square-foot executive office building presents a rare opportunity for ownership in the heart of Walnut Ridge, Arkansas. Located at 213 W Main St, this single-story, Class B property is currently vacant and ready for immediate occupancy. The asking price is $210,000, translating to $61.05 per square foot. Recent renovations include a new HVAC system and a new roof, ensuring efficient and comfortable operation. The building boasts ample on-site parking, accommodating up to six vehicles behind the structure. The property features a single unit within a single building, making it ideal for a business seeking a convenient and well-maintained space. The property's location in downtown Walnut Ridge offers excellent visibility and accessibility. The Assessor's Parcel Number (APN) is 850-00071-000-C. This owner-user investment opportunity is perfect for a business seeking a prime location and a recently updated space. The net rentable square footage is 3,440 square feet. Don't miss this chance to acquire a turnkey office space in a thriving Arkansas community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,440 SF
Lot
0 ac (48 SF)
APN
850-00071-000-C
UPID
US05-1179482
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
OMG Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Queen Properties LLC · 6 yrs held
Queen Properties LLC
since 2019
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Walnut Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walnut Ridge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,422
Tax year 2023
Assessed value
$31,255
Assessed 2024
Previous assessed
$31,255
+0.0% YoY
Effective rate
4.55%
On assessed value
Assessed land
$1,500
Assessed improvement
$29,755
Land market value
$7,500
Improvement market value
$148,775
Total market value
$156,275
Applied tax rate
19.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Total area
3,440 SF
Lot
0 ac (48 SF)
APN
850-00071-000-C
UPID
US05-1179482
Jurisdiction
LAWRENCE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Lot
0 ac
Current owner
From public records · entity-resolved
Queen Properties LLC
Entity
Mailing address
100 E MATTHEWS AVE STE A, JONESBORO, AR 72401-3130
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
$120,000
Queen Properties LLC
Court Square Real Estate INC
Warranty Deed
$116,000 · Fnbc Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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