New search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
215 Arkansas Ave, Russellville, AR 72801-5008
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0719890
Property summary
AI-generated overview
This newly renovated, 14,000 square foot historic building in Russellville, Arkansas offers a vibrant coworking environment. Located at 215 S Arkansas Ave, it features 18 private offices, ranging from 150 to 4,500 contiguous square feet, plus open work areas and dedicated desks. Built in 1926 and completely renovated in 2024, the property provides a blend of historic charm and modern amenities. The space includes multiple conference rooms, zoom rooms, a podcast room, and a large event area suitable for both tenant use and community events. Amenities also include on-site healthy food options, specialty coffee, and kombucha on tap. Flexible lease terms are available, ranging from simple monthly memberships to multiple private office leases. The property is situated in the thriving historic downtown area of Russellville, Pope County, Arkansas, zip code 72801. This collaborative community offers a unique opportunity for businesses of all sizes to thrive. The minimum leasable space is 150 square feet.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1935
Total area
17,012 SF
Lot
0.64 ac (28,000 SF)
APN
758-00216-000C
UPID
US05-0719890
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
-
Co-Create Innovation Hub Coworking & Hybrid Office
-
Scarlett Marketing & Design Marketing & Advertising (Bike/Boat/Book/etc) Store
-
US SIGNS (Bike/Boat/Book/etc) Store Printing Service
-
All in One Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$595k
Owner & transaction history
Rvi Investments LLC · 2 yrs held
Rvi Investments LLC
since 2023
Last sale
$475,000
2 recorded transactions
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 Russellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Russellville 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
Method
Estimation
Statistic approach
$640,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $475k (Oct 4 2023)
Last sale anchor
$475k
Oct 4 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$35 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$2,134
Tax year 2024
Assessed value
$46,280
Assessed 2024
Previous assessed
$46,280
+0.0% YoY
Effective rate
4.61%
On assessed value
Assessed land
$25,980
Assessed improvement
$20,300
Land market value
$129,900
Improvement market value
$101,500
Total market value
$231,400
Applied tax rate
14.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1935
Heating
NONE
Cooling
NONE
Stories
1
Total area
17,012 SF
Lot
0.64 ac (28,000 SF)
APN
758-00216-000C
UPID
US05-0719890
Jurisdiction
POPE
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
Year built
1935
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Rvi Investments LLC
Entity
Mailing address
800 E MAIN ST, RUSSELLVILLE, AR 72801-5250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Rvi Investments LLC
—
Deed
related
$1,870,000 · First State Bank
Oct 4, 2023
$475,000
Rvi Investments LLC
Regions Bank
Deed
$400,000 · First State 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 215 Arkansas Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
