Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    216 Starr Ave Lincoln, AR 72744-8905
    Back to Search
    Property profile & analytics

    216 Starr Ave Lincoln, AR 72744-8905

    View on Map
    • Warehouses
    • 2,400 SF
    • 0.30 lot acres
    Off-Market
    Property ID
    US05-0388246
    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

    • Whitworx Fine Metal Finishing / Factory / Production Facility

    Property Details for 216 Starr Ave

    Year built
    2009
    Lot size
    0.30 lot acres
    Property size
    2,400 SF
    Property type
    Warehouses
    APN
    790-18830-000
    APU
    79018830000

    Description

    This exceptional 2,400 square foot commercial building is ideally situated on a 0.16-acre lot at 216 S Starr Avenue in Lincoln, Arkansas. Its prime location offers excellent visibility from Highway 62, ensuring high traffic exposure for any business. The building itself has been meticulously maintained and recently updated, presenting a move-in ready opportunity for a variety of commercial uses. Currently configured as an auto dealership, the versatile space boasts a 30x80 footprint and features a modern, updated bathroom. The property includes three-phase power and a robust 5-ton heating and air conditioning system, ensuring efficient and comfortable operation year-round. The sizable front lot provides ample space for parking, customer access, or potential expansion. The building's excellent condition and strategic location make it an attractive investment for entrepreneurs seeking a well-maintained property with high visibility in the heart of Lincoln. Its adaptability makes it suitable for a wide range of commercial ventures, offering a unique opportunity to establish or relocate a business in a thriving community. The asking price is $249,000.

    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
    Lincoln
    County
    Washington
    State
    Arkansas
    Longitude
    -94.4243
    Latitude
    35.9482
    CBSA code
    22220
    CBSA name
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR-MO 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
    $683
    $5,240
    $18,230
    $23,470
    -
    $26,200
    $91,150
    $117,350

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      1707 En St

      WAREHOUSE, STORAGE • 3,200 SF
      1707 En St, Lincoln, AR 72744-8474
      View Details
    • Value Estimation
      $725,000
      11,200 SF

      20456 Hwy 62

      WAREHOUSE, STORAGE • 11,200 SF
      20456 Hwy 62, Lincoln, AR 72744-8711
      View Details
    • Value Estimation by Request
      4,900 SF

      600 Pridemore Dr

      MINI-WAREHOUSE, STORAGE • 4,900 SF
      600 Pridemore Dr, Lincoln, AR 72744-9024
      View Details
    • Value Estimation
      $1,110,000
      11,100 SF

      2285 Pridemore Dr

      WAREHOUSE, STORAGE • 11,100 SF
      2285 Pridemore Dr, Lincoln, AR 72744-8661
      View Details
    • Value Estimation by Request
      1,800 SF

      2243 Pridemore Dr

      WAREHOUSE, STORAGE • 1,800 SF
      2243 Pridemore Dr, Lincoln, AR 72744-8661
      View Details
    • Value Estimation by Request
      2,580 SF

      22230 Dutch Mls Rd

      WAREHOUSE, STORAGE • 2,580 SF
      22230 Dutch Mls Rd, Lincoln, AR 72744
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,876 SF

      Industrial Property in Lincoln, Arkansas

      Industrial property available for rent in Lincoln, Arkansas.
      113 W South St, Lincoln, AR 72744
      View Details
    • $525,000
      Pending

      Lincoln Land Opportunity Near Schools

      Rare 10-acre land parcel near schools in Lincoln, Arkansas.
      508 E Holt Rd, Lincoln, AR 72744
      View Details
    • $515,000
      14.00 Acres

      Lincoln, AR Land For Sale

      14 acres of land, suitable for building, paved road access.
      S Wedington Blacktop Rd, Lincoln, AR 72744
      View Details
    • $59,000
      0.59 Acres

      Residential Land in Lincoln, AR

      Residential land suitable for building a house or tiny house.
      608 W Holt Rd, Lincoln, AR 72744
      View Details
    • $310,000
      2,280 SF

      Lincoln, AR Duplex Investment

      Two fully rented duplexes with strong occupancy and low maintenance.
      608 Jason Pl, Lincoln, AR 72744
      View Details
    • $165,000
      10.00 Acres

      Lincoln, AR - 10 Acres

      10 acres of open, level land suitable for development.
      10 E Holt Rd, Lincoln, AR 72744
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      700 SF

      Retail/Office Space in Lincoln, AR

      700 SF retail/office space with shop/warehouse available for rent.
      200 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $10 SF/Yr
      2,900 SF

      Retail/Office Space in Lincoln, AR

      2900 SF retail/office space with warehouse in Lincoln, AR.
      204 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $10 SF/Yr
      2,900 SF

      Retail/Office Space with Warehouse

      2900 SF retail/office space with shop/shed/warehouse available.
      204 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $13 SF/Yr
      500 SF

      Retail/Office Space in Lincoln, AR

      500 SF retail/office space with high visibility and parking.
      200 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $13 SF/Yr
      700 SF

      Lincoln Retail Space For Rent

      Retail space available for lease in Lincoln, Arkansas.
      200 W Pridemore Dr, Lincoln, AR 72744
      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.
    216 Starr Ave
    Lincoln, AR 72744-8905
    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
    216 Starr Ave, Lincoln, AR, 72744
    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!