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Property profile & analytics
OFF-MARKET
Commercial real estate
2213 Race Ave, Searcy, AR 72143-4727
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-2097649
Property summary
AI-generated overview
Global Plaza, located at 2213 E Race Ave in Searcy, Arkansas, presents a unique opportunity for businesses seeking versatile office space. This single-story, 5,500 square foot building, constructed in 1965 and extensively renovated in 2024, offers a total of three separate units, each approximately 2,000 square feet. The entire 5,500 square feet is currently available for lease. Recent renovations include a new roof coating, new flooring, spray foam insulation, new drywall, fresh paint, a new HVAC system, new asphalt paving, upgraded electrical systems, and new lighting. The building boasts a 12-foot ceiling height and ample parking with 25 spaces available. The property is situated in White County, Arkansas, zip code 72143, and is categorized as Traditional, Executive, Medical, and Creative office space. Owners are open to build-outs to accommodate tenant needs. This property is also available for purchase.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1965
Total area
7,522 SF
Lot
0.55 ac (23,958 SF)
APN
016-01116-000
UPID
US05-2097649
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
-
Top Nails Nail Salon
-
Dark Room Web Design & Hosting Data Center IT Consulting 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
Elevate LLC · 2 yrs held
Elevate LLC
since 2024
Last sale
$215,000
4 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 Searcy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Searcy 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 2024Property tax & assessments
Tax year 2024
Tax billed
$1,919
Tax year 2024
Assessed value
$47,260
Assessed 2024
Previous assessed
$47,260
+0.0% YoY
Effective rate
4.06%
On assessed value
Assessed land
$38,400
Assessed improvement
$8,860
Land market value
$192,000
Improvement market value
$44,300
Total market value
$236,300
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,522 SF
Lot
0.55 ac (23,958 SF)
APN
016-01116-000
UPID
US05-2097649
Jurisdiction
WHITE
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
1965
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Elevate LLC
Entity
Mailing address
2721 W BEEBE CAPPS EXPY, SEARCY, AR 72143-8800
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2024
$215,000
Elevate LLC
Double J Properties LLC
Warranty Deed
$490,745 · Riverwind Bank
May 26, 2011
—
Crabtree Investments INC
Loverd M Peacock
Correction Deed
related
—
May 22, 2008
—
Loverd M Peacock
Loverd M Peacock
Quit Claim Deed
related
—
Dec 30, 2005
$290,000
Loverd M Peacock
Flyayway INC
Warranty Deed
$310,000 · Liberty Bank Of Arkansas
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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