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    Property profile & analytics

    224 Thompson St Springdale, AR 72764-4239

    • Retail properties
    • 6,078 SF
    • 0.79 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0815552
    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.

    Current Use by Public Records

    • Tang's Asian Market / Asian Grocery Store
    • Golden Star Auto Sales / Motor Vehicle Dealer

    Property Details for 224 Thompson St

    Year built
    2003
    Lot size
    0.79 lot acres
    Property size
    6,078 SF
    Zone code
    C2
    Property type
    Retail properties
    APN
    815-28144-000
    APU
    81528144000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $242,000
      Market price range: $121k - $303k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1392
    Latitude
    36.1834
    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
    $6,291
    $54,920
    $109,810
    $164,730
    -
    $274,600
    $549,050
    $823,650

    Comparable in this City

    • Value Estimation
      $790,000
      39,916 SF

      3553 Robinson Ave

      ROADSIDE MARKET • 39,916 SF
      3553 Robinson Ave, Springdale, AR 72764-0218
      View Details
    • Value Estimation
      $310,000
      17,668 SF

      2009 Thompson St

      ROADSIDE MARKET • 17,668 SF
      2009 Thompson St, Springdale, AR 72764-6329
      View Details
    • Value Estimation
      $590,000
      7,686 SF

      1505 Thompson St

      ROADSIDE MARKET • 7,686 SF
      1505 Thompson St, Springdale, AR 72764-6319
      View Details
    • Value Estimation by Request
      13,280 SF

      2588 Robinson Ave

      Lifestyle centers • 13,280 SF
      2588 Robinson Ave, Springdale, AR 72764
      View Details
    • Value Estimation by Request
      15.00 Acres

      20323 Highway 412

      Distribution properties • 12,000 SF
      20323 Highway 412, Springdale, AR 72764
      View Details
    • Value Estimation
      $260,000
      2,490 SF

      1208 Thompson St

      RETAIL STORES (PERSONAL SERVICES) • 2,490 SF
      1208 Thompson St, Springdale, AR 72764-6371
      View Details

    Similar Nearby for Sale

    • $1,650,000
      7,000 SF

      Prime Corner Retail/Medical Opportunity

      Hard corner location ideal for retail or medical use.
      100 N Thompson St, Springdale, AR 72764
      View Details
    • Contact for pricing
      1,500 SF

      New Retail and Office Spaces

      New commercial spaces ideal for retail, office, restaurant, and medical.
      2588 E Robinson Ave, Springdale, AR 72764
      View Details
    • Contact for pricing
      2,250 SF

      Springdale Restaurant/Retail Opportunity

      2,250 SF commercial space in the heart of Springdale.
      1207 S Thompson St, Springdale, AR 72764
      View Details
    • Contact for pricing
      4,720 SF

      Versatile Warehouse in Central Springdale

      Adaptable property suitable for various businesses in central Springdale.
      1219 W Huntsville Ave, Springdale, AR 72764
      View Details
    • Contact for pricing
      2,354 SF

      Retail Space in Downtown Springdale

      Street retail space in the heart of downtown Springdale.
      109 W Emma Ave Unit, Springdale, AR 72764
      View Details
    • Contact for pricing
      2,049 SF

      Prime Commercial Space in Springdale

      2,049 SF retail/office space in revitalized downtown Springdale.
      111 S Main St, Springdale, AR 72764
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      25 SF

      Springdale Retail Space: Prime Location

      Downtown Springdale retail space, 5,557 sq ft, 2021 construction.
      202 Emma Ave, Springdale, AR 72764
      View Details
    • $26 SF/Yr
      30,857 SF

      Downtown Springdale Office Space

      Prime Retail/Office Opportunity in Springdale
      100 Emma Ave, Springdale, AR 72764
      View Details
    • $34 SF/Yr
      12,000 SF

      New Retail Construction on Highway

      Retail spaces available in new construction with high traffic frontage.
      Highway 412, Springdale, AR 72764
      View Details
    • $20 SF/Yr
      13,280 SF

      Springdale Medical Office Space

      Prime Retail & Medical Office Suites Available
      2588 Robinson Ave, Springdale, AR 72764
      View Details
    • $15 SF/Yr
      56,000 SF

      Retail Space on HWY 71B

      Retail property with frontage on HWY 71B and ample parking.
      812 N Thompson St, Springdale, AR 72764
      View Details
    • $34 SF/Yr
      12,000 SF

      New Retail Construction on Highway

      New retail buildings for lease in Springdale, Arkansas.
      Highway 412, Springdale, AR 72764
      View Details
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    224 Thompson St
    Springdale, AR 72764-4239
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    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
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