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Property profile & analytics
OFF-MARKET
Estimated value
$2,780,000
Retail space
2307 Washington St, Forrest City, AR 72335-1800
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0497331
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
42,514 SF
Lot
38.95 ac (1,696,662 SF)
APN
0800-00223-0000
UPID
US05-0497331
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
-
Western Union Bank Credit Union
-
Edwards Cash Saver Grocery & Convenience Store Food Market
-
Jared Caldwell Pharmacy
-
FURNITURE EXORESS Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.78M
Owner & transaction history
Development Company Edprop LLC · 10 yrs held
Development Company Edprop LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+52.9%
Commercial (general)
$4.5M
+52.1%
Auto repair, garage
$4.1M
+37.7%
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 Forrest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forrest City 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,980,000
Current use
RESTAURANT
$4,560,000
Change: +53% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,535,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,105,000
Change: +38% · Conversion: Difficult
OFFICE BUILDING
$3,955,000
Change: +33% · Conversion: Easy
MEDICAL BUILDING
$2,590,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.78M
Range $2.50M – $3.06M · ±10%
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
$65 / 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
$21,060
Tax year 2024
Assessed value
$465,160
Assessed 2024
Previous assessed
$465,160
+0.0% YoY
Effective rate
4.53%
On assessed value
Assessed land
$74,400
Assessed improvement
$390,760
Land market value
$372,000
Improvement market value
$1,953,800
Total market value
$2,325,800
Applied tax rate
7.0000
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
Heating
NONE
Cooling
NONE
Stories
1
Total area
42,514 SF
Lot
38.95 ac (1,696,662 SF)
APN
0800-00223-0000
UPID
US05-0497331
Jurisdiction
ST FRANCIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.0M
RESTAURANT
Est. value
$4.6M
COMMERCIAL (GENERAL)
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
OFFICE BUILDING
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$2.6M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Lot
38.95 ac
Current owner
From public records · entity-resolved
Development Company Edprop LLC
Entity
Free & Clear · 10 yrs held
Mailing address
128 LEE RD 316, MARIANNA, AR 72360-8102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Apr 14, 2016
$434,848
Development Company Edprop LLC
John D Peeple S III
Executors Deed
—
Apr 14, 2016
—
Edprop Devp Co LLC
Peeples Enterprises INC
Warranty Deed
$3,059,745 · First National Bank Of America
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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