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    2407 S Thompson St Springdale, AR 72764
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    Property profile & analytics

    2407 S Thompson St Springdale, AR 72764

    View on Map
    • Outlet malls
    • 21,840 SF
    • 1.06 lot acres
    For Sale
    $2,999,999
    View Listing →
    Springdale Commercial Opportunity on 71B For Sale
    $2,999,999
    21,840 SF

    Springdale Commercial Opportunity on 71B

    21,840 SF building with high visibility and frontage.

    2407 S Thompson Street, Springdale, AR 72764
    View Listing
    Property ID
    US05-0764624
    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

    • Open Box Appliance & Furniture Store / Furniture & Home Goods / Home Decor Store
    • Home Sweet Home Flea Market & Antique Mall / (Bike/Boat/Book/etc) Store
    • Open Box Appliance / Home Appliance Store / Hardware & Home Improvement

    Property Details for 2407 S Thompson St

    Year built
    1988
    Lot size
    1.06 lot acres
    Property size
    21,840 SF
    Zone code
    C-2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    815-29161-000
    APU
    81529161000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,155,000
      ML approach
      $1,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,136,000
      Market price range: $678k - $2.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1431
    Latitude
    36.1614
    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
    $10,428
    $60,900
    $237,410
    $298,310
    -
    $304,500
    $1,187,050
    $1,491,550

    Comparable in this City

    • Value Estimation
      $3,515,000
      20,800 SF

      4355 Robinson Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 20,800 SF
      4355 Robinson Ave, Springdale, AR 72764-0354
      View Details
    • Value Estimation
      $4,670,000
      55,200 SF

      4000 Thompson St

      WHOLESALE OUTLET, DISCOUNT STORE • 55,200 SF
      4000 Thompson St, Springdale, AR 72764-7028
      View Details
    • Value Estimation
      $1,335,000
      9,150 SF

      2601 Robinson Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 9,150 SF
      2601 Robinson Ave, Springdale, AR 72764-0355
      View Details
    • Value Estimation
      $1,465,000
      17,528 SF

      104 Thompson St Sta, Unit A

      WHOLESALE OUTLET, DISCOUNT STORE • 17,528 SF
      104 Thompson St Sta, Springdale, AR 72764-4237
      View Details
    • Value Estimation
      $2,095,000
      15,244 SF

      906 Thompson St

      WHOLESALE OUTLET, DISCOUNT STORE • 15,244 SF
      906 Thompson St, Springdale, AR 72764-5232
      View Details
    • Value Estimation
      $585,000
      14,500 SF

      4388 Thompson St

      WHOLESALE OUTLET, DISCOUNT STORE • 14,500 SF
      4388 Thompson St, Springdale, AR 72764-8051
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,400 SF

      Corner Lot with Warehouse/Flex Space

      Highly visible corner lot with warehouse/flex space building.
      4890 Horn Ln, Springdale, AR 72764
      View Details
    • $1,895,000
      Pending

      Retail Space in Growing Area

      Retail property with three-phase power, loading dock, and dedicated parking.
      321 E Emma Ave, Springdale, AR 72764
      View Details
    • $299,762
      996 SF

      Downtown Springdale Office/Retail Opportunity

      Versatile commercial space in historic downtown Springdale near amenities.
      311 S Main St, Springdale, AR 72764
      View Details
    • $199,900
      Pending

      Springdale Office/Retail Space For Sale

      Office/retail space in Springdale, near Emma Avenue.
      709 W Meadow Ave, Springdale, AR 72764
      View Details
    • $3,080,000
      2,416 SF

      Prime Commercial Land on 71B

      8.95+/- acres ideal for commercial/retail and warehousing development.
      4876 N Thompson St, Springdale, AR 72764
      View Details
    • $675,000
      3,072 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage in high-traffic area.
      2103 S Thompson St, Springdale, AR 72764
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Retail Space on HWY 71B

      Retail property with frontage on HWY 71B and ample parking.
      812 N Thompson St, Springdale, AR 72764
      View Details
    • Contact for pricing
      9,900 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near University.
      2002 S Pleasant St, Springdale, AR 72764
      View Details
    • $34 SF/Yr
      4,025 SF

      Prime Retail Opportunity in Springdale

      Retail suites with drive-thru, high visibility, and convenient access.
      1415-1443 West Sunset Ave, Springdale, AR 72764
      View Details
    • $10 SF/Yr
      21,840 SF

      Springdale Retail/Office Space Available

      High-visibility retail/office space in a thriving commercial corridor.
      2407 S Thompson St, Springdale, AR 72764
      View Details
    • $23 SF/Yr
      1,500 SF

      Springdale Commercial Spaces For Lease

      Newly constructed commercial spaces ideal for retail, office, restaurant, medical.
      2588 E Robinson Ave, Springdale, AR 72764
      View Details
    • $10 SF/Yr
      1,518 SF

      Downtown Springdale Retail Space

      1,518 SF retail space in Downtown Springdale.
      809 E Emma Ave, Springdale, AR 72764
      View Details
    View Listing
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    Springdale, AR 72764
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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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