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    Property profile & analytics

    245 Indian Bay Dr Sherwood, AR 72120-3412

    • Assisted living facilities
    • 41,189 SF
    • 3.54 lot acres
    OFF-MARKET
    Value Estimation
    $755,000
    Location Intelligence
    Property ID
    US05-0216592
    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

    • Sherwood Nursing & Rehab Center / Nursing Home

    Property Details for 245 Indian Bay Dr

    Year built
    1992
    Lot size
    3.54 lot acres
    Property size
    41,189 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    22S-001-05-001-02
    APU
    22S0010500102

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $995,000
      6.5%
      $1,065,000
      7%
      $1,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $970,000
      Geo Method
      $1,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $995,000
      Retail
      $880,000
      Mixed-Use
      $1,050,000
      Hospitality
      $1,130,000
      Educational
      $1,020,000
      Residential Income
      $875,000
      Energy
      $1,005,000
      Income-Based Land
      $845,000
      Food Service
      $930,000

    Location Insight

    • Map
    • Local Demand
    City
    Sherwood
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.1897
    Latitude
    34.8434
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR 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
    $50,825
    $181,822
    $793,708
    $975,530
    -
    $909,110
    $3,968,540
    $4,877,650

    Comparable in this City

    • Value Estimation
      $660,000
      32,661 SF

      9880 Brockington Rd

      HOMES (RETIRED, NURSING) • 32,661 SF
      9880 Brockington Rd, Sherwood, AR 72120-3447
      View Details
    • Value Estimation
      $535,000
      12,484 SF

      8900 Hwy 107

      HOMES (RETIRED, NURSING) • 12,484 SF
      8900 Hwy 107, Sherwood, AR 72120-2932
      View Details
    • Value Estimation
      $325,000
      2,240 SF

      2800 Kiehl Ave

      MEDICAL BUILDING • 2,240 SF
      2800 Kiehl Ave, Sherwood, AR 72120-3244
      View Details
    • Value Estimation
      $325,000
      2,449 SF

      1409 Kiehl Ave

      MEDICAL BUILDING • 2,449 SF
      1409 Kiehl Ave, Sherwood, AR 72120-3041
      View Details
    • Value Estimation
      $345,000
      3,340 SF

      9300 Brockington Rd

      MEDICAL BUILDING • 3,340 SF
      9300 Brockington Rd, Sherwood, AR 72120-4252
      View Details
    • Value Estimation
      $195,000
      3,788 SF

      1421 Country Clb Rd

      MEDICAL BUILDING • 3,788 SF
      1421 Country Clb Rd, Sherwood, AR 72120-5082
      View Details

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    Similar Nearby for Lease

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      3600 sq ft, single-tenant office, recently remodeled.
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      Flexible office suites available for lease in Sherwood, Arkansas.
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      Office Suites Available for Lease

      Flexible office suites for lease, ranging from 327 to 12,391 sq ft.
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    • $3,609 /Mo
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      Sherwood, AR - Flexible Leasing

      Suites available from 327 to 12,391 sq ft.
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    • $5,143 /Mo
      4,115 SF

      Sherwood Office Space For Lease

      Flexible office suites available, ranging from 327 to 12,391 square feet.
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      View Details
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    245 Indian Bay Dr
    Sherwood, AR 72120-3412
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    Realmo Value Estimation

    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.

    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.

    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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