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    Property profile & analytics

    2506 Hervey St Hope, AR 71801

    • Car washes
    • 1,020 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-1554647
    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

    • Car washes

    Property Details for 2506 Hervey St

    Property size
    1,020 SF
    Property type
    Car washes
    APN
    700-05154-005
    APU
    70005154005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.6122
    Latitude
    33.683
    CBSA code
    26260
    CBSA name
    HOPE, AR MICROPOLITAN 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
    2023
    $819
    $0.00
    $16,470
    $16,470
    -
    $0.00
    $82,350
    $82,350

    Comparable in this City

    • Value Estimation by Request
      2,688 SF

      309 Hazel St

      CAR WASH - SELF-SERVE • 2,688 SF
      309 Hazel St, Hope, AR 71801
      View Details
    • Value Estimation by Request
      4,000 SF

      4314 3rd St

      AUTO REPAIR, GARAGE • 4,000 SF
      4314 3rd St, Hope, AR 71801-6071
      View Details
    • Value Estimation by Request
      5,220 SF

      1208 3rd St

      AUTO REPAIR, GARAGE • 5,220 SF
      1208 3rd St, Hope, AR 71801-4109
      View Details
    • Value Estimation by Request
      1,188 SF

      500 3rd St

      AUTO REPAIR, GARAGE • 1,188 SF
      500 3rd St, Hope, AR 71801-5001
      View Details
    • Value Estimation by Request
      3,200 SF

      211 Compress Rd

      AUTO REPAIR, GARAGE • 3,200 SF
      211 Compress Rd, Hope, AR 71801-2633
      View Details
    • Value Estimation by Request
      2,620 SF

      116 Hazel St

      AUTO REPAIR, GARAGE • 2,620 SF
      116 Hazel St, Hope, AR 71801-3815
      View Details

    Similar Nearby for Sale

    • $275,000
      3,000 SF

      Hope, AR Car Wash Property

      Car wash with metal building on 1.25 acres.
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      View Details
    • $199,000
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      Hope, AR Commercial Property

      4,000 sq ft commercial property suitable for various business types.
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      Shell Convenience Store For Sale

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    • $180,000
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      Hope, AR Mixed-Use Property

      1,920 sq ft, Vacant, Redevelopment Potential
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    • $215,000
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      Mechanic Shop Opportunity in Hope

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    2506 Hervey St
    Hope, AR 71801
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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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