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    Property profile & analytics

    2648 Hwy 278th W Wilmar, AR 71675-8043

    • Turn key restaurants
    • 1,456 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-0908923
    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

    • Turn key restaurants

    Property Details for 2648 Hwy 278th W

    Year built
    1980
    Lot size
    0.23 lot acres
    Property size
    1,456 SF
    Property type
    Turn key restaurants
    APN
    704-00095-000-C
    APU
    70400095000C

    Description

    This unique investment opportunity in Wilmar, Arkansas, presents a 1,456 square foot mixed-use property located at 2648 Highway 278, zip code 71675, Drew County. Previously utilized as a restaurant, this versatile space offers significant potential for a variety of commercial ventures. Its prime location boasts excellent road frontage, ensuring high visibility and accessibility. The asking price is $70,000. Included in the sale is a partially remodeled mobile home, presenting immediate rental income potential. The mobile home's unfinished renovations offer further value-add opportunities, with the potential for increased resale value upon completion. This property is classified as manufacturing and other mixed-use, offering a blend of commercial and residential possibilities. The property's latitude and longitude coordinates are 33.6288694 and -91.935902 respectively. This presents a rare chance to acquire a property with both immediate income potential and long-term growth prospects in a desirable Arkansas location. The property is zoned for mixed-use and offers a unique opportunity for an investor seeking a blend of commercial and residential income streams. The existing structure provides a solid foundation for a variety of business ventures, while the mobile home offers additional income potential and a chance to increase property value through further renovations.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wilmar
    County
    Drew
    State
    Arkansas
    Longitude
    -91.9359
    Latitude
    33.629

    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
    $324
    $700
    $6,150
    $6,850
    -
    $3,500
    $30,750
    $34,250

    Comparable in this City

    • Value Estimation by Request
      285 SF

      2643 Hwy 278th W

      DRIVE-THRU RESTAURANT, FAST FOOD • 285 SF
      2643 Hwy 278th W, Wilmar, AR 71675
      View Details
    • Value Estimation by Request
      5,420 SF

      2657 Hwy 278th W

      CONVENIENCE STORE • 5,420 SF
      2657 Hwy 278th W, Wilmar, AR 71675-8043
      View Details
    • Value Estimation by Request
      10,640 SF

      2576 Us-278

      Individual retail properties • 10,640 SF
      2576 Us-278, Wilmar, AR 71675
      View Details
    • Value Estimation by Request
      3,200 SF

      2471 Hwy 278th E

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      2471 Hwy 278th E, Wilmar, AR 71675-8001
      View Details
    • Value Estimation by Request
      4,000 SF

      2604 Hwy 278th W

      AUTO REPAIR, GARAGE • 4,000 SF
      2604 Hwy 278th W, Wilmar, AR 71675-8043
      View Details
    • Value Estimation by Request
      0.43 Acres

      Hwy 278th W

      COMMERCIAL (GENERAL) • 0.43 Acres
      Hwy 278th W, Wilmar, AR 71675
      View Details

    Similar Nearby for Sale

    • $150,000
      3,000 SF

      Wilmar Church Building on Three Acres

      3000 SF church building with sanctuary on 3 acres.
      2390 Us 278 W, Wilmar, AR 71675
      View Details
    • $1,159,000
      320.00 Acres

      322 Acres Hunting/Residential Land

      322 acres perfect for deer, hog, and duck hunters.
      3400 Us-278 Hwy, Wilmar, AR 71675
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    • $297,000
      90.00 Acres

      90 Acres Drew County Commercial Land

      Arkansas Commercial Land: Hunting, Development Potential
      90 Acres In Drew, Green Hill, AR 71675
      View Details
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    2648 Hwy 278th W
    Wilmar, AR 71675-8043
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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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