280 Fair St Centerton, AR 72719-8800
Property profile & analytics
280 Fair St Centerton, AR 72719-8800
- Commercial real estate
- 1.50 lot acres
Property ID
US05-0159748
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.
Location Intelligence
Current Use by Public Records
- Fair Street Village Mobile Home Park / Campground & RV Park
Property Details for 280 Fair St
- Lot size
- 1.50 lot acres
- Property type
- Commercial real estate
- APN
- 06-00133-000
- APU
- 600133000
Description
Exceptional investment opportunity in a prime Centerton, Arkansas location. This 16-unit mobile home park boasts a 94% occupancy rate and sits on a 1.5-acre lot with 32 parking spaces. The property features 16 pads, with 8 park-owned homes (valued at $200,000) and 6 tenant-owned homes. Recent renovations (2022-2024) have modernized many of the park-owned homes. The park benefits from city water and sewer, and a new 200-amp electrical service with individual meters for 12 of the 16 sites. The property is zoned R3-MF and enjoys a strategic location near Bentonville, home to Walmart's headquarters, and is across from a new Walmart Supercenter. The park is surrounded by high-value single-family homes, indicating strong potential for future appreciation. The current NOI is $88,675, with a pro-forma NOI of $106,375, resulting in a 7.20% cap rate and a pro-forma cap rate of 8.70%. The asking price is $1,225,000, or $76,562.50 per pad. This presents a unique opportunity to capitalize on the strong demand in this rapidly growing area of Arkansas. The property's proximity to major employers like Walmart, J.B. Hunt, and Tyson Foods, along with the high median household income in Centerton ($105,000), further enhances its investment appeal. The park is all ages and offers significant upside potential through the sale of park-owned homes or implementation of a rent-to-own strategy. A city-approved site plan (January 2024) ensures compliance and future development possibilities. Additional information is available at a separate website.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Centerton
- County
- Benton
- State
- Arkansas
- Longitude
- -94.283
- Latitude
- 36.3603
- 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
2023
$4,354
$66,450
$4,110
$70,560
-
$332,250
$20,550
$352,800
