2806 Race Ave Searcy, AR 72143-4776
Property profile & analytics
2806 Race Ave Searcy, AR 72143-4776
- Outlet malls
- 6,754 SF
- 0.73 lot acres
Property ID
US05-1647044
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
- Medic Sav-On Drugs / Pharmacy
- UPS Access Point location / Courier Service / Postal Service
Property Details for 2806 Race Ave
- Year built
- 2001
- Lot size
- 0.73 lot acres
- Property size
- 6,754 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 016-09963-001
- APU
- 1609963001
Description
This exceptional investment opportunity presents a 7,000 square foot, Class A, single-tenant retail property located at 2806 E Race Ave, Searcy, AR 72143. The property, built in 2001, is currently leased to Advance Auto Parts under a Net Lease agreement with approximately 1.1 years remaining on a 26.4-year lease expiring December 31, 2025. The lease commenced September 1, 1999. The property boasts a strong 6.32% cap rate and a Net Operating Income (NOI) of $81,500, with an asking price of $1,290,000 ($184.29 per square foot). Situated on 0.73 acres in a high-traffic retail area near major employers and other retail brands, this property offers excellent visibility and strong tenant history. The property is zoned for commercial use, presenting potential for alternative ventures and future value appreciation. This is a rare opportunity to acquire a well-maintained asset in a rapidly growing Arkansas city with attractive demographics. While there are no remaining lease options, the strong tenant history and the property's location in a thriving area present opportunities for value enhancement through negotiation or alternative uses. The property consists of one building on a single unit. This is a compelling investment opportunity for those seeking strong returns in a stable market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $890,000
- 6.5%
- $820,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $728,000
- AI Estimate
- $633,000
Market price range: $276k - $846kMarket price range: $204k - $711k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $535,000 Current use
- OFFICE BUILDING
- $500,000 Change: -6% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Searcy
- County
- White
- State
- Arkansas
- Longitude
- -91.7026
- Latitude
- 35.251
- CBSA code
- 42620
- CBSA name
- SEARCY, 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
2024
$4,132
$60,420
$41,350
$101,770
-
$302,100
$206,750
$508,850
