Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    306 Black Oak Ave Springdale, AR 72764
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    306 Black Oak Ave Springdale, AR 72764

    View on Map
    • Commercial real estate
    • 4.77 lot acres
    Off-Market
    Property ID
    US05-2420043
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Patio Chairs-Polylee: Outdoor Lounge Chairs / Home Decor Store / Department Store

    Property Details for 306 Black Oak Ave

    Lot size
    4.77 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.77-acre parcel in Springdale, Arkansas, presents a unique development opportunity within an Opportunity Zone. Currently zoned SF2, the property boasts an enviable location in the heart of Washington County, offering easy access to I-49 and proximity to two apartment complexes, upscale homes, and the Springdale Country Club. The existing structures on the property are considered to have no value. The site's strategic position provides convenient access to the Razorback Greenway trails, Lake Fayetteville, a variety of shopping and dining options, the Springdale Country Club, and major employers including Tyson Foods World Headquarters, the University of Arkansas, Walmart World Headquarters, and J.B. Hunt Transport Services World Headquarters, as well as area hospitals. A buyer is in the process of changing the zoning to MF12, opening possibilities for a variety of high-density residential projects. Potential development scenarios include upscale townhouses, garden homes, or a gated community of luxury estate homes, all aligning with the city's objectives for higher-density housing in this exclusive neighborhood. The site is also suitable for the creation of 5 to 7 half-acre luxury estate homes within a gated community. The property is not located within a flood zone. This is an exceptional opportunity to capitalize on the strong demand for high-end and mid-level housing in this desirable area. The asking price is $835,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.13875
    Latitude
    36.14944

    Comparable in this City

    • Contact for pricing

      Prime Development Opportunity in Springdale

      2.79 acre lot in Springdale Care Corridor.
      3320 S 48Th St, Springdale, AR 72764
      View Details
    • Contact for pricing
      2,400 SF

      Corner Lot with Warehouse/Flex Space

      Highly visible corner lot with warehouse/flex space building.
      4890 Horn Ln, Springdale, AR 72764
      View Details
    • $900,000
      9.19 Acres

      Springdale Land Near Bike Trails

      9.19 acres bordering Bayyari Park and Mountain Bike Trails.
      2497 Woodcliff Rd, Springdale, AR 72764
      View Details
    • $3,488,800
      85.88 Acres

      Land with Future Growth Potential

      Large land tract in Springdale, Arkansas, with highway access.
      4886-4856 Parsons Rd, Springdale, AR 72764
      View Details
    • $185,000
      2.54 Acres

      Residential Lot in Springdale, AR

      2.54 acre lot with mature trees in convenient location.
      19544 Sonora Rd, Springdale, AR 72764
      View Details
    • $495,000
      Pending

      Springdale Commercial Land Opportunity

      3.5-acre commercial land with high visibility and accessibility.
      500 W County Line Rd, Springdale, AR 72764
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Development Opportunity in Springdale

      2.79 acre lot in Springdale Care Corridor.
      3320 S 48Th St, Springdale, AR 72764
      View Details
    • Contact for pricing
      2,400 SF

      Corner Lot with Warehouse/Flex Space

      Highly visible corner lot with warehouse/flex space building.
      4890 Horn Ln, Springdale, AR 72764
      View Details
    • $900,000
      9.19 Acres

      Springdale Land Near Bike Trails

      9.19 acres bordering Bayyari Park and Mountain Bike Trails.
      2497 Woodcliff Rd, Springdale, AR 72764
      View Details
    • $3,488,800
      85.88 Acres

      Land with Future Growth Potential

      Large land tract in Springdale, Arkansas, with highway access.
      4886-4856 Parsons Rd, Springdale, AR 72764
      View Details
    • $185,000
      2.54 Acres

      Residential Lot in Springdale, AR

      2.54 acre lot with mature trees in convenient location.
      19544 Sonora Rd, Springdale, AR 72764
      View Details
    • $495,000
      Pending

      Springdale Commercial Land Opportunity

      3.5-acre commercial land with high visibility and accessibility.
      500 W County Line Rd, Springdale, AR 72764
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,880 SF

      Highway 412 Warehouse with Yard

      Warehouse with office space and yard available for lease.
      1801 E Robinson Ave, Springdale, AR 72764
      View Details
    • $16 SF/Yr
      44,000 SF

      Adaptable Industrial Complex in Springdale

      Premier industrial complex with adaptable space and excellent connectivity.
      1515 East Robinson Ave, Springdale, AR 72764
      View Details
    • New
      $23 SF/Yr
      1,824 SF

      Sunrise Point Plaza Commercial Space

      New commercial spaces for lease in rapidly developing Springdale corridor.
      2630 E Robinson Ave, Springdale, AR 72764
      View Details
    • New
      $20 SF/Yr
      1,500 SF

      Springdale Commercial Space For Lease

      New commercial spaces ideal for retail, office, restaurant, or medical.
      2588 E Robinson Ave, Springdale, AR 72764
      View Details
    • $20 SF/Yr
      442 SF

      Downtown Springdale Retail or Office

      Office or retail space in the heart of Springdale.
      417 E Emma Ave, Springdale, AR 72764
      View Details
    • $12 SF/Yr
      9,450 SF

      Springdale Flex Space Available

      Flex space in Springdale with loading docks and highway access.
      444 Old Wire Rd, Springdale, AR 72764
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    306 Black Oak Ave
    Springdale, AR 72764
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!