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    3061 Wagon Wheel Rd Springdale, AR 72762-0114
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    Property profile & analytics

    3061 Wagon Wheel Rd, Springdale, AR 72762-0114

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    • Office buildings
    • 1,618 SF
    • 0.99 lot acres
    Off-Market
    Last Sale Nov 28, 2022
    $425,000
    Property ID
    US05-0339195
    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

    • Crestview Psychological Testing & Counseling Center / Counselor

    Property Details for 3061 Wagon Wheel Rd

    Construction
    FRAME
    Lot size
    0.99 lot acres
    Property type
    Office buildings
    APN
    21-00171-003
    APU
    2100171003

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 28, 2022 $425,000 Psychological Testing & Counseling 1329 LLC Warranty Deed $325k · Arvest Bank
    Jan 12, 2021 — 1329 LLC — Deed · related $180k · First Western Bank
    Feb 21, 2020 — 1329 LLC — Deed · related $252k · First Western Bank
    Oct 22, 2019 — 1329 LLC Pinnacle Roofing & Solar LLC Warranty Deed · related —
    Mar 5, 2019 — Daniel E Walters Walters,daniel E Quit Claim Deed · related —
    — — 1329 LLC — Deed Of Trust · related $252k · First Wstrn Bk

    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
    Benton
    State
    Arkansas
    Longitude
    -94.1626
    Latitude
    36.2254
    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
    $3,241
    $26,330
    $34,470
    $60,800
    -
    $131,650
    $172,350
    $304,000

    Comparable in this City

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      $515,000
      4,480 SF

      1200 Henryetta St

      OFFICE BUILDING
      1200 Henryetta St, Springdale, AR 72762-6159
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    • Value Estimation
      $3,895,000
      17,200 SF

      246 Maestri Rd

      OFFICE BUILDING
      246 Maestri Rd, Tontitown, AR 72762-9703
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      1210 Dyer St

      OFFICE BUILDING
      1210 Dyer St, Springdale, AR 72762-6116
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      5,250 SF

      5479 Hailey

      OFFICE BUILDING
      5479 Hailey, Springdale, AR 72762-7463
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    • Value Estimation
      $1,310,000
      5,626 SF

      1161 Henri De Tonti Blvd

      OFFICE BUILDING
      1161 Henri De Tonti Blvd, Tontitown, AR 72762-9673
      View Details
    • Value Estimation by Request
      2,091 SF

      1801 Huntsville Ave

      OFFICE BUILDING
      1801 Huntsville Ave, Springdale, AR 72762-3022
      View Details

    Similar Nearby for Sale

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      2.66 Acres

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      Turnkey office building with development potential near planned district.
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      View Details
    • $8,000,000
      37.76 Acres

      Prime Development Property in Tontitown

      37.76 acres of prime development land in Tontitown.
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    • $1,200,000
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      Turnkey Office on Large Lot

      Office building on 2.66 acres near planned development.
      5515 Carley Rd, Springdale, AR 72762
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      4,320 SF

      Well-Located Office Building For Sale

      Office building with flexible owner financing and tenant occupancy.
      2988 W Huntsville Ave, Springdale, AR 72762
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      3,240 SF

      Commercial Land in Growing Area

      3.02 acres of commercial land in a rapidly growing area.
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      New Construction Retail/Office/Medical Opportunity

      New construction retail, office, or medical space with drive-thru potential.
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    Similar Nearby for Lease

    • $32 SF/Yr
      37,374 SF

      Class A Office Space Leasing

      Class A office space for lease in Springdale, Arkansas.
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      View Details
    • $14 SF/Yr
      2,091 SF

      Springdale Office Space For Rent

      Professional office space in Springdale with high visibility.
      1801 W Huntsville Ave, Springdale, AR 72762
      View Details
    • $7,500 /Mo
      3,800 SF

      Versatile Building Near Elm Springs

      3,800 SF building suitable for office, restaurant, or retail.
      5776 Elm Springs Rd, Springdale, AR 72762
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    • $25 SF/Yr

      Turn-Key Bank Space with Drive-Thru

      Class A office/bank space with drive-thru, easy I-49 access.
      4100 Corporate Center Dr, Springdale, AR 72762
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    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease at Corporate Center Drive.
      4100 Corporate Center Dr, Springdale, AR 72762
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    • $24 SF/Yr
      2,000 SF

      Springdale Office/Retail Space Available

      Prime 2,000 SF office/retail space in Springdale, AR.
      7321 Sunset Ave, Springdale, AR 72762
      View Details
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    Springdale, AR 72762-0114
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    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.

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    3061 Wagon Wheel Rd, Springdale, AR, 72762
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