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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Office buildings
3068 Thompson St Springdale, AR 72764-8025
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0393937
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
13,008 SF
Lot
6.28 ac (273,557 SF)
APN
21-00237-002
UPID
US05-0393937
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Mister Sparky - Fayetteville Electrician Company General Contractor
-
Benjamin Franklin Plumbing Springdale Plumbing Service General Contractor
-
Kryger Glass General Contractor Renovation Specialist
-
Mister Sparky Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.09M
CAP Approach
CAP
$3.32M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.19M
Owner & transaction history
Yang Real Estate Investments LLC · 4 yrs held
Yang Real Estate Investments LLC
since 2022
Last sale
$3.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.6M
+122.6%
Apartment house (5+ units)
$4.3M
+111.2%
Medical building
$3.6M
+72.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Springdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Springdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,355,000
ML approach
$3,085,000
CAP Approach
CAP Return
Estimation
6%
$3,590,000
6.5%
$3,315,000
7%
$3,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,060,000
Current use
RESTAURANT
$4,580,000
Change: +123% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,345,000
Change: +111% · Conversion: Easy
MEDICAL BUILDING
$3,555,000
Change: +73% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,660,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,610,000
Change: +27% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,335,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±10% · vs last sale $3.20M (Apr 6 2022)
Last sale anchor
$3.20M
Apr 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$245 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$38,985
Tax year 2023
Assessed value
$731,430
Assessed 2023
Previous assessed
$731,430
+0.0% YoY
Effective rate
5.33%
On assessed value
Assessed land
$55,670
Assessed improvement
$675,760
Land market value
$278,350
Improvement market value
$3,378,800
Total market value
$3,657,150
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
13,008 SF
Lot
6.28 ac (273,557 SF)
APN
21-00237-002
UPID
US05-0393937
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.1M
RESTAURANT
Est. value
$4.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
6.28 ac
Current owner
From public records · entity-resolved
Yang Real Estate Investments LLC
Entity
Mailing address
6187 LK AVE, ELYRIA, OH 44035-1019
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$2,300,000
Yang Real Estate Investments LLC
Jeremiah 2911 Family LP Lllp
Warranty Deed
$3,200,000 · Arvest Bank
Nov 25, 2020
—
Marks,bobby G & Doris G Trust
Jeremiah 2911 Family LP Lllp
Quit Claim Deed
related
—
Aug 31, 2010
—
Jeremiah 2911 Family LP Lllp
—
Deed Of Trust
related
$1,724,404 · Legacy National Bank
Sep 17, 2009
—
Jeremiah 2911 Family LP Lllp
—
Trustees Deed
related
$2,000,000 · Legacy National Bank
Aug 5, 2009
—
Jeremiah 2911 Family LP Lllp
—
Trustees Deed
related
$2,000,000 · Legacy National Bank
Jul 23, 2007
—
Jeremiah 2911 Family LP Lllp
—
Trustees Deed
related
$875,000 · Legacy National Bank
—
—
Jeremiah 2911 Family LP Lllp
—
Loan Modification
related
$1,724,404 · Legacy National Bank
—
—
Jeremiah 2911 Family LP Lllp
—
Loan Modification
related
$1,724,404 · Legacy Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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