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    3068 Thompson St Springdale, AR 72764-8025
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    Property profile & analytics

    3068 Thompson St, Springdale, AR 72764-8025

    View on Map
    • Office buildings
    • 13,008 SF
    • 6.28 lot acres
    Off-Market
    Last Sale Apr 6, 2022
    $3,200,000
    Property ID
    US05-0393937
    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
    $3,190,000
    Show details
    Cap Rate Potential
    6.4%
    Office buildings
    Location Intelligence

    Current Use by 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

    Property Details for 3068 Thompson St

    Lot size
    6.28 lot acres
    Property type
    Office buildings
    APN
    21-00237-002
    APU
    2100237002

    Sales History

    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 $3.2M · 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 $1.7M · Legacy National Bank
    Sep 17, 2009 — Jeremiah 2911 Family LP Lllp — Trustees Deed · related $2M · Legacy National Bank
    Aug 5, 2009 — Jeremiah 2911 Family LP Lllp — Trustees Deed · related $2M · Legacy National Bank
    Jul 23, 2007 — Jeremiah 2911 Family LP Lllp — Trustees Deed · related $875k · Legacy National Bank
    — — Jeremiah 2911 Family LP Lllp — Loan Modification · related $1.7M · Legacy National Bank
    — — Jeremiah 2911 Family LP Lllp — Loan Modification · related $1.7M · Legacy Nat'l Bk

    Value 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

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,004,000
      Market price range: $1.10M - $3.00M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1409
    Latitude
    36.2118
    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
    $38,985
    $55,670
    $675,760
    $731,430
    -
    $278,350
    $3,378,800
    $3,657,150

    Comparable in this City

    • Value Estimation by Request
      1,410 SF

      4470 Thompson St

      OFFICE BUILDING
      4470 Thompson St, Springdale, AR 72764-8053
      View Details
    • Value Estimation by Request
      2,880 SF

      1556 Emma Ave, Unit A

      OFFICE BUILDING
      1556 Emma Ave, Springdale, AR 72764-3611
      View Details
    • Value Estimation
      $815,000
      6,712 SF

      5200 Thompson St

      OFFICE BUILDING
      5200 Thompson St, Springdale, AR 72764-2559
      View Details
    • Value Estimation by Request
      1,144 SF

      1205 Young St, Unit B

      OFFICE BUILDING
      1205 Young St, Springdale, AR 72764-6306
      View Details
    • Value Estimation by Request
      1,676 SF

      126 Shiloh St

      OFFICE BUILDING
      126 Shiloh St, Springdale, AR 72764-4337
      View Details
    • Value Estimation by Request
      1,292 SF

      2172 Thompson St

      OFFICE BUILDING
      2172 Thompson St, Springdale, AR 72764-1703
      View Details

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    • Contact for pricing
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      Three-building professional complex with ample parking and road frontage.
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      Professional Complex on 3.46 Acres

      Three-building professional complex with ample parking and road frontage.
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      996 SF

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      Updated Office Space Available

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    • Contact for pricing
      Pending

      Springdale Office/Retail Space For Sale

      Office/retail space in Springdale, near Emma Avenue.
      709 W Meadow Ave, Springdale, AR 72764
      View Details

    Similar Nearby for Lease

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      Springdale Commercial Spaces For Lease

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    • $20 SF/Yr
      1,500 SF

      Springdale Commercial Spaces For Lease

      Newly constructed commercial spaces ideal for retail, office, restaurant, medical.
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    • Contact for pricing
      2,416 SF

      Fenced Storage with Office Space

      Office space with fenced gravel storage, near upcoming bypass.
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      View Details
    • Contact for pricing
      1,500 SF

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      1500 SF office space for rent in Springdale.
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      View Details
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    3068 Thompson St
    Springdale, AR 72764-8025
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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.

    More about this property
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