Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Whitehead Dr Magnolia, AR 71753-4152

    • Auto shops
    • 4,240 SF
    • 1.11 lot acres
    OFF-MARKET
    Last Sale
    Sep 03, 2020
    $80,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2202008
    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.

    Current Use by Public Records

    • A-1 ATV Repairs / Atv Repair Shop

    Property Details for 308 Whitehead Dr

    Lot size
    1.11 lot acres
    Property size
    4,240 SF
    Property type
    Auto shops
    APN
    01-00786-00000
    APU
    10078600000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Magnolia
    County
    Columbia
    State
    Arkansas
    Longitude
    -93.237
    Latitude
    33.2552
    CBSA code
    31620
    CBSA name
    MAGNOLIA, 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
    $622
    $3,094
    $12,611
    $15,705
    -
    $15,470
    $63,055
    $78,525

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      1716 Washington

      AUTO REPAIR, GARAGE • 3,000 SF
      1716 Washington, Magnolia, AR 71753-2060
      View Details
    • Value Estimation by Request
      1,560 SF

      996 Washington

      AUTO REPAIR, GARAGE • 1,560 SF
      996 Washington, Magnolia, AR 71753
      View Details
    • Value Estimation by Request
      2,220 SF

      718 Vine

      AUTO REPAIR, GARAGE • 2,220 SF
      718 Vine, Magnolia, AR 71753-2426
      View Details
    • Value Estimation by Request
      5,144 SF

      1571 Hwy 79th N

      AUTO REPAIR, GARAGE • 5,144 SF
      1571 Hwy 79th N, Magnolia, AR 71753
      View Details
    • Value Estimation by Request
      1,920 SF

      112 Columbia

      AUTO REPAIR, GARAGE • 1,920 SF
      112 Columbia, Magnolia, AR 71753-2436
      View Details
    • Value Estimation by Request
      3,966 SF

      363 El Dorado Rd

      AUTO REPAIR, GARAGE • 3,966 SF
      363 El Dorado Rd, Magnolia, AR 71753-8451
      View Details

    Similar Nearby for Sale

    • $150,000
      4,500 SF

      Commercial Building on East Main

      Commercial building for sale on East Main Street.
      1519 East Main St, Magnolia, AR 71753
      View Details
    • $84,000
      1,032 SF

      Magnolia Commercial Building with Drive-Through

      Commercial building with drive-through, ample parking, and updated features.
      617 S Jackson, Magnolia, AR 71753
      View Details
    • $110,000
      4,446 SF

      Magnolia Commercial Building For Sale

      Commercial building with retail and warehouse space in Magnolia, Arkansas.
      525 West Calhoun St, Magnolia, AR 71753
      View Details
    • Contact for pricing
      107,407 SF

      Retail Center in Magnolia, Arkansas

      Retail property with grocery and other major tenants.
      1629 East Main St, Magnolia, AR 71753
      View Details
    • $89,900
      5,200 SF

      Historic Landmark in Magnolia, AR

      Unique investment: historic building with potential for various uses.
      200 W Calhoun, Magnolia, AR 71753
      View Details
    • $165,000
      1.55 Acres

      Magnolia, AR Land For Sale

      1.55 acre lot zoned for professional offices.
      Magnolia, AR 71753
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,538 SF

      Magnolia Retail Space - Main Street

      Prime Magnolia location, drive-thru, 2,538 sq ft.
      1401 Main St, Magnolia, AR 71753
      View Details
    • $800 /Mo
      2,336 SF

      Prime Magnolia Square Commercial Space

      Commercial space for rent in a high-traffic Magnolia location.
      105 South Jefferson, Magnolia, AR 71753
      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.
    308 Whitehead Dr
    Magnolia, AR 71753-4152
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.