Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    315 3rd St Hope, AR 71801-5309

    • Turn key restaurants
    • 1,964 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-1934722
    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

    • Chilambalam / Mexican Restaurant

    Property Details for 315 3rd St

    Year built
    1965
    Lot size
    0.21 lot acres
    Property size
    1,964 SF
    Property type
    Turn key restaurants
    APN
    700-00298-000-C
    APU
    70000298000C

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.5885
    Latitude
    33.6674
    CBSA code
    26260
    CBSA name
    HOPE, 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
    2023
    $363
    $1,890
    $5,420
    $7,310
    -
    $9,450
    $27,100
    $36,550

    Comparable in this City

    • Value Estimation
      $465,000
      1,800 SF

      817 Hervey St

      RESTAURANT • 1,800 SF
      817 Hervey St, Hope, AR 71801-2611
      View Details
    • Value Estimation
      $660,000
      33,143 SF

      2000 Holiday Dr

      RESTAURANT • 33,143 SF
      2000 Holiday Dr, Hope, AR 71801-2509
      View Details
    • Value Estimation by Request
      17,948 SF

      306 Ferguson St

      RESTAURANT • 17,948 SF
      306 Ferguson St, Hope, AR 71801-3341
      View Details
    • Value Estimation
      $495,000
      3,736 SF

      905 Commerce

      RESTAURANT • 3,736 SF
      905 Commerce, Hope, AR 71801-2530
      View Details
    • Value Estimation
      $385,000
      3,424 SF

      603 Commerce

      RESTAURANT • 3,424 SF
      603 Commerce, Hope, AR 71801-2527
      View Details
    • Value Estimation
      $255,000
      3,914 SF

      1300 Hervey St

      RESTAURANT • 3,914 SF
      1300 Hervey St, Hope, AR 71801-2515
      View Details

    Similar Nearby for Sale

    • $70,000
      2,100 SF

      Hope, AR Commercial Building/Land

      2,100 SF commercial building on 0.334 acres in Hope, AR.
      612 Spg Lk Rd, Hope, AR 71801
      View Details
    • $150,000
      2,474 SF

      Hope, AR Retail Investment Opportunity

      Prime location, vacant retail space. High-return potential.
      1321 Main St, Hope, AR 71801
      View Details
    • $1,250,000
      4,684 SF

      Hope, AR Restaurant - Prime Location

      Successful Mexican Restaurant, High-Traffic Area
      2406 Hervey St, Hope, AR 71801
      View Details
    • $2,200,000
      2,905 SF

      Shell Convenience Store For Sale

      2,905 SF Shell station in high-traffic Hope, Arkansas.
      2112 N Hazel St, Hope, AR 71801
      View Details
    • $225,800
      3,050 SF

      Hope, AR Mixed-Use Investment

      High-cash-flow duplex, prime location.
      1600 Elm St, Hope, AR 71801
      View Details
    • $275,000
      3,000 SF

      Hope, AR Car Wash Property

      Car wash with building on 1.25 acres for sale.
      1308 &1309 Pne Park Dr, Hope, AR 71801
      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.
    315 3rd St
    Hope, AR 71801-5309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    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.