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    Property profile & analytics

    318 Hwy 71st S Mena, AR 71953-4640

    • Outlet malls
    • 14,400 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US05-2079426
    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

    • Outlet malls

    Property Details for 318 Hwy 71st S

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.52 lot acres
    Property size
    14,400 SF
    Property type
    Outlet malls
    APN
    6000-00522-0000
    APU
    6000005220000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $450,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $445,000
      Mixed-Use
      $405,000
      Hospitality
      $430,000
      Educational
      $420,000
      Residential Income
      $450,000
      Energy
      $405,000
      Income-Based Land
      $465,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.2339
    Latitude
    34.5836

    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
    $2,165
    $10,890
    $39,920
    $50,810
    -
    $54,450
    $199,600
    $254,050

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      2415 Hwy 71st S

      WHOLESALE OUTLET, DISCOUNT STORE • 4,000 SF
      2415 Hwy 71st S, Mena, AR 71953-8299
      View Details
    • Value Estimation
      $220,000
      15,265 SF

      1142 Hwy 71st S

      WHOLESALE OUTLET, DISCOUNT STORE • 15,265 SF
      1142 Hwy 71st S, Mena, AR 71953-8078
      View Details
    • Value Estimation
      $400,000
      7,000 SF

      402 Hwy 71st S

      WHOLESALE OUTLET, DISCOUNT STORE • 7,000 SF
      402 Hwy 71st S, Mena, AR 71953-4602
      View Details
    • Value Estimation by Request
      540 SF

      2300 Hwy 71st S

      WHOLESALE OUTLET, DISCOUNT STORE • 540 SF
      2300 Hwy 71st S, Mena, AR 71953-8298
      View Details
    • Value Estimation
      $230,000
      13,450 SF

      1167 Hwy 71st S

      WHOLESALE OUTLET, DISCOUNT STORE • 13,450 SF
      1167 Hwy 71st S, Mena, AR 71953-4754
      View Details
    • Value Estimation
      $115,000
      7,200 SF

      1311 Hwy 71st N

      WHOLESALE OUTLET, DISCOUNT STORE • 7,200 SF
      1311 Hwy 71st N, Mena, AR 71953-8447
      View Details

    Similar Nearby for Sale

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      Storage and Retail Investment Opportunity

      Mixed-use property featuring storage units and a retail strip mall.
      2415 Highway 71 South, Mena, AR 71953
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    • $693,000
      1,920 SF

      Mena Commercial Building and Land

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    • $729,000
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      Retail Building and Land For Sale

      Retail building on Hwy 71 with excellent parking.
      204 Highway 71, Mena, AR 71953
      View Details
    • $825,000
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      Mena, AR Tap Room Restaurant

      Popular tap room and restaurant in Mena, Arkansas for sale.
      821 Mena St, Mena, AR 71953
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    • $189,000
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      Vacant Metal Building in Mena

      Vacant metal building with office, shop, and waiting area.
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      View Details
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    318 Hwy 71st S
    Mena, AR 71953-4640
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    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
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