Add Listing
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

    319 Monroe Ave Lowell, AR 72745-9675

    • Retail space
    • 1,326 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0338253
    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

    • Merry Maids of Lowell / Hardware & Home Improvement

    Property Details for 319 Monroe Ave

    Lot size
    0.34 lot acres
    Property size
    1,326 SF
    Property type
    Retail space
    APN
    12-00233-000
    APU
    1200233000

    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
    Lowell
    County
    Benton
    State
    Arkansas
    Longitude
    -94.1438
    Latitude
    36.254
    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
    $1,233
    $14,470
    $8,710
    $23,180
    -
    $72,350
    $43,550
    $115,900

    Comparable in this City

    • Value Estimation by Request
      2,120 SF

      926 Bloomington St

      RETAIL STORES (PERSONAL SERVICES) • 2,120 SF
      926 Bloomington St, Lowell, AR 72745-9672
      View Details
    • Value Estimation
      $1,755,000
      1,343 SF

      105 Bloomington St

      RETAIL STORES (PERSONAL SERVICES) • 1,343 SF
      105 Bloomington St, Lowell, AR 72745-9658
      View Details
    • Value Estimation
      $1,295,000
      13,918 SF

      317 Commercial Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,918 SF
      317 Commercial Ave, Lowell, AR 72745-8881
      View Details
    • Value Estimation
      $565,000
      10,330 SF

      1005 Bloomington St

      RETAIL STORES (PERSONAL SERVICES) • 10,330 SF
      1005 Bloomington St, Lowell, AR 72745-9671
      View Details
    • Value Estimation
      $1,220,000
      28,400 SF

      418 Bloomington St

      RETAIL STORES (PERSONAL SERVICES) • 28,400 SF
      418 Bloomington St, Lowell, AR 72745-9713
      View Details
    • Value Estimation
      $1,825,000
      34,800 SF

      701 Bloomington St

      RETAIL STORES (PERSONAL SERVICES) • 34,800 SF
      701 Bloomington St, Lowell, AR 72745-9106
      View Details

    Similar Nearby for Sale

    • $120,000
      0.33 Acres

      Lowell Commercial Property on Dixieland

      Commercial property suitable for drive-thru business with high traffic volume.
      333 N Dixieland Rd, Lowell, AR 72745
      View Details
    • Contact for pricing
      8,050 SF

      Prime Retail Opportunity in Lowell

      Retail and warehouse space with high visibility and easy access.
      329 Bloomington St, Lowell, AR 72745
      View Details
    • Contact for pricing
      10,550 SF

      Retail Space in Lowell, AR

      Retail space for lease with road frontage in Lowell, AR.
      1005 Bloomington St, Lowell, AR 72745
      View Details
    • Contact for pricing
      2,667 SF

      Retail Space in Lowell Plaza

      2667 SF commercial space in high-traffic Lowell Plaza.
      326 N Bloomington St, Lowell, AR 72745
      View Details
    • $2,500,000
      11,920 SF

      Versatile Commercial Building in Lowell

      12,000 sq ft commercial building suitable for retail, office, mixed-use.
      120 Commercial Ave, Lowell, AR 72745
      View Details
    • $1,499,000
      2,248 SF

      Lowell Commercial Opportunity on 2.79 Acres

      2.79 acres zoned C-2 Thoroughfare Commercial in Lowell, Arkansas.
      818 S Old Wire Rd, Lowell, AR 72745
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Warehouse Space Available

      Retail/warehouse space with high visibility and traffic count.
      329 S Bloomington St, Lowell, AR 72745
      View Details
    • $14 SF/Yr

      Renovated Mixed-Use Building For Rent

      5,000 SF renovated building with retail, office, and warehouse space.
      216 N Bloomington St, Lowell, AR 72745
      View Details
    • $15 SF/Yr
      7,500 SF

      Bloomington Flex Space Available

      Modern flex space, 2,535-7,500 SF. Prime location.
      329 Bloomington St, Lowell, AR 72745
      View Details
    • $6 SF/Yr
      88,400 SF

      Lowell Warehouse with Office Space

      88,400 SF warehouse with office and storage space available.
      419 S Lincoln St, Lowell, AR 72745
      View Details
    • $19 SF/Yr
      48,000 SF

      620 Bloomington St

      Distribution centers • 48,000 SF
      620 Bloomington St, Lowell, AR 72745
      View Details
    • $10 SF/Yr
      11,520 SF

      Lowell Warehouse with Dock Doors

      11,520 SF warehouse featuring multiple dock doors.
      203 Jane Pl, Lowell, AR 72745
      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.
    319 Monroe Ave
    Lowell, AR 72745-9675
    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.
    Sign Up Successful!
    You now have access to more from Realmo!