Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3214 Race Ave Searcy, AR 72143-4810
    Back to Search
    Property profile & analytics

    3214 Race Ave Searcy, AR 72143-4810

    View on Map
    • Office buildings
    • 12,079 SF
    • 20.03 lot acres
    Off-Market
    Property ID
    US05-1558021
    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
    $895,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Brent M. Blakely, MD / Physician
    • Lendermon Russell D MD / Physician
    • New Vision at Unity Health White County Medical Center / Medical Clinic
    • Matthew Martin Parker / Physician
    • Raul Ramirez / Physician

    Property Details for 3214 Race Ave

    Lot size
    20.03 lot acres
    Property size
    12,079 SF
    Property type
    Office buildings
    APN
    016-09958-002
    APU
    1609958002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $898,000
      Market price range: $564k - $1.29M
      AI Estimate
      $895,000
      Market price range: $468k - $1.33M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $900,000
      Current use
      RETAIL STORES
      $955,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.6966
    Latitude
    35.2519
    CBSA code
    42620
    CBSA name
    SEARCY, 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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,260 SF

      918 Race Ave

      OFFICE BUILDING • 1,260 SF
      918 Race Ave, Searcy, AR 72143-4617
      View Details
    • Value Estimation by Request
      4,400 SF

      810 Remington St

      OFFICE BUILDING • 4,400 SF
      810 Remington St, Searcy, AR 72143-6826
      View Details
    • Value Estimation by Request
      3,154 SF

      8 Searcy Municipal Airport

      OFFICE BUILDING • 3,154 SF
      8 Searcy Municipal Airport, Searcy, AR 72143-8013
      View Details
    • Value Estimation by Request
      2,227 SF

      202 Spg St

      OFFICE BUILDING • 2,227 SF
      202 Spg St, Searcy, AR 72143-7715
      View Details
    • Value Estimation by Request
      2,501 SF

      313 Wisconsin St

      OFFICE BUILDING • 2,501 SF
      313 Wisconsin St, Searcy, AR 72143-4757
      View Details
    • Value Estimation by Request
      1,517 SF

      2075 Hwy 16

      OFFICE BUILDING • 1,517 SF
      2075 Hwy 16, Searcy, AR 72143-8601
      View Details

    Similar Nearby for Sale

    • $850,000
      16,445 SF

      Highway Frontage Commercial Investment Opportunity

      16,000 sq ft commercial building with showroom and living quarters.
      3369 36 Hwy, Searcy, AR 72143
      View Details
    • New
      $750,000
      2,550 SF

      Searcy Commercial Property with Fenced Lot

      Commercial property with office, shop, and fenced 2.07-acre lot.
      2008 S Benton St, Searcy, AR 72143
      View Details
    • $280,000
      3,746 SF

      Downtown Searcy Building and Land

      Building in the heart of downtown Searcy, Arkansas.
      311 N Spruce St, Searcy, AR 72143
      View Details
    • Contact for pricing
      5,349 SF

      Prime Commercial Property in Searcy

      Versatile commercial space in a high-traffic Searcy location.
      3000 E Race Ave, Searcy, AR 72143
      View Details
    • Contact for pricing

      Highway 67 Frontage Office/Retail Suite

      800 SF suite suitable for retail, medical, or office.
      403 S Poplar St, Searcy, AR 72143
      View Details
    • Contact for pricing
      10,000 SF

      Move-in Ready Searcy Office Space

      3,450 sq ft office space in prime Searcy location.
      1507 E Race Ave, Searcy, AR 72143
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Large Commercial Shop

      Large Industrial/Commercial Shop for Lease (Right off interstate)
      2100 E Booth Rd, Searcy, AR 72143
      View Details
    • Contact for pricing

      Premier Retail Space in Searcy

      High-visibility end cap space in established retail center.
      3512 E Race Ave, Searcy, AR 72143
      View Details
    • $1,408 /Mo
      1,300 SF

      Searcy Retail/Office Space Available

      1300 SF retail or business space for lease.
      1909 West Beebe Capps Expwy Expy, Searcy, AR 72143
      View Details
    • Contact for pricing
      15,000 SF

      Retail/Restaurant Space For Lease

      Retail and restaurant spaces available for lease with C-3 zoning.
      W Beebe Capps Expy, Searcy, AR 72143
      View Details
    • Contact for pricing

      Versatile Office Suite For Lease

      Spacious office suite with premium amenities in a prime location.
      1602 E Booth Rd, Searcy, AR 72143
      View Details
    • Contact for pricing
      34,724 SF

      Retail Center on E. Race

      Retail leasing and development opportunities on E. Race St., Searcy.
      2706-2710 E Race Ave, Searcy, AR 72143
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      1.9k
    • Avg Time on site
      378 min
    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.
    3214 Race Ave
    Searcy, AR 72143-4810
    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

    Thank You for Inquiry
    3214 Race Ave, Searcy, AR, 72143
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!