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    324 N Bloomington St Lowell, AR 72745
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    Property profile & analytics

    324 N Bloomington St Lowell, AR 72745

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    • Office buildings
    • 20,320 SF
    • 9.15 lot acres
    For Lease
    $1.00 SF/Yr
    View Listing →
    Lowell Retail Space For Lease For Lease
    $1.00 SF/Yr
    931 SF

    Lowell Retail Space For Lease

    Versatile commercial space in high-traffic Lowell business strip center.

    324 N Bloomington, Lowell, AR 72745
    View Listing
    Property ID
    US05-0361467
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bruckner's Body Shop / Auto Repair Shop
    • Securitas Security Servies U.S.A., Inc / Security Service
    • Hino of Lowell / Car Dealership
    • Bruckner's Truck & Equipment / Car Dealership

    Property Details for 324 N Bloomington St

    Lot size
    9.15 lot acres
    Property size
    20,320 SF
    Property type
    Office buildings
    APN
    12-00238-000
    APU
    1200238000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,634,000
      Market price range: $1.87M - $4.81M
      AI Estimate
      $1,732,000
      Market price range: $468k - $2.58M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,240,000
      Current use
      COMMERCIAL (GENERAL)
      $4,155,000
      Change: +28% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,075,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,645,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowell
    County
    Benton
    State
    Arkansas
    Longitude
    -94.138
    Latitude
    36.2496
    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
    $21,549
    $129,780
    $275,280
    $405,060
    -
    $648,900
    $1,376,400
    $2,025,300

    Comparable in this City

    • Value Estimation
      $1,610,000
      9,720 SF

      507 Monroe Ave

      OFFICE BUILDING • 9,720 SF
      507 Monroe Ave, Lowell, AR 72745-8909
      View Details
    • Value Estimation
      $1,300,000
      9,871 SF

      223 Monroe Ave

      OFFICE BUILDING • 9,871 SF
      223 Monroe Ave, Lowell, AR 72745-9603
      View Details
    • Value Estimation
      $2,350,000
      10,100 SF

      212 Presidential Dr

      OFFICE BUILDING • 10,100 SF
      212 Presidential Dr, Lowell, AR 72745-9615
      View Details
    • Value Estimation by Request
      1,680 SF

      313 Bloomington St

      OFFICE BUILDING • 1,680 SF
      313 Bloomington St, Lowell, AR 72745-9136
      View Details
    • Value Estimation
      $535,000
      2,880 SF

      410 Bloomington St

      OFFICE BUILDING • 2,880 SF
      410 Bloomington St, Lowell, AR 72745-9713
      View Details
    • Value Estimation
      $585,000
      4,000 SF

      1020 Bloomington St

      OFFICE BUILDING • 4,000 SF
      1020 Bloomington St, Lowell, AR 72745-9671
      View Details

    Similar Nearby for Sale

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    • $999,999
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      Prime Commercial Property on Hwy

      Commercial property with high visibility and easy access.
      926 N Bloomington St, Lowell, AR 72745
      View Details
    • $1,690,000
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      Lowell Office Complex: Prime Investment

      High-traffic, fully leased office buildings.
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      Lowell Industrial Building For Sale

      Industrial building in Lowell, Arkansas, available for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Office Buildings in Lowell, Arkansas

      Office buildings for rent in Lowell, Arkansas.
      S Goad Spring Rd, Lowell, AR 72745
      View Details
    • $26 SF/Yr
      5,325 SF

      Move-in-Ready Medical Office Building

      Turnkey medical office space in Lowell, high-visibility location.
      507 W Monroe Ave, Lowell, AR 72745
      View Details
    • $19 SF/Yr
      6,000 SF

      Lowell Office Space For Rent

      Open office space with balcony overlooking Puppy Creek.
      201 Presidential Dr, Lowell, AR 72745
      View Details
    • $26 SF/Yr
      6,600 SF

      Move-in Ready Medical Office Building

      Turnkey medical office space in Lowell, high-visibility location.
      507 W Monroe Ave, Lowell, AR 72745
      View Details
    • $29 SF/Yr
      1,275 SF

      Move-in-Ready Medical Office Building

      Turnkey medical office space in a high-visibility Lowell location.
      507 W Monroe Ave, Lowell, AR 72745
      View Details
    • $13 SF/Yr
      10,716 SF

      Lowell, Arkansas Industrial Building

      Industrial building for lease with easy access to Interstate 49.
      212 Presidential Dr, Lowell, AR 72745
      View Details
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    Lowell, AR 72745
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    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.

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