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    3323 Wagon Wheel Rd Springdale, AR 72762-0106
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    Property profile & analytics

    3323 Wagon Wheel Rd, Springdale, AR 72762-0106

    View on Map
    • Office buildings
    • 2,676 SF
    • 2.00 lot acres
    Off-Market
    Last Sale Nov 27, 2024
    $650,000
    Property ID
    US05-0030653
    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
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Riggin's Construction / Construction Company

    Property Details for 3323 Wagon Wheel Rd

    Lot size
    2.00 lot acres
    Property type
    Office buildings
    APN
    21-00171-081
    APU
    2100171081

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 27, 2024 $650,000 El Dorado Missionary Baptist Church Venture Properties Of Nwa LLC Warranty Deed $426k · Smackover State Bank
    Jul 31, 2018 — Nwa LLC Montez Daniel A Trust Quit Claim Deed · related —
    Oct 25, 2016 — Montez,daniel A Trust Montez,daniel A JR Quit Claim Deed · related —
    Aug 29, 2016 — Daniel A Montez JR Trujillo,consuela A Quit Claim Deed · related —
    Mar 2, 2015 — Daniel A Montez JR Consuela A Gonzales Intrafamily Transfer · related —
    Sep 2, 2014 — Venture Properties Of Nwa LLC Moutez,daniel JR Grant Deed · related $371k · Chambers Bk
    May 25, 2006 $500,000 Daniel Montez JR. Riggins Land & Cattle LLC Warranty Deed $400k · Regions Bank
    — — Riggins Land & Cattle LLC — Deed Of Trust · related $315k · Bank Of Arkansas
    — — Daniel Montez — Loan Modification · related $400k · Regions Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $680,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $515,000
      Market price range: $228k - $557k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $425,000
      Current use
      MEDICAL BUILDING
      $730,000
      Change: +73% Conversion: Easy
      COMMERCIAL (GENERAL)
      $545,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $535,000
      Change: +27% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $480,000
      Change: +13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Springdale
    County
    Benton
    State
    Arkansas
    Longitude
    -94.166
    Latitude
    36.2249
    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
    $6,271
    $49,640
    $68,010
    $117,650
    -
    $248,200
    $340,050
    $588,250

    Comparable in this City

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      OFFICE BUILDING
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      1,920 SF

      1909 Huntsville Ave

      OFFICE BUILDING
      1909 Huntsville Ave, Springdale, AR 72762-3024
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    • Value Estimation
      $640,000
      5,566 SF

      199 Bandini Ave

      OFFICE BUILDING
      199 Bandini Ave, Tontitown, AR 72762-9728
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    • Value Estimation by Request
      9,894 SF

      6800 Isaacs Orch Rd

      OFFICE BUILDING
      6800 Isaacs Orch Rd, Springdale, AR 72762-6096
      View Details
    • Value Estimation
      $875,000
      6,448 SF

      6879 Isaacs Orch Rd

      OFFICE BUILDING
      6879 Isaacs Orch Rd, Springdale, AR 72762-6096
      View Details
    • Value Estimation by Request
      2,341 SF

      1105 Century St

      OFFICE BUILDING
      1105 Century St, Springdale, AR 72762-4927
      View Details

    Similar Nearby for Sale

    • $1,200,000
      2.66 Acres

      Turnkey Office on 2.66 Acres

      Turnkey office building with development potential near planned district.
      5515 Carley Rd, Springdale, AR 72762
      View Details
    • $8,000,000
      37.76 Acres

      Prime Development Property in Tontitown

      37.76 acres of prime development land in Tontitown.
      1224 Maestri Rd, Tontitown, AR 72762
      View Details
    • $1,200,000
      2.66 Acres

      Turnkey Office on Large Lot

      Office building on 2.66 acres near planned development.
      5515 Carley Rd, Springdale, AR 72762
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    • Contact for pricing
      4,320 SF

      Well-Located Office Building For Sale

      Office building with flexible owner financing and tenant occupancy.
      2988 W Huntsville Ave, Springdale, AR 72762
      View Details
    • Contact for pricing
      3,240 SF

      Commercial Land in Growing Area

      3.02 acres of commercial land in a rapidly growing area.
      5461 Elm Springs Rd, Springdale, AR 72762
      View Details
    • Contact for pricing
      7,860 SF

      New Construction Retail/Office/Medical Opportunity

      New construction retail, office, or medical space with drive-thru potential.
      845 White Rd, Springdale, AR 72762
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    Similar Nearby for Lease

    • $32 SF/Yr
      37,374 SF

      Class A Office Space Leasing

      Class A office space for lease in Springdale, Arkansas.
      Parkway Cir, Springdale, AR 72762
      View Details
    • $14 SF/Yr
      2,091 SF

      Springdale Office Space For Rent

      Professional office space in Springdale with high visibility.
      1801 W Huntsville Ave, Springdale, AR 72762
      View Details
    • $7,500 /Mo
      3,800 SF

      Versatile Building Near Elm Springs

      3,800 SF building suitable for office, restaurant, or retail.
      5776 Elm Springs Rd, Springdale, AR 72762
      View Details
    • Contact for pricing
      2,650 SF

      Springdale Office Space For Rent

      Office space available for lease in Springdale, Arkansas.
      3293 W Sunset Ave, Springdale, AR 72762
      View Details
    • $18 SF/Yr
      15,120 SF

      Tontitown Flex Space For Lease

      New flex spaces suitable for office, showroom, or light industrial.
      296 S Barrington Rd, Tontitown, AR 72762
      View Details
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    3323 Wagon Wheel Rd
    Springdale, AR 72762-0106
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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.

    More about this property
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    3323 Wagon Wheel Rd, Springdale, AR, 72762
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