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    340 Shamrock Blvd Russellville, AR 72802-8469
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    Property profile & analytics

    340 Shamrock Blvd Russellville, AR 72802-8469

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    • Office buildings
    • 30,518 SF
    • 4.60 lot acres
    For Sale
    $5,041,000
    View Listing →
    New Office/Industrial Facility For Sale For Sale
    $5,041,000
    34,765 SF

    New Office/Industrial Facility For Sale

    Newly constructed 34,765 SF office/industrial facility in Russellville, Arkansas.

    340 N Shamrock Blvd, Russellville, AR 72802
    View Listing
    Property ID
    US05-1645301
    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

    • Arkansas Oklahoma Carpenter / Vocational School
    • Carpenters Local 1836 / Advocacy Group
    • Millwright 216 Union Training Facility / Association Or Organization

    Property Details for 340 Shamrock Blvd

    Year built
    2022
    Lot size
    4.60 lot acres
    Property size
    30,518 SF
    Property type
    Office buildings
    APN
    863-00105-005C
    APU
    86300105005C

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,780,000
      6.5%
      $4,410,000
      7%
      $4,095,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,223,000
      Market price range: $1.52M - $3.97M
      AI Estimate
      $2,171,000
      Market price range: $1.12M - $2.93M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,850,000
      Current use
      RETAIL STORES
      $2,610,000
      Change: -8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.0899
    Latitude
    35.2798
    CBSA code
    40780
    CBSA name
    RUSSELLVILLE, 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
    $22,568
    $60,112
    $429,429
    $489,541
    -
    $300,560
    $2,147,145
    $2,447,705

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      3010 Bernice Ave

      OFFICE BUILDING • 5,000 SF
      3010 Bernice Ave, Russellville, AR 72802-8439
      View Details
    • Value Estimation by Request
      1,680 SF

      206 Furniture Rd

      OFFICE BUILDING • 1,680 SF
      206 Furniture Rd, Russellville, AR 72802-1577
      View Details
    • Value Estimation by Request
      5,000 SF

      1216 14th St

      OFFICE BUILDING • 5,000 SF
      1216 14th St, Russellville, AR 72802-6469
      View Details
    • Value Estimation by Request
      1,512 SF

      3209 Arkansas Ave

      OFFICE BUILDING • 1,512 SF
      3209 Arkansas Ave, Russellville, AR 72802
      View Details
    • Value Estimation by Request
      784 SF

      3208 Arkansas Ave

      OFFICE BUILDING • 784 SF
      3208 Arkansas Ave, Russellville, AR 72802-8001
      View Details
    • Value Estimation
      $2,980,000
      2,530 SF

      2303 Arkansas Ave

      OFFICE BUILDING • 2,530 SF
      2303 Arkansas Ave, Russellville, AR 72802-2219
      View Details

    Similar Nearby for Sale

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      Pending

      Commercial Land in Russellville, AR

      Commercial land with shop building, suitable for various business uses.
      1315 E 16Th St, Russellville, AR 72802
      View Details
    • $99,000
      0.86 Acres

      Russellville AR Commercial Land

      0.86-acre lot, prime commercial opportunity.
      Knoxville Ave, Russellville, AR 72802
      View Details
    • Contact for pricing

      Prime Commercial Site in Russellville

      3.18-acre commercial site off I-40 in Russellville, Arkansas.
      1004 Weir Rd, Russellville, AR 72802
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    • $70,000
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      Bluff Lot in Eagle Crest

      Bluff lot with lake views near Richland Hills.
      450 Apple Ln, Russellville, AR 72802
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    • $1,750,000
      2,800 SF

      Versatile Land Near I-40

      4.8 acres zoned C-2 and C-5 near I-40.
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    View Listing
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    Russellville, AR 72802-8469
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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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