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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
High-rise multifamily apartments
3401 2nd St, Bentonville, AR 72712-3548
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0058962
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2008
Total area
27,364 SF
Lot
1.61 ac (70,132 SF)
APN
01-10273-000
UPID
US05-0058962
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Grand Savings Bank Bank Loan Service
-
Industrialized Construction Solutions Construction Company
-
Novus Finance Partners Bank Credit Union
-
Edward Jones - Financial Advisor: William L Sanders, AAMS® Financial Advisor
-
Edward Jones - Financial Advisor: Richard C Binns Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.67M
Owner & transaction history
Virginia Fox · 8 yrs held
Virginia Fox
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bentonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bentonville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$34,620
Tax year 2023
Assessed value
$560,200
Assessed 2023
Previous assessed
$560,200
+0.0% YoY
Effective rate
6.18%
On assessed value
Assessed land
$55,340
Assessed improvement
$504,860
Land market value
$276,700
Improvement market value
$2,524,300
Total market value
$2,801,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
NONE
Stories
2
Total area
27,364 SF
Lot
1.61 ac (70,132 SF)
APN
01-10273-000
UPID
US05-0058962
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2008
Heating
NONE
Cooling
Yes
Stories
2
Lot
1.61 ac
Current owner
From public records · entity-resolved
Virginia Fox
Individual
Mailing address
400 PEACH ORCH RD, BENTONVILLE, AR 72712-3436
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
20 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2024
—
Jaj Bv LLC
—
Deed
related
$216,000 · Grand Savings Bank
Dec 12, 2023
—
Robert Mccarthy
—
Deed
related
$500,000 · Grand Savings Bank
Nov 10, 2022
—
Jason Verzani
—
Deed
related
$250,000 · Grand Savings Bank
Nov 2, 2022
—
Kimberly Simpson
—
Deed
related
$100,000 · Grand Savings Bank
Jul 6, 2020
—
Steele Dev INC
—
Deed
related
—
Apr 8, 2020
—
Steele Dev INC
—
Deed
related
—
Jun 25, 2018
—
Steele Development LLC
—
Deed
related
$500,000 · Simmons Bank
Jun 7, 2018
$25,000
Virginia Fox
Steele Dev INC
Warranty Deed
—
Apr 11, 2017
—
Steele Dev INC
—
Deed
related
—
Jan 22, 2013
—
Steele Dev INC
Dei Property Management LLC
Warranty Deed
related
$1,500,000 · Allied Bank
Aug 2, 2011
$630,000
Steele Dev INC
Bank Of Gravett
Warranty Deed
$567,000 · Bank Of Gravett
Mar 10, 2009
—
Bank Of Gravett
Fox Farr INC
Warranty Deed
related
—
Dec 28, 2005
—
Fox Farr INC
—
Trustees Deed
related
$2,250,000 · Bank Of Gravett
Mar 10, 2005
$150,000
Farrer Corp
Fox Homes INC
Warranty Deed
—
Mar 10, 2005
—
Fox-farr INC
Farrer Corp
Quit Claim Deed
related
—
—
—
Steele Dev INC
—
Loan Modification
related
—
—
—
Steele Dev INC
—
Deed Of Trust
related
$500,000 · First National Bank Fort Smith
—
—
Steele Dev INC
—
Loan Modification
related
—
—
—
Steele Dev INC
—
Loan Modification
related
—
—
—
Steele Dev INC
—
Deed Of Trust
related
$1,800,000 · Simmons First Nat'l Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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