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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3401 Race Ave Searcy, AR 72143-4814

    • Grocery and convenience stores
    • 2,945 SF
    • 0.97 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2073333
    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.

    Current Use by Public Records

    • Dominic Drop Off / Grocery Store
    • Shazam Atm / Atm
    • EXXON / Gas Station
    • FedEx Drop Box / Mailing Service

    Property Details for 3401 Race Ave

    Year built
    1985
    Lot size
    0.97 lot acres
    Property size
    2,945 SF
    Property type
    Grocery and convenience stores
    APN
    016-00624-810
    APU
    1600624810

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Searcy
    County
    White
    State
    Arkansas
    Longitude
    -91.6912
    Latitude
    35.2499
    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
    $8,054
    $101,410
    $95,510
    $196,920
    -
    $507,050
    $477,550
    $984,600

    Comparable in this City

    • Value Estimation by Request
      1,320 SF

      664 Hwy 36th E

      CONVENIENCE STORE • 1,320 SF
      664 Hwy 36th E, Searcy, AR 72143-9728
      View Details
    • Value Estimation by Request
      8,232 SF

      3123 Race Ave

      CONVENIENCE STORE • 8,232 SF
      3123 Race Ave, Searcy, AR 72143-4809
      View Details
    • Value Estimation by Request
      1,120 SF

      2484 Hwy 16

      CONVENIENCE STORE • 1,120 SF
      2484 Hwy 16, Searcy, AR 72143-8606
      View Details
    • Value Estimation by Request
      3,688 SF

      Searcy, AR 72143

      CONVENIENCE STORE • 3,688 SF
      Searcy, AR 72143
      View Details
    • Value Estimation
      $6,865,000
      3,035 SF

      316 Benton St

      CONVENIENCE STORE • 3,035 SF
      316 Benton St, Searcy, AR 72143-5946
      View Details
    • Value Estimation by Request
      3,810 SF

      2620 Beebe Capps Expy

      CONVENIENCE STORE • 3,810 SF
      2620 Beebe Capps Expy, Searcy, AR 72143-4968
      View Details

    Similar Nearby for Sale

    • $1,820,000
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      Downtown Corner Retail Opportunity

      Retail space for sale in a downtown corner location.
      207 W Arch Ave, Searcy, AR 72143
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      Searcy Retail Pad Site Opportunity

      Prime retail location near Walmart and major national chains.
      3513 E Race Ave, Searcy, AR 72143
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    • $699,000
      7,000 SF

      Updated Commercial Property in Searcy

      Move-in ready retail/office spaces with storage in high-visibility area.
      2213-2217 E Race Ave, Searcy, AR 72143
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    • $950,000
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      Searcy Commercial Investment Opportunity

      16,000 SF commercial building with showroom, living quarters, shop.
      3369 36 Hwy, Searcy, AR 72143
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    • $3,581,500
      7,800 SF

      Modern Retail Center in Searcy

      7,800 sq ft retail center with national tenants.
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    Similar Nearby for Lease

    • $3,750 /Mo
      2,500 SF

      Retail Space Near Harding University

      2300 SF retail space with high visibility frontage.
      1629 E Beebe Capps Expy, Searcy, AR 72143
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    • $4,000 /Mo
      4,500 SF

      Retail Space Near I-57

      4500 sqft retail space with additional storage near I-57.
      2526 Eastline Rd, 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
    • $20 SF/Yr
      4,731 SF

      Searcy Retail Space Available

      Prime Searcy location, 4,731 sq ft.
      3512 Race Ave, Searcy, AR 72143
      View Details
    • $10 SF/Yr
      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
    • $1,408 /Mo
      1,300 SF

      Retail Space on Beebe Capps

      Retail space for lease in Searcy, Arkansas.
      1909 West Beebe Capps Expwy Expy, Searcy, AR 72143
      View Details
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    Searcy, AR 72143-4814
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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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