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    Property profile & analytics

    3427 Thompson St Springdale, AR 72764-7047

    • Grocery and convenience stores
    • 7,575 SF
    • 1.51 lot acres
    OFF-MARKET
    Last Sale
    Feb 21, 2024
    $795,435
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0821302
    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

    • Phillips 66 / Car Wash / Gas Station
    • Shiloh Express / Convenience Store
    • Shazam Atm / Atm
    • LibertyX Bitcoin ATM / Atm

    Property Details for 3427 Thompson St

    Year built
    2000
    Lot size
    1.51 lot acres
    Property size
    7,575 SF
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    815-29203-005
    APU
    81529203005

    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
    Springdale
    County
    Washington
    State
    Arkansas
    Longitude
    -94.1431
    Latitude
    36.1544
    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
    2024
    $14,499
    $70,040
    $298,400
    $368,440
    -
    $350,200
    $1,492,000
    $1,842,200

    Comparable in this City

    • Value Estimation
      $290,000
      6,310 SF

      1567 Sunset Ave

      CONVENIENCE STORE • 6,310 SF
      1567 Sunset Ave, Springdale, AR 72764-5245
      View Details
    • Value Estimation
      $305,000
      5,480 SF

      2103 Powell St

      CONVENIENCE STORE • 5,480 SF
      2103 Powell St, Springdale, AR 72764-7339
      View Details
    • Value Estimation
      $230,000
      2,448 SF

      17410 Hwy 412

      CONVENIENCE STORE • 2,448 SF
      17410 Hwy 412, Springdale, AR 72764-9705
      View Details
    • Value Estimation
      $220,000
      3,840 SF

      20983 Vanzant Rd

      CONVENIENCE STORE • 3,840 SF
      20983 Vanzant Rd, Springdale, AR 72764-8966
      View Details
    • Value Estimation
      $185,000
      2,400 SF

      1116 Emma Ave

      CONVENIENCE STORE • 2,400 SF
      1116 Emma Ave, Springdale, AR 72764
      View Details
    • Value Estimation
      $205,000
      3,312 SF

      500 Old Missouri Rd

      CONVENIENCE STORE • 3,312 SF
      500 Old Missouri Rd, Springdale, AR 72764-3637
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,240 SF

      Springdale Retail/Showroom Opportunity

      Retail or showroom space in downtown Springdale overlay district.
      711 Emma Ave, Springdale, AR 72764
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      Historic Retail Building in Springdale

      Historic building suitable for office or retail in downtown Springdale.
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      Move-in Ready Retail/Office Suite

      Retail/Office suite with open floor plan in Springdale, AR.
      1880 S Pleasant St, Springdale, AR 72764
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    • $1,995,000
      4,347 SF

      Retail Property in Growing Area

      Retail property with parking near new developments and recreational areas.
      321 E Emma Ave, Springdale, AR 72764
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      1,500 SF

      Springdale Retail/Office/Restaurant Space For Sale

      New retail, office, restaurant, and medical spaces in Springdale.
      2588 E Robinson Ave, Springdale, AR 72764
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      1,518 SF

      Downtown Springdale Retail Space Available

      1,518 SF retail space in Downtown Springdale, available January 1.
      809 E Emma Ave, Springdale, AR 72764
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      12,000 SF

      New Retail Construction on Highway

      Retail spaces available in new construction with high traffic frontage.
      Highway 412, Springdale, AR 72764
      View Details
    • $34 SF/Yr
      12,000 SF

      New Retail Construction on Highway

      New retail buildings for lease in Springdale, Arkansas.
      Highway 412, Springdale, AR 72764
      View Details
    • $23 SF/Yr
      1,500 SF

      Retail Space on Highway 412

      Retail space with drive-thru and highway signage available.
      2630 E Robinson Ave, Springdale, AR 72764
      View Details
    • Contact for pricing
      9,900 SF

      Retail Space in Walmart Shadow

      Retail space available in Walmart shadow center near University.
      2002 S Pleasant St, Springdale, AR 72764
      View Details
    • $26 SF/Yr
      30,857 SF

      Downtown Springdale Office Space

      Prime Retail/Office Opportunity in Springdale
      100 Emma Ave, Springdale, AR 72764
      View Details
    • $20 SF/Yr
      13,280 SF

      Springdale Medical Office Space

      Prime Retail & Medical Office Suites Available
      2588 Robinson Ave, Springdale, AR 72764
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      1.3k
    • Avg Time on site
      12 min
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    3427 Thompson St
    Springdale, AR 72764-7047
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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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