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Property profile & analytics
OFF-MARKET
Office buildings
408 Market St, Horseshoe Bend, AR 72512-3871
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US05-0599546
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
1,107 SF
Lot
0.57 ac (25,003 SF)
APN
800-09732-000
UPID
US05-0599546
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Robert Page
Robert Page
since 2025
Last sale
$75,000
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 Horseshoe Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Horseshoe Bend 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2024Property tax & assessments
Tax year 2024
Tax billed
$616
Tax year 2024
Assessed value
$12,640
Assessed 2024
Previous assessed
$12,640
+0.0% YoY
Effective rate
4.87%
On assessed value
Assessed land
$1,500
Assessed improvement
$11,140
Land market value
$7,500
Improvement market value
$55,700
Total market value
$63,200
Applied tax rate
101.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Heating
NONE
Cooling
NONE
Stories
1
Total area
1,107 SF
Lot
0.57 ac (25,003 SF)
APN
800-09732-000
UPID
US05-0599546
Jurisdiction
IZARD
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
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Robert Page
Individual
Mailing address
1812 CLEAR WATER TRCE, BATESVILLE, AR 72501-2313
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2025
$74,500
Robert Page
Charles Scott Perkey
Warranty Deed
$69,491 · First National Bank Of Izard County
Jul 22, 2024
$70,000
Charles Scott Perkey
Joseph Beavers
Warranty Deed
—
Aug 8, 2023
$58,000
Joseph Beavers
Musick Pest Control LLC
Warranty Deed
—
Apr 27, 2021
$49,900
Musick Pest Control LLC
Bobbby G Miller
Land Contract
$44,900 · Not Available
Feb 2, 2021
—
Bobby Gray Miller
Jesse Naldo Arnold
Quit Claim Deed
related
—
Mar 24, 2017
$30,000
Bobby G Miller
Chad Bookout
Warranty Deed
—
Oct 22, 2013
$15,250
Chad Bookout
Fred H Davis
Warranty Deed
—
Jan 15, 2010
—
Fred H Davis
Daniel Daniel
Warranty Deed
$31,600 · Bancorpsouth Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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