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412 Washington St Forrest City, AR 72335-3359

OFF-MARKET Outlet malls Google Maps
25,230 SF 0.64 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Estimated value (blended)
$535k
Range $482k – $589k (±10%)
Property ID US05-0635729

Property summary

AI-generated overview

This exceptional Class A retail property, located at 412 North Washington St. in Forrest City, AR, presents a unique opportunity for businesses seeking high visibility and ample space. The single-story building, totaling 25,000 square feet, boasts 12,500 square feet of immediately available space, perfect for a variety of uses including big box retail, a gym, or urgent care facility. Built in 1980 and extensively renovated in 2023, the property is in excellent condition and offers modern amenities. The minimum divisible space is 12,500 square feet, with a maximum contiguous space also at 12,500 square feet. The strategic location next to a busy Dollar General ensures high foot traffic and excellent visibility, maximizing exposure for your business. Customer convenience is further enhanced by the availability of 150 parking spaces. The property sits on two acres of land, providing ample room for expansion or outdoor activities. This is a rare opportunity to secure a prime retail location in a thriving area. Don't miss out on this chance to establish your business in a highly visible and accessible location. The property offers a blend of modern updates and a prime location, making it an ideal investment for discerning businesses.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Total area 25,230 SF
Lot 0.64 ac (28,000 SF)
APN 0700-00461-0000
UPID US05-0635729

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Discount Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

since 2022
Last sale
$580,000
1 recorded transaction
2022
$580,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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