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    Property profile & analytics

    478 Main St Melbourne, AR 72556-8050

    • Individual retail properties
    • 5,760 SF
    • 1.25 lot acres
    OFF-MARKET
    Value Estimation
    $695,000
    Last Sale
    Oct 27, 2022
    $750,000
    Location Intelligence
    Property ID
    US05-1741159
    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

    • Individual retail properties

    Property Details for 478 Main St

    Lot size
    1.25 lot acres
    Property size
    5,760 SF
    Property type
    Individual retail properties
    APN
    531-00039-000
    APU
    53100039000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $695,000

    • CAP approach

      CAP return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $725,000
      Geo Method
      $695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $685,000
      Retail
      $705,000
      Mixed-Use
      $610,000
      Hospitality
      $635,000
      Educational
      $790,000
      Residential Income
      $645,000
      Energy
      $745,000
      Income-Based Land
      $745,000
      Food Service
      $715,000

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Izard
    State
    Arkansas
    Longitude
    -91.9101
    Latitude
    36.0591

    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
    $2,491
    $18,750
    $31,150
    $49,900
    -
    $93,750
    $155,750
    $249,500

    Comparable in this City

    • Value Estimation by Request
      1,576 SF

      930 Main St

      BARBER, HAIR SALON • 1,576 SF
      930 Main St, Melbourne, AR 72556
      View Details
    • Value Estimation by Request
      828 SF

      556 Main St

      BARBER, HAIR SALON • 828 SF
      556 Main St, Melbourne, AR 72556
      View Details
    • Value Estimation by Request
      3,248 SF

      32 Lunen St

      RETAIL STORES (PERSONAL SERVICES) • 3,248 SF
      32 Lunen St, Melbourne, AR 72556
      View Details
    • Value Estimation by Request
      2,816 SF

      24 Lunen St

      RETAIL STORES (PERSONAL SERVICES) • 2,816 SF
      24 Lunen St, Melbourne, AR 72556
      View Details
    • Value Estimation
      $345,000
      2,880 SF

      1195 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      1195 Main St, Melbourne, AR 72556-9191
      View Details
    • Value Estimation
      $215,000
      9,631 SF

      121 Main St

      FINANCIAL BUILDING • 9,631 SF
      121 Main St, Melbourne, AR 72556-9282
      View Details

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    478 Main St
    Melbourne, AR 72556-8050
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    Realmo Value Estimation

    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.

    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.

    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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