Property profile

501 Main St Hope, AR 71801

OFF-MARKET
Other retail properties
Property ID
US05-1826052
5,815 SF 0.13 ac lot Built 1940
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Located at 501 S. Main Street in the Original Town of Hope, Arkansas, this property includes a 1940-built commercial building and associated land. The building totals approximately 5,815 square feet, with about half configured as showroom space and half as warehouse space, and features 16-foot ceilings and concrete floors. It includes an office and workspace, a half bathroom, and storage/warehouse areas, with a warehouse overhead door providing direct access for deliveries. Refrigeration support includes a 10x36 walk-in cooler plus an additional smaller walk-in cooler for overflow. Building systems include a roof update reported around 2019 and a HVAC system installed in 2023 by Hollis Heat & Air. The property is comprised of two parcels: 501 S. Main (parcel 700-00343-000-C), measuring approximately 40.5 x 142 and zoned (CI) Comm. Impr., and 503 S. Main (parcel 700-00344-000), measuring approximately 30 x 75.26 and zoned (CV) Comm. Vacant. The property has previously been used as a flower shop business, and is suitable for retail/showroom and light warehouse or distribution uses based on its interior layout and delivery access.

Property profile

Verified
Property type Other retail properties
Use group NURSERY, GREENHOUSE, FLORIST
Year built 1940
Total area 5,815 SF
Lot 0.13 ac (5,750 SF)
APN 700-00343-000-C
UPID US05-1826052

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
  • (Bike/Boat/Book/etc) Store Florist

Location

501 Main St Hope, AR 71801-5207
Hope metro Census 480301 HOPE, AR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

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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