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    508 E 8Th St Danville, AR 72833
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    508 E 8Th St, Danville, AR 72833

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    • Drive through restaurants
    • 1,604 SF
    • 0.80 lot acres
    For Sale
    $399,750
    View Listing →
    Drive-Thru Restaurant/Retail Building For Sale
    $399,750
    1,604 SF

    Drive-Thru Restaurant/Retail Building

    Renovated building with a drive-thru window, walk-in refrigeration, and a large paved parking lot.

    508 E 8th Street, Danville, AR 72833
    View Listing
    Property ID
    US05-1129796
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 508 E 8Th St

    Year built
    1998
    Lot size
    0.80 lot acres
    Property type
    Drive through restaurants
    APN
    701-00255-000
    APU
    70100255000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 11, 2013 $7,582 Dar-taco INC John Thurston Redemption Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Yell
    State
    Arkansas
    Longitude
    -93.3889
    Latitude
    35.0537
    CBSA code
    40780
    CBSA name
    RUSSELLVILLE, AR MICROPOLITAN 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
    $1,237
    $17,500
    $9,980
    $27,480
    -
    $87,500
    $49,900
    $137,400

    Comparable in this City

    • Value Estimation by Request
      2,803 SF

      219 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      219 Main St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      1,312 SF

      8th St

      DRIVE-THRU RESTAURANT, FAST FOOD
      8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      1,152 SF

      206 8th St

      DRIVE-THRU RESTAURANT, FAST FOOD
      206 8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      1,380 SF

      907 Hwy 10th 8th St

      RESTAURANT
      907 Hwy 10th 8th St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      1,964 SF

      508 Main St

      RESTAURANT
      508 Main St, Danville, AR 72833
      View Details
    • Value Estimation by Request
      9,800 SF

      400 Main St

      RETAIL STORES (PERSONAL SERVICES)
      400 Main St, Danville, AR 72833-9785
      View Details

    Similar Nearby for Sale

    • New
      $399,750
      1,604 SF

      Drive-Thru Restaurant/Retail Building

      Renovated building with a drive-thru window, walk-in refrigeration, and a large paved parking lot.
      508 E 8Th St, Danville, AR 72833
      View Details
    • $260,000
      Pending

      Multi-Family Investment Opportunity in Danville

      Income-generating multi-family property with six units in Danville, Arkansas.
      206 Arkansas St, Danville, AR 72833
      View Details
    • $199,000
      61.88 Acres

      Danville, AR Land For Sale

      61+ acre land with development and recreation potential.
      Moss Creek Rd, Danville, AR 72833
      View Details
    • New
      $70,000
      0.90 Acres

      Vacant Development Land with Highway Frontage

      Contiguous lots with direct access to Arkansas Highway 10, suited for retail, office, service, or light industrial development.
      E 8Th St, Danville, AR 72833
      View Details
    • Contact for pricing
      Pending

      Multi-Family Property in Danville

      Income-generating multi-family property with six units in Danville.
      206 Arkansas St, Danville, AR 72833
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    • $123,000
      0.50 Acres

      Commercial Property in Danville, Arkansas

      Versatile commercial property with residential conversion potential in Danville.
      2002 Main St, Danville, AR 72833
      View Details
    View Listing
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    Danville, AR 72833
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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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