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    Property profile & analytics

    508 Martin Luther King E St Madison, AR 72359

    • Retail properties
    • 1,780 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 09, 2023
    Location Intelligence
    Property ID
    US05-1068173
    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

    • Retail properties

    Property Details for 508 Martin Luther King E St

    Year built
    1981
    Property size
    1,780 SF
    Property type
    Retail properties
    APN
    0805-00038-0000
    APU
    805000380000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    St. Francis
    State
    Arkansas
    Longitude
    -90.7214
    Latitude
    35.0129
    CBSA code
    22620
    CBSA name
    FORREST CITY, 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
    $226
    $450
    $4,620
    $5,070
    -
    $2,250
    $23,100
    $25,350

    Comparable in this City

    • Value Estimation by Request
      2,832 SF

      504 Martin Luther King E St

      AUTO REPAIR, GARAGE • 2,832 SF
      504 Martin Luther King E St, Madison, AR 72359
      View Details
    • Value Estimation by Request
      1,150 SF

      500 Martin Luther King E St

      AUTO REPAIR, GARAGE • 1,150 SF
      500 Martin Luther King E St, Madison, AR 72359
      View Details
    • Value Estimation by Request
      2,400 SF

      300 5th St

      CONVENIENCE STORE • 2,400 SF
      300 5th St, Madison, AR 72359
      View Details
    • Value Estimation by Request
      2,400 SF

      Madison, AR 72359

      AUTO REPAIR, GARAGE • 2,400 SF
      Madison, AR 72359
      View Details
    • Value Estimation by Request
      1,774 SF

      507 Martin Luther King E St

      RETAIL STORES (PERSONAL SERVICES) • 1,774 SF
      507 Martin Luther King E St, Madison, AR 72359
      View Details
    • Value Estimation
      $185,000
      1,680 SF

      402 Martin Luther King E St

      RESTAURANT • 1,680 SF
      402 Martin Luther King E St, Madison, AR 72359
      View Details
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    508 Martin Luther King E St
    Madison, AR 72359
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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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