Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    510 College Ave El Dorado, AR 71730-4503

    • Specialty properties
    • 4,186 SF
    • 0.33 lot acres
    OFF-MARKET
    Last Sale
    Sep 28, 2020
    $230,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1790667
    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

    • Pitard Animal Clinic / Veterinarian
    • Dunn B Gene MD / Veterinarian

    Property Details for 510 College Ave

    Year built
    1975
    Lot size
    0.33 lot acres
    Property size
    4,186 SF
    Property type
    Specialty properties
    APN
    03260-00062-0000
    APU
    3260000620000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Dorado
    County
    Union
    State
    Arkansas
    Longitude
    -92.6744
    Latitude
    33.2166
    CBSA code
    20980
    CBSA name
    EL DORADO, 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
    $2,530
    $4,980
    $60,690
    $65,670
    -
    $24,900
    $303,450
    $328,350

    Comparable in this City

    • Value Estimation by Request
      6,040 SF

      1525 19th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 6,040 SF
      1525 19th St, El Dorado, AR 71730-3127
      View Details
    • Value Estimation by Request
      5,032 SF

      432 Liberty St

      CREMATORIUM, MORTUARY • 5,032 SF
      432 Liberty St, El Dorado, AR 71730-4531
      View Details
    • Value Estimation by Request
      3,504 SF

      1211 Main St

      CREMATORIUM, MORTUARY • 3,504 SF
      1211 Main St, El Dorado, AR 71730-6325
      View Details
    • Value Estimation by Request
      10,726 SF

      Mt Holly Rd At N College Ave

      CREMATORIUM, MORTUARY • 10,726 SF
      Mt Holly Rd At N College Ave, El Dorado, AR 71730
      View Details
    • Value Estimation by Request
      6,476 SF

      4113 Magnolia Hwy

      KENNEL • 6,476 SF
      4113 Magnolia Hwy, El Dorado, AR 71730-3033
      View Details
    • Value Estimation by Request
      7,352 SF

      312 Oak St

      CREMATORIUM, MORTUARY • 7,352 SF
      312 Oak St, El Dorado, AR 71730-4565
      View Details

    Similar Nearby for Sale

    • $135,000
      2,916 SF

      Commercial Building in El Dorado

      Commercial building and land available in El Dorado, Arkansas.
      110 S Smith Ave, El Dorado, AR 71730
      View Details
    • $176,000
      8,813 SF

      El Dorado Church Building ForSale

      Church building suitable for weddings, gatherings, and religious activities.
      901 S Washington Ave, El Dorado, AR 71730
      View Details
    • $1,498,000
      14,034 SF

      Prime El Dorado Medical Office Building

      14,034 SF Medical Office, 1.47 Acres
      301 Thompson Ave, El Dorado, AR 71730
      View Details
    • $75,200
      20.00 Acres

      Prime 20-Acre Arkansas Hunting Land

      Wooded acreage near El Dorado, AR. Hunting & Timber investment.
      75-20 Hwy, El Dorado, AR 71730
      View Details
    • $399,500

      Commercial Land on Busy Street

      Commercial property in a great location on a busy street.
      2420 N West Ave, El Dorado, AR 71730
      View Details
    • $69,500
      16.86 Acres

      16.86 Acres on Moro Bay Highway

      Timber-rich land with highway frontage, ideal for homesite or investment.
      4750 Hwy 63, El Dorado, AR 71730
      View Details

    Similar Nearby for Lease

    • $2,920 /Mo

      Finished Office Unit For Rent

      Finished office unit available for lease with furnished bathroom.
      702 Timberlane Dr, El Dorado, AR 71730
      View Details
    • $6 SF/Yr
      90,000 SF

      Prime Retail Space - Union County

      Large Vacant Retail Space, High Traffic Area
      440 Bradley Ave, El Dorado, AR 71730
      View Details
    • Contact for pricing
      348,480 SF

      El Dorado Retail Center: 8 Acres

      Prime Retail Space: High-Traffic Location, 348,480 SF
      0 28Th St, El Dorado, AR 71730
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    510 College Ave
    El Dorado, AR 71730-4503
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.