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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Flex space
5100 Ivan Mitchell Rd Lonsdale, AR 72087-9327
Individually Owned
20-yr Hold
Property ID
US05-0300259
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2007
Total area
19,545 SF
Lot
6.26 ac (272,686 SF)
APN
001-13265-015
UPID
US05-0300259
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.14M
Owner & transaction history
Markel B Mitchell · 20 yrs held
Markel B Mitchell
since 2006
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.7M
+194.7%
Retail stores
$1.4M
+151.2%
Auto repair, garage
$1.4M
+144.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lonsdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lonsdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,300,000
7%
$1,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,690,000
Change: +195% · Conversion: Difficult
RETAIL STORES
$1,440,000
Change: +151% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,400,000
Change: +144% · Conversion: Easy
MEDICAL BUILDING
$1,175,000
Change: +105% · Conversion: Difficult
WAREHOUSE, STORAGE
$900,000
Change: +57% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$58 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,276
Tax year 2024
Assessed value
$275,872
Assessed 2024
Previous assessed
$275,872
+0.0% YoY
Effective rate
4.45%
On assessed value
Assessed land
$12,520
Assessed improvement
$263,352
Land market value
$62,600
Improvement market value
$1,316,760
Total market value
$1,379,360
Applied tax rate
180.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2007
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Bathrooms
1
Total area
19,545 SF
Lot
6.26 ac (272,686 SF)
APN
001-13265-015
UPID
US05-0300259
Jurisdiction
SALINE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$900,000
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
1
Lot
6.26 ac
Current owner
From public records · entity-resolved
Markel B Mitchell
Individual
Mailing address
PO BOX 8118, HOT SPRINGS VILLAGE, AR 71910-8118
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2020
—
Markel B Mitchell
—
Deed
related
—
Dec 4, 2019
—
Markel B Mitchell
—
Deed
related
—
Nov 1, 2018
—
Markel B Mitchell
—
Deed
related
—
Nov 3, 2017
—
Markel B Mitchell
—
Deed
related
—
Oct 2, 2017
—
Markel B Mitchell
—
Deed
related
—
Aug 31, 2016
—
Markel B Mitchell
—
Deed
related
—
Apr 24, 2009
—
Markel B Mitchell
—
Trustees Deed
related
$100,000 · Hot Springs Bank & Trust Co
Apr 27, 2006
$15,000
Markel B Mitchell
Owner Name Unavailable
Warranty Deed
related
—
—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Mitchell,markel B & John D
—
Deed Of Trust
related
$200,000 · Hot Springs Bk&tr
—
—
Markel B Mitchell
—
Deed Of Trust
related
$200,000 · Hot Springs Bank & Trust Co
—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Markel B Mitchell
—
Loan Modification
related
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—
—
Markel B Mitchell
—
Loan Modification
related
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—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Markel B Mitchell
—
Deed Of Trust
related
—
—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Markel B Mitchell
—
Deed Of Trust
related
$669,200 · Hot Springs Bank & Trust Co
—
—
Markel B Mitchell
—
Loan Modification
related
—
—
—
Markel B Mitchell
—
Deed Of Trust
related
—
—
—
Markel B Mitchell
—
Loan Modification
related
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Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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