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Property profile & analytics
OFF-MARKET
Office buildings
515 Main St, Searcy, AR 72143-6863
Individually Owned
~
Est. High Equity
Property ID
US05-1858191
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2009
Total area
3,200 SF
Lot
0.7 ac (30,492 SF)
APN
016-03596-000
UPID
US05-1858191
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
Current use
Occupant on record · Public records
-
Kernodle & Katon Asset Management: Katon Benjamin Insurance Agency
-
Choate Law Firm, PLLC Law Firm Child Welfare Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joe W Spradlin JR
Joe W Spradlin JR
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Searcy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Searcy 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,817
Tax year 2024
Assessed value
$118,650
Assessed 2024
Previous assessed
$118,650
+0.0% YoY
Effective rate
4.06%
On assessed value
Assessed land
$36,590
Assessed improvement
$82,060
Land market value
$182,950
Improvement market value
$410,300
Total market value
$593,250
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2009
Heating
NONE
Cooling
NONE
Stories
2
Total area
3,200 SF
Lot
0.7 ac (30,492 SF)
APN
016-03596-000
UPID
US05-1858191
Jurisdiction
WHITE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.7 ac
Current owner
From public records · entity-resolved
Joe W Spradlin JR
Individual
Mailing address
515 S MAIN ST, SEARCY, AR 72143-6863
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
29 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2025
—
Joe W Spradlin JR
Joe W Spradlin JR
Deed
related
—
Jun 24, 2024
—
Windage Holdings LLC
Michael Jay Bland
Quitclaim Deed
related
—
Apr 30, 2024
—
Sharon Chaloupka
Joyce Alford
Beneficiary Deed
—
Oct 11, 2023
—
Chris Smith
Cindy L Cummings
Beneficiary Deed
—
Sep 18, 2023
—
Janine Alise Saarloos
Don William Broussard JR
Correction Deed
related
—
Apr 5, 2023
—
Ian Cade Baker
Melvin D Brown
Beneficiary Deed
—
Nov 1, 2022
—
Michael Adam Mason
James Michael Mason
Beneficiary Deed
related
—
Oct 3, 2022
—
Jonathan Eric Alan Collins
Penny Choate Agee
Beneficiary Deed
—
Sep 30, 2022
—
Mindy C Kovacs
Timothy S Waller
Beneficiary Deed
—
Aug 11, 2022
—
Amy Renee Dutton
Judy Ann Cleveland
Beneficiary Deed
—
Jul 12, 2022
—
Michael L Myers
Rita Willbanks
Quit Claim Deed
related
—
May 23, 2022
—
Sharon Crider
Norma Mihelic
Beneficiary Deed
—
Dec 15, 2021
—
Shelly Mae Summers Brown
Paul D Summers
Beneficiary Deed
related
—
Nov 15, 2021
—
Hp Bnnn Properties LLC
Paul Bunn
Intrafamily Transfer
related
—
Nov 2, 2021
—
Phillip D Dyson
James L Dyson
Beneficiary Deed
related
—
Sep 27, 2021
—
Kelly S Curd
Betty S Stevens
Beneficiary Deed
—
Aug 25, 2021
—
Steven R Smith
Harvey Smith
Beneficiary Deed
related
—
Jul 20, 2021
—
Brian Douglas Cobb
Linda Butler
Deed Of Distribution
—
Jun 10, 2021
—
Katie Anne Long
Michael Gary Wadley
Beneficiary Deed
—
Jun 3, 2021
—
Courtney N Roberson
Mark Ervin Collins
Beneficiary Deed
—
Mar 19, 2021
—
Pamela Decarlo
Ronnie Graham
Beneficiary Deed
—
Jan 22, 2021
—
Jackie Brackenridge
Donna Sue Shelton
Beneficiary Deed
—
Jan 13, 2021
—
Justin Shane Davis
Sammy Davis
Beneficiary Deed
related
—
Nov 23, 2020
—
Pamela Decarlo
James Conway
Beneficiary Deed
—
Oct 13, 2020
—
Martha Sue Steed
Martha Sue Steed
Intrafamily Transfer
related
—
Jun 4, 2020
—
Marie F Brothers
Marie Guy Brothers
Intrafamily Transfer
related
—
Dec 4, 2019
$685,000
Choate Development LLC
Kemodle & Katon Asset Mgmt Group Ll
Warranty Deed
$685,000 · Simmons Bank
Jan 6, 2014
—
Kernodle & Katon Asset Managments G
Covenant Investments Paratners LLC
Warranty Deed
—
Aug 30, 2010
—
Covenant Investment Partners
Patrick Ryan Miller
Correction Deed
related
—
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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