Property profile

515 Sherwood Ave Mena, AR 71953

OFF-MARKET
Retail space
Property ID
US05-1809414
1,260 SF 0.08 ac lot Built 1930
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

A downtown commercial building containing approximately 1,260 square feet of retail space with a storefront configured for retail display, including double bay display windows for curbside visibility. Substantial renovations were made as follows: a roof replacement and building addition were completed in 2022, new HVAC was installed in 2023, and interior systems were reworked with electrical and plumbing updates. Interior finishes include fresh paint, new sheetrock, and a newly built tray ceiling. The property includes front-of-store parking and access to additional public parking at the nearby depot. An added apartment provides onsite residential or flexible-use space, consisting of a full bathroom with shower and tub, a combined living/bedroom area, and a small kitchenette with a dishwasher. The building also includes a two-car garage equipped with full-sized automatic roll-up doors, a large double closet, and attic storage, supporting combined retail and operational uses.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,260 SF
Lot 0.08 ac (3,267 SF)
APN 6000-00423-0000
UPID US05-1809414

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Decor Store (Bike/Boat/Book/etc) Store

Location

515 Sherwood Ave Mena, AR 71953-3233
Mena metro Census 950201
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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