Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    604 Ctr St Lonoke, AR 72086-2546
    Back to Search
    Property profile & analytics

    604 Ctr St Lonoke, AR 72086-2546

    View on Map
    • Outlet malls
    • 7,996 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Aug 11, 2020
    $300,000
    Property ID
    US05-0393676
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Outlet malls

    Property Details for 604 Ctr St

    Lot size
    0.44 lot acres
    Property size
    7,996 SF
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    780-14406-000
    APU
    78014406000

    Description

    This exceptional commercial property presents a unique investment opportunity in the thriving town of Lonoke, Arkansas. Spanning two acres of land, this expansive lot at 604 Center Street offers significant potential for a variety of commercial ventures. Its strategic location provides excellent visibility and accessibility, making it an ideal site for businesses seeking high traffic exposure. The property is classified as "Other" in terms of building type, meaning it's a blank canvas ready for development according to your specific needs and vision. This presents a rare chance to build a custom structure tailored to your business requirements, maximizing efficiency and functionality. The asking price for this substantial land parcel is $535,000, reflecting its prime location and development potential within the Lonoke community. Given the size and location, this property is well-suited for a range of commercial uses, from retail establishments and restaurants to light industrial facilities or office spaces. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The absence of existing structures allows for complete design flexibility and the creation of a truly bespoke commercial space. Don't miss this chance to secure a prominent location in a growing Arkansas town.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lonoke
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.9004
    Latitude
    34.7888
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN 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
    2023
    $3,154
    $10,560
    $47,390
    $57,950
    -
    $52,800
    $236,950
    $289,750

    Comparable in this City

    • Value Estimation
      $1,285,000
      9,230 SF

      9135 Hwy 31st N

      WHOLESALE OUTLET, DISCOUNT STORE • 9,230 SF
      9135 Hwy 31st N, Lonoke, AR 72086-8828
      View Details
    • Value Estimation
      $1,305,000
      9,000 SF

      819 Ctr St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,000 SF
      819 Ctr St, Lonoke, AR 72086-2549
      View Details
    • Value Estimation
      $855,000
      5,995 SF

      904 Ctr St

      WHOLESALE OUTLET, DISCOUNT STORE • 5,995 SF
      904 Ctr St, Lonoke, AR 72086-2552
      View Details
    • Value Estimation
      $1,145,000
      9,104 SF

      5174 Hwy 15th N

      WHOLESALE OUTLET, DISCOUNT STORE • 9,104 SF
      5174 Hwy 15th N, Lonoke, AR 72086-8583
      View Details
    • Value Estimation
      $12,520,000
      99,052 SF

      324 Brownsville Loop

      WHOLESALE OUTLET, DISCOUNT STORE • 99,052 SF
      324 Brownsville Loop, Lonoke, AR 72086
      View Details
    • Value Estimation by Request
      12,282 SF

      1515 Ctr St

      SHOPPING CENTER, STRIP CENTER • 12,282 SF
      1515 Ctr St, Lonoke, AR 72086-2101
      View Details

    Similar Nearby for Sale

    • $289,900
      1,800 SF

      Lonoke Commercial Building and Land

      Commercial building in Lonoke, ready for retail or restaurant.
      921 N Center St, Lonoke, AR 72086
      View Details
    • $199,900
      5,000 SF

      Commercial Retail Building in Lonoke

      Commercial retail building with great exposure and endless possibilities.
      405 N Center St, Lonoke, AR 72086
      View Details
    • $1,417,500
      10,500 SF

      New Family Dollar Storefront

      New construction Family Dollar store with corporate guarantee.
      10585 Ar 89, Lonoke, AR 72086
      View Details
    • $180,000
      2,776 SF

      Lonoke Retail Building and Land

      Retail property with highway frontage in Lonoke, Arkansas.
      501 SW Front St, Lonoke, AR 72086
      View Details
    • New
      $93,000
      2,460 SF

      Lonoke Commercial Building and Land

      2,400 SF building on 0.36 acres in Lonoke, Arkansas.
      220 Depot St, Lonoke, AR 72086
      View Details
    • $500,000
      7,996 SF

      Prime Retail Location For Sale

      Prime business location with an 8,000 sq. ft. building.
      604 N Center St, Lonoke, AR 72086
      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.
    604 Ctr St
    Lonoke, AR 72086-2546
    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

    Thank You for Inquiry
    604 Ctr St, Lonoke, AR, 72086
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!