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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    624 Main St Van Buren, AR 72956-5112

    • Turn key restaurants
    • 4,238 SF
    OFF-MARKET
    Last Sale
    Apr 01, 2021
    $400,000
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1002951
    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

    • The Vault 1905 Sports Grill / Restaurant

    Property Details for 624 Main St

    Year built
    1896
    Property size
    4,238 SF
    Property type
    Turn key restaurants
    APN
    700-00261-000-C
    APU
    70000261000C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $380,000
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $249,000
      Market price range: $249k - $539k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $370,000
      Current use
      COMMERCIAL (GENERAL)
      $505,000
      Change: +36% Conversion: Easy
      OFFICE BUILDING
      $395,000
      Change: +7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.3532
    Latitude
    35.4359
    CBSA code
    22900
    CBSA name
    FORT SMITH, AR-OK 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
    $1,804
    $4,620
    $64,730
    $69,350
    -
    $23,100
    $323,650
    $346,750

    Comparable in this City

    • Value Estimation
      $200,000
      2,732 SF

      5300 Alma Hwy

      RESTAURANT • 2,732 SF
      5300 Alma Hwy, Van Buren, AR 72956-7049
      View Details
    • Value Estimation
      $75,000
      1,200 SF

      5866 Hwy 59

      RESTAURANT • 1,200 SF
      5866 Hwy 59, Van Buren, AR 72956-8086
      View Details
    • Value Estimation
      $1,570,000
      5,885 SF

      2024 Fayetteville Rd

      RESTAURANT • 5,885 SF
      2024 Fayetteville Rd, Van Buren, AR 72956-6537
      View Details
    • Value Estimation
      $190,000
      2,532 SF

      2502 Alma Hwy

      RESTAURANT • 2,532 SF
      2502 Alma Hwy, Van Buren, AR 72956-5016
      View Details
    • Value Estimation
      $225,000
      7,608 SF

      2215 Industrial Park Rd

      RESTAURANT • 7,608 SF
      2215 Industrial Park Rd, Van Buren, AR 72956-6003
      View Details
    • Value Estimation
      $380,000
      2,400 SF

      727 Fayetteville Rd

      RESTAURANT • 2,400 SF
      727 Fayetteville Rd, Van Buren, AR 72956-3420
      View Details

    Similar Nearby for Sale

    • $499,900
      6,144 SF

      Historic Downtown Van Buren Restaurant

      Historic building with full kitchen, bar, and living area.
      700 Main St, Van Buren, AR 72956
      View Details
    • $67,320
      3,960 SF

      Van Buren Restaurant Space Available

      Prime restaurant space in a high-traffic shopping center location.
      2217 Fayetteville Rd, Van Buren, AR 72956
      View Details
    • $182,500
      1,092 SF

      Commercial/Residential Shop on Large Lot

      Mixed-use shop with residential zoning on a 0.96-acre lot.
      7 Holmes Ln, Van Buren, AR 72956
      View Details
    • New
      $349,900
      6,144 SF

      Historic Mixed-Use Residence with Income

      6,144 sq ft historic residence with live and work space.
      615 Main St, Van Buren, AR 72956
      View Details
    • $120,000
      1,278 SF

      Auto Service Garage For Sale

      Commercial lot with shop and storage in Van Buren, AR.
      6010 Alma Hwy, Van Buren, AR 72956
      View Details
    • $120,000
      0.20 Acres

      Van Buren Commercial Property

      High-visibility auto shop & storage
      6010 Alma Hwy, Van Buren, AR 72956
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Retail Building with Drive-Thru

      New 490 SF retail building with drive-thru near I-40.
      1109 E Pointer Trl, Van Buren, AR 72956
      View Details
    • Contact for pricing
      16,455 SF

      Van Buren Retail Space Available

      Retail space in Van Buren's dominant trade area.
      322 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space in Cloverleaf Plaza

      Retail space available in Van Buren's dominant retail area.
      120-130 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing
      3,780 SF

      Retail Space in Cloverleaf Plaza

      Retail space available in Van Buren's dominant retail area.
      10-46 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Cloverleaf Plaza

      Retail space available in Van Buren's dominant retail area.
      210-280 Cloverleaf Plz, Van Buren, AR 72956
      View Details
    • $9 SF/Yr
      4,560 SF

      Van Buren Office Space - I-40 Access

      Single-tenant office, 4,560 sq ft, prime location.
      601 Pointer Trl, Van Buren, AR 72956
      View Details
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    624 Main St
    Van Buren, AR 72956-5112
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    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
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