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

    703 23rd St Van Buren, AR 72956

    • Warehouses
    • 30,000 SF
    • 4.24 lot acres
    OFF-MARKET
    Value Estimations
    $645,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1106417
    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

    • Warehouses

    Property Details for 703 23rd St

    Year built
    1975
    Lot size
    4.24 lot acres
    Property size
    30,000 SF
    Property type
    Warehouses
    APN
    700-07186-000-C
    APU
    70007186000C

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $772,000
      Market price range: $772k - $1.79M
      AI Estimate
      $652,000
      Market price range: $653k - $1.82M

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

    Location Insight

    • Map
    • Local Demand
    City
    Van Buren
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.3366
    Latitude
    35.4259
    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
    $2,451
    $20,960
    $44,080
    $65,040
    -
    $104,800
    $220,400
    $325,200

    Comparable in this City

    • Value Estimation
      $295,000
      3,200 SF

      418 Madison

      WAREHOUSE, STORAGE • 3,200 SF
      418 Madison, Van Buren, AR 72956-8974
      View Details
    • Value Estimation
      $295,000
      3,300 SF

      815 Mckinney St

      WAREHOUSE, STORAGE • 3,300 SF
      815 Mckinney St, Van Buren, AR 72956-4346
      View Details
    • Value Estimation
      $195,000
      4,400 SF

      506 26th St

      WAREHOUSE, STORAGE • 4,400 SF
      506 26th St, Van Buren, AR 72956-3879
      View Details
    • Value Estimation
      $195,000
      4,000 SF

      2606 4th St

      WAREHOUSE, STORAGE • 4,000 SF
      2606 4th St, Van Buren, AR 72956-6023
      View Details
    • Value Estimation
      $245,000
      1,294 SF

      107 7th St

      WAREHOUSE, STORAGE • 1,294 SF
      107 7th St, Van Buren, AR 72956
      View Details
    • Value Estimation
      $200,000
      7,200 SF

      59 Park Rd

      WAREHOUSE, STORAGE • 7,200 SF
      59 Park Rd, Van Buren, AR 72956
      View Details

    Similar Nearby for Sale

    • $715,000
      8,008 SF

      Remodeled Warehouse with Office Space

      Remodeled commercial building with office and warehouse space in Van Buren.
      100 N 11Th St, Van Buren, AR 72956
      View Details
    • $1,495,000
      10,624 SF

      Van Buren Warehouse - Investment Opportunity

      Spacious Warehouse, Excellent Location, High Ceilings
      3010 Industrial Park Rd, Van Buren, AR 72956
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    • $169,000
      0.53 Acres

      Van Buren Commercial Property

      Versatile Auto Shop & Warehouse
      6008 Alma Hwy, Van Buren, AR 72956
      View Details
    • Contact for pricing
      4,000 SF

      Van Buren Warehouse with Office

      4,000 SF warehouse with renovated office space for sale.
      1820 28Th St, Van Buren, AR 72956
      View Details
    • $715,000
      8,008 SF

      Remodeled Warehouse with Office Space

      Remodeled commercial building with office and warehouse space in Van Buren.
      100 N 11Th St, 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

    • $6 SF/Yr
      28,000 SF

      Industrial Space with Rail Access

      28,000 SF warehouse/manufacturing space with ample storage.
      1024 S 25Th St, 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
    • 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

      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
    • $15 SF/Yr
      9,661 SF

      Medical Office Space Available

      Sublease opportunity in Van Buren's medical corridor.
      2010 Chestnut St, Van Buren, AR 72956
      View Details
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    703 23rd St
    Van Buren, AR 72956
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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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