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    704 College St Mountain Home, AR 72653
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    704 College St Mountain Home, AR 72653

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    • Commercial real estate
    Off-Market
    Property ID
    US05-1548150
    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

    • Commercial real estate

    Property Details for 704 College St

    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 704 S College Street in Mountain Home, Arkansas, presents a unique investment opportunity. Priced at $249,900, this special-purpose property boasts over 2,000 square feet of completely remodeled office space, ideal for a variety of professional uses, including medical, legal, or retail businesses. The building features six rooms, two full baths, and a full kitchen, offering ample space for operations and staff. Its layout includes large, open rooms that can be easily partitioned to suit individual needs, along with two convenient entrances. A carport provides covered parking, and a substantial 20x20 storage building offers additional storage capacity. The property sits on a large corner lot, providing plenty of parking for clients and employees. Its prime location on College Street ensures high visibility, with an estimated 9,000 cars passing daily, maximizing exposure to potential customers. The proximity to the courthouse and other legal and business offices further enhances its appeal and convenience. This turnkey property is ready for immediate occupancy and represents a strong investment in a thriving Arkansas community. The zip code is 72653.

    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
    Mountain Home
    County
    BAXTER
    State
    Arkansas
    Longitude
    -92.3809906
    Latitude
    36.3344609

    Comparable in this City

    • New
      $224,900
      7,500 SF

      Mountain Home Commercial Opportunity

      7,500 sq ft commercial building on main highway.
      2169 Highway 62 W, Mountain Home, AR 72653
      View Details
    • Contact for pricing
      0.20 Acres

      Briarcliff Land For Sale

      Undeveloped 0.20 acre lot, ready for construction.
      010-00329-000, Mountain Home, AR 72653
      View Details
    • $38,000
      1.21 Acres

      Land Near Bull Shoals Lake

      1.21 acre lot near Bull Shoals Lake.
      397-00001-005 Burggraf Trl, Mountain Home, AR 72653
      View Details
    • $49,000
      7.24 Acres

      Mountain Home Acreage on CR 15

      7.24-acre property near Bull Shoals Lake, perfect for recreation.
      11 County Road 15, Mountain Home, AR 72653
      View Details
    • Contact for pricing
      0.43 Acres

      Cleared Land Near Lake Norfork

      0.43 acre lot, ready for weekend cabin near marina.
      002-07477-000 Miller Dr, Henderson, AR 72653
      View Details
    • $149,900
      20.00 Acres

      20 Acres with Two Ponds

      Land with ponds, cleared areas, and Corps of Engineers border.
      Mccracken Ridge Rd, Mountain Home, AR 72653
      View Details

    Similar Nearby for Sale

    • New
      $224,900
      7,500 SF

      Mountain Home Commercial Opportunity

      7,500 sq ft commercial building on main highway.
      2169 Highway 62 W, Mountain Home, AR 72653
      View Details
    • Contact for pricing
      0.20 Acres

      Briarcliff Land For Sale

      Undeveloped 0.20 acre lot, ready for construction.
      010-00329-000, Mountain Home, AR 72653
      View Details
    • $38,000
      1.21 Acres

      Land Near Bull Shoals Lake

      1.21 acre lot near Bull Shoals Lake.
      397-00001-005 Burggraf Trl, Mountain Home, AR 72653
      View Details
    • $49,000
      7.24 Acres

      Mountain Home Acreage on CR 15

      7.24-acre property near Bull Shoals Lake, perfect for recreation.
      11 County Road 15, Mountain Home, AR 72653
      View Details
    • Contact for pricing
      0.43 Acres

      Cleared Land Near Lake Norfork

      0.43 acre lot, ready for weekend cabin near marina.
      002-07477-000 Miller Dr, Henderson, AR 72653
      View Details
    • $149,900
      20.00 Acres

      20 Acres with Two Ponds

      Land with ponds, cleared areas, and Corps of Engineers border.
      Mccracken Ridge Rd, Mountain Home, AR 72653
      View Details

    Similar Nearby for Lease

    • New
      $3,000 /Mo
      2,000 SF

      Retail Space in Mountain Home

      Retail space available for lease in Mountain Home, Arkansas.
      209 E Wade Ave, Mountain Home, AR 72653
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1012 Highway 62 E, Mountain Home, AR 72653
      View Details
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    704 College St
    Mountain Home, AR 72653
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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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