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    Property profile & analytics

    8298 Hwy 1st S Lexa, AR 72355-8622

    • Turn key restaurants
    • 1,759 SF
    • 0.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US05-1755874
    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

    • Turn key restaurants

    Property Details for 8298 Hwy 1st S

    Lot size
    0.71 lot acres
    Property size
    1,759 SF
    Property type
    Turn key restaurants
    APN
    01-01493
    APU
    101493

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexa
    County
    Lee
    State
    Arkansas
    Longitude
    -90.7683
    Latitude
    34.657

    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
    $143
    $700
    $3,190
    $3,890
    -
    $3,500
    $15,950
    $19,450

    Comparable in this City

    • Value Estimation by Request
      1,770 SF

      5322 Hwy 49

      RESTAURANT • 1,770 SF
      5322 Hwy 49, Lexa, AR 72355-8458
      View Details
    • Value Estimation by Request
      8,080 SF

      2344 Hwy 49

      RESTAURANT • 8,080 SF
      2344 Hwy 49, Lexa, AR 72355-8402
      View Details
    • Value Estimation by Request
      1,680 SF

      3136 Hwy 49

      RESTAURANT • 1,680 SF
      3136 Hwy 49, Lexa, AR 72355-8457
      View Details
    • Value Estimation by Request
      1,500 SF

      8326 Hwy 1st S

      AUTO REPAIR, GARAGE • 1,500 SF
      8326 Hwy 1st S, Lexa, AR 72355-8624
      View Details
    • Value Estimation
      $60,000
      1,800 SF

      73 Hwy 1st N

      GROCERY, SUPERMARKET • 1,800 SF
      73 Hwy 1st N, Lexa, AR 72355-9088
      View Details
    • Value Estimation
      $1,420,000
      3,482 SF

      Bartons Conoco Ba

      CONVENIENCE STORE • 3,482 SF
      Bartons Conoco Ba, Lexa, AR 72355
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.32 Acres

      Rondo, Arkansas Land Lot

      0.32 acre lot in Rondo, Arkansas, manufactured homes allowed.
      9-10 W 1St St, Lexa, AR 72355
      View Details
    • Contact for pricing
      0.32 Acres

      Residential Lot in Rondo, AR

      0.32 acre residential lot in Rondo, Arkansas. Owner financing.
      9-10 W 1St St, Lexa, AR 72355
      View Details
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    8298 Hwy 1st S
    Lexa, AR 72355-8622
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    Realmo Value Estimation

    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.

    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.

    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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