Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    915 Elmira Ave Russellville, AR 72802-9640

    • Office buildings
    • 226,225 SF
    • 27.89 lot acres
    OFF-MARKET
    Value Estimations
    $6,780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0593528
    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

    • Taber Extrusions L.L.C. / Building Supply / Mill

    Property Details for 915 Elmira Ave

    Year built
    1993
    Lot size
    27.89 lot acres
    Property size
    226,225 SF
    Property type
    Office buildings
    APN
    858-00047-001I
    APU
    85800047001I

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $8,286,000
      Market price range: $8.29M - $21.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.0997
    Latitude
    35.2699
    CBSA code
    40780
    CBSA name
    RUSSELLVILLE, AR MICROPOLITAN 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
    2024
    $38,085
    $55,780
    $770,360
    $826,140
    -
    $278,900
    $3,851,800
    $4,130,700

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      3010 Bernice Ave

      OFFICE BUILDING • 5,000 SF
      3010 Bernice Ave, Russellville, AR 72802-8439
      View Details
    • Value Estimation by Request
      1,680 SF

      206 Furniture Rd

      OFFICE BUILDING • 1,680 SF
      206 Furniture Rd, Russellville, AR 72802-1577
      View Details
    • Value Estimation by Request
      5,000 SF

      1216 14th St

      OFFICE BUILDING • 5,000 SF
      1216 14th St, Russellville, AR 72802-6469
      View Details
    • Value Estimation by Request
      1,512 SF

      3209 Arkansas Ave

      OFFICE BUILDING • 1,512 SF
      3209 Arkansas Ave, Russellville, AR 72802
      View Details
    • Value Estimation
      $545,000
      7,000 SF

      409 Elmira Ave

      OFFICE BUILDING • 7,000 SF
      409 Elmira Ave, Russellville, AR 72802-9624
      View Details
    • Value Estimation by Request
      784 SF

      3208 Arkansas Ave

      OFFICE BUILDING • 784 SF
      3208 Arkansas Ave, Russellville, AR 72802-8001
      View Details

    Similar Nearby for Sale

    • $5,041,000

      New Office/Industrial Facility For Sale

      Newly constructed 34,765 SF office/industrial facility in Russellville, Arkansas.
      340 N Shamrock Blvd, Russellville, AR 72802
      View Details
    • $300,000
      2,250 SF

      Commercial Building with Warehouse

      Spacious commercial building with warehouse in Russellville, Arkansas.
      120 S Cumberland Ave, Russellville, AR 72802
      View Details
    • $149,900
      2,046 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with high visibility and strong traffic counts.
      5187 Ar-7, Russellville, AR 72802
      View Details
    • $149,900
      2,046 SF

      Versatile Commercial Building on Highway 7

      Adaptable 2,046 sqft building ideal for diverse business uses.
      5187 N Arkansas Ave, Russellville, AR 72802
      View Details
    • $219,000
      0.91 Acres

      Russellville Commercial Land - $219K

      Prime C-2 zoned lot, high visibility.
      25 C St, Russellville, AR 72802
      View Details
    • $299,000
      3.26 Acres

      Prime Commercial Land Available

      3.26 acres with I-40 frontage and high visibility.
      301 Crow Mountain Rd, Russellville, AR 72802
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,525 SF

      Retail Space For Lease

      Retail spaces and pad sites available for lease in Russellville.
      3053-3093 E Main St, Russellville, AR 72802
      View Details
    • $18 SF/Yr

      Freestanding Restaurant Property For Rent

      Freestanding restaurant property with high visibility and accessibility.
      115 E Harrell Dr, Russellville, AR 72802
      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.
    915 Elmira Ave
    Russellville, AR 72802-9640
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!