Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    915 Main St Jacksonville, AR 72076-4025
    Back to Search
    Property profile & analytics

    915 Main St Jacksonville, AR 72076-4025

    View on Map
    • Community centers
    • 37,982 SF
    • 2.48 lot acres
    Off-Market
    Property ID
    US05-0523953
    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
    $3,335,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Discount Bins / Discount Store

    Property Details for 915 Main St

    Year built
    1965
    Lot size
    2.48 lot acres
    Property size
    37,982 SF
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    12J-041-00-072-00
    APU
    12J0410007200

    Description

    Jacksonville Plaza, a prime retail investment opportunity, presents a 37,862-square-foot shopping center located at 915 West Main Street, Jacksonville, Arkansas 72076. This single-story, 1965-built property sits on a 2.48-acre lot and boasts a strong 100% occupancy rate with seven tenants under a triple-net (NNN) lease structure. The property generates a substantial net operating income (NOI) of $241,395, yielding a compelling 9.68% capitalization rate. Strategically positioned at a signalized intersection on a major Jacksonville arterial, with convenient access to Highway 67/167, the center benefits from high visibility and ample parking. Prominent pylon signage on Main Street further enhances its marketing potential. This core investment presents a stable and attractive return for discerning investors seeking a well-established, fully occupied retail asset in a thriving Arkansas market. The property's strong tenant mix and location contribute to its consistent performance and long-term growth prospects. The asking price is $2,495,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,436,000
      Market price range: $1.12M - $4.89M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,995,000
      Current use
      RETAIL STORES
      $5,010,000
      Change: +67% Conversion: Easy
      OFFICE BUILDING
      $3,990,000
      Change: +33% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,845,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.1196
    Latitude
    34.8666
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR 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
    2024
    $17,919
    $126,324
    $304,076
    $430,400
    -
    $631,620
    $1,520,380
    $2,152,000

    Comparable in this City

    • Value Estimation
      $7,165,000
      80,130 SF

      103 Gregory Pl

      MINI-MALL • 80,130 SF
      103 Gregory Pl, Jacksonville, AR 72076-3211
      View Details
    • Value Estimation by Request
      4,440 SF

      420 Main St

      SHOPPING CENTER, STRIP CENTER • 4,440 SF
      420 Main St, Jacksonville, AR 72076-4509
      View Details
    • Value Estimation by Request
      13,200 SF

      1800 Hwy 161

      SHOPPING CENTER, STRIP CENTER • 13,200 SF
      1800 Hwy 161, Jacksonville, AR 72076
      View Details
    • Value Estimation by Request
      25,200 SF

      428 James St

      WHOLESALE OUTLET, DISCOUNT STORE • 25,200 SF
      428 James St, Jacksonville, AR 72076-4318
      View Details
    • Value Estimation by Request
      10,716 SF

      2070 John Harden Dr

      SHOPPING CENTER, STRIP CENTER • 10,716 SF
      2070 John Harden Dr, Jacksonville, AR 72076-2730
      View Details
    • Value Estimation by Request
      5,151 SF

      1910 Marshall Rd

      SHOPPING CENTER, STRIP CENTER • 5,151 SF
      1910 Marshall Rd, Jacksonville, AR 72076-2374
      View Details

    Similar Nearby for Sale

    • $2,499,000
      37,862 SF

      Retail Space on West Main

      Retail property for lease with pylon signage and high traffic.
      905-925 W Main St, Jacksonville, AR 72076
      View Details
    • $599,000
      11,000 SF

      Established Commercial Opportunity in Jacksonville

      Long-standing feed and hardware store with additional lawn shop.
      9240 Jacksonville Conway Rd, Jacksonville, AR 72076
      View Details
    • $744,000
      6,215 SF

      Jacksonville Commercial Property with Restaurant

      Medical office and drive-through restaurant on 0.92 acres.
      1010 W Main St, Jacksonville, AR 72076
      View Details
    • $2,500,000
      3,606 SF

      Retail Building on Walmart Outparcel

      3,606 SF retail building with drive-thru and I-57 frontage.
      1900 John Harden Dr, Jacksonville, AR 72076
      View Details
    • $175,000
      3,300 SF

      Turnkey Commercial Property in Jacksonville

      Established commercial property with versatile space and C2 zoning.
      201 E Center St, Jacksonville, AR 72076
      View Details
    • $480,000

      Restaurant Building on Main Street

      Restaurant building in high-traffic area with ample parking.
      1524 W Main St, Jacksonville, AR 72076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Shopping Center Space Available

      Retail and office spaces for rent in Jacksonville Crossing.
      2126 N 1St St, Jacksonville, AR 72076
      View Details
    • Contact for pricing
      101,000 SF

      Retail Space with High Visibility

      Former retail spaces available with excellent visibility and ample parking.
      612 North Jp Wright Loop Rd, Jacksonville, AR 72076
      View Details
    • $9 SF/Yr
      2,520 SF

      Retail Space in Gregory Place

      Retail space available in a shopping center, near Kroger.
      1309 T P White Dr, Jacksonville, AR 72076
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Walmart Shadow

      Retail space available in Jacksonville near universities.
      2050 John Harden Dr, Jacksonville, AR 72076
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space in Walmart Shadow

      Retail space available in Jacksonville Plaza near primary retail corridor.
      2070 John Harden Dr, Jacksonville, AR 72076
      View Details
    • Contact for pricing
      1,200 SF

      Jacksonville Auto Shop For Rent

      Auto shop with two-bay garage and fenced lot available for rent.
      417 West Main St, Jacksonville, AR 72076
      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 Main St
    Jacksonville, AR 72076-4025
    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

    Thank You for Inquiry
    915 Main St, Jacksonville, AR, 72076
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!