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Property profile & analytics
OFF-MARKET
Estimated value
$6,585,000
Outlet malls
916 Monroe Ave, Lowell, AR 72745-9683
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US05-0027126
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2018
Total area
39,832 SF
Lot
4.4 ac (191,664 SF)
APN
12-00229-048
UPID
US05-0027126
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Jakes Fireworks Discount Store Party Supply Store
-
Harps Pharmacy Pharmacy
-
UNIFY Financial Credit Union Loan Service Bank
-
Harps Food Stores Grocery & Convenience Store Food Market
-
Mitchell Padgett Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.97M
Comparable Approach
Comparable
$6.60M
Blend (final)
Blend
$6.59M
Owner & transaction history
Smith Properties LLC · 7 yrs held
Smith Properties LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.9M
+153.9%
Commercial (general)
$8.1M
+89.8%
Auto repair, garage
$8.0M
+86.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lowell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowell submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,550,000
6.5%
$6,970,000
7%
$6,475,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,290,000
Current use
MEDICAL BUILDING
$10,890,000
Change: +154% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,145,000
Change: +90% · Conversion: Easy
AUTO REPAIR, GARAGE
$7,990,000
Change: +86% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,145,000
Change: +67% · Conversion: Moderate
OFFICE BUILDING
$6,345,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$165 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,543
Tax year 2023
Assessed value
$1,044,040
Assessed 2023
Previous assessed
$1,044,040
+0.0% YoY
Effective rate
5.32%
On assessed value
Assessed land
$221,560
Assessed improvement
$822,480
Land market value
$1,107,800
Improvement market value
$4,112,400
Total market value
$5,220,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2018
Heating
NONE
Cooling
NONE
Stories
1
Total area
39,832 SF
Lot
4.4 ac (191,664 SF)
APN
12-00229-048
UPID
US05-0027126
Jurisdiction
BENTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$10.9M
COMMERCIAL (GENERAL)
Est. value
$8.1M
AUTO REPAIR, GARAGE
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.3M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
Smith Properties LLC
Entity
Mailing address
PO BOX 1060, TONTITOWN, AR 72770-1060
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2019
$6,503,000
Smith Properties LLC
Harps Food Stores INC
Grant Deed
$3,063,000 · Arvest Mtg
Jan 17, 2017
—
Harps Food Stores INC
—
Deed
related
$160,209,182 · Bank Of America
Sep 9, 2015
$2,100,000
Harps Food Stores INC
Fayetteville R/e & Dev LLC
Warranty Deed
—
Jan 27, 2006
$2,400,000
Ana Squared LLC
Combs W E Trust
Grant Deed
—
Dec 22, 2005
$2,400,000
Ana Squared LLC
Combs W E Trust
Warranty Deed
$2,000,000 · United Bank
—
—
Harps Food Stores INC
—
Loan Modification
related
$110,750,000 · Bank Of America
—
—
Harps Food Stores INC
—
Loan Modification
related
$160,209,182 · Bank Of America
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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