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    Property profile & analytics

    Mary Joyce Way, AR

    • Office buildings
    • 4,528 SF
    • 640.00 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2015714
    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

    • Office buildings

    Property Details

    Construction
    FRAME
    Lot size
    640.00 lot acres
    Property size
    4,528 SF
    Property type
    Office buildings
    APN
    001-05966-000
    APU
    105966000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mary Joyce Way
    County
    Phillips
    State
    Arkansas
    Longitude
    -90.848
    Latitude
    34.4283
    CBSA code
    25760
    CBSA name
    HELENA-WEST HELENA, 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
    2023
    $3,507
    $9,010
    $71,240
    $80,250
    -
    $45,050
    $356,200
    $401,250

    Comparable in this City

    • Value Estimation
      $215,000
      720 SF

      Highway

      OFFICE BUILDING • 720 SF
      Highway, 113, AR
      View Details
    • Value Estimation
      $300,000
      11,364 SF

      Arch St

      OFFICE BUILDING • 11,364 SF
      Arch St, Little Rock, AR
      View Details
    • Value Estimation
      $250,000
      924 SF

      John F Kennedy Blvd

      OFFICE BUILDING • 924 SF
      John F Kennedy Blvd, N Little Rock, AR
      View Details
    • Value Estimation
      $360,000
      10,432 SF

      65-165 Hwy, AR

      OFFICE BUILDING • 10,432 SF
      138, 65-165 Hwy, AR
      View Details
    • Value Estimation
      $230,000
      1,806 SF

      Hwy 161

      OFFICE BUILDING • 1,806 SF
      Hwy 161, Jacksonville, AR
      View Details
    • Value Estimation
      $295,000
      12,176 SF

      Highway

      OFFICE BUILDING • 12,176 SF
      Highway, 65, AR
      View Details

    Similar Nearby for Sale

    • $4,500,000
      18,239 SF

      Medical Office Park For Sale

      Multi-tenant medical office park with reputable tenants and highway access.
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    • $4,350,000
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      Medical and Office Buildings on Land

      Two buildings plus vacant land suitable for medical or office.
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    • $306,000
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      Freestanding Office/Retail Building For Sale

      Freestanding office/retail building with high visibility on John F Kennedy.
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    • $699,000

      Development Site Near Highway

      15.27-acre development site suitable for townhomes or senior living.
      Hwy 67/167 & Dakota Dr, Cabot, AR
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    • $862,488

      Land Available in Conway, AR

      Land for sale at 1000 Fannie Dr, Conway, AR.
      1000 Fannie Dr, Conway, AR
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    • $533,184

      Land For Sale Conway

      Land available for sale in Conway, Arkansas.
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    Similar Nearby for Lease

    • $12 SF/Yr
      34,214 SF

      Office Building with I-30 Visibility

      Two-story office building with quick I-30 access and parking.
      7200 I-30, Little Rock, AR
      View Details
    • Contact for pricing
      14,400 SF

      Class A Office Space Available

      Energy-efficient Class A office space with controlled access and security.
      102 Piper St, Hot Springs, AR
      View Details
    • $37 SF/Yr
      70,440 SF

      Rogers Office Space Available

      70,440 SF office space for lease in Rogers.
      3800 S Jb Hunt Dr, Rogers, AR
      View Details
    • $20 SF/Yr
      2,744 SF

      Rogers Office Space For Rent

      2744 square feet of office space available for rent.
      5504 Pinnacle Pt Dr, Rogers, AR
      View Details
    • $135,000
      1,399 SF

      Medical Office Space For Rent

      Located in Little Rock's medical corridor near I-630.
      1 St Vincent Cir, Little Rock, AR
      View Details
    • $33 SF/Yr
      3,816 SF

      Fayetteville Office Space For Rent

      Shell condition office space with 16' ceilings and large windows.
      2828 N Mansfield Ave, Fayetteville, AR
      View Details
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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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