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    For Sale (35)

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    Mena Vacant Land with RV
    $195,000
    16.00 Acres

    Mena Vacant Land with RV

    16-acre parcel with utilities, RV, and creek near Iron Mountain.

    4021 Highway 71 S, Mena, AR 71953
    View details
    Skandia Land on US-41
    $65,000
    19.50 Acres

    Skandia Land on US-41

    19.5 acres of wooded land in Skandia, Michigan.

    10098 Us 41, Skandia, MI 49885
    View details
    Commercial Building with Living Quarters
    $624,900
    1,962 SF

    Commercial Building with Living Quarters

    Commercial building with living quarters in a prime location.

    521 W Washington St, Marquette, MI 49855
    View details
    Mena, AR Commercial Building
    $693,000
    1,920 SF

    Mena, AR Commercial Building

    Commercial building with excellent features in a high-visibility location.

    701 S Morrow St, Mena, AR 71953
    View details
    29.56 Acres in Polk County
    $266,040
    29.56 Acres

    29.56 Acres in Polk County

    29.56-acre parcel with pasture, ponds, and storm shelter.

    Tbd Polk Rd 199, Mena, AR 71953
    View details
    Acreage Near National Forest
    $69,000
    5.10 Acres

    Acreage Near National Forest

    5.1 acres near Fourche Mountain Staging Area.

    7449 Highway 270, Boles, AR 72926
    View details
    Secluded Wooded Parcel with Hookup
    $70,000
    10.36 Acres

    Secluded Wooded Parcel with Hookup

    10.36-acre wooded parcel with electric hookup in Boles, AR.

    1 Kulp Rd, Boles, AR 72926
    View details
    Iron Mountain Vacant Industrial Land
    $75,000
    1.10 Acres

    Iron Mountain Vacant Industrial Land

    Prime vacant industrial land in the heart of Iron Mountain.

    222 N Merritt Ave, Iron Mountain, MI 49801
    View details
    Commercial Vacant Lot on Highway
    $49,900
    0.77 Acres

    Commercial Vacant Lot on Highway

    Commercial vacant land with highway frontage in Little Lake, MI.

    1687 E M35, Little Lake, MI 49833
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    Highway Frontage Commercial Building in Cove
    $150,000
    3,200 SF

    Highway Frontage Commercial Building in Cove

    Versatile commercial building with laundry and office space.

    5569 Highway 71 South, Cove, AR 71937
    View details
    L'Anse Vacant Land by River
    $89,500
    11.69 Acres

    L'Anse Vacant Land by River

    11.69 acre lot with 446' frontage on Falls River.

    Parcels A B C Off Salmon, L' Anse, MI 49946
    View details
    Scenic Lot in Gated Community
    $65,120
    3.52 Acres

    Scenic Lot in Gated Community

    Residential lot in a 55+ gated community with lake access.

    2A Avalon Lk Ln, Mena, AR 71953
    View details
    Charming Farmette with Income Potential
    $347,000
    3,756 SF

    Charming Farmette with Income Potential

    Multi-family farmette on 7 acres with spring-fed creek.

    103 Pine Hollow Ln, Mena, AR 71953
    View details
    Hatfield, Arkansas Mobile Home Park
    $349,000
    800 SF

    Hatfield, Arkansas Mobile Home Park

    10-acre mobile home park with income potential.

    112 Breezy Ln, Hatfield, AR 71945
    View details
    Residential Lots in Mena, Arkansas
    $37,500
    1.24 Acres

    Residential Lots in Mena, Arkansas

    Three residential lots for building a dream home in Mena.

    76-78 Redoak Dr, Mena, AR 71953
    View details
    4.6 Acres with Stocked Pond
    $50,000
    4.62 Acres

    4.6 Acres with Stocked Pond

    Wooded 4.6-acre parcel with pond, ideal for recreation.

    10845 Eastwood Ln, Parks, AR 72950
    View details
    Scenic Lot in Gated Community
    $64,930
    3.02 Acres

    Scenic Lot in Gated Community

    3.02 acre lot in 55+ gated community.

    19 Avalon Lk Ln, Mena, AR 71953
    View details
    Mena Acreage with Highway Frontage
    $140,000
    6.03 Acres

    Mena Acreage with Highway Frontage

    6-acre tract with utilities, ideal for development or residence.

    209 Finks St, Mena, AR 71953
    View details
    Marquette Mixed-Use Property on Acreage
    $369,900
    1,626 SF

    Marquette Mixed-Use Property on Acreage

    Mixed-use property on 1.07 acres, zoned for development.

    825 Brookton Rd, Marquette, MI 49855
    View details
    Spacious Princeton Acres Land Parcel
    Contact for pricing
    1.36 Acres

    Spacious Princeton Acres Land Parcel

    1.36-acre homesite in Princeton Acres, ready for custom build.

    826/830 W Kimberly St, Gwinn, MI 49841
    View details
    Corner Residential Lot in Mena
    Contact for pricing
    0.28 Acres

    Corner Residential Lot in Mena

    Corner lot suitable for residential development in Mena, Arkansas.

    Tbd Cole & Reine, Mena, AR 71953
    View details
    Mena Acreage with Hunting Cabin
    $110,000
    10.66 Acres

    Mena Acreage with Hunting Cabin

    10.66 acres near Mena with hunting cabin and creek.

    301 Chaparral Ln, Mena, AR 71953
    View details
    Downtown Marquette Turnkey Business Opportunity
    $889,000
    3,456 SF

    Downtown Marquette Turnkey Business Opportunity

    Profitable coffee shop with two apartments in downtown Marquette.

    223 W Washington St, Marquette, MI 49855
    View details
    Marquette 5-Plex Income Opportunity
    $569,000
    4,258 SF

    Marquette 5-Plex Income Opportunity

    Five-unit apartment building near downtown Marquette.

    421 N Front St, Marquette, MI 49855
    View details
    Mena, AR Commercial Opportunity
    $268,000
    2,368 SF

    Mena, AR Commercial Opportunity

    Well-known building with high visibility and multiple possibilities.

    305 Dallas Ave, Mena, AR 71953
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    Scenic Residential Lot in Mena
    $60,060
    3.64 Acres

    Scenic Residential Lot in Mena

    Vacant lot in a 55+ gated community.

    2B Avalon Lk Ln, Mena, AR 71953
    View details
    Established Grocery and Gas Business
    $750,000
    4,103 SF

    Established Grocery and Gas Business

    Turnkey business opportunity with multiple income streams in Rock, MI.

    3963 W Maple Ridge 37Th Rd, Rock, MI 49880
    View details
    Scenic Acreage with Mountain Views
    $558,000
    62.00 Acres

    Scenic Acreage with Mountain Views

    62 acres of rolling hills with mountain views near recreation.

    62 Acres Polk Rd 85, Mena, AR 71953
    View details
    Scenic Lot in Gated Community
    $55,685
    3.01 Acres

    Scenic Lot in Gated Community

    Vacant lot in 55+ community with mountain views.

    2C Avalon Lk Ln, Mena, AR 71953
    View details
    Turnkey Salon on Busy Highway
    $150,000
    504 SF

    Turnkey Salon on Busy Highway

    Commercial property on busy highway near Caddo River.

    216 E Main St, Norman, AR 71960
    View details
    Marquette Land with City View
    $224,000
    4.00 Acres

    Marquette Land with City View

    Vacant land in Marquette, MI, with city views.

    301 Garfield Ave, Marquette, MI 49855
    View details
    120 Acres Vacant Land, Gwinn
    $160,000
    120.00 Acres

    120 Acres Vacant Land, Gwinn

    120 acres near Gwinn, MI, bordering state land.

    EEB/Pohlman Tbd Co Rd, Gwinn, MI 49841
    View details
    Scenic Residential Lot with Views
    $65,575
    3.05 Acres

    Scenic Residential Lot with Views

    3.05 acre residential lot in a 55+ gated community.

    18 Avalon Lk Ln, Mena, AR 71953
    View details
    Former Store in Little Lake
    $155,000
    3,417 SF

    Former Store in Little Lake

    Former Brown's Store ready for new owners in Little Lake.

    1673 E M-35, Gwinn, MI 49841
    View details
    Prime Mena, AR Business Land
    $575,000
    4.00 Acres

    Prime Mena, AR Business Land

    Four-acre commercial lot, ideal for entrepreneurs. High-traffic location.

    4685 Highway 8, Mena, AR 71953
    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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