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    For Sale (37)

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    Mena, AR Wooded Acres
    $65,000
    10.00 Acres

    Mena, AR Wooded Acres

    10 wooded acres with mountain views near National Forest.

    345 Polk Road 301, Mena, AR 71953
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    Mena, AR Vacant Land
    $195,000
    16.00 Acres

    Mena, AR Vacant Land

    16-acre vacant land with utilities, RV, and hunting potential.

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

    Skandia Land on US-41

    19.5 acres in Skandia, great access, hunting opportunities.

    10098 Us 41 Hwy, Skandia, MI 49885
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    Victorian Home in Marquette's Heart
    $425,000
    1,639 SF

    Victorian Home in Marquette's Heart

    Charming Victorian home near Village District, potential for income.

    339 W Park St, Marquette, MI 49855
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    Commercial Building with Living Quarters
    $599,900
    1,962 SF

    Commercial Building with Living Quarters

    Commercial building with living space in Marquette, Michigan.

    521 W Washington St, Marquette, MI 49855
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    Prime Commercial Land in Gwinn
    $2,000,000
    40.00 Acres

    Prime Commercial Land in Gwinn

    40-acre commercial site ideal for retail or mixed-use development.

    M-553 S Hwy, Gwinn, MI 49841
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    Land Near National Forest
    $69,000
    5.10 Acres

    Land Near National Forest

    5.1 acres near Fourche Mountain Staging Area.

    7449 Highway 270, Boles, AR 72926
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    Scenic Land in Gated Community
    $64,930
    3.02 Acres

    Scenic Land in Gated Community

    Vacant lot in 55+ community with mountain views.

    19 Avalon Lk Ln, Mena, AR 71953
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    Industrial Land in Iron Mountain
    $75,000
    1.10 Acres

    Industrial Land in Iron Mountain

    Vacant industrial land with high visibility and easy access.

    222 N Merritt Ave, Iron Mountain, MI 49801
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    Commercial Building with Highway Frontage
    $150,000
    3,200 SF

    Commercial Building with Highway Frontage

    Versatile commercial building with laundromat and office spaces for sale.

    5569 Highway 71 S, Cove, AR 71937
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    Established Grocery and Gas Business
    $750,000
    4,103 SF

    Established Grocery and Gas Business

    Turnkey grocery and gas business opportunity in Rock, Michigan.

    3963 W Maple Ridge 37Th Rd, Rock, MI 49880
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    Scenic Land in Gated Community
    $65,120
    3.52 Acres

    Scenic Land in Gated Community

    Vacant lot in 55+ community with mountain views.

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

    Charming Farmette with Income Potential

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

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

    Hatfield, Arkansas Mobile Home Park

    10-acre mobile home park with development potential near city.

    112 Breezy Ln, Hatfield, AR 71945
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    Secluded Land with Stocked Pond
    $50,000
    4.62 Acres

    Secluded Land with Stocked Pond

    4.6-acre wooded parcel with pond near Ouachita National Forest.

    10845 Eastwood Ln, Parks, AR 72950
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    Charming Marquette Multifamily Opportunity
    $425,000
    1,639 SF

    Charming Marquette Multifamily Opportunity

    Victorian home near Village District, ideal for investment or residence.

    339 W Park St, Marquette, MI 49855
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    Mena, AR 6-Acre Land
    $135,000
    6.03 Acres

    Mena, AR 6-Acre Land

    6-acre tract inside city limits with utilities in place.

    209 Finks St, Mena, AR 71953
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    29.56 Acres of Rural Paradise
    $266,040
    29.56 Acres

    29.56 Acres of Rural Paradise

    Pristine land with pasture, ponds, and panoramic views.

    Polk Road 199, Mena, AR 71953
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    80 Acres with Greenhouse and Creek
    $185,000
    80.00 Acres

    80 Acres with Greenhouse and Creek

    Prime Upper Peninsula land with greenhouse, solar power, and creek.

    E3985 E 23Rd Rd, Chatham, MI 49816
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    Prime Commercial Land in Gwinn
    $3,899,500
    77.99 Acres

    Prime Commercial Land in Gwinn

    77.99 acre commercial site suited for various developments.

    M-553 S Hwy, Gwinn, MI 49841
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    Corner Lot in Mena, AR
    Contact for pricing
    0.28 Acres

    Corner Lot in Mena, AR

    Residential lot suitable for development in Mena, Arkansas.

    Cole & Reine, Mena, AR 71953
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    Mena, AR Wooded Acreage
    $110,000
    10.66 Acres

    Mena, AR Wooded Acreage

    Secluded 10.66 acres near Mena, AR with hunting cabin.

    301 Chaparral Ln, Mena, AR 71953
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    Scenic Land in Gated Community
    $60,060
    3.64 Acres

    Scenic Land in Gated Community

    Vacant lot in 55+ community with mountain views.

    2B Avalon Lk Ln, Mena, AR 71953
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    Scenic Lot in Gated Community
    $55,685
    3.01 Acres

    Scenic Lot in Gated Community

    Vacant lot in a 55+ gated 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

    Move-in-ready commercial property on a busy highway near Caddo River.

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

    Land in Marquette, MI

    Prime location building site with a view of the city.

    301 Garfield Ave, Marquette, MI 49855
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    Marquette 5-Plex Income Opportunity
    $525,000
    4,258 SF

    Marquette 5-Plex Income Opportunity

    Five-unit apartment building near downtown Marquette.

    421 N Front St, Marquette, MI 49855
    View details
    120 Acres Near Gwinn, MI
    $160,000
    120.00 Acres

    120 Acres Near Gwinn, MI

    120 acres near Gwinn, MI adjoining state lands.

    EEB/Pohlman Co Rd, Gwinn, MI 49841
    View details
    Residential Lots in Mena, AR
    $33,900
    1.24 Acres

    Residential Lots in Mena, AR

    Three vacant lots for residential construction in Mena, Arkansas.

    Redoak Dr, Mena, AR 71953
    View details
    Gwinn Commercial Investment Opportunity
    $399,000
    18,674 SF

    Gwinn Commercial Investment Opportunity

    18,000+ sq ft commercial property in Marquette County, Michigan.

    420 5Th St, Gwinn, MI 49841
    View details
    Scenic Land with Mountain Views
    $65,575
    3.05 Acres

    Scenic Land with Mountain Views

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

    18 Avalon Lk Ln, Mena, AR 71953
    View details
    Gwinn, MI Commercial Opportunity
    $199,000
    9,562 SF

    Gwinn, MI Commercial Opportunity

    9562 sq ft office/retail space with ample parking.

    407 1St St, Gwinn, MI 49841
    View details
    Former Store in Little Lake
    $145,000
    3,417 SF

    Former Store in Little Lake

    Former store with highway frontage in Little Lake, Michigan.

    1673 E M-35 Hwy, Gwinn, MI 49841
    View details
    280 Acres Vacant Land Marquette
    $399,999
    280.00 Acres

    280 Acres Vacant Land Marquette

    280 acres of vacant land near Lake Superior.

    M28 M 28 E, Marquette, MI 49855
    View details
    Marquette Commercial Investment Opportunity
    $325,000
    2,408 SF

    Marquette Commercial Investment Opportunity

    Prime commercial building on high-traffic corridor with strong rental history.

    1104 Washington St, Marquette, MI 49855
    View details
    62 Acres of Scenic Land
    $558,000
    62.00 Acres

    62 Acres of Scenic Land

    Picturesque rolling hills with mountain views and water features.

    62 Acres Polk Rd 85, Mena, AR 71953
    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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