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    The Largest CRE Database in the US with Over 1 Million Listings

    101 Songer Ln Pearcy, AR 71964

    Sponsored
    For Sale
    $349,900

    Acreage - Pearcy, AR

    Lot size:
    3.00 Acres
    Days on Market:
    176
    Last Refresh:
    Jan 23 at 6:06 pm

    Property Features for 101 Songer Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tambra Lucas
    Tambra Lucas

    Hot Springs Realty (501) 525-4178

    Listing agent Tambra Lucas (501) 525-4178

    Listing date Aug 1, 2025

    MLS# 25029619 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Land Near Lake Hamilton

    This 3-acre land parcel is located near Sunshine Road, offering potential for various uses. Situated within walking distance of Lake Hamilton School and behind a Circle K, the property provides visibility without the expense of a main highway location. It is also near a new Dollar store and health club. A building pad is already in place, suitable for constructing a large shop or metal building. The property includes an existing house built in 1940 featuring a wood interior; the seller prefers the house not be demolished and is willing to move it if desired. A small wet-weather creek is also located on the property. City water is available, and a septic system will be required for building. Buyers are responsible for obtaining commercial zoning. The property offers access to various areas and presents opportunities for business development or residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pearcy
    County
    Garland
    State
    Arkansas
    Longitude
    -93.211842
    Latitude
    34.449501

    Nearby Similar for Sale

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      7,860 SF

      Versatile Property with Historic Charm

      Farmhouse, shops, storage, and historic grocery on 2 acres.
      3669 Amity Rd, Pearcy, AR 71964
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    • $927,450
      9,100 SF

      Dollar General NNN Investment Opportunity

      NNN Dollar General in Pearcy, AR, built in 2015.
      6135 Airport Rd, Pearcy, AR 71964
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    FAQs

    What type of property is this?
    Land - 3-acre land parcel with business potential near Lake Hamilton.
    Where is this land located?
    The property is located at 101 Songer Ln Pearcy, AR.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Prime location near Sunshine Rd and Lake Hamilton School; - High visibility for potential business ventures; - Pre-existing building pad ready for construction
    (501) 538-9722
    Request Owner's contact information
    101 Songer Ln Pearcy, AR 71964
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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
    101 Songer Ln Pearcy, AR 71964
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    We can help!
    Listing Contact
    Tambra Lucas
    Tambra Lucas
    Real Estate License ID: SA00061712
    (501) 538-9722
    Learn more
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