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    141 School Street Bono, AR 72416

    View on Map
    For Sale
    $225,000

    PKG Single Family - Bono, AR

    Lot size:
    0.88 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    152
    Last Refresh:
    Apr 4 at 7:06 pm

    Property Features for 141 School Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.88 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Floors in Building
    1
    Number of units
    14
    Flooring type
    Other
    Building materials
    Other, See Remarks
    Roof type
    Other, See Remarks
    Architectural style
    Other

    We can help!

    Listing Contact
    Chase Copeland
    Chase Copeland

    Listing agent Chase Copeland

    Listing office Coldwell Banker Village Communities 2704 S. Culberhouse, Jonesboro, AR

    Listing date Nov 3, 2025

    MLS# 25045482 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.

    Overview

    Mobile Home Park with Homes

    This property features 10 spaces, including 9 park-owned homes. There is 1 vacant pad available, which can be rented as a lot or used for an additional park-owned home to increase income potential. The property is serviced by city water and sewer through one master meter, with tenants responsible for all other utilities. An additional adjoining one-acre lot is available for purchase at an added cost. This lot includes a 50' x 30' shop, offering excellent potential for storage, maintenance, or additional income opportunities. The property is located in Bono, Arkansas, and has a lot size of 0.88 acres.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bono
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.803413
    Latitude
    35.907231

    Nearby Similar for Sale

    • $1,400,000
      20,000 SF

      Retail/Distribution Building on Highway 63

      20,000 SF retail/distribution building on 1.18 acres.
      10186 Hwy 63 N Highway, Bono, AR 72416
      View Details
    • $225,000
      2,000 SF

      Bono, AR Manufactured Home Park

      Manufactured home park with 10 spaces and income potential.
      141 School Street, Bono, AR 72416-9800
      View Details
    • $225,000

      Mobile Home Park with Expansion

      Mobile home park with 8 park-owned homes and expansion potential.
      141 School St 102 Ash Bono, AR 72416
      View Details
    • $149,900
      1,075 SF

      1,075 SF Updated Commercial Space For Sale

      Updated commercial space in Bono, previously used as Air BnB.
      200 N Main, Bono, AR 72416
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Mobile home park featuring 9 park-owned homes and one vacant pad.
    Where is this mobile home & rv park located?
    The property is located at 141 School Street Bono, AR.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Income potential from 9 park‑owned homes and 1 vacant pad.; Opportunity to increase income by adding a park‑owned home to the vacant pad.; Additional adjoining one‑acre lot available for purchase.
    (870) 819-6395
    We can help!
    Listing Contact
    Chase Copeland
    Chase Copeland
    Real Estate License ID: SA00095147
    Learn More
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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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