Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    152 Forward Drive Lot 3 Harrison, AR 72601

    View on Map
    For Sale
    $250,000

    All Property - Harrison, AR

    Lot size:
    1.52 Acres
    Added:
    Mar 15, 2024
    Days on Market:
    753
    Last Refresh:
    Apr 6 at 7:06 pm

    Property Features for 152 Forward Drive Lot 3

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    Part of 825-01673-502c & 825-00046-001c
    Lot size
    1.52 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Roger Turner

    Listing agent Roger Turner

    Listing office Roger Turner Realty, Inc. 2391 Hwy 43 E, Harrison, AR

    Listing date Mar 15, 2024

    MLS# H148735 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land in Harrison, AR

    This 1.52-acre commercial land is a building site with road frontage on Forward Drive in Harrison, Arkansas. Utilities are available, including water, sewer, electric, and natural gas. The property is identified as Lot 3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Boone
    State
    Arkansas
    Longitude
    -93.131517
    Latitude
    36.2575269

    Nearby Similar for Sale

    • $524,999
      14,379 SF

      Historic Mixed-Use Redevelopment Opportunity

      Iconic 4-story building in Harrison's entertainment district.
      201 N Main Street, Harrison, AR 72601
      View Details
    • $550,000
      21,753 SF

      Historic Harrison Landmark Building

      Redevelopment opportunity in a recognizable downtown location.
      120 N Willow ST, Harrison, AR 72601
      View Details
    • $550,000
      21,753 SF

      Historic Downtown Landmark Building

      Redevelopment opportunity in Harrison, Arkansas with historic architectural character.
      120 N Willow Street, Harrison, AR 72601
      View Details
    • $524,999
      14,379 SF

      Historic Mixed-Use Redevelopment Opportunity

      Iconic 4-story building in Harrison's entertainment district.
      201 N Main ST, Harrison, AR 72601
      View Details
    • $5,000
      2,706 SF

      Turnkey Medical Office in Harrison

      Well-maintained 2,706 SF medical office near hospital.
      702 N Spring ST, Harrison, AR 72601
      View Details
    • $319,700
      3,212 SF

      Harrison Fourplex Investment Opportunity

      Fully occupied fourplex in Harrison with income growth potential.
      705 N Rowland ST, Harrison, AR 72601
      View Details
    • $365,000

      Bergman Commercial Property and Business

      2.4 acre commercial property with established woodworking business.
      8049 N 7 HWY, Harrison, AR 72601
      View Details
    • $365,000
      1,500 SF

      Established Manufacturing Business For Sale

      Turnkey woodworking business with highway frontage on 2.4 acres.
      8049 N 7 HWY, Harrison, AR 72601
      View Details
    • $234,900
      2,145 SF

      Harrison Office Building with Options

      Solid brick office building with flexible space and recent updates.
      401 W Stephenson Avenue, Harrison, AR 72601
      View Details
    • $445,000
      6,480 SF

      Versatile Commercial Space in Harrison, AR

      6,480 sq ft commercial space on the historic square.
      112 N Willow ST, Harrison, AR 72601
      View Details
    • $319,700
      803 SF

      Harrison Fourplex Investment Opportunity

      Fully occupied fourplex in Harrison with income and growth potential.
      705 N Rowland Street, Harrison, AR 72601
      View Details
    • $234,900
      2,145 SF

      Harrison Office Building For Sale

      2145 SF office building with flexible use options.
      401 Stephenson AVE, Harrison, AR 72601
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.52 acre commercial building site with utilities available.
    Where is this commercial land located?
    The property is located at 152 Forward Drive Lot 3 Harrison, AR.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 1.52 acre lot provides ample space.; Utilities available: Water, Sewer, Electric & Natural Gas.; Road frontage on Forward Drive.
    (870) 741-3833
    We can help!
    Listing Contact
    Roger Turner
    Real Estate License ID: PB00007168
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!