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

    159 Ellison Road Rison, AR 71665

    View on Map
    For Sale
    $42,900

    Acreage - Rison, AR

    Lot size:
    9.69 Acres
    Added:
    Mar 18, 2026
    Days on Market:
    20
    Last Refresh:
    Apr 6 at 11:06 pm

    Property Features for 159 Ellison Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agricultur
    Standard status
    Active
    APN
    TBD
    Lot size
    9.69 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    33.62

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Harvey III

    Listing agent Ralph Harvey III

    Listing office ListWithFreedom.com, Inc. 5724 SW 77TH Ave Rd., Boynton Beach, AR

    Listing date Mar 18, 2026

    MLS# 26010366 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

    9.69 Acres in Rison, AR

    This 9.69-acre tract in Rison, AR, offers a life of total freedom with no zoning or deed restrictions. Power and water are available along the road. The property is buildable, flat, and has no floodplain. It features a driveway entry and newly resurfaced Ellison Rd frontage of 112 feet. New road and drainage infrastructure are in place, and a new survey has been completed. Owner financing is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rison
    County
    Cleveland
    State
    Arkansas
    Longitude
    -92.1633
    Latitude
    33.947

    Nearby Similar for Sale

    • $424,900
      3,300 SF

      Turnkey Business and Home in Rison

      Home and USDA-inspected slaughter facility on 1.4 acres.
      850 Goggans Road, Rison, AR 71665
      View Details
    • $100,000
      1,152 SF

      Commercial Storefront in Rison, AR

      Commercial storefront in a welcoming Arkansas community with endless potential.
      300 W Magnolia Street, Rison, AR 71665
      View Details
    • $21,700

      Residential Lot in Woodlawn Community

      3.1 acre lot perfect for building a new home.
      900 Southwood Lane, Rison, AR 71665
      View Details
    • $20,930

      Residential Lot in Woodlawn Community

      2.99 acre lot perfect for building a new home.
      100 Southwood Lane, Rison, AR 71665
      View Details
    • $21,770

      Rison, AR Subdivision Lot

      Residential land in Woodlawn Community, perfect for building a home.
      800 Southwood Lane, Rison, AR 71665
      View Details
    • $21,280

      Residential Lot in Woodlawn Community

      3.04 acre lot perfect for building a new home.
      400 Southwood Lane, Rison, AR 71665
      View Details
    • $22,190

      Residential Lot in Woodlawn Community

      3.17-acre lot perfect for building a new home.
      600 Southwood Lane, Rison, AR 71665
      View Details
    • $24,710

      Residential Lot in Woodlawn Community

      3.53 acre lot perfect for building a new home.
      700 Southwood Lane, Rison, AR 71665
      View Details
    • $13,650

      Residential Lot in Woodlawn

      1.95 acre residential lot in Woodlawn Community, Rison, AR.
      200 Southwood Lane, Rison, AR 71665
      View Details
    • $21,210

      Rison, AR Subdivision Lot

      Residential land in Woodlawn Community, perfect for building a home.
      500 Southwood Lane, Rison, AR 71665
      View Details
    • $540,000

      Timber-Rich Acreage with Creek

      240-acre timber tract featuring diverse species and year-round creek.
      TBD Hollis Road, Rison, AR 71665
      View Details
    • $25,200

      Rison, AR Acreage Lot

      3.6 acre lot with mature hardwoods in Rison, AR.
      Lot 3 Smith Road, Rison, AR 71665
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 9.69 acres with no restrictions, owner financing available.
    Where is this agricultural land / farmland located?
    The property is located at 159 Ellison Road Rison, AR.
    What is the asking price?
    The asking price for this property is $42,900.
    What are key features of this property?
    This property features: Owner financing available; No zoning or deed restrictions offer flexibility; Water & power available along road
    (855) 456-4945
    We can help!
    Listing Contact
    Ralph Harvey III
    Real Estate License ID: 0225244047
    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!