Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mulberry Commercial Building For Sale Title is generated by Realmo AI

    1824 W 64 Highway, Mulberry, AR 72947

    View on Map
    Claim this Listing
    For Sale
    $200,000

    SINGLE_FAMILY - Mulberry, AR

    Type:Office
    Property size:
    1,500 SF
    Lot size:
    1.68 Acres
    Price / SF:
    $133/SF
    Added:
    Oct 21, 2025
    Days on Market:
    215
    Last Refresh:
    May 23 at 8:06 am

    Property Features for 1824 W 64 Highway

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    APN
    760-01167-001-C
    Size
    1,500 SF
    Lot size
    1.68 Acres

    Taxes and HOA fees

    Tax Description
    Part of SE, NE, 28-10-29

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    Dianne Schneider
    Dianne Schneider

    Listing agent Dianne Schneider License #EB00050690

    Listing office Pat Satterfield REALTORS 536 Highway 71 N Ste A, Alma, AR

    Listing date Oct 21, 2025

    MLS# 1326297

    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.

    HighLights

    • Recently updated building suitable for various office or retail businesses.
    • Includes several rooms, kitchen area with appliances, and an office.
    • Features 3 restrooms and a fenced play area.
    • Opportunity to establish a desired business.
    • Room on the property for a home or additional building.
    • Built in 1994.

    Overview

    This recently updated 1,500 square foot building, situated on 1.68 acres, was previously used as a day care center and is suitable for many different types of offices or retail businesses. The property features several rooms, a kitchen area with appliances, an office, and three restrooms. A fenced play area is also included. The property offers opportunities for various business ventures, with room for a home or additional space for another building or parking. The property is located in Mulberry, Arkansas, in Crawford County.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $167.8K
    NOI $15,098 @ 9.00% cap · cautious / downside scenario
    Moderate
    $215.7K
    NOI $15,098 @ 7.00% cap · market / base-case scenario
    Aggressive
    $302.0K
    NOI $15,098 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.
         Calculated for Office B

    Component $ $/SF
    Gross rent $21.6k $14.40
    − Vacancy −$1.5k −$0.98
    EGI $20.1k $13.42
    − OpEx −$5.0k −$3.36
    NOI $15.1k $10.07
    1,500 SF · lease $14.40/SF/yr · vacancy 6.80% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $215.7K
    $188.7K – $251.6K (±1% cap)
    NOI $15,098 @ 7.0% cap · market cap 7.55%
    Second Best
    Retail
    $184.9K
    $161.8K – $215.8K (±1% cap)
    NOI $12,945 @ 7.0% cap · market cap 6.47%
    Theoretical Best
    Office A
    $287.6K
    $251.6K – $335.5K (±1% cap)
    NOI $20,131 @ 7.0% cap · market cap 10.07%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Similar Places Nearby

    • Mulberry Head Start — 1319 N Main St, Mulberry, AR 72947

    Map

    City
    Mulberry
    County
    Crawford
    State
    Arkansas
    Longitude
    -94.082143
    Latitude
    35.510855

    Nearby Similar for Sale

    • $199,000
      4,172 SF

      Mulberry Commercial Building with Yard

      Retail/office/shop building with fenced yard on corner lot.
      210 Mulberry Highway 64, Mulberry, AR 72947
      View Details
    • $5,900,000
      48,582 SF

      Ozark Adventure & Luxury Ranch

      220-acre ranch with lodges, arena, and equestrian facilities.
      8524 Youth Ranch Road, Mulberry, AR 72947
      View Details
    • $200,000
      1,500 SF

      Updated Commercial Building in Mulberry

      Recently updated commercial building suitable for various business types.
      1824 W 64 HWY, Mulberry, AR 72947
      View Details
    • $299,000
      15,000 SF

      Commercial Building in Mulberry, Arkansas

      Commercial building in the heart of Mulberry, Arkansas.
      549 Main ST, Mulberry, AR 72947
      View Details
    • $5,900,000
      48,582 SF

      Ozark Ranch with Rodeo Arena

      220-acre ranch featuring lodges, equestrian facilities, and event spaces.
      8524 Youth Ranch Road, Mulberry, AR 72937
      View Details
    • $7,300,000
      58,520 SF

      Food Processing Facility on 13.69 Acres

      Food processing facility with refrigerated areas, warehouse, and offices.
      532 Industrial Park Drive, Mulberry, AR 72947
      View Details
    • $7,300,000
      58,520 SF

      Food Processing Facility on 13.69 Acres

      Food processing facility with refrigerated areas, warehouse, and offices.
      532 Industrial Park Dr, Mulberry, AR, Mulberry, AR 72947
      View Details

    FAQs

    What type of property is this?
    Day care center - Recently updated commercial building suitable for various business types.
    Where is this day care center located?
    The property is located at 1824 W 64 Highway Mulberry, AR.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Recently updated building suitable for various office or retail businesses.; Includes several rooms, kitchen area with appliances, and an office.; Features 3 restrooms and a fenced play area.
    (479) 461-6455
    We can help!
    Listing Contact
    Dianne Schneider
    Dianne Schneider
    Real Estate License ID: EB00050690
    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

    Thank You for Inquiry
    1824 W 64 Highway, Mulberry, AR 72947
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!