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

    247 Hwy. 65 S Marshall, AR 72650

    View on Map
    Claim this Listing
    For Sale
    $198,000

    Acreage - Marshall, AR

    Lot size:
    1.65 Acres
    Added:
    Jun 15, 2024
    Days on Market:
    682
    Last Refresh:
    Apr 27 at 8:06 pm

    Property Features for 247 Hwy. 65 S

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    780.37

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gene Griffith

    Listing agent Gene Griffith

    Listing office Mid South Land and Homes 4445 Little Red River Rd., Marshall, AR

    Listing date Jun 15, 2024

    MLS# 24021160 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

    Prime Commercial Land on Hwy 65

    Located in Marshall, Arkansas, this 1.65-acre surveyed property offers significant potential. Situated on Hwy 65, the site benefits from exceptional visibility and convenient access via paved roads on three sides. Its central position provides unparalleled exposure, making it a strategic location for businesses. The high-traffic location ensures visibility for both new and expanding ventures. The property's convenient access to local amenities and transportation routes positions it as a prime choice for commercial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Marshall
    County
    Searcy
    State
    Arkansas
    Longitude
    -92.637948
    Latitude
    35.9113495

    Nearby Similar for Sale

    • $500,000
      16,136 SF

      Marshall Church Building on Acreage

      Spacious church building on 6.36 acres in Marshall, AR.
      224 Mills Lane, Marshall, AR 72650
      View Details
    • $45,900

      Highway Frontage Land Near Buffalo River

      4 acres with highway frontage near Buffalo National River.
      Highway 27, Marshall, AR 72650
      View Details
    • $275,000
      1,302 SF

      Income Property Near Buffalo River

      Income-producing property with short-term rental and general store.
      128 River Road, Marshall, AR 72650
      View Details
    • $300,000

      Marshall, AR Acreage with Views

      80+/- acres with views, trails, utilities, and building slab.
      905 Fallen Tree, Marshall, AR 72650
      View Details
    • $300,000

      Marshall, AR Hunting Land

      80+/- acres with views, trails, and infrastructure ready.
      Fallen Tree, Marshall, AR 72650
      View Details
    • $75,000

      Ozark Mountain Acreage Retreat

      9.82 acres in the Ozark Mountains, ideal getaway.
      2726 Little Red River Road, Marshall, AR 72650
      View Details
    • $385,000

      Secluded Hunting Land with View

      140 acres of timberland suitable for hunting and building.
      1872 Little Red River Road, Marshall, AR 72650
      View Details
    • $45,000

      Marshall, AR Acreage with Utilities

      1.55 acres near Buffalo River with mountain views.
      4829 ZACK RIDGE ROAD, Marshall, AR 72650
      View Details
    • $80,000

      Marshall, AR Acreage For Sale

      19.74 acres in the Ozark Mountains, suitable for building.
      168 Reflections Drive, Marshall, AR 72650-9999
      View Details
    • $80,000

      Land in the Ozark Mountains

      19.74 acres of wooded land for building or hunting.
      168 Reflections Drive, Marshall, AR 72650
      View Details
    • $589,900

      Ozark Mountain Wilderness Hunting Land

      222 acres of secluded hunting and recreational land in Arkansas.
      Lick Fork Road, Marshall, AR 72650
      View Details
    • $534,900

      100 Acres in Ozark Mountains

      100-acre farm in the Ozark Mountains with pastureland.
      Barren Hollow, Marshall, AR 72650
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.65 acres with high visibility and easy access.
    Where is this commercial land located?
    The property is located at 247 Hwy. 65 S Marshall, AR.
    What is the asking price?
    The asking price for this property is $198,000.
    What are key features of this property?
    This property features: 1.65 surveyed acres in Marshall, Arkansas; Located on Hwy 65 with exceptional visibility; Paved access from 3 sides
    (870) 504-0854
    We can help!
    Listing Contact
    Gene Griffith
    Real Estate License ID: PB0075536
    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!