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    2516 Us Highway 63 Hardy, AR 72542

    View on Map
    For Sale
    $199,900

    MULTI_FAMILY - Hardy, AR

    Property size:
    2,995 SF
    Lot size:
    2.10 Acres
    Added:
    Jun 16, 2025
    Days on Market:
    290
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for 2516 Us Highway 63

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Appliances
    Range
    Standard status
    Active
    APN
    001-02924-000
    Size
    2,995 SF
    Lot size
    2.10 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    2995

    Utilities

    Water source
    Well

    Building Details

    Year built
    1950
    Number of units
    3
    Building materials
    Stone, Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Kevin Grooms

    Listing agent Kevin Grooms License #2015040146

    Listing office United Country-Cozort Realty, Inc. N. Jct Hwys 63 & Bus. 63, Thayer, AR

    Listing date Jun 16, 2025

    MLS# 60297235 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 63 Commercial Opportunity

    This commercial property offers high visibility on Highway 63, a high-traffic corridor. The property includes four separate buildings and a large concrete pad across a spacious layout with multiple entrances and exits. The storefront building spans approximately 1,488 square feet, suitable for retail, office, studio, or showroom use. Two of the existing buildings are suited for Airbnb rentals or residential conversions. A 36x34 barn features a solid concrete floor, offering potential as a workshop, event space, additional retail area, or hobby barn. Adjacent to this is a 40x40 concrete pad, offering additional build-out potential for storage buildings, a new commercial structure, or outdoor seating areas. The property is also equipped with two wells, one currently active and the other in place but not connected. The property is 2.1 acres with a total of 2,995 square feet of building space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.445081
    Latitude
    36.302886

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    FAQs

    What type of property is this?
    Retail space - Versatile commercial property with high visibility on Highway 63.
    Where is this retail space located?
    The property is located at 2516 Us Highway 63 Hardy, AR.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: Prime Highway 63 Frontage: High‑visibility location ensures significant traffic flow.; Four Buildings + Concrete Pad: Versatile property with multiple structures and a concrete pad.; Income Potential: Two buildings suitable for Airbnb or residential conversions.
    (417) 280-6571
    We can help!
    Listing Contact
    Kevin Grooms
    Real Estate License ID: 2015040146
    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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