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

    2706 Old Hwy 124 Russellville, AR 72802

    View on Map
    Sponsored
    For Sale
    $374,900

    Mixed Use - Russellville, AR

    Type:Mixed Use
    Lot size:
    2.20 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 5 at 10:06 am

    Property Features for 2706 Old Hwy 124

    General Information

    Property type
    Land
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    Commercial
    APN
    947-00041-000R
    Lot size
    2.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Poole
    Michael Poole

    Moore and Company REALTORS (479) 968-3300

    Listing agent Michael Poole (479) 968-3300

    Listing date Feb 27, 2026

    MLS# 1337530 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.

    Learn more

    Overview

    Prime Commercial Land Opportunity

    This 2.2-acre commercial property in Russellville, AR, presents a development opportunity in a highly visible and easily accessible location. Zoned C2, the site is suitable for a wide range of business uses. The property is positioned along Hwy 124 off exit 83 and features 520 feet of highway frontage, providing outstanding exposure. The location benefits from an ARDot daily traffic count of approximately 12,700 vehicles. Situated just 0.5 miles from Interstate 40, the property offers convenient access for local and regional customers, making it ideal for retail, restaurant, service-based businesses, or other commercial ventures. The site includes septic and city water, which may help reduce upfront development costs and streamline the building process. The property is located at 2706 Old Highway 124, Russellville, AR 72802.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.1807
    Latitude
    35.2806

    Nearby Similar for Sale

    • $375,000
      1,684 SF

      Russellville Retail Redevelopment Opportunity

      Prime location near downtown Russellville, ready for redevelopment.
      203 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $325,000
      1,881 SF

      Medical/Dental Office Near Hospital

      Well-maintained medical/dental office near St. Mary’s Hospital.
      1501 W C St, Russellville, AR 72801
      View Details
    • $645,000
      3,678 SF

      Versatile Commercial Property on West Main

      Prime office space with great visibility and convenient access.
      2802 W Main St, Russellville, AR 72801
      View Details
    • $237,000
      1,220 SF

      Charming Office Building, Russellville AR

      Well-maintained office building on a high-traffic corner lot.
      1230 W Main St, Russellville, AR 72801
      View Details
    • $500,000
      14,365 SF

      Retail Property in Russellville, AR

      Retail property with stable tenants, located near central Russellville.
      512 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $695,000
      5,000 SF

      Established Dry Cleaning Business Opportunity

      Turnkey dry cleaning business for sale in prime location.
      718 S Arkansas Ave, Russellville, AR 72801
      View Details
    • $149,900
      2,046 SF

      Versatile Commercial Building on Highway 7

      Adaptable 2,046 sqft building ideal for diverse business uses.
      5187 N Arkansas Ave, Russellville, AR 72802
      View Details
    • $890,000
      18,500 SF

      Russellville Commercial Building with Land

      Versatile commercial building with showroom, offices, and potential uses.
      502 E 4Th St, Russellville, AR 72801
      View Details
    • $1,369,000
      35,497 SF

      Versatile Commercial Property in Russellville

      Warehouses, mini storage, and office space in Russellville, Arkansas.
      1410 1406 1404 E Second, Russellville, AR 72801
      View Details
    • $149,900
      2,046 SF

      Versatile Commercial Building on Highway

      Adaptable commercial building with high visibility and strong traffic counts.
      5187 Ar-7, Russellville, AR 72802
      View Details
    • $525,000
      4,916 SF

      Highway Commercial Property For Sale

      1.7 acre commercial property with existing structure in Russellville.
      2807 N Arkansas Ave, Russellville, AR 72802
      View Details
    • $695,000
      1,660 SF

      Restaurant Building in Prime Location

      High-visibility restaurant with drive-thru near Arkansas Tech University.
      1103 N Arkansas Ave, Russellville, AR 72801
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.2-acre commercial property with high visibility and easy access.
    Where is this commercial land located?
    The property is located at 2706 Old Hwy 124 Russellville, AR.
    What is the asking price?
    The asking price for this property is $374,900.
    What are key features of this property?
    This property features: - Prime commercial property with C2 zoning.; - **High-visibility location** with 520 feet of frontage on Hwy 124 off exit 83.; - Close proximity (1/2 mile) to Interstate 40.
    (479) 968-3300
    Request Owner's contact information
    2706 Old Hwy 124 Russellville, AR 72802
    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.
    2706 Old Hwy 124
    Russellville, AR 72802
    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
    2706 Old Hwy 124 Russellville, AR 72802
    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

    We can help!
    Listing Contact
    Michael Poole
    Michael Poole
    (479) 968-3300 (479) 858-1093
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!