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

    2980 Harrison Street Batesville, AR 72501

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Commercial Lot - Batesville, AR

    Lot size:
    1.15 Acres
    Added:
    Nov 5, 2024
    Days on Market:
    532
    Last Refresh:
    Apr 21 at 11:06 pm

    Property Features for 2980 Harrison Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.15 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    184

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Enith Sensabaugh

    Listing agent Enith Sensabaugh

    Listing office Choice Realty 513 Batesville Blvd., Batesville, AR

    Listing date Nov 5, 2024

    MLS# 24040433 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

    Commercial Lot Near Home Depot

    This 1.15-acre commercial lot is situated in a central location in Batesville, Arkansas, in close proximity to Home Depot and Walmart. The property is located on Harrison Street and is suitable for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Batesville
    County
    Independence
    State
    Arkansas
    Longitude
    -91.618084
    Latitude
    35.764162

    Nearby Similar for Sale

    • $850,000
      4,532 SF

      Turn-Key Commercial Property For Sale

      High-visibility commercial property with highway frontage and income potential.
      2121 Batesville Blvd, Batesville, AR 72501
      View Details
    • $466,464
      9,718 SF

      Historic District Commercial Building

      9,718 SF commercial building in Batesville's historic district.
      181 S Central Avenue, Batesville, AR 72501
      View Details
    • $725,000
      2,344 SF

      Prime Batesville Land Opportunity

      High-traffic location near national brands, ideal for retail development.
      505 Saint Louis, Batesville, AR 72501
      View Details
    • $825,000

      Prime Commercial Land in Batesville

      8.83 acre commercial tract in high-visibility location.
      3290 Harrison Street, Batesville, AR 72501
      View Details
    • $825,000

      Batesville Commercial Tract For Sale

      8.83 acre commercial lot in high-visibility location.
      3290 Harrison Street, Batesville, AR 72501
      View Details
    • $109,900
      2,256 SF

      Batesville Storefront Building and Land

      Iconic 2,256 SF building on 0.36 acres in Batesville.
      6435 Bethesda, Batesville, AR 72501
      View Details
    • $329,000
      2,963 SF

      Batesville Multifamily Investment Opportunity

      Charming 5-unit property with recent updates and expansion potential.
      809 Rock Street, Batesville, AR 72501
      View Details
    • $125,000

      Commercial Lot in Batesville, AR

      1.72 acre commercial lot with high traffic visibility.
      Harrison Street, Batesville, AR 72501
      View Details
    • $95,000
      1,560 SF

      Commercial Building on Corner Lot

      1560 SF commercial building suitable for automotive or retail.
      795 N Central Avenue, Batesville, AR 72501-0000
      View Details
    • $319,900
      3,760 SF

      Updated Income Property Near Batesville

      Investment property featuring updated mobile homes and a modernized duplex.
      160 Coburn Ln., Batesville, AR 72501
      View Details
    • $625,000

      Prime Commercial Land Opportunity

      5.04 acre commercial property with highway frontage and utilities.
      2560 Batesville Boulevard, Southside, AR 72501
      View Details
    • $52,000

      Batesville Acreage with Utilities

      1.79 acre parcel with utilities and partially started home.
      60 Caney Creek, Batesville, AR 72501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial lot in the heart of town, near major retailers.
    Where is this commercial land located?
    The property is located at 2980 Harrison Street Batesville, AR.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Property is located in the heart of town.; Lot is ready for a new project.; Convenient location.
    (870) 613-7813
    We can help!
    Listing Contact
    Enith Sensabaugh
    Real Estate License ID: AB00083288
    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!