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    Arkansas Chicken Farm with Breeder Houses Title is generated by Realmo AI

    395 Lee Lane, Evening Shade, AR 72532

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    Claim this Listing
    For Sale
    $1,375,000

    Country, Agriculture/Farm/Ranch - Evening Shade, AR

    Type:Farm
    Property size:
    1,982 SF
    Lot size:
    96.61 Acres
    Price / SF:
    $693/SF
    Added:
    Mar 18, 2026
    Days on Market:
    60
    Last Refresh:
    May 16 at 3:06 am

    Property Features for 395 Lee Lane

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Laundry
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio, Deck
    Interior features
    Washer-stays, Dryer-stays, Walk-in Closet(s)
    Exterior features
    Patio, Deck, Barns/Buildings, Livestock Allowed, Equipment (see Remarks), Stock Pond
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    Size
    1,982 SF
    Lot size
    96.61 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4379.56

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Floors in Building
    2
    Flooring type
    Vinyl, Wood
    Building materials
    Brick, Frame
    Roof type
    Shingle
    Architectural style
    Ranch
    Additional Structures
    Barn(s), See Remarks

    We can help!

    Listing Contact
    Roxanne Byram
    Roxanne Byram

    Listing agent Roxanne Byram

    Listing office United Country Ozark Realty 1279 E. Main St., Melbourne, AR

    Listing date Mar 18, 2026

    MLS# 26011845 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.

    HighLights

    • Turnkey, income‑producing chicken farm with two 650‑ft breeder houses contracted with Peco, raising hatch eggs.
    • 96± acre farm with modern upgrades (2017) including Chore‑Time equipment and Rotem computer systems.
    • Remodeled 3‑bedroom, 2‑bathroom home (1,982 sq ft) with walk‑in closets and fiber optic internet.
    • Reliable farm utilities: well water with city backup, large litter barn, propane tanks, and John Deere backup generator.
    • Additional 2‑bedroom, 2‑bathroom mobile home (960 sq ft) for hired help or guests.
    • Land features 3 ponds, hunting opportunities, a creek, and a large hay field.

    Overview

    This 96-acre farm in North Central Arkansas, near Melbourne, is an income-producing chicken farm. Located on a paved road, the turnkey setup includes modern upgrades and quality improvements. It features two 650-ft breeder houses contracted with Peco, raising hatch eggs. Originally built in 1998 and fully updated in 2017, the houses feature Chore-Time double belt egg tables, nest boxes, and Rotem computer systems. Farm utilities include well water with city backup, a large litter barn with concrete floor, two 420-gallon propane tanks, and a John Deere backup generator. The property includes a remodeled 1,982 sq ft home with 3 bedrooms and 2 bathrooms, walk-in closets, and fiber optic internet. All appliances convey, including a washer, dryer, and extra refrigerator. A 960 sq ft mobile home with 2 bedrooms and 2 bathrooms provides housing for hired help or guests. The land offers 3 ponds, hunting opportunities, a creek, and a large hay field. This agricultural investment is located in Evening Shade, AR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Real Estate Agency Restaurant Daycare Center Auto Repair Shop Hotel & Motel HVAC Service Food Market Discount Store Grocery & Convenience Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Evening Shade
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.5773
    Latitude
    36.0922

    FAQs

    What type of property is this?
    Farm - Income-producing 96-acre chicken farm with modern upgrades.
    Where is this farm located?
    The property is located at 395 Lee Lane Evening Shade, AR.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing chicken farm with two 650‑ft breeder houses contracted with Peco, raising hatch eggs.; 96± acre farm with modern upgrades (2017) including Chore‑Time equipment and Rotem computer systems.; Remodeled 3‑bedroom, 2‑bathroom home (1,982 sq ft) with walk‑in closets and fiber optic internet.
    (870) 291-0382
    We can help!
    Listing Contact
    Roxanne Byram
    Roxanne Byram
    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.

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