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    407 Polk Road 59 Mena, AR 71953

    Sponsored
    For Sale
    $850,000

    Traditional, Agriculture/Farm/Ranch - Mena, AR

    Type:Farm
    Property size:
    1,854 SF
    Lot size:
    69.23 Acres
    Days on Market:
    161
    Last Refresh:
    Feb 2 at 4:06 am

    Property Features for 407 Polk Road 59

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Laundry, Living Room
    Bedrooms
    3
    Bathrooms
    2
    Parking
    4
    Patio and Porch features
    Porch
    Interior features
    Washer Connection, Water Heater-gas, Walk-in Closet(s), Built-ins, Ceiling Fan(s), Kit Counter-ceramic Tile
    Exterior features
    Porch, Fully Fenced, Guttering, Shop, Guest House, Cross-fenced, Barns/Buildings, Livestock Allowed, Stock Pond, Poultry, Cattle, Horses
    Fencing
    Cross Fenced, Fenced, Full
    Fireplace
    1
    Appliances
    Dishwasher, Ice Maker, Range, Range - Gas, Washer
    Size
    1,854 SF
    Lot size
    69.23 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2001
    Floors in Building
    1
    Flooring type
    Carpet, Tile
    Building materials
    Brick, Frame, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), Guest House

    We can help!

    Listing Contact
    Luke Alston

    SmallTown Hunting Properties & Real Estate (479) 588-1034

    Listing agent Luke Alston (479) 588-1034

    Listing date Aug 26, 2025

    MLS# 25034310 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.

    Learn more

    Property Insight Report

    Overview

    Operating Poultry Farm with Residences

    This operating poultry farm is ideally suited for individuals seeking on-farm income while maintaining off-farm employment flexibility. It features two 43x500 poultry houses constructed in 2004, currently under contract with Tyson Foods. The poultry houses have been well-maintained, requiring no immediate repairs or updates. The property includes two residences, offering options for multiple occupants or rental income potential. The newer residence is a 3-bedroom, 2-bath brick home with established landscaping, flower beds, and a garden. The front porch provides views of the Ouachita Mountains. The second, older home is currently occupied and ready for a new tenant. The property spans 69.23 acres and includes picturesque fields and ponds. The pastures are suitable for livestock, and three ponds are stocked with bass and catfish. The property also includes 1854 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.121123
    Latitude
    34.555034

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    FAQs

    What type of property is this?
    Farm - Poultry farm with two residences and picturesque landscape.
    Where is this farm located?
    The property is located at 407 Polk Road 59 Mena, AR.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Operating poultry farm with current Tyson Foods contract and two well-maintained poultry houses built in 2004.; - Two residences: newer 3-bedroom, 2-bath brick home and older home suitable for rental income.; - Excellent pastures and three stocked ponds (bass and catfish) ideal for livestock and fishing enthusiasts.
    (479) 234-1376
    Request Owner's contact information
    407 Polk Road 59 Mena, AR 71953
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    Mena, AR 71953
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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
    407 Polk Road 59 Mena, AR 71953
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    We can help!
    Listing Contact
    Luke Alston
    Real Estate License ID: SA00087612
    (479) 234-1376
    Learn more
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