Sign Up Successful!
You now have access to more from Realmo!
    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

    501 Rathel St Harrison, AR 72601

    Sponsored
    For Sale
    $825,000

    Other - Harrison, AR

    Lot size:
    18.00 Acres
    Days on Market:
    156
    Last Refresh:
    Jan 21 at 1:06 pm

    Property Features for 501 Rathel St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    825-14425-001
    Lot size
    18.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tyra Turner Wallace

    Weichert, Realtors - Market Edge (870) 743-5555

    Listing agent Tyra Turner Wallace (870) 743-5555

    Listing date Aug 19, 2025

    MLS# 1318148 Listing URL

    Copyright © 2026 Northwest Arkansas Board of REALTORS®. 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

    Harrison, AR Development Opportunity

    This 18-acre tract in Harrison, AR, presents a development opportunity in a visible and accessible location. Zoned R3, the property includes architectural plans and blueprints for a 30-unit apartment complex. Situated 0.25 miles from US 62/65, the site offers access to a major highway and is less than a mile from North Arkansas College. The location is suitable for student housing, workforce housing, or other rental projects. The land, currently open pasture, is straightforward to build on and provides flexibility for developers and investors. The property supports various commercial or multifamily options, delivering visibility, zoning, and market demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Pharmacy Gym & Fitness Auto Parts Store Kitchen & Bath Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Boone
    State
    Arkansas
    Longitude
    -93.08107
    Latitude
    36.21476

    Nearby Similar for Sale

    • $1,800,000
      28,900 SF

      Harrison Commercial Property with Showroom

      Exceptional commercial property with showroom, office, and warehouse space.
      4700 Willow Ln, Harrison, AR 72601
      View Details
    • $1,350,000
      360.00 Acres

      Arkansas Ozark Farm with Views

      360-acre Ozark farm with pasture, woods, and ranch home.
      1100 Mc 4013, Harrison, AR 72601
      View Details
    • $1,595,000
      5,169 SF

      Restaurant with Trout Farm Potential

      Restaurant on 20+ acres with trout farm near Branson, MO.
      350 Devitos Loop, Harrison, AR 72601
      View Details
    • $1,595,000
      5,200 SF

      Mixed-Use Property with Trout Farm

      20.69 acre mixed-use property with restaurant and trout farm.
      350 Devitos Loop, Harrison, AR 72601
      View Details
    • $1,595,000
      5,169 SF

      Restaurant with Trout Farm on 20+ Acres

      Restaurant, building, and land with trout farm near Branson, Missouri.
      350 Devitos Loop, Harrison, AR 72601
      View Details
    • New
      $750,000
      6,000 SF

      Harrison Horse Ranch with Barn

      30-acre horse ranch featuring a 6,000 sq ft home.
      4055 S Highway 43, Harrison, AR 72601
      View Details
    • $995,000
      3,584 SF

      Luxury Country Estate on 28 Acres

      Custom-built home with equestrian facilities and breathtaking views on 28 acres.
      1330 Miller Ln, Harrison, AR 72560
      View Details
    • $445,000
      6,480 SF

      Versatile Commercial Space in Harrison, AR

      6,480 sq ft commercial space on the historic square.
      112 N Willow St, Harrison, AR 72601
      View Details
    • $239,000
      1,722 SF

      Commercial Building in Prime Location

      Commercial building with multiple offices and apartment in Harrison, Arkansas.
      120 E Bower Ave, Harrison, AR 72601
      View Details
    • $549,000
      14,379 SF

      Historic Mixed-Use Redevelopment Opportunity

      Iconic 4-story building in Harrison's entertainment district.
      201 N Main St, Harrison, AR 72601
      View Details
    • $1,650,000
      20,000 SF

      Modern Showroom and Warehouse Space

      Exceptional showroom and warehouse with expansion potential in Harrison, AR.
      4700 Willow Ln, Harrison, AR 72601
      View Details
    • $589,000
      14,379 SF

      Historic Mixed-Use Redevelopment Opportunity

      Iconic 4-story building in Harrison's entertainment district.
      201 N Main St, Harrison, AR 72601
      View Details

    FAQs

    What type of property is this?
    Land - 18-acre R3 zoned land with apartment plans included.
    Where is this land located?
    The property is located at 501 Rathel St Harrison, AR.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Prime 18-acre development opportunity in a highly visible and accessible location in Harrison, AR.; - Zoned R3 with completed architectural plans and blueprints for a 30-unit apartment complex included.; - Immediate access to US 62/65, a major regional highway.
    (870) 743-5555
    Request Owner's contact information
    501 Rathel St Harrison, AR 72601
    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.
    501 Rathel St
    Harrison, AR 72601
    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
    501 Rathel St Harrison, AR 72601
    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
    Tyra Turner Wallace
    (870) 743-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.