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    608 N CLAY Street Glenwood, AR 71943

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    Claim this Listing
    New
    For Sale
    $399,000

    Building and Land - Glenwood, AR

    Property size:
    13,200 SF
    Lot size:
    1.69 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 12 at 6:06 pm

    Property Features for 608 N CLAY Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    NZN No Zoning
    Exterior features
    Partially Fenced, Dumpster
    Fencing
    Fenced, Partial
    Standard status
    Active
    Size
    13,200 SF
    Lot size
    1.69 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    2000
    Flooring type
    Carpet, Carpet - Partial, Other, Tile
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Parsons

    Listing agent Eric Parsons License #SA00091247

    Listing office Lake Hamilton Realty, Inc. 4425 Central Avenue, Suite C, Hot Springs, AR

    Listing date Apr 10, 2026

    MLS# 154920 Listing URL

    Copyright © 2026 Hot Springs 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.

    Overview

    Glenwood Building with Development Potential

    This versatile 13,200 sq ft building is situated on approximately 1.69 acres with road frontage, conveniently located within the city limits of Glenwood, AR. Formerly operated as a private school, this well-positioned property is thoughtfully laid out to accommodate a wide range of potential uses including office space, educational facilities, daycare, event venue, or other commercial opportunities. The interior offers multiple classrooms on both the main level and upper floor, providing flexibility for a variety of layouts and operations. Spacious common areas and functional design allow for easy adaptation to suit your business or investment goals. Outdoors, the property features a fenced playground area, making it especially appealing for childcare, educational programs, or other structured group activities. The expansive acreage provides ample room for additional parking, future expansion, or outdoor recreational space. With its combination of size, layout, and location, this property presents a unique opportunity for investors and business owners seeking a multi-purpose space with room to grow in the Glenwood area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glenwood Christian School High School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Glenwood
    County
    Pike
    State
    Arkansas
    Longitude
    -93.546481
    Latitude
    34.330797

    Nearby Similar for Sale

    • $399,000
      13,200 SF

      Glenwood Building on 3 Acres

      13,200 sq ft building on 3 acres in Glenwood.
      608 N Clay Street, Glenwood, AR 71943
      View Details
    • $750,000
      1,352 SF

      Multi-Use Property in Glenwood, AR

      11.69 acre property with residential, lodging, and functional-use improvements.
      759 N BUMBLE BEE, Glenwood, AR 71943
      View Details
    • $750,000
      1,352 SF

      Glenwood Multi-Use Property on Acreage

      Multi-use property with residential, lodging, and agricultural potential.
      759 N BUMBLEBEE, Glenwood, AR 71943
      View Details
    • $210,000
      3,200 SF

      Glenwood Commercial Property For Sale

      Commercial property in Glenwood, Arkansas, suitable for various businesses.
      326 N 1ST, Glenwood, AR 71943
      View Details
    • $145,500
      1,350 SF

      Glenwood Automotive Business Opportunity

      Automotive business with equipment, inventory, and rental income.
      4351 E Hwy 8, Glenwood, AR 71943
      View Details

    FAQs

    What type of property is this?
    School - Versatile 13,200 sq ft building on 1.69 acres.
    Where is this school located?
    The property is located at 608 N CLAY Street Glenwood, AR.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Versatile 13,200 sq ft building on 3± acres within Glenwood city limits.; Adaptable layout with multiple classrooms on two floors, suitable for various commercial uses.; Fenced playground area, ideal for childcare or educational programs.
    (501) 525-1466
    We can help!
    Listing Contact
    Eric Parsons
    Real Estate License ID: SA00091247
    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.

    More about this property
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