Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prairie Grove Commercial Development Opportunity Title is generated by Realmo AI

    Hwy 62/Butler, Prairie Grove, AR 72753

    View on Map
    Claim this Listing
    Picture of Commercial land at Hwy 62/Butler, Prairie Grove, AR
    For Sale
    $675,000

    COMMERCIAL - Prairie Grove, AR

    Lot size:
    5.69 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    196
    Last Refresh:
    May 22 at 3:06 am

    Property Features for Hwy 62/Butler

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    805-20362-003
    Lot size
    5.69 Acres

    Taxes and HOA fees

    Tax Description
    Corner of Butler/ Highway 62
    Tax Annual Amount
    15

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    John McGowan

    Listing agent John McGowan License #PB00062349

    Listing office McGowan Real Estate 4422 E Huntsville Rd. #102, Fayetteville, AR

    Listing date Nov 7, 2025

    MLS# 1327573 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility corner lot on rapidly growing Heritage Parkway.
    • Located in thriving Prairie Grove, Arkansas, a high‑growth area.
    • Dual road frontage and excellent accessibility.
    • Ideal for retail, restaurant, medical, office, or hospitality development.
    • Zoned for commercial use.
    • Sewer and water options are available.

    Overview

    This commercial property is located on Heritage Parkway in Prairie Grove, Arkansas. It is a corner lot with high visibility, situated at the intersection of residential and commercial areas. The property is suitable for various business concepts and offers dual road frontage and accessibility. It is located in a growing commercial corridor and is surrounded by new neighborhoods and expanding infrastructure. The property is zoned for commercial use and is suitable for retail, restaurant, medical, office, or hospitality development. The lot size is 5.69 acres. Sewer and water options are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Prairie Grove
    County
    Washington
    State
    Arkansas
    Longitude
    -94.3247
    Latitude
    36.0004

    Nearby Similar for Sale

    • $700,000

      Prime Development Land Opportunity

      4-acre corner parcel ideal for mixed-use development.
      Viney Grove, Prairie Grove, AR 72753
      View Details
    • $710,000
      4,088 SF

      Prairie Grove Triplex Investment Opportunity

      Modern triplex built in 2022, fully occupied, great investment.
      10859 Danny Bryan Road, Prairie Grove, AR 72753
      View Details
    • $499,999
      2,200 SF

      Prairie Grove Duplex on Acreage

      Duplex with converted garage on 1 acre near U of A.
      10871 Brady Road, Prairie Grove, AR 72753
      View Details
    • $1,742,000

      Highway 62 Development Opportunity

      Prime commercial land in high-growth Prairie Grove, Arkansas.
      Tract-A E Heritage Parkway lot: A, Prairie Grove, AR 72753
      View Details
    • $2,614,000

      Highway 62 Development Opportunity

      Prime commercial land in high-growth Prairie Grove corridor.
      Tract-B E Heritage Parkway lot: B, Prairie Grove, AR 72753
      View Details
    • $1,000,000

      Prairie Grove Land For Sale

      10 acres mol of level land with utilities available.
      10591 Viney Grove Road lot: 0, Prairie Grove, AR 72753
      View Details
    • $472,500
      2,392 SF

      Four-Unit Multifamily Investment Opportunity

      Two duplexes near schools, offering strong rental income potential.
      302 / 304 Wallace Street, Prairie Grove, AR 72753
      View Details
    • $5,105,000

      Prime Development Land in Prairie

      29.3-acre commercial development tract in a high-growth area.
      Tract F- E HERITAGE Parkway, Prairie Grove, AR 72753
      View Details
    • $7,069,000

      Prime Development Land Opportunity

      26.8 acre commercial development tract in growing Prairie Grove.
      Tract C-D E Heritage Parkway, Prairie Grove, AR 72753
      View Details
    • $135,000

      Highway Frontage Mixed-Use Land

      6.68-acre mixed-use lot on Highway 62 in Prairie Grove.
      16543 Highway 62 lot: 0, Prairie Grove, AR 72753
      View Details
    • $219,000

      Prairie Grove Land Opportunity

      3.38 acres in Prairie Grove with utilities and sunset views.
      11112 Centerpoint Church Road lot: 0, Prairie Grove, AR 72753
      View Details
    • $250,000

      Arkansas Land with Mature Trees

      3.16 acres of land with utilities in Prairie Grove.
      15065 Bethel Blacktop Road, Prairie Grove, AR 72753
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility corner lot ideal for various commercial developments.
    Where is this commercial land located?
    The property is located at Hwy 62/Butler Prairie Grove, AR.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: High‑visibility corner lot on rapidly growing Heritage Parkway.; Located in thriving Prairie Grove, Arkansas, a high‑growth area.; Dual road frontage and excellent accessibility.
    (479) 387-5646
    We can help!
    Listing Contact
    John McGowan
    Real Estate License ID: PB00062349
    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

    Thank You for Inquiry
    Hwy 62/Butler, Prairie Grove, AR 72753
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!