Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    7 Asher Drive Hardy, AR 72542

    View on Map
    Claim this Listing
    For Sale
    $55,000

    Multi-Family Lot - Hardy, AR

    Lot size:
    3.30 Acres
    Added:
    Nov 5, 2024
    Days on Market:
    548
    Last Refresh:
    May 7 at 5:06 am

    Property Features for 7 Asher Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.30 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    133.36

    Utilities

    Water front features
    Year Round Creek

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mindy Lawrence
    Mindy Lawrence

    Listing agent Mindy Lawrence

    Listing office United Country - Cozort Realty, Inc. P. O. Box 92, Thayer, AR

    Listing date Nov 5, 2024

    MLS# 24040239 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

    • 3.3 acres of unrestricted land with creek frontage
    • Existing utilities: septic, electricity, and well
    • Creek flows to the South Fork River, ideal for fishing and recreation
    • Close proximity to Cherokee Village Golf Course and Spring River public access
    • Located 5‑10 minutes from town amenities
    • Abundant wildlife and hunting opportunities

    Overview

    Creekfront Acreage in Hardy, Arkansas

    This 3.3-acre property in Hardy, Arkansas, offers privacy and natural beauty. The land has no restrictions and is suitable for hunting and exploring. A creek flows through the back of the property toward the South Fork River, providing opportunities for fishing, floating, and swimming. Existing utilities include septic, electricity, and a well, making the property ready for a home, cabin, or weekend getaway. The location is minutes from Cherokee Village Golf Course (near hole 18) and public access to the Spring River. It is also 5-10 minutes from town, offering a blend of country living with access to local amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Law Firm Discount Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.558121
    Latitude
    36.316157

    Nearby Similar for Sale

    • $349,900
      7,200 SF

      Versatile Commercial Property Near River

      7,200 SF commercial property near Spring River in Hardy.
      5 Spring Street, Hardy, AR 72542
      View Details
    • $279,000
      1,152 SF

      Hardy, AR Outfitter Business Opportunity

      Turnkey outfitter business near the Spring River for sale.
      420 Highway 63, Hardy, AR 72542
      View Details
    • $149,900

      Highway Frontage Commercial Acreage

      5.4+/- acres with highway frontage and expansion potential.
      2275 Highway 63, Hardy, AR 72542
      View Details
    • $39,900
      4,212 SF

      Highland, AR Commercial Vacant Land

      Prime commercial land with existing concrete slabs and plumbing.
      000 Louann, Highland, AR 72542
      View Details
    • $195,000

      Spring River Buildable Lots

      Six buildable lots on the Spring River with private access.
      377 Springwood Ter, Hardy, AR 72542
      View Details
    • $199,900
      2,995 SF

      Highway 63 Commercial Opportunity

      Versatile commercial property with high visibility on Highway 63.
      2516 Us Highway 63, Hardy, AR 72542
      View Details
    • $5,500

      Land in Hardy, Arkansas

      Residential lot in Hardy, Arkansas, perfect for a dream getaway.
      19 Bernard Circle, Hardy, AR 72542
      View Details
    • $92,500

      Hardy, AR Recreational Acreage

      8.83 acres near Spring River with utilities and RV carport.
      165 River Road, Hardy, AR 72542
      View Details
    • $144,500

      Spring River Frontage Land

      9.57 acres of usable land on the Spring River.
      0 Highway 63 Highway, Hardy, AR 72542
      View Details
    • $125,000

      Hardy, AR Acreage For Sale

      8.71 +/- acres on high-traffic corridor suitable for commercial/residential.
      XX highway 62/412 Highway, Hardy, AR 72542
      View Details
    • $60,000

      Riverfront Lot in Gated Community

      Riverfront lot with concrete pad and boat dock ready!
      Block 6 Lot 42 Bluff Road, Hardy, AR 72542
      View Details
    • $469,900

      95 Acres with Highway Frontage

      95 acre property with highway frontage and mixed-use potential.
      0 63 Highway, Hardy, AR 72542
      View Details

    FAQs

    What type of property is this?
    Land - 3.3 acres of unrestricted land with creek access and utilities.
    Where is this land located?
    The property is located at 7 Asher Drive Hardy, AR.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 3.3 acres of unrestricted land with creek frontage; Existing utilities: septic, electricity, and well; Creek flows to the South Fork River, ideal for fishing and recreation
    (417) 712-1858
    We can help!
    Listing Contact
    Mindy Lawrence
    Mindy Lawrence
    Real Estate License ID: 2020021386
    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
    7 Asher Drive, Hardy, AR 72542
    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!