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    The Largest CRE Database in the US with Over 1 Million Listings

    804 Banks Rd Hardy, AR 72542

    Sponsored
    For Sale
    $1,725,000

    Ranch, Agriculture/Farm/Ranch - Hardy, AR

    Type:Farm
    Property size:
    4,800 SF
    Lot size:
    440.00 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 23 at 10:06 pm

    Property Features for 804 Banks Rd

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
    Bedrooms
    3
    Bathrooms
    3
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    Water Heater-electric, Central Vacuum, Kit Counter-formica
    Exterior features
    Deck, Fully Fenced, Outside Storage Area, Shop, Cross-fenced, Barns/Buildings, Livestock Allowed, Stock Pond, Cattle, Horses
    Fencing
    Cross Fenced, Fenced, Full
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Refrigerator
    Size
    4,800 SF
    Lot size
    440.00 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Fireplace(s), Geothermal (Heating)
    Water front features
    Year Round Creek

    Building Details

    Year built
    1989
    Floors in Building
    1
    Flooring type
    Laminate, Wood
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Barn(s), Storage

    We can help!

    Listing Contact
    KEVIN GROOMS

    United Country - Cozort Realty, Inc. (417) 264-7288

    Listing agent Kevin Grooms (417) 264-7288

    Listing date Jan 19, 2026

    MLS# 25023293 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

    440-Acre Ozarks Ranch Retreat

    This 440-acre property in the Ozarks offers a blend of natural beauty and functional infrastructure. The land includes 165 acres of wooded areas and 275 acres of open land suitable for hayfields and grazing. Water resources are abundant, with 9 ponds (some stocked), 7 springs, and the South Fork of Martin’s Creek flowing through the property. The main residence is a 4,800 sq ft home featuring a wraparound porch, with a 3-bed, 2-bath layout upstairs and a nearly finished 2-bed, 2-bath space below. Solar panels contribute to energy efficiency. The property also features fruit trees, including apple, pear, peach, and plum varieties, along with a greenhouse. For livestock management, there are two corral setups, fencing and cross-fencing, and a large shop/barn equipped with concrete floors, electricity, and water. The property offers multiple building spots and marketable timber.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DIAMOND C/L RANCH Ranch

    Map

    City
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.360189
    Latitude
    36.399624

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    FAQs

    What type of property is this?
    Ranch - Secluded ranch featuring a home, ponds, and agricultural infrastructure.
    Where is this ranch located?
    The property is located at 804 Banks Rd Hardy, AR.
    What is the asking price?
    The asking price for this property is $1,725,000.
    What are key features of this property?
    This property features: - 440± acre ranch/retreat with diverse land use.; - **4,800 sq ft home with wraparound porch**, featuring a 3 bed, 2 bath layout upstairs.; - **Abundant water resources:** 9 ponds, 7 springs, and the South Fork of Martin’s Creek.
    (417) 280-6571
    Request Owner's contact information
    804 Banks Rd Hardy, AR 72542
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    Hardy, AR 72542
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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
    804 Banks Rd Hardy, AR 72542
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    We can help!
    Listing Contact
    KEVIN GROOMS
    Real Estate License ID: 2015040146
    (417) 280-6571
    Learn more
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