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    945 Polk Road 72 Mena, AR 71953

    View on Map
    Sponsored
    For Sale
    $1,200,000

    Commercial - Mena, AR

    Property size:
    3,700 SF
    Lot size:
    50.00 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 19 at 9:06 pm

    Property Features for 945 Polk Road 72

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    100
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Laundry
    Bathrooms
    4
    APN
    0000-00283-0000
    Parking features
    Garage
    Exterior features
    Balcony
    Size
    3,700 SF
    Lot size
    50.00 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Year renovated
    2008
    Floors in Building
    2
    Flooring type
    Hardwood, Tile
    Building materials
    Stucco
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Keith Williams

    ONEAL REAL ESTATE LLC-FORT SMITH (479) 243-4600

    Listing agent Keith Williams (479) 243-4600

    Listing date Mar 11, 2026

    MLS# 11637178 Listing URL

    Copyright © 2026 My State MLS. 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

    50 Acres Bordering National Forest

    This property, set on approximately 50 acres bordering the Ouachita National Forest, offers an opportunity for investors seeking a recreational short-term rental, private hunting retreat, or multi-use outdoor destination. With direct access to over 1.8 million acres of public forest, the location is suited for VRBO/Airbnb use, guided hunts, trail riding groups, and outdoor enthusiasts seeking seclusion, acreage, and unrestricted recreation. The approximately 3,700 sq ft residence provides the scale and layout necessary to accommodate large groups, featuring 4 bedrooms and 3.5 baths with durable finishes designed for guest turnover and long-term use. The flexible floor plan allows for multiple sleeping arrangements, gear storage, and communal gathering areas. Expansive windows capture forest views while filling the home with natural light. The spacious kitchen is equipped with black granite countertops, a large island, and ample prep space. A private balcony off the primary suite adds an additional amenity. The acreage offers privacy, on-site target practice areas, open ground suitable for hay production or lease income, and immediate access for ATV, UTV, horseback, and trail riding traffic from the National Forest. Wildlife is abundant. A 30x50 shop with a 13x50 lean-to supports equipment storage, trailers, tractors, side-by-sides, and rental operations. This property offers multiple revenue streams with limited nearby competition and is located in Mena, AR 71953.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mena
    County
    Polk
    State
    Arkansas
    Longitude
    -94.002831
    Latitude
    34.61061

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    FAQs

    What type of property is this?
    Recreation land - 50-acre property bordering Ouachita National Forest with 3,700 sq ft residence.
    Where is this recreation land located?
    The property is located at 945 Polk Road 72 Mena, AR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Direct access to over 1.8 million acres of Ouachita National Forest for recreation and hunting.; - ~3,700 sq ft residence featuring 4 bedrooms and 3.5 baths, perfect for large groups and short-term rentals.; - 50 acres of private land offers seclusion and potential for hay production.
    (479) 242-4600
    Request Owner's contact information
    945 Polk Road 72 Mena, AR 71953
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    Mena, AR 71953
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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
    945 Polk Road 72 Mena, AR 71953
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    Listing Contact
    Keith Williams
    (479) 242-4600 (479) 243-4600
    Learn more
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