Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Pine Park Dr Hope, AR 71801

    Sponsored
    For Sale
    $75,000

    Commercial Lot - Hope, AR

    Lot size:
    1.00 Acre
    Days on Market:
    482
    Last Refresh:
    Jan 20 at 7:06 pm

    Property Features for Pine Park Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jackie Crider

    Walker Realty (870) 777-4700

    Listing agent Jackie Crider (870) 777-4700

    Listing date Sep 26, 2024

    MLS# 23034562 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

    Commercial Lot in Hope, AR

    This is a vacant commercial lot situated in Hope, Arkansas. The lot size is approximately 1 acre. It is located on Pine Park Drive in the 71801 postal code area of Hempstead County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.6011083426
    Latitude
    33.67988769976

    Nearby Similar for Sale

    • $225,000
      3,159 SF

      Medical Office Building on Acreage

      Medical office building with land for sale in Hope, AR.
      405 W 16Th St, Hope, AR 71801
      View Details
    • $830,000
      8,750 SF

      Auto Repair and Body Shop

      Profitable auto glass repair and body shop with expansion potential.
      900 W 3Rd St, Hope, AR 71801
      View Details
    • New
      $400,000
      5,815 SF

      Hope, AR Flower Shop Opportunity

      Established flower shop, building, and land for sale in Hope.
      501 S Main St, Hope, AR 71801
      View Details
    • $799,900
      2,077 SF

      150-Acre Farm with Updated Farmhouse

      Secluded 150-acre farm with updated farmhouse in Southwest Arkansas.
      6714 Hempstead 3, Hope, AR 71801
      View Details
    • $150,000
      7,540 SF

      Turn-Key Gym in Hope, AR

      Established fitness center for sale in downtown Hope, Arkansas.
      212 E 2Nd St, Hope, AR 71801
      View Details
    • $349,500
      1,840 SF

      Farm/Estate in HOPE, AR

      Farm/Estate property available for sale in HOPE, AR.
      856 Highway 174 NORTH, Hope, AR 71801
      View Details
    • $159,000
      1,590 SF

      Commercial Building on Corner Lot

      Commercial building with offices, kitchen, and fenced backyard.
      1404 S Main St, Hope, AR 71801
      View Details
    • $149,000
      3,800 SF

      Warehouse with Retail Potential

      3,800 sq ft warehouse with retail space in Hope, AR.
      322 Avenue A St E, Hope, AR 71801
      View Details
    • $1,250,000
      16,000 SF

      Hempstead County Poultry Farm

      45-acre poultry farm with updated broiler houses and mobile home.
      Tbd Hempstead/Highway, Hope, AR 71801
      View Details
    • $199,000
      4,000 SF

      Hope, AR Commercial Property

      4,000 sq ft commercial property suitable for various business types.
      1211 W 3Rd St, Hope, AR 71801
      View Details
    • $275,000
      3,000 SF

      Hope, AR Car Wash Property

      Car wash with building on 1.25 acres for sale.
      1308 &1309 Pne Park Dr, Hope, AR 71801
      View Details
    • New
      $1,885,000
      31,418 SF

      Shopping Center with Warehouse Space

      Shopping center with warehouse space on 2.12 acres near I-30.
      811 N Hervey St, Hope, AR 71801
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant commercial lot in an excellent location.
    Where is this commercial land located?
    The property is located at Pine Park Dr Hope, AR.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Vacant commercial lot ready for your vision.; - Excellent location, offering high visibility and accessibility.; - Coordinates provided for precise location and easy site assessment.
    (870) 703-5801
    Request Owner's contact information
    Pine Park Dr Hope, AR 71801
    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.
    Pine Park Dr
    Hope, AR 71801
    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
    Pine Park Dr Hope, AR 71801
    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

    We can help!
    Listing Contact
    Jackie Crider
    (870) 703-5801
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.