Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    PR 3846 Lamar, AR 72846

    View on Map
    For Sale
    $100,000

    Mixed Use - Lamar, AR

    Type:Mixed Use
    Lot size:
    20.00 Acres
    Added:
    Feb 25, 2025
    Days on Market:
    401
    Last Refresh:
    Apr 2 at 3:06 am

    Property Features for PR 3846

    General Information

    Property type
    Land
    Property subtype
    Mixed Use
    Standard status
    Active
    APN
    001-00452-000, 001-00447-000
    Lot size
    20.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashton Smith

    Listing agent Ashton Smith

    Listing office Arkansas Real Estate Collective 500 West Main St Ste 405, Russellville, AR

    Listing date Feb 25, 2025

    MLS# AV25-328 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.

    Overview

    Lamar, AR Land Opportunity

    This 20+/- acre property in Lamar, AR, presents considerable potential, featuring scenic views that could be further enhanced with some clearing. Electric access is conveniently available at the street. The expansive acreage provides privacy and space for outdoor activities. This property is suitable for building a secluded retreat or investing in land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Lamar
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.2786
    Latitude
    35.4944

    Nearby Similar for Sale

    • $139,900
      3,472 SF

      Income-Producing Mini Storage Complex

      28-unit mini storage complex on US Hwy 64.
      127 W Main Street, Lamar, AR 72846
      View Details
    • $650,000

      73 Acres Family Farm - Lamar

      Family farm with pastures, timber, ponds, and farmhouse near I-40.
      1250 CR 2651, Lamar, AR 72846
      View Details
    • $480,000

      Family Farm Near Interstate 40

      53-acre family farm with pastures, timber, ponds, and farmhouse.
      1250 CR 2651, Lamar, AR 72846
      View Details
    • $85,000

      Commercial Land in Growing Area

      2.76-acre commercial property in a rapidly growing area.
      000 Hwy 64, Lamar, AR 72846
      View Details
    • $39,900

      Commercial Corner Lot on Highway

      Highly visible commercial lot with highway frontage in Lamar, AR.
      1.67 Acres +/- off US HWY 64 and Cazort Street, Lamar, AR 72846
      View Details
    • $85,000

      Commercial Land in High-Growth Area

      2.76-acre commercial property in a rapidly growing area.
      000 64 Highway, Lamar, AR 72846
      View Details
    • $116,000

      Lamar, AR: 11 Acre Property

      11 acre property with pond, suitable for residential development.
      County Road 2510, Lamar, AR 72846
      View Details
    • $116,000

      Lamar, AR Acreage with Pond

      11-acre property with pond, seasonal river view near town.
      County Road 2510, Lamar, AR 72846
      View Details
    • $130,000

      7.71 Acres Fenced Pasture Land

      7.71 acres of fenced pasture land with barn and utilities.
      500 Duff RD, Lamar, AR 72846
      View Details
    • $154,900

      Lamar, AR - 13 Acres

      13+ acre lot with development potential in Lamar, Arkansas.
      1687 COUNTY ROAD 3581, Lamar, AR 72846
      View Details
    • $32,900

      Commercial Lot in Central Lamar

      Located near amenities, this lot is ready for development.
      000 Johnsonville, Lamar, AR 72846
      View Details
    • $1,500,000

      Lamar, AR Mixed-Use Property

      280+/- acre property with hardwood forest, pasture, and home.
      495 Co Rd 3867, Lamar, AR 72846
      View Details

    FAQs

    What type of property is this?
    Land - 20+/- acre property with scenic views and electric access.
    Where is this land located?
    The property is located at PR 3846 Lamar, AR.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Expansive 20+/- acre property offering privacy and space.; Scenic views with potential for enhanced vistas with clearing.; Electric access available at the street for easy utility connection.
    (479) 280-1999
    We can help!
    Listing Contact
    Ashton Smith
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!