Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Acreage in Berryville, AR Title is generated by Realmo AI

    US-62 Spur Road, Berryville, AR 72616

    View on Map
    Claim this Listing
    For Sale
    $350,000

    LAND - Berryville, AR

    Lot size:
    21.00 Acres
    Added:
    Mar 5, 2025
    Days on Market:
    443
    Last Refresh:
    May 22 at 6:06 am

    Property Features for US-62 Spur Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    875-01102-000
    Lot size
    21.00 Acres

    Taxes and HOA fees

    Tax Description
    PT S 1/2 SW FRL(SEE NOTES)
    Tax Annual Amount
    28

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jon Massie

    Listing agent Jon Massie License #SA00083679

    Listing office Midwest Land Group, LLC 1176 Cr 414, Norman, AR

    Listing date Mar 5, 2025

    MLS# 1300457 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.

    HighLights

    • 21+/- acre property, one of the last large parcels within city limits.
    • Located in both commercial and residential districts, suitable for investors, developers, or business owners.
    • 650+/- feet of Highway 62 Spur frontage, 1/4 mile from Wal‑Mart.
    • Multiple utilities available: sewer, natural gas, city water, and electric.
    • Level property with a mix of pasture and mature timber.
    • Ideal balance of road frontage, privacy, and accessibility.

    Overview

    This 21+/- acre property is located in the heart of Berryville, Arkansas. Situated within city limits, this parcel resides in both the commercial and residential district. The property features 650+/- feet of Highway 62 Spur frontage and is located approximately 1/4 mile from Wal-Mart. The land offers a balance of road frontage, privacy, and accessibility. The level property includes both pasture and mature timber. Multiple utilities are available at different access points, including sewer, natural gas, city water, and electric. This property is suited for investors, developers, or business owners and offers potential for a residential development, business venture, or a private estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Berryville
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.5491
    Latitude
    36.3056

    Nearby Similar for Sale

    • $400,000
      7,180 SF

      Berryville Commercial Building on Highway 62

      Unique commercial building with high visibility on Highway 62.
      402 W Trimble Avenue, Berryville, AR 72616
      View Details
    • $389,000
      2,900 SF

      Berryville Medical District Office Space

      Move-in ready office space in the heart of the Medical District.
      201 Rice Street, Berryville, AR 72616
      View Details
    • $249,900
      4,200 SF

      Berryville Square Commercial Opportunity

      Versatile commercial property with updated systems and adaptable layout.
      106, 108, 110 E Church Avenue, Berryville, AR 72616
      View Details
    • $550,000
      8,990 SF

      Prime Investment Opportunity on Square

      Commercial building with three rental units in the heart of town.
      201-202 Public Square, Berryville, AR 72616
      View Details
    • $175,000

      Berryville Land for Development

      Large, usable land parcel in Berryville, Arkansas, near Walmart.
      Garner Lane, Berryville, AR 72616
      View Details
    • $750,000
      9,990 SF

      Restored Mixed-Use Building on Square

      Restored 1920s commercial building with multiple income streams.
      203 & 205 Public Square, Berryville, AR 72616
      View Details
    • $450,000
      5,460 SF

      Historic Mixed-Use Building For Sale

      Income-producing property with apartments, office, and restaurant in downtown.
      203 Public Square, Berryville, AR 72616
      View Details
    • $300,000
      3,586 SF

      Historic Building on the Square

      Commercial and residential investment opportunity in a historic building.
      205 Public Square, Berryville, AR 72616
      View Details
    • $110,000

      Berryville Land with River Access

      6.08 acres of pastureland with river frontage near Branson.
      Stoneriver Lane lot: 10, Berryville, AR 72616
      View Details
    • $389,000
      2,900 SF

      Medical District Professional Office Space

      Move-in ready office space in the heart of the Medical District.
      201 Rice Street, Berryville, AR 72616
      View Details
    • $339,000

      84 Acres Recreational Land, Berryville

      Prime recreational land with wooded acreage, trails, and natural springs.
      Falcon Lane, Berryville, AR 72616
      View Details
    • $236,000

      47 Acres in Carroll County

      47 acre tract with pasture, timber, and panoramic views.
      CR 734, Berryville, AR 72616
      View Details

    FAQs

    What type of property is this?
    Commercial land - 21+/- acres in the heart of Berryville, Arkansas.
    Where is this commercial land located?
    The property is located at US-62 Spur Road Berryville, AR.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 21+/- acre property, one of the last large parcels within city limits.; Located in both commercial and residential districts, suitable for investors, developers, or business owners.; **650+/- feet of Highway 62 Spur frontage, 1/4 mile from Wal‑Mart.**
    (785) 313-0981
    We can help!
    Listing Contact
    Jon Massie
    Real Estate License ID: SA00083679
    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
    US-62 Spur Road, Berryville, AR 72616
    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!