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    201 Bay Dr Bay, AR 72411

    Sponsored
    For Sale
    $189,900

    Half-acre lot, ideal for various businesses.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    351
    This exceptional commercial property, located at 201 Bay in Bay, Arkansas, presents a unique investment opportunity. Situated on a desirable half-acre lot, this general commercial property offers significant potential for a wide range of business ventures. The property's address places it in a high-traffic area, ensuring excellent visibility and accessibility for customers. The generous 0.5-acre lot provides ample space for building expansion, outdoor operations, or ample parking. The asking price of $189,900 represents a compelling value for a property of this size and location in Bay, Arkansas. While the square footage is currently unavailable, the substantial lot size allows for considerable flexibility in development and design. This property is perfect for entrepreneurs seeking a strategic location to establish or expand their business. Its prime location and versatile nature make it an attractive option for a variety of commercial uses, from retail to office space, or even a mixed-use development. The opportunity to acquire a property of this caliber in a thriving Arkansas community is rare and should not be missed. Serious inquiries are encouraged to explore the full potential of this exceptional commercial offering. Further details regarding zoning and permitted uses are readily available upon request.

    Property Features for 201 Bay Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    21,780 SF

    We can help!

    Listing Contact
    J.C. Cox

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop Wholesale Shop Kitchen & Bath Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.56462
    Latitude
    35.73841

    Nearby Comparable

    • $180,000
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      Established Restaurant Business Opportunity

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      Retail Property in Bay, Arkansas

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    • New
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      Acreage with Development Potential

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    • New
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      Acreage with Development Potential

      2.92 acres zoned R-3, suitable for townhomes, apartments, or condos.
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    • New
      $217,700
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      Residential Lot in Bay, Arkansas

      3.11 acre lot zoned R-3 with city utilities.
      3R Colony Cir, Bay, AR 72411
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    Nearby Similar for Sale

    • $180,000
      1,920 SF

      Established Restaurant Business Opportunity

      Turnkey restaurant with loyal customer base in Bay, Arkansas.
      207 N Bay Dr, Bay, AR 72411
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    • $195,000
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      Retail Property in Bay, Arkansas

      Retail property for sale, currently operating as a day care.
      101 School St, Bay, AR 72411
      View Details
    • $195,000
      2,884 SF

      Operating Day Care in Bay, AR

      Day care center for sale with existing lease.
      101 School St, Bay, AR 72411
      View Details
    • $199,900
      0.07 Acres

      Bay, AR Commercial Lot - Prime Location

      0.07-acre lot, ideal for development. High-traffic area.
      101 School St, Bay, AR 72411
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Half-acre lot, ideal for various businesses.
    Where is this commercial real estate located?
    The property is located at 201 Bay Dr Bay, AR.
    What is the asking price?
    The asking price for this property is $189,900.
    Request Owner's contact information
    201 Bay Dr Bay, AR 72411
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    Bay, AR 72411
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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
    201 Bay Dr Bay, AR 72411
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    Listing Contact
    J.C. Cox
    Learn more
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