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    Hervey St Hope, AR 71801

    Sponsored
    For Sale
    $125,000

    0.72-acre lot, $125,000

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.72-acre parcel of land presents a unique investment opportunity in the thriving town of Hope, Arkansas. Located in Hervey, this property offers significant potential for a variety of uses, making it an attractive prospect for both developers and individual investors. The expansive 0.72 acres provide ample space for a range of projects, from residential construction to commercial development, subject to local zoning regulations. The property's location within Hervey offers convenient access to local amenities and services, while still maintaining a sense of tranquility and privacy. Given its size and strategic location, this land presents a compelling opportunity to build a custom home, establish a small business, or develop a multi-unit residential complex. The asking price of $125,000 represents a competitive value in the current market, making this an attractive investment with considerable upside potential. Serious inquiries are encouraged to explore the possibilities this property offers. Further due diligence is recommended to confirm zoning regulations and potential development opportunities. This is a rare chance to acquire a substantial piece of land in a desirable location, ready for its next chapter. Don't miss this chance to secure your piece of Hope, Arkansas.

    Property Features for Hervey St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.59719
    Latitude
    33.66869

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    FAQs

    What type of property is this?
    Commercial real estate - 0.72-acre lot, $125,000
    Where is this commercial real estate located?
    The property is located at Hervey St Hope, AR.
    What is the asking price?
    The asking price for this property is $125,000.
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    Hervey St Hope, AR 71801
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    Realmo Value Estimation

    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.

    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.

    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
    Hervey St Hope, AR 71801
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