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

    1618 Highway 63 Hardy, AR 72542

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $175,000

    2-Acre Commercial Lot - $175,000

    Property Features for 1618 Highway 63

    General Information

    Property type
    Other commercial real estate
    Lot Size
    87,120 SF

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    Paul Hall

    Listing Agency: United Country Moody Realty, Inc. Listing Agent: Paul Hall

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property, located at 1618 Hwy 63 E Unit Yes in Hardy, Arkansas, presents a unique investment opportunity. Spanning two acres of land, this versatile parcel offers significant potential for a variety of commercial ventures. The property's strategic location along Highway 63 East ensures high visibility and convenient access for customers and employees. The absence of existing structures provides a blank canvas for development, allowing for complete customization to suit specific business needs. This presents a rare chance to build a property tailored to your exact specifications, maximizing efficiency and profitability. The substantial lot size allows for ample parking, outdoor space, or expansion possibilities. The asking price of $175,000 represents a competitive entry point into the Hardy commercial real estate market. Given the property's size, location, and development potential, this represents a strong investment opportunity with significant long-term growth prospects. Serious inquiries are encouraged to explore the possibilities this prime commercial land offers. The property is zoned for commercial use, allowing for a wide range of development options. Further details regarding zoning regulations and permitted uses are readily available upon request. Don't miss this chance to secure a valuable piece of Hardy's commercial landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.40108
    Latitude
    36.298

    Nearby Similar for Sale

    • New
      $349,900
      7,200 SF

      Versatile Commercial Property Near River

      7,200 SF commercial property near Spring River in Hardy.
      5 Spring St, Hardy, AR 72542
      View Details
    • New
      $279,000
      1,152 SF

      Hardy, AR Outfitter Business Opportunity

      Turnkey outfitter business near the Spring River for sale.
      420 Highway 63, Hardy, AR 72542
      View Details
    • $139,900
      1,590 SF

      Hardy Commercial Building on Main

      Commercial building in the heart of Hardy with unlimited potential.
      206 E Main St, Hardy, AR 72542
      View Details
    • $199,900
      2,995 SF

      Highway 63 Commercial Opportunity

      Versatile commercial property with high visibility on Highway 63.
      2516 Us Hwy 63, Hardy, AR 72542
      View Details
    • $70,000
      0.06 Acres

      Waterfront Lot on Spring River

      Riverfront lot with bunkhouse, dock, and camper near Hardy.
      3 Riv Front Rd, Hardy, AR 72542
      View Details
    • $199,900
      2,995 SF

      Highway 63 Commercial Opportunity

      Commercial property with high visibility and multiple buildings.
      2516 Us Hwy 63, Hardy, AR 72542
      View Details
    • $289,900
      3.50 Acres

      South Fork River RV Park

      RV park with river frontage and concrete parking pads.
      Griffin Rd, Hardy, AR 72542
      View Details
    • $295,000
      3,080 SF

      Hardy, AR QSR Opportunity

      High-traffic QSR/Retail Building, $295,000
      270 Main St, Hardy, AR 72542
      View Details
    • $119,000
      1,152 SF

      Hardy Hwy 63 Mixed-Use Property

      Live/Work Office w/ Hwy Frontage
      2184 Us 63, Hardy, AR 72542
      View Details
    • $387,000
      0.07 Acres

      Hardy, AR Commercial Land Opportunity

      Prime 0.07-acre lot, ideal for development.
      214 Main, Hardy, AR 72542
      View Details
    • $355,000
      0.06 Acres

      Hardy AR Commercial Land Opportunity

      Prime Hardy, AR lot, ideal for development.
      132 Main, Hardy, AR 72542
      View Details
    • $165,000
      0.26 Acres

      Hardy, AR Business Opportunity

      Prime Hardy location, 0.26-acre lot. High potential!
      302 Main, Hardy, AR 72542
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 2-Acre Commercial Lot - $175,000
    Where is this commercial real estate located?
    The property is located at 1618 Highway 63 Hardy, AR.
    What is the asking price?
    The asking price for this property is $175,000.
    Request Owner's contact information
    1618 Highway 63 Hardy, AR 72542
    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.
    1618 Highway 63
    Hardy, AR 72542
    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
    1618 Highway 63 Hardy, AR 72542
    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
    Paul Hall
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!