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    Versatile Commercial Property in Pangburn Title is generated by Realmo AI

    119 Ge-Mar, Pangburn, AR 72121

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    Claim this Listing
    For Sale
    $379,900

    COMMERCIAL - Pangburn, AR

    Property size:
    8,460 SF
    Lot size:
    2.85 Acres
    Price / SF:
    $44/SF
    Added:
    Apr 19, 2026
    Days on Market:
    34
    Last Refresh:
    May 22 at 3:06 am

    Property Features for 119 Ge-Mar

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Kitchen Area
    Exterior features
    Overhead Doors
    Standard status
    Active
    Size
    8,460 SF
    Lot size
    2.85 Acres

    Taxes and HOA fees

    Tax Description
    10-09-08
    Tax Annual Amount
    972

    Building Details

    Year built
    1999
    Floors in Building
    1
    Flooring type
    Concrete

    We can help!

    Listing Contact
    Nikki Turney

    Listing agent Nikki Turney

    Listing office McKenzie Realty Group 400 W Main St, Heber Springs, AR

    Listing date Apr 19, 2026

    MLS# 26015540

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Over 8,400 sq ft of shop and warehouse space on 2.85 acres with city water and sewer.
    • Over 6300 sq ft is heated/cooled, including a newer, fully foam‑insulated 30x60 shop for energy efficiency.
    • Equipped with three‑phase power, ideal for various commercial and recreational uses.
    • Multiple roll‑up bays and gravel access facilitate truck and equipment operations.
    • Includes 2 separate office areas with outdoor entrances and multiple bathrooms.
    • Functioning shale pit on site provides added value and future expansion potential.

    Overview

    This commercial property offers over 8,400 square feet of shop and warehouse space situated on 2.85 acres. It is equipped with three-phase power and is suited for contractors, service-based businesses, equipment operations, or recreational use. Over 6,300 square feet is heated and cooled, with a newer 30x60 shop that is fully foam-insulated. The layout includes two separate office areas with outdoor entrances; one has an office and a bathroom, while the other contains two offices and a bathroom. The work area also includes a third bathroom and a kitchen/break area. Exterior features include gravel access around the building with multiple roll-up bays. A covered outdoor storage area with a roll-up door leads to a large, fully enclosed storage area. A functioning shale pit on site provides added value and future expansion potential with additional acreage beyond the pit. The property has city water and sewer. Continued improvements including additions, HVAC, electrical and site enhancements have been made.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Pangburn
    County
    White
    State
    Arkansas
    Longitude
    -91.7663
    Latitude
    35.4331

    FAQs

    What type of property is this?
    Warehouse - 8,400 sq ft shop and warehouse on 2.85 acres.
    Where is this warehouse located?
    The property is located at 119 Ge-Mar Pangburn, AR.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: Over 8,400 sq ft of shop and warehouse space on 2.85 acres with city water and sewer.; Over 6300 sq ft is heated/cooled, including a newer, fully foam‑insulated 30x60 shop for energy efficiency.; Equipped with three‑phase power, ideal for various commercial and recreational uses.
    (870) 897-8333
    We can help!
    Listing Contact
    Nikki Turney
    Learn More
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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
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