Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    121 W Hale St Nashville, AR 71852

    Sponsored
    For Sale
    $200,000

    Commercial Lot - Nashville, AR

    Lot size:
    10.57 Acres
    Days on Market:
    242
    Last Refresh:
    Jan 31 at 10:06 pm

    Property Features for 121 W Hale St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    10.57 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Melinda Bennett

    Ray and Associates Real Estate-Nashville (870) 845-2900

    Listing agent Melinda Bennett (870) 845-2900

    Listing date Jun 4, 2025

    MLS# 23031695 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Nashville Commercial Land with Railway

    This commercial property, approximately 10.57 acres, is located in downtown Nashville. The property features railway access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Howard
    State
    Arkansas
    Longitude
    -93.849101
    Latitude
    33.938136

    Nearby Similar for Sale

    • $2,750,000
      3,483 SF

      Profitable Truck Stop and Gas

      New truck stop and gas mart in Nashville, Arkansas.
      407 Highway 27 Byp, Nashville, AR 71852
      View Details
    • $295,000
      6,384 SF

      Commercial Building and Land

      Commercial building on 1.37 acres with highway frontage.
      1545 Hwy. 27 S, Nashville, AR 71852
      View Details
    • $2,995,000
      13,359 SF

      Fully Leased Retail Center

      High-traffic retail center in Nashville, Arkansas, fully leased and income-producing.
      1716 S 4Th St, Nashville, AR 71852
      View Details
    • $350,000
      9,204 SF

      Nashville Commercial Building and Land

      9204 SF building on 2.14 acres in Nashville, AR.
      625 N Main St, Nashville, AR 71852
      View Details
    • $270,000
      2,115 SF

      Nashville Office Building and Land

      Commercial building in Nashville, Arkansas, with office space.
      527 N Main St, Nashville, AR 71852
      View Details
    • $175,000
      3,000 SF

      Office Space in Nashville, AR

      Office space with storage area in Nashville, Arkansas.
      106 S Main St, Nashville, AR 71852
      View Details
    • $175,000
      6,100 SF

      Retail and Warehouse Building

      Commercial building with retail storefront and warehouse space in Nashville.
      120 E Howard St, Nashville, AR 71852
      View Details
    • $299,000
      3,100 SF

      Retail Storefront on Main Street

      Retail property on high-traffic N Main St in Nashville, AR.
      103 N Main St, Nashville, AR 71852
      View Details
    • $110,000
      10,000 SF

      Large Building and Land

      Large building with storage and business potential in Nashville.
      117 Shepard St, Nashville, AR 71852
      View Details
    • $77,500
      2,968 SF

      Retail Storefront on Main Street

      Retail storefront on Main St. with approximately 2968 Sq. Ft.
      112 S Main St, Nashville, AR 71852
      View Details
    • $115,000
      600 SF

      Nashville Commercial Property

      Versatile 600 sq ft office/retail space
      1101 4Th St, Nashville, AR 71852
      View Details
    • $675,000
      9,497 SF

      Downtown Nashville Office Building

      Historic Charm, Modern Office Space
      103 Main St, Nashville, AR 71852
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.57 acre commercial lot in downtown Nashville with railway access.
    Where is this commercial land located?
    The property is located at 121 W Hale St Nashville, AR.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Large commercial property: Approximately 10.57 acres.; - Prime downtown Nashville location.; - Railway access.
    (870) 451-2226
    Request Owner's contact information
    121 W Hale St Nashville, AR 71852
    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.
    121 W Hale St
    Nashville, AR 71852
    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
    121 W Hale St Nashville, AR 71852
    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
    Melinda Bennett
    (870) 451-2226
    Learn more
    Google sign-in failed. Please try again or use another login method.