Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Downtown Nashville Title is generated by Realmo AI

    121 W Hale St, Nashville, AR 71852

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $200,000

    Approximately 10.57-acre commercial property in downtown Nashville with railway access.

    Type:Land
    Lot size:
    10.57 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    676
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 121 W Hale St

    General Information

    Standard status
    Active
    Lot size
    10.57 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Melinda Bennett

    Listing agent Melinda Bennett

    Listing office Ray's Realty - Nashville

    Listing date Jul 15, 2024

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Ray's Realty - Nashville

    HighLights

    • Prime downtown Nashville location.
    • Substantial acreage: Approx. 10.57 acres.
    • Commercial property suitable for development.
    • Railway access.
    • Ideal for various commercial ventures.
    • Significant investment potential.

    Overview

    This commercial property, encompassing approximately 10.57 acres, is situated in downtown Nashville. A notable feature of the property is its railway access, potentially facilitating transportation and logistical operations.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Nashville
    County
    Howard
    State
    Arkansas
    Longitude
    -93.8426
    Latitude
    33.9388

    Nearby Similar for Sale

    • $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 Street, Nashville, AR 71852
      View Details
    • $550,000
      6,700 SF

      Nashville Commercial Building on Main

      6700 SF commercial building with large parking lot.
      103 N Main Street, Nashville, AR 71852
      View Details
    • $115,000
      600 SF

      Retail Building on Large Lot

      Retail building with drive-thru potential on a 0.87-acre lot.
      1101 S fourth Street, Nashville, AR 71852
      View Details
    • $2,750,000
      3,483 SF

      Profitable Truck Stop and Gas

      New truck stop and gas mart in Nashville, Arkansas.
      407 hwy 27 Byp, Nashville, AR 71852-8861
      View Details
    • $175,000
      6,100 SF

      Retail and Warehouse Building

      Commercial building with retail storefront and warehouse space in Nashville.
      120 E Howard Street, Nashville, AR 71852
      View Details
    • $765,000

      Howard County Recreational Land with Lake

      197.94 acre recreational land with 31 acre lake.
      4338 Nathan Road, Nashville, AR 71852
      View Details
    • $14,500

      Commercial Lot Near Busy Intersection

      Commercial lot near a well-traveled intersection, suitable for business.
      TBD S Price Street, Nashville, AR 71852
      View Details
    • $661,250

      132 Acres of Pastureland

      132-acre pastureland with ponds, well, and equipment shed near Nashville.
      Longview Road, Nashville, AR 71852
      View Details
    • $925,000

      Nashville Multifamily Investment Opportunity

      32-pad multifamily property in Nashville, Arkansas.
      121 S Pine Street, Nashville, AR 71852
      View Details
    • $2,995,000

      Fully Leased Retail Investment Property

      Income-producing retail property with long-term tenants in high-traffic location.
      1716 South 4th Street, Nashville, AR 71852
      View Details
    • Contact for pricing
      41,785 SF

      Nashville Retail Anchor Opportunity

      Retail center with anchor space in Nashville, Arkansas.
      1715 South 4th Street, Nashville, AR 71852
      View Details
    • $75,000

      5 Acres Inside City Limits

      5 acres in Nashville, AR with city utilities available.
      TBD Trenton Blvd., Nashville, AR 71852
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 10.57-acre commercial property 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: Prime downtown Nashville location.; Substantial acreage: Approx. 10.57 acres.; Commercial property suitable for development.
    (870) 845-2900
    We can help!
    Listing Contact
    Melinda Bennett
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    121 W Hale St, Nashville, AR, 71852-2423
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!