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

    1051 Peterson Ave Decatur, AR 72722

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,900,000

    Unique Arkansas property with airport, lake views, and development potential.

    Property size:
    28,042 SF
    Lot size:
    231.00 Acres

    Property Features for 1051 Peterson Ave

    General Information

    Standard status
    Active
    Size
    28,042 SF
    Lot size
    231.00 Acres

    We can help!

    Listing Contact
    Brande Weidler
    Source: Exitrealty

    Listing Agency: Better Homes and Gardens Real Estate Journey Bento Listing Agent: Brande Weidler

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

    Learn more

    Overview

    230-Acre Property with Private Airport

    This expansive 230-acre property in Arkansas features a private airport with a 3/4-mile-long paved runway, five fuel tanks, and 18000 sq ft of hangar storage. The property offers lakefront views and direct access to two major highways, ensuring convenience for transportation and logistics. It is suitable for aviation enthusiasts, business owners, or developers. Potential uses include expanding an aviation business, building a custom retreat, developing a mixed-use commercial venture, or developing an air-park residential community. There are three existing homes on the property.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Daycare Center Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Benton
    State
    Arkansas
    Longitude
    -94.4381
    Latitude
    36.3376

    Nearby Similar for Sale

    • Contact for pricing
      7,600 SF

      Decatur Retail Building For Sale

      7,600 SF retail building near Highway 59 in Decatur, AR.
      722 Highway 59 S, Decatur, AR 72722
      View Details
    • $575,000
      17.04 Acres

      Decatur, AR Development Opportunity

      Operating poultry houses on 17.04 acres with development potential.
      9210 Limekiln Rd, Decatur, AR 72722
      View Details
    • $1,800,000
      2,500 SF

      Decatur Rental Income Property Package

      Unique property with multiple rentals and expansion potential in Decatur.
      8030 La Croix Rd, Decatur, AR 72722
      View Details
    • $3,971,500
      158.86 Acres

      158 Acres with Private Lake

      Rare Northwest Arkansas property with lake, pasture, and development potential.
      159 Acres Mol Safari Rd, Decatur, AR 72734
      View Details
    • $7,600,000
      23,670 SF

      Northwest Arkansas Ranch with Warehouse

      145-acre ranch featuring a barndominium and 20,000 sqft shop.
      18020 Y City Rd, Decatur, AR 72722
      View Details
    • $2,550,000
      Pending

      Established Truck Stop For Sale

      14,280 SF truck stop with multiple revenue streams.
      1190 Highway 59, Decatur, AR 72722
      View Details
    • $180,000
      3,156 SF

      Decatur, AR Rental Income Package

      Three mobile homes with potential for additional rental income.
      1188 Ar-102 Hwy, Decatur, AR 72722
      View Details
    • $2,975,000
      14,820 SF

      Highway 59 Commercial Complex

      Profitable Truck Stop & Convenience Store
      1190 Highway 59, Decatur, AR 72722
      View Details

    FAQs

    What type of property is this?
    Aviation real estate - Unique Arkansas property with airport, lake views, and development potential.
    Where is this aviation real estate located?
    The property is located at 1051 Peterson Ave Decatur, AR.
    What is the asking price?
    The asking price for this property is $6,900,000.
    What are key features of this property?
    This property features: - Private airport with a 3/4-mile paved runway and 18000 sq ft hangar storage.; - Expansive 230-acre property.; - Direct access to two major highways.
    (479) 387-1534
    Request Owner's contact information
    1051 Peterson Ave Decatur, AR 72722
    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.
    1051 Peterson Ave
    Decatur, AR 72722
    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
    1051 Peterson Ave Decatur, AR 72722
    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
    Brande Weidler
    Real Estate License ID: EB00083125
    (479) 387-1534 (479) 319-3737 (479) 685-6962
    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!