Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    16 Acres with Storage Facility Title is generated by Realmo AI

    11722 Hwy 63 S, Hardy, AR 72542

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    16 acres with storage, building, well, and highway frontage.

    Type:Industrial, Land
    Property size:
    900 SF
    Lot size:
    16.00 Acres
    Price / SF:
    $244/SF
    Added:
    Apr 8, 2025
    Days on Market:
    400
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 11722 Hwy 63 S

    General Information

    Standard status
    Active
    Size
    900 SF
    Lot size
    16.00 Acres
    Property subtype
    Industrial, Land

    We can help!

    Listing Contact
    Tabitha Richey

    Listing agent Tabitha Richey License #AR

    Listing office CENTURY 21 PORTFOLIO

    Listing date Apr 8, 2025

    Source Crexi

    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 CENTURY 21 PORTFOLIO

    HighLights

    • 24‑unit storage facility for immediate income potential
    • 16 acres with highway frontage offering business growth opportunities
    • 30x30 metal building suitable for home or shop
    • Private well providing independent water source
    • Located on Hwy 63, North of Hardy, Arkansas
    • Small creek on the back of the property

    Overview

    The property encompasses 16 acres and includes a 24-unit storage facility along with a 30x30 metal building suitable for use as a home or shop. It features a private well and a small creek situated at the rear of the property. The site offers highway frontage and potential for expansion. The existing storage facility provides an opportunity for business. The property is located on Highway 63, just north of Hardy, Arkansas. The metal building has a size of 900 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.479909
    Latitude
    36.371045

    Nearby Similar for Sale

    • $349,900
      7,200 SF

      Versatile Commercial Property Near River

      7,200 SF commercial property near Spring River in Hardy.
      5 Spring Street, Hardy, AR 72542
      View Details
    • $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
    • $149,900

      Highway Frontage Commercial Acreage

      5.4+/- acres with highway frontage and expansion potential.
      2275 Highway 63, Hardy, AR 72542
      View Details
    • $39,900
      4,212 SF

      Highland, AR Commercial Vacant Land

      Prime commercial land with existing concrete slabs and plumbing.
      000 Louann, Highland, AR 72542
      View Details
    • $195,000

      Spring River Buildable Lots

      Six buildable lots on the Spring River with private access.
      377 Springwood Ter, Hardy, AR 72542
      View Details
    • $155,000

      Recreational Land Near Kiwanie Lake

      5.44 acres with lake frontage, utilities, and amenities.
      28 Kiwanie Circle, 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 Highway 63, Hardy, AR 72542
      View Details
    • $5,500

      Land in Hardy, Arkansas

      Residential lot in Hardy, Arkansas, perfect for a dream getaway.
      19 Bernard Circle, Hardy, AR 72542
      View Details
    • $155,000

      Hardy, AR Recreational Land

      5.44 acres with lake frontage, utilities, and recreational amenities.
      28 Kiwanie Drive, Hardy, AR 72542
      View Details
    • $144,500

      Spring River Frontage Land

      9.57 acres of usable land on the Spring River.
      0 Highway 63 Highway, Hardy, AR 72542
      View Details
    • $125,000

      Hardy, AR Acreage For Sale

      8.71 +/- acres on high-traffic corridor suitable for commercial/residential.
      XX highway 62/412 Highway, Hardy, AR 72542
      View Details
    • $60,000

      Riverfront Lot in Gated Community

      Riverfront lot with concrete pad and boat dock ready!
      Block 6 Lot 42 Bluff Road, Hardy, AR 72542
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 16 acres with storage, building, well, and highway frontage.
    Where is this self storage facility located?
    The property is located at 11722 Hwy 63 S Hardy, AR.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: 24‑unit storage facility for immediate income potential; 16 acres with highway frontage offering business growth opportunities; 30x30 metal building suitable for home or shop
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tabitha Richey
    Real Estate License ID: AR
    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
    11722 Hwy 63 S, Hardy, AR 72542
    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!