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    Versatile Property with Multiple Structures Title is generated by Realmo AI

    16041 Clyde Road, Canehill, AR 72717

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    For Sale
    $399,999

    Rural property featuring homes, barns, chicken houses, and garden.

    Type:Farm
    Property size:
    984 SF
    Price / SF:
    $406/SF
    Added:
    Sep 14, 2025
    Days on Market:
    251
    Last Refresh:
    Apr 1 at 9:07 pm

    Property Features for 16041 Clyde Road

    General Information

    Standard status
    Active
    Size
    984 SF
    Property subtype
    Farm

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Rylan Sims

    Listing agent Rylan Sims

    Listing office First Star Realty

    Listing date Sep 14, 2025

    Source Xome

    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 First Star Realty

    HighLights

    • Two Homes: Ideal for multi‑family living or rental income.
    • Multiple Outbuildings: Three barns/sheds provide ample space.
    • Former Tyson Chicken Houses: Four poultry houses offer repurposing potential.
    • Established Garden Space: Approximately one acre is perfect for growing.
    • Rural Parcel: Versatile property suitable for investors.
    • Additional Structures: Three barns/sheds for equipment or animals.

    Overview

    This versatile property is situated on a rural parcel and includes two homes, three barns or sheds, four former Tyson chicken houses, and approximately one acre of established garden space. The primary mobile home features 3 bedrooms and 2 bathrooms, while the second home includes 3 bedrooms and 1 bath. Both residences require repairs and updates but offer potential for multi-family living, rental income, or a live-and-renovate arrangement. The four poultry houses were previously leased through Tyson, but that lease has ended, providing new owners with the flexibility to repurpose the structures for agri-business, storage, or other uses. The three outbuildings offer additional space for equipment, tools, or animals. The property includes three established gardens, totaling roughly one acre, suitable for growing produce or developing a small farmstead. The property is suited for investors, hobby farmers, or those looking to build equity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Canehill
    County
    Washington
    State
    Arkansas
    Longitude
    -94.4022
    Latitude
    35.877853

    FAQs

    What type of property is this?
    Farm - Rural property featuring homes, barns, chicken houses, and garden.
    Where is this farm located?
    The property is located at 16041 Clyde Road Canehill, AR.
    What is the asking price?
    The asking price for this property is $399,999.
    What are key features of this property?
    This property features: Two Homes: Ideal for multi‑family living or rental income.; Multiple Outbuildings: Three barns/sheds provide ample space.; Former Tyson Chicken Houses: Four poultry houses offer repurposing potential.
    (479) 530-2479
    We can help!
    Listing Contact
    Rylan Sims
    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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