Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Acreage Near I-555 Title is generated by Realmo AI

    3 Colony Circle, Bay, AR 72411

    View on Map
    Claim this Listing
    For Sale
    $217,700

    Acreage - Bay, AR

    Lot size:
    3.11 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    129
    Last Refresh:
    May 22 at 3:06 am

    Property Features for 3 Colony Circle

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-3
    Standard status
    Active
    APN
    10-135174-02400
    Lot size
    3.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Meredith Edwards
    Meredith Edwards

    Listing agent Meredith Edwards License #00056487

    Listing office Coldwell Banker Village Communities Inc 2704 S Culberhouse #a, Jonesboro, AR

    Listing date Jan 13, 2026

    MLS# 10127049 Listing URL

    Copyright © 2026 Northeast Arkansas Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent potential for multi‑family, mixed‑use, or commercial development.
    • Conveniently located just off I‑555.
    • Property is currently zoned R‑3.
    • City utilities are available on‑site.
    • Property has been removed from the flood zone.
    • Additional acreage available for expansion.

    Overview

    This 3.11-acre development acreage is conveniently located just off I-555 in Bay, Arkansas. The property is currently zoned R-3, and city utilities are available on-site. Additional acreage is available for expansion. The property has been removed from the flood zone. The City of Bay is open to rezoning for commercial use, offering excellent potential for multi-family, mixed-use, or commercial development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Storage Facility Furniture & Home Goods Electrical Service (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.573615
    Latitude
    35.751606

    Nearby Similar for Sale

    • $195,000
      2,884 SF

      Retail Property in Bay, Arkansas

      Retail property for sale, currently operating as a day care.
      101 School Street, Bay, AR 72411
      View Details
    • $349,900

      Bay AR Land For Sale

      13.5 acre lot suitable for commercial or residential development.
      14 Highway 463, Bay, AR 72411
      View Details
    • $204,400

      Acreage with Development Potential

      2.92 acres zoned R-3, suitable for townhomes, apartments, or condos.
      2 Colony Circle, Bay, AR 72411
      View Details
    • $195,000
      2,884 SF

      Operating Day Care in Bay, AR

      Day care center for sale with existing lease.
      101 School Street, Bay, AR 72411
      View Details
    • $204,400

      Land in Bay, Arkansas

      3.11 acres zoned R-3 near I-555 in Bay, AR.
      2R Colony Circle, Bay, AR 72411
      View Details
    • $217,700

      Land For Sale in Bay

      Acreage off I-555 zoned R-3 with city utilities.
      3R Colony Circle, Bay, AR 72411
      View Details
    • $125,000

      Commercial Land in Bay, Arkansas

      1.5-acre commercial lot off I-555, near Jonesboro.
      140 Colony Circle, Bay, AR 72411
      View Details
    • $225,000

      Commercial Land Near Interstate 555

      1.1-acre commercial lot located off Interstate 555.
      140 Colony Circle, Bay, AR 72411
      View Details
    • $349,900

      Land in Bay, Arkansas

      13.5 acre property suitable for commercial or residential development.
      13.50 acres Hwy 463, Bay, AR 72411
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.11 acres in Bay, AR, ideal for development.
    Where is this commercial land located?
    The property is located at 3 Colony Circle Bay, AR.
    What is the asking price?
    The asking price for this property is $217,700.
    What are key features of this property?
    This property features: Excellent potential for multi‑family, mixed‑use, or commercial development.; Conveniently located just off I‑555.; Property is currently zoned R‑3.
    (870) 243-4035
    We can help!
    Listing Contact
    Meredith Edwards
    Meredith Edwards
    Real Estate License ID: 00056487
    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
    3 Colony Circle, Bay, AR 72411
    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!