Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Corner Lot in Prescott, AR Title is generated by Realmo AI

    3rd St, Prescott, AR 71857

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Prescott, AR

    Lot size:
    0.52 Acres
    Added:
    Mar 10, 2026
    Days on Market:
    73
    Last Refresh:
    May 21 at 5:06 am

    Property Features for 3rd St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.52 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    T.J. Beasley

    Listing agent T.J. Beasley

    Listing office Evermark Realty Group 1401 Malvern Ave STE 154, Texarkana, AR

    Listing date Mar 10, 2026

    MLS# 204422 Listing URL

    Copyright © 2026 Texarkana 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

    • Undeveloped corner lot ready for building
    • All utilities available
    • Public water and sewer connections
    • Wooded lot
    • Cable available
    • Located at the intersection of E 3rd St, Hatley Ave, and 3rd St

    Overview

    This undeveloped corner lot is located in Prescott, Arkansas. The 0.52-acre wooded lot is situated at the intersection of E 3rd St, Hatley Ave, and 3rd St. All utilities are available for building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Prescott
    County
    Nevada
    State
    Arkansas
    Longitude
    -93.3716384
    Latitude
    33.8063928

    Nearby Similar for Sale

    • $86,000
      2,164 SF

      Historic Building with Modern Upgrades

      Versatile commercial space suitable for various business types.
      114 W 1ST S ST, Prescott, AR 71801
      View Details
    • $75,000
      1,320 SF

      Downtown Prescott Building with Land

      Commercial building with land, currently operating as a salon.
      106 W Main Street, Prescott, AR 71857
      View Details
    • $120,000

      Recreational Hunting Land in Prescott

      160 acre hunting property with abundant wildlife and timber.
      000 Camden Hwy, Prescott, AR 71875
      View Details
    • $1,394,900
      9,792 SF

      Medical Facility in Prescott, Arkansas

      Substantial medical facility with tenant income and expansion potential.
      1440 W 1st Street N, Prescott, AR 71857
      View Details
    • $180,000

      30 Acres of Pine Plantation

      30 acres of prime pine, hardwoods, and abundant wildlife.
      00 Hwy 24, Prescott, AR 71857
      View Details
    • $90,000

      30 Acres Near Prescott

      30 acres close to Prescott, AR, with utilities available.
      1935 Hwy 24, Prescott, AR 71857
      View Details
    • $6,500

      Residential Lot in Prescott, AR

      Residential lot with utilities available in Prescott, Arkansas.
      Third Street, Prescott, AR 71864
      View Details
    • $228,500

      90 Acres Recreational Hunting Land

      90 acres of recreational land with Little Missouri River frontage.
      Little Missosur River, Prescott, AR 71857
      View Details
    • $325,000

      Secluded Acreage with Hardwood Timber

      61.55-acre tract with cabin, stream, and abundant wildlife.
      635 Nevada 323, Prescott, AR 71858
      View Details
    • $1,394,900

      Prescott Medical Facility For Sale

      Substantial medical facility with existing tenancy and built-in infrastructure.
      1440 West 1st Street North, Prescott, AR 71857
      View Details
    • $150,000

      20 Acres of Hay Meadow

      20 acres of fenced hay meadow near interstate and county roads.
      Corner of Nevada 30 & Nevada 223, Prescott, AR 71857
      View Details
    • $10,000

      Residential Lot on Hwy 371

      Residential property located along Hwy 371 in Prescott, Arkansas.
      6120 Hwy 371, Prescott, AR 71857
      View Details

    FAQs

    What type of property is this?
    Commercial land - Undeveloped corner lot with utilities available in Prescott, Arkansas.
    Where is this commercial land located?
    The property is located at 3rd St Prescott, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Undeveloped corner lot ready for building; All utilities available; Public water and sewer connections
    (870) 796-2846
    We can help!
    Listing Contact
    T.J. Beasley
    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
    3rd St, Prescott, AR 71857
    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!