Commercial Land with Office
New
For Sale
$185,000
Hwy 64 at Hwy 113, Atkins, AR 72823
Commercial / Industrial, Atkins, AR
Property Size1,124 SF
Lot Size4.82 Acres
Price / SF$164.59
Days on Market2
Property Features for Hwy 64 at Hwy 113
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
Take I-40 to Exit 101 Blackwell, got to Hwy 64. Property is at the corner of Hwy 64 and Hwy 113
Subdivision
MORRILTON
Standard status
Active
Size
1,124 SF
Lot size
4.82 Acres
Taxes and HOA fees
Tax Description
FLR E1/2 NE NW
Tax Annual Amount
1937
Legal Description
FLR E1/2 NE NW
Building Details
Year built
1973
Floors in Building
1
Listing Agency:
Real Broker
(885) 450-0442
Listed By:
Tonya Moles · License #SA00093510
(479) 857-3633
Added: Oct 13
Last Checked: Oct 14 at 6:06AM
MLS# 26041457
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4.82-acre commercial land parcel includes a 1,124-square-foot office building constructed in 1973. The property combines an existing building with a larger land area at the intersection of Highway 64 and Highway 113 in Atkins, Arkansas.
Interstate 40 is just off the property, and the site fronts the two intersecting highways. The existing office and acreage form the property's documented improvements and land configuration.
Interstate 40 is just off the property, and the site fronts the two intersecting highways. The existing office and acreage form the property's documented improvements and land configuration.
Key Highlights
- 4.82 acres of commercial land
- 1,124‑square‑foot office building, built in 1973
- At the intersection of Highway 64 and Highway 113
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,900
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,000
$198.0K
Cap Rate 7%
$141,429
$141.4K
Cap Rate 9%
$110,000
$110.0K
Market Conditions
NOI Build-Up for 1,124 SF
Gross rent
$14.2K $12.60/SF
− Vacancy
−$963 −$0.86/SF
EGI
$13.2K $11.74/SF
− OpEx
−$3.3K −$2.94/SF
NOI
$9.9K $8.81/SF
Area
Pope County, AR
Vacancy
6.80%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$198,000
Cap Rate 7%
$141,429
Cap Rate 9%
$110,000
Alternative Uses
Best Use
Office B
$141.4K
$123.8K – $165.0K
NOI $9,900 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.6K
$157.1K – $209.5K
NOI $12,571 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Explore this area
Business Placement
Demographics for 72823, AR
6,404
Population
2,792
Households
2.3
Avg Household Size
42
Median Age
16%
College-Educated
91%
High-School Grad
126.6 sq mi
ZIP Area
51
Density / Sq Mi
$66,711
Median Household Income
$45,322
Median Earnings
$894
Median Rent
$140,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - A highway-corner parcel includes an existing office building and substantial land area for commercial use.
Where is this commercial land located?
The property is located at Hwy 64 at Hwy 113 Atkins, AR.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 4.82 acres of commercial land; 1,124‑square‑foot office building, built in 1973; At the intersection of Highway 64 and Highway 113
