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    803 Highway 18 Lake City, AR 72437

    Sponsored
    For Sale
    $429,000

    Prime Commercial Land, High ROI Potential

    Property size:
    6,320 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.45-acre commercial property located at 803 1/2 Highway 18 in Lake City, Arkansas, presents a unique investment opportunity. The property boasts a substantial 6,320 square feet of space currently utilized as a mini-storage facility. The existing infrastructure includes ten original 10x20 foot storage units, all currently rented and operating under a traditional lock and key system. Further enhancing the income potential are 41 newly constructed units of varying sizes, incorporating cutting-edge Noke smart storage technology. This advanced system provides individual, keyless access to each unit via a user-friendly online platform. All rental information and management are streamlined through the LakeCitySmartStorage.com website, which seamlessly integrates with the Noke system. Active marketing campaigns are underway to secure tenants for the remaining vacant new units, promising immediate and substantial returns. The asking price for this turnkey operation is $429,000. This property is zoned for commercial use and situated in Craighead County, Arkansas, zip code 72437. The property's strategic location and established rental base make it an ideal investment for those seeking a profitable and low-maintenance venture in a growing market. This is a rare opportunity to acquire a well-established and technologically advanced mini-storage facility with significant upside potential.

    Property Features for 803 Highway 18

    General Information

    Property type
    Land
    Square Feet
    6,320 SF
    Lot Size
    19,602 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Hair Salon Clothing Store Auto Repair Shop Pharmacy Wholesale Shop Accounting Firm Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake City
    County
    Craighead
    State
    Arkansas
    Longitude
    -90.4358854
    Latitude
    35.8198163

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High ROI Potential
    Where is this land located?
    The property is located at 803 Highway 18 Lake City, AR.
    What is the asking price?
    The asking price for this property is $429,000.
    Request Owner's contact information
    803 Highway 18 Lake City, AR 72437
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    Lake City, AR 72437
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    Realmo Value Estimation

    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.

    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.

    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
    803 Highway 18 Lake City, AR 72437
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