Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Creekfront Acreage in Hardy, Arkansas Title is generated by Realmo AI

    7 Asher Dr, Hardy, AR 72542

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.3 acres of unrestricted land with creek access.

    Type:Land
    Lot size:
    3.30 Acres
    Added:
    Sep 13, 2024
    Days on Market:
    618
    Last Refresh:
    May 13 at 8:25 pm

    Property Features for 7 Asher Dr

    General Information

    Standard status
    Active
    Lot size
    3.30 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Mindy Lawrence

    Listing agent Mindy Lawrence License #MO 2020021386

    Listing office United Country-Cozort Realty, Inc.

    Listing date Sep 13, 2024

    Source Crexi

    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 United Country-Cozort Realty, Inc.

    HighLights

    • Creekfront property with access to the South Fork River for fishing, floating, and swimming.
    • 3.3 acres of unrestricted land, ideal for hunting, exploring, and enjoying abundant wildlife.
    • Existing utilities (septic, electricity, and well) ready for building a home, cabin, or getaway.
    • Located near Cherokee Village Golf Course (hole 18) and public access to the Spring River.
    • Offers privacy and natural beauty in a tranquil setting.
    • Conveniently located 5‑10 minutes from town amenities.

    Overview

    This 3.3-acre property in Hardy, Arkansas, offers privacy and natural beauty. The land has no restrictions and features a creek that flows toward the South Fork River, suitable for fishing, floating, and swimming. Existing utilities include septic, electricity, and a well. The property is located minutes from Cherokee Village Golf Course (near hole 18) and public access to the Spring River, and is 5-10 minutes from town, providing access to local amenities. This property is suited for a home, cabin, or weekend getaway. The land offers opportunities for hunting, exploration, and wildlife observation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Discount Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.557834
    Latitude
    36.316646

    Nearby Similar for Sale

    • $129,900
      3,944 SF

      Highway Frontage Commercial Land

      5.4+/- acre commercial property with highway frontage and expansion potential.
      2275 Highway 63, Hardy, AR 72542
      View Details
    • $279,000
      1,152 SF

      Turnkey Outfitter Business Opportunity

      Established outfitter business near Spring River, fully equipped and ready.
      420 Highway 63, Hardy, AR 72542
      View Details
    • $144,500

      Spring Riverfront Land For Sale

      9.57 acres of usable land with Spring River frontage.
      Highway 63, Hardy, AR 72542
      View Details
    • $155,000

      Hardy, AR Recreational Land

      5.44 acres with lake frontage, potential RV park or cabins.
      28 Kiwanie Circle, Hardy, AR 72542
      View Details
    • $155,000

      Hardy, AR Recreational Land

      5.44 acres with lake frontage, utilities, and recreational amenities.
      28 Kiwanie Drive, Hardy, AR 72542
      View Details
    • $199,900
      2,995 SF

      Highway 63 Commercial Opportunity

      Versatile commercial property with high visibility on Highway 63.
      2516 Us Highway 63, Hardy, AR 72542
      View Details
    • $195,000

      Spring River Buildable Lots

      Six buildable lots on the Spring River in Hardy, Arkansas.
      377 Springwood Ter, Hardy, AR 72542
      View Details
    • $60,000

      Riverfront Lot in Gated Community

      Riverfront lot with concrete pad and boat dock ready!
      Block 6 Lot 42 Bluff Road, Hardy, AR 72542
      View Details
    • $125,000

      Hardy, Arkansas Land For Sale

      25-acre hunting land with building site near Hardy, Arkansas.
      Liberty Hill Road, Hardy, AR 72542
      View Details
    • $125,000

      Hardy, AR Land For Sale

      8.71 +/- acres on high-traffic corridor. Utilities available.
      highway 62/412, Hardy, AR 72542
      View Details
    • $180,000

      All-Wooded Recreational Land Near Hardy

      45 acres of wooded land near Spring River and Hardy.
      River Trace Lane, Hardy, AR 72542
      View Details
    • $469,900

      95 Acres with Highway Frontage

      95 acre property with highway frontage and mixed-use potential.
      63 Highway, Hardy, AR 72542
      View Details

    FAQs

    What type of property is this?
    Land - 3.3 acres of unrestricted land with creek access.
    Where is this land located?
    The property is located at 7 Asher Dr Hardy, AR.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: Creekfront property with access to the South Fork River for fishing, floating, and swimming.; 3.3 acres of unrestricted land, ideal for hunting, exploring, and enjoying abundant wildlife.; Existing utilities (septic, electricity, and well) ready for building a home, cabin, or getaway.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mindy Lawrence
    Real Estate License ID: MO 2020021386
    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
    7 Asher Dr, Hardy, AR 72542
    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!