Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    6638 Us-64 Russellville, AR 72802

    • Land
    • 2.98 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6638 Us-64

    Lot size
    2.98 lot acres
    Property type
    Land

    Description

    This exceptional 2.98-acre commercial land parcel presents a unique investment opportunity in Russellville, Arkansas. Strategically located just off Exit 78 of Interstate 40 and Highway 64 West, this property enjoys unparalleled visibility and accessibility. Its prime location is adjacent to the U.S. Army Corps of Engineers Lake Dardanelle boat dock, ensuring high traffic and exposure to a large potential customer base. The land itself is level and offers multiple potential building sites, providing flexibility for a variety of commercial developments. The asking price for this highly desirable property is $395,000. Given its size, location, and development potential, this property represents a significant opportunity for investors seeking a strong return on investment in a thriving Arkansas market. The property's address is 6638 US-64, Russellville, AR 72802, situated in Pope County. Its convenient access to I-40 and its proximity to the popular Lake Dardanelle boat dock make it an ideal location for businesses catering to tourism, recreation, or other commercial ventures. The level terrain simplifies development, minimizing site preparation costs and accelerating project timelines. Serious inquiries are encouraged to explore the full potential of this remarkable commercial land offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Russellville
    County
    Pope
    State
    Arkansas
    Longitude
    -93.1886
    Latitude
    35.3196

    Comparable in this City

    • Value Estimation by Request
      1.48 Acres

      Weir Rd

      Land • 1.48 Acres
      0 Weir Rd, Russellville, AR 72802
      View Details
    • Value Estimation by Request
      74.00 Acres

      Ar-124

      Land • 74.00 Acres
      0 Ar-124, Russellville, AR 72802
      View Details
    • Value Estimation by Request
      0.91 Acres

      25 C St

      Land • 0.91 Acres
      25 C St, Russellville, AR 72802
      View Details
    • Value Estimation by Request
      0.42 Acres

      409 Weir Rd

      Mixed-use properties • 0.42 Acres
      409 Weir Rd, Russellville, AR 72802
      View Details
    • Value Estimation by Request

      2304 J St

      Land
      2304 J St, Russellville, AR 72802
      View Details
    • Value Estimation by Request
      7.22 Acres

      827 Aspen Ln

      Land • 7.22 Acres
      827 Aspen Ln, Russellville, AR 72802
      View Details

    Similar Nearby for Sale

    • $265,000
      0.42 Acres

      Russellville Commercial Land - Weir Rd

      Prime 0.42-acre lot, ideal for mixed-use development.
      409 Weir Rd, Russellville, AR 72802
      View Details
    • $219,000
      0.91 Acres

      Russellville Commercial Land - $219K

      Prime C-2 zoned lot, high visibility.
      25 C St, Russellville, AR 72802
      View Details
    • $690,000
      7.22 Acres

      Russellville AR Development Land

      7.22 Acres, Utilities Available, Prime Location
      827 Aspen Ln, Russellville, AR 72802
      View Details
    • New
      $129,500
      7.79 Acres

      7.79 Acres on Mill Creek

      7.79± acres with pond, road frontage, utilities, near lake.
      7.79 Acres Ml Crk Rd, Russellville, AR 72802
      View Details
    • $135,000
      10.00 Acres

      10 Acres in South New Hope

      10 acres of land in the South New Hope area.
      45 Hlass Rd, Russellville, AR 72802
      View Details
    • $54,900
      1.00 Acre

      Acre Lot with Lake Views

      One acre lot with views of Galla Creek Lake.
      205 Apple Ln, Russellville, AR 72802
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      5,135 SF

      Freestanding Restaurant Property For Rent

      Freestanding restaurant property with high visibility and accessibility.
      115 E Harrell Dr, Russellville, AR 72802
      View Details
    • Contact for pricing
      5,525 SF

      Retail Space For Lease

      Retail spaces and pad sites available for lease in Russellville.
      3053-3093 E Main St, Russellville, AR 72802
      View Details
    • $12 SF/Yr
      3,000 SF

      Retail Space in Russellville, AR

      3,000 SF retail space available for lease.
      2001-2005 N Arkansas Ave, Russellville, AR 72802
      View Details
    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.
    6638 Us-64
    Russellville, AR 72802
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.