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    1710 Highway 64 Vilonia, AR 72173

    Sponsored
    For Sale
    $120,000

    High-visibility 4.65-acre tract, multi-use potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional 4.65-acre property presents a unique investment opportunity in Vilonia, Arkansas. Located at 1710 Hwy 64 E, this versatile land parcel boasts significant frontage on two major roadways: approximately 475 feet along Highway 64 East and approximately 330 feet along Centerpoint School Road. This high-visibility location offers excellent exposure for a variety of commercial, industrial, or even residential developments. The property is partially cleared, simplifying site preparation and reducing development costs. The asking price is $120,000. Situated in Faulkner County, with a 72173 zip code, this land offers a strategic location for businesses seeking high traffic visibility and easy access to the surrounding community. The multi-use zoning potential allows for a wide range of development options, making it an attractive investment for both established businesses and new ventures. Don't miss this chance to acquire a prime piece of real estate in a growing area.

    Property Features for 1710 Highway 64

    General Information

    Property type
    Land
    Lot Size
    202,554 SF

    HighLights

    • $120,000 asking price.
    • 4.65‑acre lot.
    • Approximately 475 feet of Highway 64 East frontage.
    • Approximately 340 feet of secondary road frontage.
    • Multi‑use zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Vilonia
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.137407228296
    Latitude
    35.100887626341

    Nearby Comparable

    • $60,000
      4.02 Acres

      Vilonia Acreage with Highway Frontage

      4.02 acres of unrestricted land with highway frontage in Vilonia.
      00 Highway 64 E, Vilonia, AR 72173
      View Details
    • $175,000
      2.17 Acres

      Vilonia, AR Commercial Land Opportunity

      2.17 Acres, Highway 64 Frontage, $175,000
      1687 Highway 64, Vilonia, AR 72173
      View Details
    • $650,000

      Updated Home on Fenced Acres

      Updated 4BR home on 15 acres with shop and barn.
      201 Center Point Loop, Vilonia, AR 72173
      View Details

    Nearby Similar for Sale

    • $625,000
      13,448 SF

      Vilonia Warehouse and Land

      Warehouse space with updated offices and fenced lay yard.
      11 N College St, Vilonia, AR 72173
      View Details
    • $650,000

      Updated Home on Fenced Acres

      Updated 4BR home on 15 acres with shop and barn.
      201 Center Point Loop, Vilonia, AR 72173
      View Details
    • $695,000
      2.00 Acres

      Vilonia, AR Commercial Land Opportunity

      Two-acre commercial lot, prime Vilonia location.
      1046 Main St, Vilonia, AR 72173
      View Details
    • $175,000
      2.17 Acres

      Vilonia, AR Commercial Land Opportunity

      2.17 Acres, Highway 64 Frontage, $175,000
      1687 Highway 64, Vilonia, AR 72173
      View Details

    FAQs

    What type of property is this?
    Land - High-visibility 4.65-acre tract, multi-use potential.
    Where is this land located?
    The property is located at 1710 Highway 64 Vilonia, AR.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: $120,000 asking price.; 4.65-acre lot.; Approximately 475 feet of Highway 64 East frontage.
    Request Owner's contact information
    1710 Highway 64 Vilonia, AR 72173
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    Vilonia, AR 72173
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    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.

    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
    1710 Highway 64 Vilonia, AR 72173
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