Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    W Main Street, Farmington, AR 72730

    View on Map
    Claim this Listing
    For Sale
    $2,400,000

    LAND - Farmington, AR

    Lot size:
    2.60 Acres
    Added:
    Nov 14, 2024
    Days on Market:
    554
    Last Refresh:
    May 22 at 7:06 am

    Property Features for W Main Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    760-01626-004
    Lot size
    2.60 Acres

    Taxes and HOA fees

    Tax Description
    Multiple Legal Descriptions; Please see attached legal desription.
    Tax Annual Amount
    3623

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Salmonsen Group Realtors

    Listing agent Salmonsen Group Realtors

    Listing office Keller Williams Market Pro Realty Bentonville West 201 SW 14th St. Suite 203, Fayetteville, AR

    Listing date Nov 14, 2024

    MLS# 1291878 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • +/- 2.6 Acres of prime commercial land with outstanding development potential.
    • Significant road frontage along W Main St. with over 29,000 VPD.
    • Cross access easement agreement with Walmart.
    • Utilities conveniently available on‑site or nearby.
    • Located in a bustling area surrounded by popular businesses (Casey's, Taco Bell, Walmart Neighborhood Market).
    • Less than 1.6 miles from Farmington High School and its newly built $16 million sports complex.

    Overview

    This property offers approximately 2.6 acres of commercial land with development potential in Farmington. The land features level, open terrain and significant road frontage on W Main St., which sees over 29,000 vehicles per day. A cross access easement agreement with Walmart on the southwest side enhances accessibility. Utilities are available on-site or nearby. The parcel is surrounded by businesses, including Casey's General Store, Taco Bell, and Walmart Neighborhood Market. It is located less than 1.6 miles from Farmington High School and its newly built $16 million sports complex, and 6 miles from the University of Arkansas. The property is located in a rapidly growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Farmington
    County
    Washington
    State
    Arkansas
    Longitude
    -94.240862
    Latitude
    36.042266

    Nearby Similar for Sale

    • $995,000
      2,500 SF

      Prime Commercial Land in Farmington

      0.65 acres of commercial land with high development potential.
      W Main Street, Farmington, AR 72730
      View Details
    • $1,029,000
      4,162 SF

      Modern Office Park Investment Opportunity

      Newer construction office park, fully leased, stable income.
      2611 E Heritage Parkway, Farmington, AR 72730
      View Details
    • $485,000
      2,857 SF

      Farmington Multi-Family Home with Apartment

      House with attached apartment suite, ideal for income or family.
      249 Wedgeview Drive, Farmington, AR 72730
      View Details
    • $500,000

      Farmington Commercial Land Opportunity

      2.25-acre commercial land near new Farmington High School.
      N Hwy 170 lot: 0, Farmington, AR 72730
      View Details
    • $449,000
      3,292 SF

      Spacious Duplex in Farmington, AR

      All-brick duplex with 3-bedroom units and 2-car garages.
      75 & 81 W Dakota Trail, Farmington, AR 72730
      View Details
    • $1,300,000

      Prime Commercial Land in Farmington

      1.2 acres of commercial land with high development potential.
      W Main Street, Farmington, AR 72730
      View Details
    • $999,000

      Commercial Land in Farmington, AR

      Commercial land with highway frontage in Farmington, Arkansas.
      180 W Main Street lot: 0, Farmington, AR 72730
      View Details
    • $330,000

      Farmington Land For Sale

      3.3 acres of level land near downtown Farmington.
      Clyde Carnes Road lot: 2, 12253, Farmington, AR 72730
      View Details
    • $117,500

      Farmington Land in Twin Falls

      Approximately 1-acre homesite in established Farmington neighborhood.
      12524 Jim Brooks Road lot: 131, Farmington, AR 72730
      View Details
    • $54,999

      Farmington Vacant Lot Opportunity

      One acre lot in Farmington, near amenities and major highways.
      175 Vine Street lot: 1, Farmington, AR 72730
      View Details
    • $750,000

      Farmington Land Development Opportunity

      Residential development land in high-growth Farmington area.
      Clyde Carnes, Farmington, AR 72730
      View Details
    • $250,000

      Commercial Lot in Farmington

      Commercial lot with highway frontage, ready for development.
      114 W Main Street lot: 11, Farmington, AR 72730
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.6 acres of commercial land in thriving Farmington community.
    Where is this commercial land located?
    The property is located at W Main Street Farmington, AR.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: +/- 2.6 Acres of prime commercial land with outstanding development potential.; Significant road frontage along W Main St. with over 29,000 VPD.; Cross access easement agreement with Walmart.
    (479) 330-1250
    We can help!
    Listing Contact
    Salmonsen Group Realtors
    Learn More
    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
    W Main Street, Farmington, AR 72730
    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!