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    6256 Highway 5 Midway, AR 72651
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    Property profile & analytics

    6256 Highway 5 Midway, AR 72651

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    • Commercial real estate
    • 0.82 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 6256 Highway 5

    Lot size
    0.82 lot acres
    Property type
    Commercial real estate

    Description

    This 0.82-acre commercial property at 6256 Hwy 5 North in Midway, Arkansas, presents a unique investment opportunity. Boasting over 207 feet of highway frontage on a busy intersection connecting Hwy 5 North, Hwy 126, and Hwy 178, this location benefits from high visibility and significant traffic flow. The 2023 ADT traffic count was 8,700 vehicles. The property's strategic position near Bull Shoals Lake and proximity to Missouri ensures a consistent stream of potential customers. The existing building, while requiring some tender loving care (TLC), offers three overhead doors, with one single bay featuring a working lift and a double bay with a non-functional lift. The building includes a bathroom, sink, power, and water

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midway
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.4617
    Latitude
    36.3839

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      178 Hwy Rd

      COMMERCIAL (GENERAL) • 0.08 Acres
      178 Hwy Rd, Midway, AR 72651
      View Details
    • Value Estimation by Request
      0.07 Acres

      102 Hwy 178th W

      COMMERCIAL (GENERAL) • 0.07 Acres
      102 Hwy 178th W, Midway, AR 72651
      View Details
    • Value Estimation
      $715,000
      37,900 SF

      298 Hwy 178th W

      COMMERCIAL (GENERAL) • 37,900 SF
      298 Hwy 178th W, Midway, AR 72651-8901
      View Details
    • Value Estimation by Request
      16,072 SF

      Hwy 5th 5

      COMMERCIAL (GENERAL) • 16,072 SF
      Hwy 5th 5, Midway, AR 72651
      View Details
    • Value Estimation by Request

      16 Golden Acre Rd

      Commercial real estate
      16 Golden Acre Rd, Lakeview, AR 72651
      View Details
    • Value Estimation by Request
      10.00 Acres

      347 Cr 1046

      COMMERCIAL (GENERAL) • 10.00 Acres
      347 Cr 1046, Midway, AR 72651
      View Details

    Similar Nearby for Sale

    • $1,925,000

      Lakeview Commercial Investment Opportunity

      Lakefront property with 16 units & amenities.
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    • New
      Contact for pricing
      0.19 Acres

      Residential Land Near Bull Shoals

      Two residential lots near Bull Shoals Lake, Midway, Arkansas.
      263 South St, Midway, AR 72651
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    • New
      Contact for pricing

      Midway, AR Vacant Land

      Two lots near Bull Shoals Lake, ready for your dream home.
      263 South St, Midway, AR 72651
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      6.82 Acres

      Midway, AR Wooded Land

      6.82-acre wooded lot with owner financing in Midway, AR.
      180 Foster Dr, Midway, AR 72651
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      0.18 Acres

      Unrestricted Lot Near Bull Shoals

      Unrestricted 0.18-acre lot less than five miles from Bull Shoals Lake.
      Longhorn Trl, Midway, AR 72651
      View Details
    • New
      $129,000
      11.79 Acres

      Midway, AR Land For Sale

      11+ acre land near Mountain Home, ready for hobby farm.
      6 County Road 510, Midway, AR 72651
      View Details
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    6256 Highway 5
    Midway, AR 72651
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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.

    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
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    6256 Highway 5, Midway, AR, 72651
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