Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4758 Ar-164 Hartman, AR 72840
    Property profile & analytics

    4758 Ar-164 Hartman, AR 72840

    View on Map
    • Retail properties & Spaces
    • 10,566 SF
    • 2.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 4758 Ar-164

    Year built
    2024
    Lot size
    2.45 lot acres
    Property size
    10,566 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    Exceptional investment opportunity: a brand-new, 10,566 square foot Dollar General grocery store in Hartman, Arkansas. This fee-simple property boasts a 15-year absolute NNN lease (with five 5-year options) commencing August 26, 2024, and expiring August 31, 2039. The lease includes a 6.75% cap rate and a strong NOI of $134,883. Rent increases by 5% every 5 years throughout the lease term and each option period. Situated on a 2.45-acre lot at 4758 AR-164, Hartman, AR 72840, this property benefits from its convenient location off Interstate 40, attracting significant traffic. The building, constructed in 2024, offers a compelling investment with minimal landlord responsibilities due to the absolute NNN lease structure. The tenant, Dollar General, is an investment-grade company with a proven track record of success and significant growth. This presents a rare opportunity to acquire a high-performing, low-maintenance asset with substantial long-term growth potential. The property's strong financials, coupled with the tenant's stability and the favorable lease terms, make this an attractive investment for discerning buyers. The price per square foot is $189.10.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hartman
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.6615
    Latitude
    35.4998

    Comparable in this City

    • Value Estimation by Request

      Tp 148

      CENTRALLY ASSESSED
      Tp 148, Hartman, AR 72840
      View Details
    • Value Estimation by Request
      0.80 Acres

      5469 Hwy 64

      COMMERCIAL (GENERAL) • 0.80 Acres
      5469 Hwy 64, Hartman, AR 72840-9042
      View Details
    • Value Estimation by Request

      I 40

      COMMERCIAL (GENERAL)
      I 40, Hartman, AR 72840
      View Details
    • Value Estimation by Request
      0.23 Acres

      Hwy 64

      VACANT COMMERCIAL LAND • 0.23 Acres
      Hwy 64, Hartman, AR 72840
      View Details
    • Value Estimation by Request

      Pe00002

      CENTRALLY ASSESSED
      Pe00002, Hartman, AR 72840
      View Details
    • Value Estimation by Request

      Pl 19

      CENTRALLY ASSESSED
      Pl 19, Hartman, AR 72840
      View Details

    Similar Nearby for Sale

    • $210,000
      31.50 Acres

      31.5 Acres in Hartman, AR

      31.5 acres suitable for residential, agricultural, or recreational use.
      County Road 3151, Hartman, AR 72840
      View Details
    • $122,800
      15.41 Acres

      Hartman, AR Land with Creek

      15.41 acres suitable for residential, agricultural, or recreational use.
      Tract C County Rd 3151, Hartman, AR 72840
      View Details
    • $149,800
      20.00 Acres

      20 Acres of Usable Land

      20 acres suitable for residential, agricultural, or recreational use.
      Tract D County Rd 3151, Hartman, AR 72840
      View Details
    • New
      $122,800
      15.41 Acres

      Hartman, Arkansas Land For Sale

      15.41 acres near I-40, suitable for residential or agricultural use.
      Tract C County Rd 3151, Hartman, AR 72840
      View Details
    • New
      $129,800
      16.59 Acres

      Hartman, AR Land For Sale

      16.59 acres suitable for residential, agricultural, or recreational use.
      Tract B County Rd 3151, Hartman, AR 72840
      View Details
    • New
      $85,000
      10.00 Acres

      10 Acres in Rural Setting

      10 acres near I-40, suitable for residential or agricultural use.
      Tract A County Rd 3151, Hartman, AR 72840
      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.
    4758 Ar-164
    Hartman, AR 72840
    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
    4758 Ar-164, Hartman, AR, 72840
    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!