Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    26 Oddie Ln Ward, AR 72176
    Back to Search
    Property profile & analytics

    26 Oddie Ln Ward, AR 72176

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 26 Oddie Ln

    Property type
    Apartment buildings

    Description

    This exceptional multifamily investment opportunity presents a compelling case for astute investors seeking strong returns in a thriving Arkansas market. Located at 26 Oddie Ln, Ward, AR 72176, this property, known as Oddie Apartments, offers a portfolio of spacious two-bedroom apartments. The complex consists of multiple buildings, each featuring units equipped with high-quality fixtures, ample storage, and contemporary finishes, ensuring a comfortable and attractive living experience for tenants. The strong rental market in Ward, characterized by high demand and limited supply, guarantees a steady stream of rental income. The property's prime location provides easy access to essential amenities, further enhancing its appeal to residents. The asking price for this promising investment is $795,750. Ward's growing population and robust local economy contribute to a consistently high demand for quality rental housing, making this a particularly attractive opportunity for long-term financial growth and consistent rental income generation. This is a turnkey investment ready to generate immediate returns. The property is situated in Lonoke County, Arkansas.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ward
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.9331
    Latitude
    35.0294

    Comparable in this City

    • Value Estimation by Request
      315.00 Acres

      727 Hattie Ln

      Multifamily properties • 175,000 SF
      727 Hattie Ln, Ward, AR 72176
      View Details
    • Value Estimation by Request
      0.36 Acres

      Ward, AR 72176

      VACANT COMMERCIAL LAND • 0.36 Acres
      Ward, AR 72176
      View Details
    • Value Estimation by Request
      7,800 SF

      3731 Ar Hwy, Unit 38

      WAREHOUSE, STORAGE • 7,800 SF
      3731 Ar Hwy, Ward, AR 72176
      View Details
    • Value Estimation by Request
      780 SF

      10 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 780 SF
      10 2nd St, Ward, AR 72176
      View Details
    • Value Estimation by Request
      6,000 SF

      13905 Ar Hwy

      WAREHOUSE, STORAGE • 6,000 SF
      13905 Ar Hwy, Ward, AR 72176
      View Details
    • Value Estimation by Request
      4,950 SF

      102 Frnt St

      WAREHOUSE, STORAGE • 4,950 SF
      102 Frnt St, Ward, AR 72176
      View Details

    Similar Nearby for Sale

    • $400,000
      40.00 Acres

      Beautiful 40-Acre Land Tract

      Raw land perfect for building a dream home.
      000 Highway 38, Ward, AR 72176
      View Details
    • $55,000
      1.00 Acre

      Ward, AR Homesite Opportunity

      One-acre residential lot in a growing Ward community.
      40 Cres Cv, Ward, AR 72176
      View Details
    • $50,000

      Residential Lot in Legacy Farms

      Subdivision lot perfect for custom homes in Ward, Arkansas.
      21 Legacy Way, Ward, AR 72176
      View Details
    • $50,000

      Residential Subdivision Lot in Ward

      Subdivision lot suitable for custom homes with city utilities.
      40 Legacy Way, Ward, AR 72176
      View Details
    • $50,000

      Residential Lot in Legacy Farms

      Subdivision lot with utilities, ideal for custom homes.
      10 Legacy Way, Ward, AR 72176
      View Details
    • $62,000
      1.00 Acre

      Residential Lot in Crescent Cove

      One-acre residential lot available for custom build in Ward, AR.
      8 Cres Cv, Ward, AR 72176
      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.
    26 Oddie Ln
    Ward, AR 72176
    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
    26 Oddie Ln, Ward, AR, 72176
    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!