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    6643 Arkansas State Hwy Fallsville, AR 72854

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    6643 Arkansas State Hwy Fallsville, AR 72854

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    • Land
    • 432 SF
    • 3.58 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 6643 Arkansas State Hwy

    Lot size
    3.58 lot acres
    Property size
    432 SF
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This unique property presents a remarkable opportunity. Situated on 3.58 acres along scenic Highway 21 in Fallsville, Arkansas, this historic log cabin, originally built in 1860 and relocated in the 1980s, offers breathtaking views from its elevated plateau setting. The 432 square foot, one-bedroom cabin features existing electricity and propane heating. City water is conveniently available on-site. A second building on the property provides potential for expansion, adaptable as a workshop, guest quarters, or other use. The location is ideal for outdoor enthusiasts, with proximity to the Buffalo River headwaters (approximately one mile away) and the Ozark National Forest, including the Buffalo River Wilderness area. This versatile property offers numerous possibilities, including use as a vacation rental (VRBO or Airbnb), or as a base for building a new structure. The property's potential is enhanced by its picturesque setting and convenient access to recreational opportunities. The asking price for this exceptional property is $159,000. The zip code is 72854.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fallsville
    County
    Newton
    State
    Arkansas
    Longitude
    -93.4609
    Latitude
    35.7851

    Comparable in this City

    • Value Estimation by Request
      1,292 SF

      14429 Hwy 21

      WAREHOUSE, STORAGE • 1,292 SF
      14429 Hwy 21, Ozone, AR 72854
      View Details
    • Value Estimation by Request
      2,400 SF

      13775 Hwy 21

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      13775 Hwy 21, Ozone, AR 72854
      View Details
    • Value Estimation by Request
      312 SF

      Hwy 21

      DRIVE-THRU RESTAURANT, FAST FOOD • 312 SF
      Hwy 21, Ozone, AR 72854
      View Details

    Similar Nearby for Sale

    • $65,100
      6.20 Acres

      Land Near Ozone, Arkansas

      6.2 acres of vacant land with utilities available.
      3 Cr 4470, Ozone, AR 72854
      View Details
    • $57,950
      6.10 Acres

      Ozone Acreage with Cleared Sites

      6.1 acres near Ozone with cleared house sites.
      4 Cr 4470, Ozone, AR 72854
      View Details
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    Fallsville, AR 72854
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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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