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    1502 Highway 62 EAST Mountain Home, AR 72653
    Property profile & analytics

    1502 Highway 62 EAST Mountain Home, AR 72653

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    • Turn key restaurants
    • 7,067 SF
    • 1.53 lot acres
    For Sale
    $1,500,000
    View Listing →
    Mountain Home Commercial Property For Sale For Sale
    $1,500,000
    7,000 SF

    Mountain Home Commercial Property For Sale

    7,000+ sq ft commercial property on 1.53 acres.

    1502 HWY 62 EAST, Mountain Home, AR 72653
    View Listing
    Property ID
    US05-2095002
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jamie's Local Flavor Restaurant / Restaurant

    Property Details for 1502 Highway 62 EAST

    Lot size
    1.53 lot acres
    Property size
    7,067 SF
    Property type
    Turn key restaurants
    APN
    007-13972-001
    APU
    713972001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mountain Home
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.3598
    Latitude
    36.3519
    CBSA code
    34260
    CBSA name
    MOUNTAIN HOME, AR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,925
    $66,650
    $119,130
    $185,780
    -
    $333,250
    $595,650
    $928,900

    Comparable in this City

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      1,178 SF

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    • Value Estimation by Request
      2,336 SF

      3533 Hwy 62nd E

      RESTAURANT • 2,336 SF
      3533 Hwy 62nd E, Mountain Home, AR 72653-6643
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    • Value Estimation by Request
      6,656 SF

      2390 Hwy 62nd E

      RESTAURANT • 6,656 SF
      2390 Hwy 62nd E, Mountain Home, AR 72653-6847
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    • Value Estimation
      $1,410,000
      44,250 SF

      1350 Hwy 62nd W

      RESTAURANT • 44,250 SF
      1350 Hwy 62nd W, Mountain Home, AR 72653-4615
      View Details
    • Value Estimation by Request
      4,000 SF

      1020 Hwy 62nd E

      RESTAURANT • 4,000 SF
      1020 Hwy 62nd E, Mountain Home, AR 72653-3216
      View Details
    • Value Estimation by Request
      6,625 SF

      1058 Highland Cir

      RESTAURANT • 6,625 SF
      1058 Highland Cir, Mountain Home, AR 72653-3266
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,262 SF

      Former Buffalo Wild Wings Opportunity

      Prime commercial real estate in high-traffic Mountain Home location.
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      View Details
    • $1,500,000
      7,000 SF

      Mountain Home Commercial Property For Sale

      7,000+ sq ft commercial property on 1.53 acres.
      1502 Highway 62 EAST, Mountain Home, AR 72653
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      Mountain Home Recreational Property For Sale

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      4818 Highway 62 W, Mountain Home, AR 72653
      View Details
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      1,976 SF

      Turnkey Gas Station & Convenience Store

      Fully operational gas station and convenience store on high-traffic route.
      10842 Highway 5 S, Salesville, AR 72653
      View Details
    • $84,900

      Turnkey Food Kiosk Opportunity

      Turnkey food kiosk in high-traffic area between major retailers.
      20 Paul Wood Ln, Mountain Home, AR 72653
      View Details
    • $699,900
      4,131 SF

      Recreational Property on Highway 62

      Mountain Home recreational property with arcade, kitchen, and outdoor activities.
      4818 Highway 62 W, Mountain Home, AR 72653
      View Details
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    Mountain Home, AR 72653
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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.

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    1502 Highway 62 EAST, Mountain Home, AR, 72653
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