Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1714 Hazel St Hope, AR 71801
    Back to Search
    Property profile & analytics

    1714 Hazel St Hope, AR 71801

    View on Map
    • Warehouses
    • 6,000 SF
    • 1.00 lot acres
    For Sale
    $395,000
    View Listing →
    Versatile Commercial Building in Hope For Sale
    $395,000
    6,000 SF

    Versatile Commercial Building in Hope

    6000 sq ft commercial building suitable for various ventures.

    1714 North Hazel Street, Hope, AR 71801
    View Listing
    Property ID
    US05-1883848
    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

    • Red River Heating & Air LLC / Hardware & Home Improvement / HVAC Service

    Property Details for 1714 Hazel St

    Year built
    2001
    Lot size
    1.00 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    APN
    700-04781-000
    APU
    70004781000

    Description

    This exceptional 1.01-acre commercial property located at 1714 Hazel Unit Yes, Hope, Arkansas, presents a unique investment opportunity. Priced competitively at $395,000, this expansive lot offers significant potential for a variety of commercial ventures. The property's substantial size provides ample space for development, allowing for flexibility in design and construction to suit diverse business needs. Its location in Hope, Arkansas, offers access to a growing market and established infrastructure. The absence of existing structures on the land allows for complete customization, eliminating the need for costly renovations or demolition. This blank canvas presents an unparalleled opportunity to build a property tailored to specific business requirements, maximizing return on investment. The property's size and location make it ideal for a range of commercial uses, from retail establishments and office spaces to light industrial facilities or storage solutions. Serious inquiries are encouraged to explore the possibilities this prime acreage offers. The property is ready for immediate development, presenting a rare chance to secure a significant commercial asset in a thriving Arkansas market. Prospective buyers are urged to act quickly to capitalize on this exceptional opportunity. Further details regarding zoning and permitted uses are readily available upon request. This is a truly exceptional opportunity to acquire a substantial piece of commercial real estate in a desirable location.

    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
    Hope
    County
    Hempstead
    State
    Arkansas
    Longitude
    -93.596
    Latitude
    33.6851
    CBSA code
    26260
    CBSA name
    HOPE, 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
    $1,585
    $4,500
    $27,390
    $31,890
    -
    $22,500
    $136,950
    $159,450

    Comparable in this City

    • Value Estimation by Request
      2,022 SF

      308 2nd St

      WAREHOUSE, STORAGE • 2,022 SF
      308 2nd St, Hope, AR 71801
      View Details
    • Value Estimation by Request
      4,734 SF

      107 2nd St

      WAREHOUSE, STORAGE • 4,734 SF
      107 2nd St, Hope, AR 71801-4306
      View Details
    • Value Estimation by Request
      4,630 SF

      916 3rd St

      WAREHOUSE, STORAGE • 4,630 SF
      916 3rd St, Hope, AR 71801-5601
      View Details
    • Value Estimation by Request
      8,500 SF

      317 Greenwood St

      MINI-WAREHOUSE, STORAGE • 8,500 SF
      317 Greenwood St, Hope, AR 71801
      View Details
    • Value Estimation by Request
      1,400 SF

      120 Greenwood St

      WAREHOUSE, STORAGE • 1,400 SF
      120 Greenwood St, Hope, AR 71801
      View Details
    • Value Estimation by Request
      7,000 SF

      3081 Hwy 32nd N

      WAREHOUSE, STORAGE • 7,000 SF
      3081 Hwy 32nd N, Hope, AR 71801-8806
      View Details

    Similar Nearby for Sale

    • $219,000
      2,400 SF

      Hope, AR Warehouse and Land

      Warehouse with loading dock and land near Interstate.
      2918 Highway 29 N, Hope, AR 71801
      View Details
    • $149,000
      3,800 SF

      Warehouse with Retail Potential

      3,800 sq ft warehouse with retail space in Hope, AR.
      322 Avenue A St E, Hope, AR 71801
      View Details
    • $395,000

      Versatile Commercial Building in Hope

      6000 sq ft commercial building suitable for various ventures.
      1714 North Hazel St, Hope, AR 71801
      View Details
    • $1,400,000
      31,418 SF

      Shopping Center with Warehouse Space

      Shopping center with warehouse space on 2.12 acres.
      811 N Hervey St, Hope, AR 71801
      View Details
    • $273,000
      9,100 SF

      Highway Commercial Property with Repair Bays

      Commercial property with two buildings and multiple truck repair bays.
      3091 Highway 32 North, Hope, AR 71801
      View Details
    • Contact for pricing
      1,920 SF

      Hope, AR Retail/Commercial Space

      1,920 SF retail/commercial space near university and Highway 29.
      317 W 23Rd St, Hope, AR 71801
      View Details
    View Listing
    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.
    1714 Hazel St
    Hope, AR 71801
    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
    1714 Hazel St, Hope, AR, 71801
    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!