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    21299 Highway 62 Lincoln, AR 72744
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    Property profile & analytics

    21299 Highway 62 Lincoln, AR 72744

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    • Retail properties & Spaces
    • 3,300 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US05-0455421
    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

    • Retail properties & Spaces

    Property Details for 21299 Highway 62

    Year built
    1998
    Lot size
    1.00 lot acres
    Property size
    3,300 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity in Lincoln, AR, presents a versatile 3,300 square foot main shop building situated on a one-acre lot. The property boasts significant additional space, including a 1,500 square foot secondary building and a shed, providing ample storage or expansion potential. Adding to its functionality is a 1,400 square foot mobile home, suitable for a variety of uses, such as office space, staff housing, or short-term rentals, depending on local zoning regulations. The property's location on Highway 62 ensures high visibility and accessibility for customers, making it an ideal location for a wide range of retail businesses. The substantial combined square footage offers flexibility for diverse business needs, allowing for both retail display and back-of-house operations. The one-acre lot provides ample parking and potential for future development or outdoor display areas. This property is priced at $299,900 and represents a strong investment opportunity in a growing market. Serious inquiries are encouraged to explore the possibilities this unique property offers. All information should be independently verified.

    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
    Lincoln
    County
    Washington
    State
    Arkansas
    Longitude
    -94.46729
    Latitude
    35.95975

    Comparable in this City

    • $301,500
      Pending

      Land with Highway Frontage

      1.86 acres with shop and highway access.
      17948 W Highway 62, Lincoln, AR 72744
      View Details
    • $319,900
      2,285 SF

      Redesigned Retail/Office Space in Lincoln

      Character-rich, updated space suitable for retail, office, or medical services.
      113 W Bean St, Lincoln, AR 72744
      View Details
    • $200,000
      1.36 Acres

      Lincoln, Arkansas Mixed-Use Property

      1.36 acres with shop, office, and residential potential.
      1208 W Holt Rd, Lincoln, AR 72744
      View Details
    • $225,000
      1,200 SF

      Commercial Opportunity in Lincoln, Arkansas

      High-visibility commercial property suitable for retail, office, or service ventures.
      810 E Pridemore Dr, Lincoln, AR 72744
      View Details
    • $544,180
      5,718 SF

      Retail and Apartment Investment Opportunity

      Versatile property with retail suites and unfinished apartments.
      117-119 W Bean St, Lincoln, AR 72744
      View Details

    Similar Nearby for Sale

    • $301,500
      Pending

      Land with Highway Frontage

      1.86 acres with shop and highway access.
      17948 W Highway 62, Lincoln, AR 72744
      View Details
    • $319,900
      2,285 SF

      Redesigned Retail/Office Space in Lincoln

      Character-rich, updated space suitable for retail, office, or medical services.
      113 W Bean St, Lincoln, AR 72744
      View Details
    • $200,000
      1.36 Acres

      Lincoln, Arkansas Mixed-Use Property

      1.36 acres with shop, office, and residential potential.
      1208 W Holt Rd, Lincoln, AR 72744
      View Details
    • $225,000
      1,200 SF

      Commercial Opportunity in Lincoln, Arkansas

      High-visibility commercial property suitable for retail, office, or service ventures.
      810 E Pridemore Dr, Lincoln, AR 72744
      View Details
    • $544,180
      5,718 SF

      Retail and Apartment Investment Opportunity

      Versatile property with retail suites and unfinished apartments.
      117-119 W Bean St, Lincoln, AR 72744
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      700 SF

      Retail/Office Space in Lincoln, AR

      700 SF retail/office space with shop/warehouse available for rent.
      200 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $10 SF/Yr
      2,900 SF

      Retail/Office Space in Lincoln, AR

      2900 SF retail/office space with warehouse in Lincoln, AR.
      204 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $13 SF/Yr
      700 SF

      Lincoln Retail Space For Rent

      Retail space available for lease in Lincoln, Arkansas.
      200 W Pridemore Dr, Lincoln, AR 72744
      View Details
    • $13 SF/Yr
      500 SF

      Retail/Office Space in Lincoln, AR

      500 SF retail/office space with high visibility and parking.
      200 W Pridemore Dr, Lincoln, AR 72744
      View Details
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    21299 Highway 62
    Lincoln, AR 72744
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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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    21299 Highway 62, Lincoln, AR, 72744
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