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    2221 E State Highway 198 Osceola, AR

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    2221 E State Highway 198 Osceola, AR

    View on Map
    • Flex space
    • 163,543 SF
    • 40.70 lot acres
    For Sale
    $5,900,000
    View Listing →
    225,000 SF Manufacturing Facility For Sale
    $5,900,000
    225,000 SF

    225,000 SF Manufacturing Facility

    225,000 SF manufacturing facility on 40 acres in Osceola.

    2221 E State Highway 198, Osceola, AR
    View Listing
    Property ID
    US05-1374756
    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

    • Viskase / Food Processing Plant

    Property Details for 2221 E State Highway 198

    Year built
    1977
    Lot size
    40.70 lot acres
    Property size
    163,543 SF
    Property type
    Flex space
    APN
    101-02327-000
    APU
    10102327000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,070,000
      Market price range: $561k - $2.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Osceola
    County
    Mississippi
    State
    Arkansas
    Longitude
    -89.9394
    Latitude
    35.6521
    CBSA code
    14180
    CBSA name
    BLYTHEVILLE, 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
    2024
    $31,687
    $122,100
    $543,879
    $665,979
    -
    $610,500
    $2,719,395
    $3,329,895

    Comparable in this City

    • Value Estimation
      $1,155,000
      222,200 SF

      1500 Richard Prewitt Dr

      LIGHT INDUSTRIAL • 222,200 SF
      1500 Richard Prewitt Dr, Osceola, AR 72370-2936
      View Details
    • Value Estimation
      $560,000
      72,569 SF

      101 Denso Rd

      LIGHT INDUSTRIAL • 72,569 SF
      101 Denso Rd, Osceola, AR 72370-3850
      View Details
    • Value Estimation
      $1,040,000
      230,470 SF

      100 Denso Rd

      LIGHT INDUSTRIAL • 230,470 SF
      100 Denso Rd, Osceola, AR 72370-3849
      View Details
    • Value Estimation by Request
      27,006 SF

      710 Pearl St

      LIGHT INDUSTRIAL • 27,006 SF
      710 Pearl St, Osceola, AR 72370-2038
      View Details
    • Value Estimation by Request
      2,664 SF

      205 Shippen Ave

      LIGHT INDUSTRIAL • 2,664 SF
      205 Shippen Ave, Osceola, AR 72370-2024
      View Details
    • Value Estimation by Request
      144,000 SF

      1300 Richard Prewitt Dr

      LIGHT INDUSTRIAL • 144,000 SF
      1300 Richard Prewitt Dr, Osceola, AR 72370-2944
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,030 SF

      Versatile Industrial and Service Facility

      18,030 SF industrial facility on 6.23 acres for sale.
      1198 W Keiser Ave, Osceola, AR 72370
      View Details
    • Contact for pricing
      591.25 Acres

      Osceola Land Ideal for Development

      Prime location near I-55, suitable for solar farm/data center.
      1169 Hwy 119 S, Osceola, AR 72370
      View Details
    • Contact for pricing
      6,800 SF

      Mixed-Use Property in Osceola, AR

      Mixed-use property with highway frontage, office, warehouse, and storage units.
      2690 W Keiser Ave, Osceola, AR 72370
      View Details
    • Contact for pricing
      292,998 SF

      Osceola Industrial Facility For Sale

      292,998 SF industrial facility on 107 acres in Osceola, AR.
      100 Denso Rd, Osceola, AR 72370
      View Details
    • $150,000
      2,014 SF

      Osceola Office Space Opportunity

      2014 SF office space centrally located in Osceola, Arkansas.
      515 W Lee Ave, Osceola, AR 72370
      View Details
    • $800,000
      1.00 Acre

      Osceola Commercial Building and Land

      Commercial building with highway frontage in the heart of Osceola.
      2965 W Keiser Ave, Osceola, AR 72370
      View Details
    View Listing
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    Osceola, AR
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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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    2221 E State Highway 198, Osceola, AR

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