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    Property profile & analytics

    2395 Harrison St Batesville, AR 72501

    • Retail space
    • 23,420 SF
    • 1.34 lot acres
    For Sale
    View listing
    $1,599,000
    Last Sale
    Nov 03, 2022
    $1,399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1237344
    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.

    Current Use by Public Records

    • Sears Appliance Repair / Appliance Repair Service / Air Conditioning Repair Service

    Property Details for 2395 Harrison St

    Year built
    2001
    Construction
    FRAME
    Lot size
    1.34 lot acres
    Property size
    23,420 SF
    Property type
    Retail space
    APN
    1102865000C
    APU
    1102865000C

    Description

    This exceptional 1.34-acre commercial property presents a unique investment opportunity in the thriving Batesville, Arkansas market. Located at 2395 Harrison, the site offers significant potential for a variety of commercial ventures. The expansive acreage provides ample space for development, allowing for flexibility in design and functionality. Its strategic location within Batesville ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The property's size and location make it ideal for a range of uses, from retail establishments and restaurants to light industrial facilities or office complexes. Given the current market conditions and the property's prime location, this represents a strong investment opportunity with considerable potential for future appreciation. The absence of existing structures allows for complete customization to meet specific business needs, eliminating the costs and limitations associated with renovating an existing building. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The asking price is $1,599,000. Detailed site surveys and zoning information are readily available upon request. This is a rare opportunity to acquire a substantial commercial parcel in a desirable location. Don't miss out on this chance to secure a valuable asset in a growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,520,000
      ML approach
      $1,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,573,000
      Market price range: $941k - $2.06M
      AI Estimate
      $2,034,000
      Market price range: $826k - $2.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Batesville
    County
    Independence
    State
    Arkansas
    Longitude
    -91.6265
    Latitude
    35.77
    CBSA code
    12900
    CBSA name
    BATESVILLE, 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
    $11,555
    $51,940
    $164,640
    $216,580
    -
    $259,700
    $823,200
    $1,082,900

    Comparable in this City

    • Value Estimation
      $240,000
      1,500 SF

      1375 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      1375 Broad St, Batesville, AR 72501
      View Details
    • Value Estimation
      $270,000
      2,400 SF

      665 Lawrence St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      665 Lawrence St, Batesville, AR 72501-7124
      View Details
    • Value Estimation
      $250,000
      4,916 SF

      143 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,916 SF
      143 Main St, Batesville, AR 72501-5509
      View Details
    • Value Estimation by Request
      3,344 SF

      226 Main St, Unit 246

      RETAIL STORES (PERSONAL SERVICES) • 3,344 SF
      226 Main St, Batesville, AR 72501-5511
      View Details
    • Value Estimation
      $265,000
      1,200 SF

      165 Pne St

      RETAIL STORES (PERSONAL SERVICES) • 1,200 SF
      165 Pne St, Batesville, AR 72501-5436
      View Details
    • Value Estimation
      $265,000
      3,645 SF

      377 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,645 SF
      377 Main St, Batesville, AR 72501-5606
      View Details

    Similar Nearby for Sale

    • $225,000
      1,344 SF

      Batesville Retail Investment Opportunity

      Prime 1,344 SF Auto Shop/Convenience Store
      2335 Harrison St, Batesville, AR 72501
      View Details
    • $995,000
      4,532 SF

      Prime Commercial Building on Highway

      High-visibility commercial building on a busy intersection for sale.
      2121 Batesville Blvd Blvd, Batesville, AR 72501
      View Details
    • $466,464
      9,718 SF

      Historic District Commercial Building

      9,718 SF commercial building in Batesville's historic district.
      181 S Central Ave, Batesville, AR 72501
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    • Contact for pricing
      1.34 Acres

      Batesville Commercial Land - 1.34 Acres

      Prime QSR/Retail Lot, Build-to-Suit Option
      280 St Louis St, Batesville, AR 72501
      View Details
    • $3,950,000
      60,998 SF

      60,998 SF Batesville Shopping Center

      60,998 SF shopping center near Lyon College for sale.
      425 South Saint Louis St, Batesville, AR 72501
      View Details
    • $100,000
      9.14 Acres

      Batesville Acreage in Upscale Neighborhood

      9.14 acres in an established neighborhood near Southside Schools.
      Tbd Castle Dr, Batesville, AR 72501
      View Details
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    2395 Harrison St
    Batesville, AR 72501
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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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