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    2407 Hill String Rd Viola, AR 72583
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    2407 Hill String Rd, Viola, AR 72583

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    • Commercial real estate
    • 200.00 lot acres
    Off-Market
    Property ID
    US05-0874276
    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

    • Commercial real estate

    Property Details for 2407 Hill String Rd

    Lot size
    200.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 200-acre farm located at 2407 Hill String Rd, Viola, AR 72583, presents a unique opportunity for agricultural pursuits. The property boasts a 1,500 square foot home built in 2016, featuring four bedrooms and two bathrooms. The home includes a range, refrigerator, gas heater, and wall air conditioner. Adding to the property's utility are two 12x20 storage buildings. Approximately 100 acres are dedicated to pastureland, complemented by scattered woods. Recent timber harvesting has taken place, with a small amount remaining to be removed before closing. The property is well-fenced, featuring perimeter fencing and several cross fences. Four ponds and a seasonal creek enhance the landscape, providing ample water sources. Enjoy approximately 3/4 mile of county road frontage and stunning hilltop views. Recreational opportunities abound, with Lake Norfork, Spring River, and the White River all within a 45-minute drive. The property is ideally suited for cattle, sheep, goats, and horses. Real estate taxes for the previous year totaled $813.93. This property offers a blend of residential comfort and agricultural potential in the beautiful Arkansas Ozarks.

    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
    Viola
    County
    Fulton
    State
    Arkansas
    Longitude
    -91.9338401
    Latitude
    36.4652441

    Comparable in this City

    • $299,900
      64.16 Acres

      Viola, AR Land with Creek

      64.16 acres featuring creek frontage, pasture, and mature woods.
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    • $200,000
      40.00 Acres

      40 Acres Vacant Land

      Vacant land with building sites, pond, and utilities available.
      000 French Town Rd, Mammoth Spring, AR 72583
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    • Contact for pricing
      1.01 Acres

      Highway Frontage Acreage in Viola

      1.01 acre highway frontage property in North Central Arkansas.
      62/412 Hwy, Viola, AR 72583
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      Wooded Land Near Viola, Arkansas

      7.46 acres of wooded land with building sites available.
      1329 Echowood Cir, Viola, AR 72583
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      Restaurant Investment Opportunity

      Restaurant property for sale, tenant occupied, corner lot.
      Unknown, Viola, AR 72583
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    Similar Nearby for Sale

    • $200,000
      40.00 Acres

      40 Acres Vacant Land

      Vacant land with building sites, pond, and utilities available.
      000 French Town Rd, Mammoth Spring, AR 72583
      View Details
    • Contact for pricing
      1.01 Acres

      Highway Frontage Acreage in Viola

      1.01 acre highway frontage property in North Central Arkansas.
      62/412 Hwy, Viola, AR 72583
      View Details
    • $299,900
      64.16 Acres

      Viola, AR Land with Creek

      64.16 acres featuring creek frontage, pasture, and mature woods.
      Cedar Park Rd, Viola, AR 72583
      View Details
    • Contact for pricing

      Wooded Land Near Viola, Arkansas

      7.46 acres of wooded land with building sites available.
      1329 Echowood Cir, Viola, AR 72583
      View Details
    • Contact for pricing

      Restaurant Investment Opportunity

      Restaurant property for sale, tenant occupied, corner lot.
      Unknown, Viola, AR 72583
      View Details
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    Viola, AR 72583
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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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