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    Property profile & analytics

    3122 And 3124 Hwy 21 Berryville, AR 72616

    • Office Properties & Spaces
    • 1,914 SF
    • 43.88 lot acres
    For Sale
    View listing
    $499,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0688788
    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

    • Office Properties & Spaces

    Property Details for 3122 And 3124 Hwy 21

    Year built
    2007
    Lot size
    43.88 lot acres
    Property size
    1,914 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional Berryville, AR property offers a rare blend of commercial and residential space. The main building, a 1,914 sq ft office, features three bedrooms, each with a private bathroom, a modern kitchen with granite countertops and stainless steel appliances, and vinyl flooring. A hidden pantry adds extra convenience. The property also includes a substantial 30x40 metal shop building, perfect for storage or a workshop, and a second 2,000 sq ft building, previously used as a business with a private gun range. This second building presents significant redevelopment potential, possibly as a guest house or in-law suite. Outdoor amenities include a large covered patio, ideal for relaxation, and a convenient storm shelter. The property boasts additional features such as a water softener, a whole-house generator, and two wood-burning fireplaces. The 43.88-acre lot provides ample space. Both parcels have been surveyed, and survey copies are available. The property is being sold "as is". This unique combination of residential comfort and commercial potential makes this an exceptional investment opportunity. Priced at $650,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Berryville
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.53447
    Latitude
    36.41517

    Comparable in this City

    • $389,000
      2,900 SF

      Berryville Office Space in Medical District

      Move-in ready office space in the heart of the Medical District.
      201 Rice St, Berryville, AR 72616
      View Details
    • $450,000
      5,460 SF

      Historic Berryville Building For Sale

      Income-producing historic building with apartments, office, and restaurant.
      203 Public Sq, Berryville, AR 72616
      View Details
    • New
      $139,900
      1,664 SF

      Berryville Retail/Residential Opportunity

      Versatile building suitable for retail, office, residential, or short-term rental.
      105 Hubbert St, Berryville, AR 72616
      View Details
    • $750,000
      9,990 SF

      Restored 1920s Commercial Building

      Restored 1920s commercial building with pub, office, apartments, retail.
      203 Public Sq, Berryville, AR 72616
      View Details
    • Contact for pricing
      280.00 Acres

      Berryville Industrial Land Opportunity

      280 Acres, Opportunity Zone, Tax Incentives
      480 Us-62, Berryville, AR 72616
      View Details
    • $899,999
      16,404 SF

      Berryville, AR Special Purpose Property

      Unique 16,404 SF Multi-Use Building
      510 Madison Ave, Berryville, AR 72616
      View Details

    Similar Nearby for Sale

    • $389,000
      2,900 SF

      Berryville Office Space in Medical District

      Move-in ready office space in the heart of the Medical District.
      201 Rice St, Berryville, AR 72616
      View Details
    • $450,000
      5,460 SF

      Historic Berryville Building For Sale

      Income-producing historic building with apartments, office, and restaurant.
      203 Public Sq, Berryville, AR 72616
      View Details
    • New
      $139,900
      1,664 SF

      Berryville Retail/Residential Opportunity

      Versatile building suitable for retail, office, residential, or short-term rental.
      105 Hubbert St, Berryville, AR 72616
      View Details
    • $750,000
      9,990 SF

      Restored 1920s Commercial Building

      Restored 1920s commercial building with pub, office, apartments, retail.
      203 Public Sq, Berryville, AR 72616
      View Details
    • $140,000
      1,920 SF

      Berryville Warehouse: Prime Investment

      1,920 SF Warehouse, Land, High Potential
      122 Main St, Berryville, AR 72616
      View Details
    • $160,000
      13.75 Acres

      Kings River Building Opportunity

      Secluded land on Kings River, near Berryville and Eureka Springs.
      13.75 Acres Cr 217, Berryville, AR 72616
      View Details
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    Berryville, AR 72616
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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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