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    313 Baltimore Manila, AR 72442
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    313 Baltimore Manila, AR 72442

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    • Commercial real estate
    • 0.17 lot acres
    For Sale
    $288,500
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    Manila, AR Commercial Lot For Sale
    $288,500

    Manila, AR Commercial Lot

    Prime 0.17-Acre Commercial Lot

    313 Baltimore, Manila, AR 72442
    View Listing
    Property ID
    US05-1216062
    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 313 Baltimore

    Year built
    1944
    Lot size
    0.17 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.17-acre commercial lot presents a unique investment opportunity in the thriving Manila, Arkansas market. Located at 313 Baltimore, this property offers significant potential for a variety of commercial ventures. Its convenient location provides excellent visibility and accessibility, making it an ideal site for businesses seeking high foot traffic or convenient access for customers. The lot's size is versatile enough to accommodate a range of development plans, from smaller retail spaces to larger-scale commercial buildings. The absence of existing structures allows for complete design flexibility, enabling prospective buyers to tailor the property to their specific needs and vision. Manila's growing economy and strategic location within the region further enhance the investment appeal of this property. This is a blank canvas ready for your entrepreneurial vision. The asking price of $288,500 reflects the significant potential and prime location of this exceptional commercial lot. Serious inquiries are encouraged to explore the possibilities this property offers. Don't miss this chance to secure a valuable piece of commercial real estate in a dynamic Arkansas market. The property is zoned for commercial use, allowing for a wide range of development options. Further due diligence is recommended to confirm zoning regulations and building codes. Act quickly, as opportunities like this are rare.

    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
    Manila
    County
    Mississippi
    State
    Arkansas
    Longitude
    -90.1664
    Latitude
    35.87713

    Comparable in this City

    • $399,900
      624 SF

      Highway Frontage Investment Opportunity

      Multi-parcel commercial investment with income-producing potential in Manila, Arkansas.
      2655 W State Highway 18, Manila, AR 72442
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    • $35,000
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      Waterfront Land Near Wildlife Area

      10 acre waterfront property bordering Big Lake WMA.
      County Road 305, Manila, AR 72442
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    • $45,000
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      Land in The Meadows, Manila

      Oversized lot in newest Manila subdivision, The Meadows.
      19 The Mdws, Manila, AR 72442
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    • $45,000
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      Oversized Lot in New Subdivision

      Residential land in Manila, AR, featuring oversized lots.
      20 The Mdws, Manila, AR 72442
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    • $30,000
      2.00 Acres

      Land Near Big Lake WMA

      Two one-acre lots near Big Lake Wildlife Management Area.
      2790 County Road 305 N, Manila, AR 72442
      View Details
    • $45,000
      0.55 Acres

      Oversized Lot in Manila Subdivision

      Large residential lot in new Manila subdivision.
      23 The Mdws, Manila, AR 72442
      View Details

    Similar Nearby for Sale

    • $399,900
      624 SF

      Highway Frontage Investment Opportunity

      Multi-parcel commercial investment with income-producing potential in Manila, Arkansas.
      2655 W State Highway 18, Manila, AR 72442
      View Details
    • $35,000
      10.00 Acres

      Waterfront Land Near Wildlife Area

      10 acre waterfront property bordering Big Lake WMA.
      County Road 305, Manila, AR 72442
      View Details
    • $45,000
      0.59 Acres

      Land in The Meadows, Manila

      Oversized lot in newest Manila subdivision, The Meadows.
      19 The Mdws, Manila, AR 72442
      View Details
    • $45,000
      0.56 Acres

      Oversized Lot in New Subdivision

      Residential land in Manila, AR, featuring oversized lots.
      20 The Mdws, Manila, AR 72442
      View Details
    • $30,000
      2.00 Acres

      Land Near Big Lake WMA

      Two one-acre lots near Big Lake Wildlife Management Area.
      2790 County Road 305 N, Manila, AR 72442
      View Details
    • Contact for pricing

      Commercial Lot in Growing Community

      Commercial lot near highway in fast-growing Manila, Arkansas.
      1 Fleeman, Manila, AR 72442
      View Details
    View Listing
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    Manila, AR 72442
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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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