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Property profile & analytics

415 2Nd St Hope, AR 71857

  • Retail space
  • 8,068 SF
  • 0.34 lot acres
Value Estimation
Last Sale
Feb 24, 2025
$150,000
Location Intelligence
Property ID
US05-1855232
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

  • Retail space

Property Details for 415 2Nd St

Year built
1951
Lot size
0.34 lot acres
Property size
8,068 SF
Property type
Retail space
APN
700-00201-000-C
APU
70000201000C

Description

This exceptional 1-acre property located at 415 Second Street in Hope, Arkansas, presents a unique investment opportunity. The land is zoned for "Other," offering considerable flexibility for a variety of potential uses. With its expansive 1-acre footprint, this parcel provides ample space for diverse development projects. The property's address, 415 Second Street, places it within convenient reach of local amenities and infrastructure. The asking price for this remarkable opportunity is $178,500. Given the size and location, this property represents a strong potential for future appreciation. Serious inquiries are encouraged to explore the possibilities this land offers. The absence of existing structures allows for complete design freedom, making it an attractive prospect for entrepreneurs and developers alike. Its location in Hope, AR, provides access to a growing community and its associated benefits. This is a rare chance to acquire a significant piece of land in a desirable area, ready for your vision. The property is being offered as-is. Prospective buyers are encouraged to conduct their own due diligence. This 1-acre lot is a blank canvas, waiting for your creative development plans. Don't miss this chance to secure this valuable piece of Hope, Arkansas real estate.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $120,000
  • CAP approach

    CAP return
    Estimation
    6%
    $135,000
    6.5%
    $140,000
    7%
    $135,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $145,000
    Geo Method
    $140,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $125,000
    Retail
    $130,000
    Mixed-Use
    $135,000
    Hospitality
    $145,000
    Educational
    $120,000
    Residential Income
    $150,000
    Energy
    $140,000
    Income-Based Land
    $135,000
    Food Service
    $160,000

Location Insight

  • Map
  • Local Demand
City
Hope
County
Hempstead
State
Arkansas
Longitude
-93.5875
Latitude
33.6687
CBSA code
26260
CBSA name
HOPE, 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
$1,338
$3,150
$23,780
$26,930
-
$15,750
$118,900
$134,650
More about this property
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