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    Property profile & analytics

    567 New Hope Rd Hardy, AR 72542

    • Commercial real estate
    • 58.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0520516
    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

    • Commercial real estate

    Property Details for 567 New Hope Rd

    Lot size
    58.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 58-acre commercial property in Sharp County, Arkansas, presents a unique investment opportunity. The land boasts two homes: a 2-bedroom, 1-bathroom residence and a 3-bedroom, 2-bathroom double-wide mobile home featuring covered parking and an automatic generator. Multiple outbuildings enhance the property's versatility, including a hay barn, a large workshop, a woodworking shop, and a meat processing shop. All areas are securely fenced with four or five strands of barbed wire. Recreational amenities include three stocked ponds teeming with catfish and bass. High-speed internet access is available on-site. The property's location offers both rural tranquility and convenient access to Mammoth Spring via Highway 63 and other local roads. This expansive acreage is ideal for a variety of uses, from farming and hunting to potential commercial development. The property's size, improvements, and amenities make it a highly desirable investment in the heart of the Arkansas Ozarks. The total square footage of the main house is 1,565 square feet. Detailed directions are available upon request. Asking price is $499,500.

    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
    Hardy
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.3801436
    Latitude
    36.4031479

    Comparable in this City

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      Lakefront Residential Building Property

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      864 SF commercial building with RV pads on 1 acre.
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      All-Wooded Recreational Property Near Hardy

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      Highland, AR Commercial Land Opportunity

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      Riverfront Lot for Recreational Use

      Riverfront lot with recreational potential near Hardy, Arkansas.
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    • New
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      25 Acres Hunting and Building

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    Similar Nearby for Sale

    • $198,000
      2.25 Acres

      Lakefront Residential Building Property

      2.25 acre wooded lakefront lot on private Lake Sherwood.
      000 Robinhood Ln, Hardy, AR 72542
      View Details
    • $165,000
      1.00 Acre

      Commercial Building and Land For Sale

      864 SF commercial building with RV pads on 1 acre.
      2530 Us 62/412 Hwy, Highland, AR 72542
      View Details
    • $180,000
      45.00 Acres

      All-Wooded Recreational Property Near Hardy

      Recreational property near Hardy, Arkansas, with mature oak timber.
      River Trace Ln, Hardy, AR 72542
      View Details
    • $99,000
      2.00 Acres

      Highland, AR Commercial Land Opportunity

      Two adjoining commercial lots with high visibility and dual road access.
      1734 Hwy, Highland, AR 72542
      View Details
    • $34,900
      0.30 Acres

      Riverfront Lot for Recreational Use

      Riverfront lot with recreational potential near Hardy, Arkansas.
      Griffin Rd, Hardy, AR 72542
      View Details
    • New
      $125,000
      25.00 Acres

      25 Acres Hunting and Building

      25 acres near Hardy, AR, ideal for hunting and building.
      Xx Liberty Hl Rd, Hardy, AR 72542
      View Details
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    567 New Hope Rd
    Hardy, AR 72542
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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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