Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    00 Spires Rd Damascus, AR 72039

    View on Map
    Claim this Listing
    New
    For Sale
    $220,000

    Acreage - Damascus, AR

    Lot size:
    20.00 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 18 at 11:06 pm

    Property Features for 00 Spires Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    20.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    100

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Scott Jones

    Listing agent Scott Jones

    Listing office Arkansas Mountain Real Estate PO Box 17, Clinton, AR

    Listing date Apr 17, 2026

    MLS# 26015482 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    20 Acres Vacant Land

    This 20-acre tract of vacant land offers privacy and possibility. It is suited for building a home, creating a weekend getaway, or investing in land. The acreage provides a setting surrounded by natural beauty. It is ideal for outdoor enthusiasts, with room for hunting, hiking, gardening, or enjoying country living. The property offers multiple potential building sites, giving flexibility in design. It is located within a reasonable drive to town, providing a balance of seclusion and accessibility. The property is located in Damascus, Arkansas, in Faulkner County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Pharmacy Food Market Grocery & Convenience Store Electrical Service Veterinary Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Damascus
    County
    Van Buren
    State
    Arkansas
    Longitude
    -92.4057
    Latitude
    35.3498

    Nearby Similar for Sale

    • $250,000
      9,000 SF

      Highway Frontage Building and Land

      9,000 sqft building on 3.31 acres with highway frontage.
      1524 Hwy 65 N, Damascus, AR 72039
      View Details
    • $580,000
      50,000 SF

      50,000 SF Warehouse on 8.8 Acres

      50,000 SF warehouse facility on 8.8 acres in Damascus.
      1400 N Hwy 65, Damascus, AR 72039
      View Details
    • $339,000
      3,750 SF

      Highway Frontage Commercial Building

      3,750 SF building on 1.46 acres with highway frontage.
      16508 S 65 Highway, Damascus, AR 72039
      View Details
    • $250,000
      5,000 SF

      Damascus, AR Triplex Investment

      Fully rented 5,000 sqft triplex on 1 acre lot.
      1526 Hwy 65 N, Damascus, AR 72039
      View Details
    • $397,500

      Damascus Acreage: Retreat or Development

      61 acres near Greers Ferry Lake with development potential.
      623 Batesville Mountain Road, Damascus, AR 72039
      View Details
    • $175,000

      Damascus Acreage with Highway Access

      Four acres with utilities, structure, and highway access.
      9 Cherokee Road, Damascus, AR 72039-8802
      View Details
    • $95,000

      8.9 Acres Vacant Land

      Vacant land with pasture, trees, pond, and building sites.
      000 Spires Rd., Damascus, AR 72039
      View Details
    • $865,000
      9,040 SF

      Highway Frontage Commercial Property

      7.16 acre commercial property with three buildings totaling 9,040+/- sqft.
      3 Ozark Dr @ Hwy 65, Damascus, AR 72039
      View Details
    • $750,000
      2,115 SF

      Farmhouse on Cattle-Ready Acreage

      Charming home on 45+ acres, ideal for livestock.
      18 Hwy 124, Damascus, AR 72039
      View Details
    • $449,000

      40 Acres Vacant Land

      Vacant land with pond, suitable for various purposes.
      80 Spires Rd., Damascus, AR 72036
      View Details
    • $499,000
      16,450 SF

      Highway Frontage Industrial Property

      Industrial property with highway frontage, two buildings, and ample space.
      17053 Highway 65 S, Damascus, AR, 72039-8916
      View Details
    • $395,000
      6,316 SF

      Highway Frontage Income Opportunity

      Two buildings plus RV hookups, ready for immediate rental income.
      16503 Damascus, Ar 72039 Highway, Damascus, AR 72039
      View Details

    FAQs

    What type of property is this?
    Land - 20-acre vacant land tract offers privacy and endless opportunities.
    Where is this land located?
    The property is located at 00 Spires Rd Damascus, AR.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: 20‑acre tract of vacant land offering privacy and space.; Multiple potential building sites for flexible design options.; Ideal for outdoor activities such as hunting, hiking, and gardening.
    (501) 745-2296
    We can help!
    Listing Contact
    Scott Jones
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!