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

    001 HWY 359 Lamar, AR 72846

    View on Map
    For Sale
    $1,452,000

    Acreage - Lamar, AR

    Lot size:
    440.00 Acres
    Added:
    May 6, 2024
    Days on Market:
    701
    Last Refresh:
    Apr 6 at 10:06 pm

    Property Features for 001 HWY 359

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    536

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Poor

    Listing agent Michael Poor

    Listing office Whitetail Properties Real Estate, LLC 3604 Frontage Rd, Suite 6, Little Rock, AR

    Listing date May 6, 2024

    MLS# 24015850 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

    Lamar, AR Recreational Acreage

    This recreational property, encompassing 440 acres, showcases the natural beauty of Central Arkansas and the Ozark Mountains. Owned by the same family for generations, this land is ready for a new owner. The property is located minutes from I-40, providing convenient access to various destinations, while maintaining a sense of Ozark wilderness. Minerals convey with the land. Additional joining land with highway frontage or access will be provided by deeded easement. The property is located in Lamar, Arkansas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Real Estate Agency Hair Salon Auto Repair Shop Food Market Storage Facility Grocery & Convenience Store Travel Agency Tanning Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lamar
    County
    Johnson
    State
    Arkansas
    Longitude
    -93.3724
    Latitude
    35.443127

    Nearby Similar for Sale

    • $139,900
      3,472 SF

      Income-Producing Mini Storage Complex

      28-unit mini storage complex on US Hwy 64.
      127 W Main Street, Lamar, AR 72846
      View Details
    • $650,000

      73 Acres Family Farm - Lamar

      Family farm with pastures, timber, ponds, and farmhouse near I-40.
      1250 CR 2651, Lamar, AR 72846
      View Details
    • $480,000

      Family Farm Near Interstate 40

      53-acre family farm with pastures, timber, ponds, and farmhouse.
      1250 CR 2651, Lamar, AR 72846
      View Details
    • $85,000

      Commercial Land in Growing Area

      2.76-acre commercial property in a rapidly growing area.
      000 Hwy 64, Lamar, AR 72846
      View Details
    • $324,900
      2,944 SF

      Commercial Land with Metal Building

      Commercial property in Lamar with enclosed metal building and shop.
      2801 W Main St Highway, Lamar, AR 72846
      View Details
    • $39,900

      Commercial Corner Lot on Highway

      Highly visible commercial lot with highway frontage in Lamar, AR.
      1.67 Acres +/- off US HWY 64 and Cazort Street, Lamar, AR 72846
      View Details
    • $85,000

      Commercial Land in High-Growth Area

      2.76-acre commercial property in a rapidly growing area.
      000 64 Highway, Lamar, AR 72846
      View Details
    • $116,000

      Lamar, AR: 11 Acre Property

      11 acre property with pond, suitable for residential development.
      County Road 2510, Lamar, AR 72846
      View Details
    • $116,000

      Lamar, AR Acreage with Pond

      11-acre property with pond, seasonal river view near town.
      County Road 2510, Lamar, AR 72846
      View Details
    • $130,000

      7.71 Acres Fenced Pasture Land

      7.71 acres of fenced pasture land with barn and utilities.
      500 Duff RD, Lamar, AR 72846
      View Details
    • $154,900

      Lamar, AR - 13 Acres

      13+ acre lot with development potential in Lamar, Arkansas.
      1687 COUNTY ROAD 3581, Lamar, AR 72846
      View Details
    • $32,900

      Commercial Lot in Central Lamar

      Located near amenities, this lot is ready for development.
      000 Johnsonville, Lamar, AR 72846
      View Details

    FAQs

    What type of property is this?
    Recreation land - Exceptional recreational property in the Ozark Mountains near I-40.
    Where is this recreation land located?
    The property is located at 001 HWY 359 Lamar, AR.
    What is the asking price?
    The asking price for this property is $1,452,000.
    What are key features of this property?
    This property features: Exceptional recreational property showcasing the natural beauty of Central Arkansas and the Ozark Mountains.; Conveniently located minutes from I‑40, providing easy access to various destinations.; Offers a sense of Ozark Wilderness seclusion despite its proximity to urban areas.
    (501) 428-7177
    We can help!
    Listing Contact
    Michael Poor
    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!