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

    123 County Road 381 Wynne, AR 72396

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Residential Lot - Wynne, AR

    Lot size:
    1.50 Acres
    Added:
    Feb 28, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 21 at 10:06 pm

    Property Features for 123 County Road 381

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    001-02200-220
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    104.52

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Grayson Gorman

    Listing agent Grayson Gorman

    Listing office Miles Real Estate 309 Mixon Avenue, Marianna, AR

    Listing date Feb 28, 2026

    MLS# 26007748 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

    Residential Lot in Wynne, AR

    Located just outside the city of Wynne in Cross County, this 1.5-acre vacant land parcel features hills, trees, and a cleared flat area suitable for placing a mobile home. The property is situated along a paved county road, providing easy access. Water, electric, and septic utilities are available on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hair Salon Wine and Liquor Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wynne
    County
    Cross
    State
    Arkansas
    Longitude
    -90.746865
    Latitude
    35.250272

    Nearby Similar for Sale

    • $595,000
      8,890 SF

      Retail Building in Wynne, Arkansas

      8,890 SF retail building with ample parking in Wynne.
      115 S Falls, Wynne, AR 72396
      View Details
    • $229,900
      1,920 SF

      Prime Commercial Land in Wynne

      High-visibility 1.74-acre commercial land in a growing retail corridor.
      1931 N Falls Boulevard, Wynne, AR 72396
      View Details
    • $474,999

      Prime Commercial Highway 1 Frontage

      8 acres of commercial land on Highway 1 in Wynne.
      8 Acres HIGHWAY 1, Wynne, AR 72396
      View Details
    • $399,000
      5,567 SF

      Commercial Building Opportunity in Wynne

      Commercial building with potential for new or expanding business in Wynne.
      1011 Falls Blvd, Wynne, AR 72396
      View Details
    • $400,000
      494,406 SF

      Wynne, AR Building and Land

      Former school converted to church on 12 acres.
      991 Martin Luther King, Wynne, AR 72396
      View Details
    • $499,900
      4,800 SF

      Wynne, AR Retail Opportunity

      Retail store on Highway 64 with recent upgrades.
      800 Highway 64, Wynne, AR 72396
      View Details
    • $69,900

      Residential Lot in Wynne, AR

      One-acre residential lot with utilities ready for new construction.
      739 Martin Dr E, Wynne, AR 72396
      View Details
    • $36,000

      Residential Lot in Wynne, Arkansas

      Corner lot with city utilities, ready for building near schools.
      802 Poplar Ave E, Wynne, AR 72396
      View Details
    • $36,000

      Residential Lot in Wynne, AR

      Corner lot ready for building a dream home.
      129 Lombardy Ln, Wynne, AR 72396
      View Details
    • $20,000

      Residential Lot in Wynne, AR

      Residential land available in Wynne, Arkansas.
      Merriman, Wynne, AR 72396
      View Details
    • $2,000,000
      124,236 SF

      Industrial Warehouse Facility For Sale

      124,236 SF industrial warehouse near Hwy 64 and I-40.
      1421 South Falls Boulevard, Wynne, AR 72396
      View Details
    • $39,900

      Wynne, AR Acreage Available

      1.13 acre commercial land for sale in Wynne, Arkansas.
      1 E SOUTHRIDGE CIRCLE, Wynne, AR 72396
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant land with utilities available near Wynne, Arkansas.
    Where is this residential land & home lot located?
    The property is located at 123 County Road 381 Wynne, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Water, electric, and septic are available on the property.; Cleared flat area suitable for placing a mobile home.; Easy access via paved county road.
    (870) 752-0412
    We can help!
    Listing Contact
    Grayson Gorman
    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!