Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    151 Vance Rd Peel, AR 72668

    View on Map
    Claim this Listing
    For Sale
    $195,500

    Subdivision Lot - Peel, AR

    Lot size:
    5.64 Acres
    Added:
    Apr 28, 2025
    Days on Market:
    376
    Last Refresh:
    May 8 at 4:06 pm

    Property Features for 151 Vance Rd

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    273

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    David Wallis

    Listing agent David Wallis

    Listing office Arkansas Land Company 2024 N. Main, North Little Rock, AR

    Listing date Apr 28, 2025

    MLS# 25016519 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.

    HighLights

    • Direct access to Corps of Engineers land on Bull Shoals Lake for fishing, skiing, and watersports.
    • Includes a boat slip with a lift on a nearby community dock.
    • 5.64 acres consisting of two adjoining lots with a mix of cleared space and mature hardwoods.
    • Drilled well already in place.
    • Electricity available on the property.
    • Private pond on the property.

    Overview

    Serene Acreage in Hillcrest Subdivision

    Discover 5.64 acres in the Hillcrest Subdivision, consisting of two adjoining lots. Located a quarter mile off a paved road, the gently sloping property features a mix of cleared space and mature hardwoods. Electricity is available, and a drilled well is already in place. A private pond is located on the property. The property offers direct access to Corps of Engineers land on Bull Shoals Lake, suitable for fishing, skiing, and watersports. A boat slip with a lift on a nearby community dock is available with the sale. The property is located an hour from Branson, MO, offering entertainment, shopping, and dining. This property is suited for a getaway retreat or a permanent home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Kitchen & Bath Showroom Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Peel
    County
    Marion
    State
    Arkansas
    Longitude
    -92.7665
    Latitude
    36.4191

    Nearby Similar for Sale

    • $42,000

      Land with Highway Frontage

      4.74 acre tract with highway frontage in Peel, AR.
      Locust Road lot: 0, Peel, AR 72668
      View Details
    • $50,000

      Land Near Peel Ferry

      10 acres near Peel Ferry and Hwy 125 Marina.
      001-09850-000 HWY 125 NORTH, Peel, AR 72668
      View Details
    • $100,000

      Unrestricted Land with Cabin, Peel

      20± acres with cabin, electric, and county road frontage.
      486 MC 2084, Peel, AR 72668
      View Details
    • $100,000

      Unrestricted Land with Cabin, Peel

      20+/- acres with cabin, electric, and county road frontage.
      486 MC 2084, Peel, AR 72668
      View Details
    • $60,000

      Ozark Land Near Bull Shoals

      6.4-acre forested property near Bull Shoals Lake in Peel, AR.
      MC 8123, Peel, AR 72668
      View Details
    • $100,000

      Unrestricted Land with Cabin, Peel

      20 acres with cabin, electric, road frontage near lake.
      486 MC 2084, Peel, AR 72668
      View Details
    • $65,000

      Arkansas Ozarks Recreational Timberland

      20+/- acres near Bull Shoals Lake, ideal for outdoor enthusiasts.
      MC 2084, Peel, AR 72668
      View Details
    • $15,000

      Ozark Hunting Land For Sale

      10 acres of hunting land in the Ozark Mountains.
      001-08943-000 Big Music Creek, Peel, AR 72668
      View Details
    • $15,000

      Ozark Mountain Hunting Land

      10 acres in Marion County, Arkansas, ideal for off-grid hunting.
      001-08943-000 MC 8001, Peel, AR 72668
      View Details
    • $29,900

      Wooded Acreage in Peel, Arkansas

      6.13 acres of wooded land suitable for residential or hunting.
      1008 MC 2084, Peel, AR 72668
      View Details
    • $49,500

      Subdivision Lot Near Bull Shoals

      Lot near Bull Shoals Lake with utilities and boat slip.
      137 Lilly Lane, Peel, AR 72668
      View Details
    • $65,000

      Land Near Lake and Marina

      Land suitable for building near a lake and marina.
      Tract 5 MC 8025, Peel, AR 72668
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.64 acres with well, utilities, lake access, and boat slip.
    Where is this residential land & home lot located?
    The property is located at 151 Vance Rd Peel, AR.
    What is the asking price?
    The asking price for this property is $195,500.
    What are key features of this property?
    This property features: Direct access to Corps of Engineers land on Bull Shoals Lake for fishing, skiing, and watersports.; Includes a boat slip with a lift on a nearby community dock.; 5.64 acres consisting of two adjoining lots with a mix of cleared space and mature hardwoods.
    (870) 448-7280
    We can help!
    Listing Contact
    David Wallis
    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

    Thank You for Inquiry
    151 Vance Rd, Peel, AR 72668
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!