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

    Lot 20 Vida Del Lago Subdivision Greers Ferry, AR 72067

    View on Map
    For Sale
    $64,900

    Residential Lot - Greers Ferry, AR

    Lot size:
    3.04 Acres
    Added:
    Feb 3, 2025
    Days on Market:
    427
    Last Refresh:
    Apr 6 at 9:06 am

    Property Features for Lot 20 Vida Del Lago Subdivision

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Mark McKenzie
    Mark McKenzie

    Listing agent Mark McKenzie

    Listing office McKenzie Realty Group 400 W Main St, Heber Springs, AR

    Listing date Feb 3, 2025

    MLS# 25004267 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 Vida Del Lago

    This 3.04-acre residential lot is located in the new Vida Del Lago subdivision. The subdivision features a gated entry and paved roads. All lots are 3 acres or more. The Bill of Assurance includes a minimum of 2,000 square feet for construction. Power will be run once construction begins. The subdivision is located adjacent to the Twin Coves Subdivision in Greers Ferry. POA Assessments and taxes have not yet been determined.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Greers Ferry
    County
    Cleburne
    State
    Arkansas
    Longitude
    -92.1708
    Latitude
    35.5655

    Nearby Similar for Sale

    • $859,000
      6,984 SF

      Greers Ferry Hospitality Property For Sale

      Turnkey 16-room motel with separate 3BR/2BA home on 2.46 acres.
      8546 Edgemont Rd., Greers Ferry, AR 72067
      View Details
    • $675,000
      39,700 SF

      Greers Ferry Self-Storage Facility

      7.4-acre self-storage facility with expansion potential in Greers Ferry, AR.
      8500 Edgemont Road, Greers Ferry, AR 72067
      View Details
    • $140,000
      122,840 SF

      Turn-Key RV Park Opportunity

      Boutique RV park on 2.82 acres near Greers Ferry Lake.
      6629 Greers Ferry Road, Greers Ferry, AR 72067
      View Details
    • $880,000

      Greers Ferry Acreage Near Lake

      35+ acres near Greers Ferry Lake with income potential.
      75 Stark Ave., Greers Ferry, AR 72067
      View Details
    • $140,000

      Turn-Key RV Park Opportunity

      Ready-to-operate 11-pad RV park near Greers Ferry Lake.
      6629 Greers Ferry Road, Greers Ferry, AR 72067
      View Details
    • $109,900

      Highway Acreage in Greers Ferry

      3.52 acres with high visibility and unrestricted zoning.
      3.52 Acres Highway 16, Greers Ferry, AR 72067
      View Details
    • $431,250

      Greers Ferry Lake Recreational Land

      115+/- acres of hardwood and pine timber near Greers Ferry Lake.
      000 Old Brewer, Greers Ferry, AR 72044
      View Details
    • $40,000

      Land Near Shiloh Marina

      1.9 acres of land near Shiloh Marina in Greers Ferry.
      0 Higgins Road, Greers Ferry, AR 72067
      View Details
    • $159,000

      28 Acres in Greers Ferry

      28-acre commercial land with highway access near Dollar General.
      5975 Greers Ferry Road, Greers Ferry, AR 72067
      View Details
    • $249,900

      Greers Ferry Waterfront Acreage

      Rare waterfront acreage on Greers Ferry Lake with big water views.
      3195 Brownsville, Greers Ferry, AR 72067
      View Details
    • $225,000

      Waterfront Land Near Greers Ferry

      4.25 acre waterfront property with development potential near Shiloh Marina.
      000 Creekside Drive, Greers Ferry, AR 72067
      View Details
    • $24,900

      Residential Lot Near Greers Ferry

      Residential lot in a peaceful neighborhood, close to the lake.
      00 Twin Coves Circle, Greers Ferry, AR 72067
      View Details

    FAQs

    What type of property is this?
    Land - 3.04 acre residential lot in new subdivision, Greers Ferry.
    Where is this land located?
    The property is located at Lot 20 Vida Del Lago Subdivision Greers Ferry, AR.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: Large 3.04 acre lot provides ample space and privacy.; Located in the new Vida Del Lago subdivision near Greers Ferry.; Gated entry ensures security and exclusivity.
    (501) 250-3231
    We can help!
    Listing Contact
    Mark McKenzie
    Mark McKenzie
    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!