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    2076 Chestnut Dr Bismarck, AR 71929

    View on Map
    Sponsored
    For Sale
    $499,900

    Traditional, Agriculture/Farm/Ranch - Bismarck, AR

    Type:Farm
    Property size:
    2,828 SF
    Lot size:
    16.09 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 13 at 10:06 pm

    Property Features for 2076 Chestnut Dr

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Security features
    Security System, Smoke Detector(s)
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Laundry
    Bedrooms
    3
    Bathrooms
    3
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Washer Connection, Dryer Connection-electric, Water Heater-electric, Smoke Detector(s), Security System, Floored Attic, Walk-in Closet(s), Exclusions (see Remarks), Ceiling Fan(s), Kit Counter-granite Tiles
    Exterior features
    Patio, Deck, Porch, Fully Fenced, Outside Storage Area, Inground Pool, Guttering, Cross-fenced, Barns/Buildings, Livestock Allowed, Equipment (see Remarks), Stock Pond
    Fencing
    Cross Fenced, Fenced, Full
    Fireplace
    1
    Appliances
    Dishwasher, Ice Maker, Microwave, Oven - Double, Range, Washer
    Size
    2,828 SF
    Lot size
    16.09 Acres

    Utilities

    Utilities
    Electricity Available, Water Available
    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1992
    Floors in Building
    2
    Flooring type
    Laminate, Tile
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional
    Additional Structures
    Barn(s), See Remarks, Storage

    We can help!

    Listing Contact
    Clay Wilson

    Trademark Real Estate Inc. (501) 318-3200

    Listing agent Clay Wilson (501) 318-3200

    Listing date Mar 13, 2026

    MLS# 26009510 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.

    Learn more

    Property Insight Report

    Overview

    Bismarck Horse Property with Acreage

    This horse property features 16.09 acres, more or less, with a home and barn situated on a ridge. The pasture slopes to the south, offering extensive views, including a pond stocked with bass and bream. The brick home includes a master suite, kitchen, dining area, half bath, and two living areas on the main level. Upstairs, there are two bedrooms with study areas, a full bath, and attic storage closets. The kitchen features granite tile counters and double ovens, and a wood stove is present. An oversized two-car garage includes a workshop and storage area, with additional attic storage above. A full-width deck spans the back of the home, providing access to the pool. The roof on both the home and barn was replaced in 2020. High-speed internet is available through CATC. The barn is equipped with five stalls, a feed room, a small loft, and a lean-to. The barn has a concrete floor, water, and electricity, with a separate electric meter. There are 30 amp RV plugs at the house and barn. The property is fenced and cross-fenced, with an electric top wire. Water is provided by Kimzey water for the home and barn. A mobile home pad has well water and a permitted septic system. The property offers views of Lake Degray fireworks from the home, deck, pool, or barn.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Horse & equestrian properties

    Suggested Use

    Auto Repair Shop Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bismarck
    County
    Hot Spring
    State
    Arkansas
    Longitude
    -93.187619
    Latitude
    34.297032

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    FAQs

    What type of property is this?
    Horse & equestrian property - Horse property on 16.09 acres with home and barn.
    Where is this horse & equestrian property located?
    The property is located at 2076 Chestnut Dr Bismarck, AR.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: - 16.09 acres MOL horse property with barn, pasture, and pond stocked with bass & bream.; - Home and barn on a ridge with miles of views, including Lake Degray fireworks.; - Enjoy the inground pool and full-width deck across the back of the home.
    (501) 620-3782
    Request Owner's contact information
    2076 Chestnut Dr Bismarck, AR 71929
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    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
    2076 Chestnut Dr Bismarck, AR 71929
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    We can help!
    Listing Contact
    Clay Wilson
    Real Estate License ID: EB00067849
    (501) 620-3782 (501) 318-3200 (501) 525-7355
    Learn more
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