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

    22AC Gann Ridge Road Garfield, AR 72732

    View on Map
    Claim this Listing
    For Sale
    $500,000

    LAND - Garfield, AR

    Lot size:
    22.11 Acres
    Added:
    Mar 10, 2025
    Days on Market:
    417
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for 22AC Gann Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    18-05474-002
    Lot size
    22.11 Acres

    Taxes and HOA fees

    Tax Description
    Pt 23-21-29-RURAL
    Tax Annual Amount
    22

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Kathleen Bell

    Listing agent Kathleen Bell License #SA00048190

    Listing office Lindsey & Assoc Inc Branch 3801 W Walnut, AR

    Listing date Mar 10, 2025

    MLS# 1300833 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Garfield, AR Rolling Land

    This 22.11-acre property features rolling land suitable for creating a homesite. The land includes mixed woods and varied terrain, including hillside areas. It is located close to the wooded area of Pea Ridge National Military Park. Public water, fiber optic, and 3-phase electricity are available at the road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Benton
    State
    Arkansas
    Longitude
    -94.030139
    Latitude
    36.475838

    Nearby Similar for Sale

    • $995,000

      Beaver Lake Waterfront Land

      Land with private dock and shoreline on Beaver Lake.
      22005 Indian Bluff Road lot: 0, Garfield, AR 72732
      View Details
    • $6,850,000

      Beaver Lake Estate on Acreage

      Stunning 5BR home on 249 acres near Beaver Lake.
      18700 Knabenschuh Drive lot: --, Garfield, AR 72732
      View Details
    • $1,339,000

      Beaver Lake Waterfront Land Parcel

      Rare 5.77 acre lakefront property with private dock.
      Sunrise Cove Road, Garfield, AR 72732
      View Details
    • $840,000

      90 Acres in Benton County

      90 acres with home, hayfields, creek, and abundant wildlife.
      16996 Bill Billings Road, Garfield, AR 72732
      View Details
    • $1,000,000

      Lakefront Land Ready to Build

      5.28 acres of lakefront property with septic design.
      Ventris Road, Garfield, AR 72732
      View Details
    • $25,000

      Garfield, AR Land Opportunity

      1.41 acres near Beaver Lake with community amenities.
      Posy Mountain Drive lot: 321-323, Garfield, AR 72732
      View Details
    • $15,000

      Lake-View Lot in Garfield, AR

      0.35 acre lake-view lot near Lost Bridge Marina.
      Antler Drive lot: 124, Garfield, AR 72732
      View Details
    • $50,000

      Beaver Lake View Land Parcel

      Vacant land parcel with lake view near Beaver Lake.
      Sunrise Cove lot: 14-17, Garfield, AR 72732
      View Details
    • $399,500

      Garfield Land Near Beaver Lake

      26.44 acres near Beaver Lake, ideal for recreation or building.
      Coose Hollow Drive, Garfield, AR 72732
      View Details
    • $224,900

      Beaver Lake Gated Community Land

      4.97 acres in gated community with boat slip on Beaver Lake.
      9172 Wedgewood Drive lot: 3, Garfield, AR 72732
      View Details
    • $99,000

      Beaver Lake View Land

      0.78 acres with potential lake views in Garfield, AR.
      L17 E Airport Drive lot: 17, Garfield, AR 72732
      View Details
    • $10,000

      Corner Lot in Garfield, AR

      0.33 acre corner lot with utilities and community amenities.
      W Airport Drive lot: 59, Garfield, AR 72732
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 22.11 acres near Pea Ridge National Military Park.
    Where is this residential land & home lot located?
    The property is located at 22AC Gann Ridge Road Garfield, AR.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Public water, fiber optic internet, and 3‑phase electricity available at the road.; Close proximity to Pea Ridge National Military Park.; Rolling land with mixed woods and varied terrain.
    (479) 531-3876
    We can help!
    Listing Contact
    Kathleen Bell
    Real Estate License ID: SA00048190
    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!