Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Productive Land with Hunting Potential Title is generated by Realmo AI

    28170 Walnut Road, Waldron, AR 72958

    View on Map
    Claim this Listing
    For Sale
    $583,600

    Vacant Land - Waldron, AR

    Lot size:
    116.72 Acres
    Added:
    Oct 17, 2025
    Days on Market:
    217
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 28170 Walnut Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    116.72 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Alston

    Listing agent Luke Alston

    Listing office SmallTown Hunting Properties & Real Estate 5607 Highway 71 South Cove, AR 71937, Cove, AR

    Listing date Oct 17, 2025

    MLS# 11592255 Listing URL

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

    HighLights

    • 116± acres of versatile land suitable for livestock, building, or hunting.
    • Borders the Ouachita National Forest, providing access to extensive additional land.
    • Barn and corral centrally located with water well and electricity.
    • Four ponds strategically located for livestock and wildlife.
    • Regular sightings of deer, turkey, and bear.
    • Picturesque views of Poteau Mountain.

    Overview

    This 116.72 acre property is located in Western Scott County, Arkansas, just over four miles east of the Oklahoma border. The land offers a mixture of open fields, timber, water, and varied terrain. The property is bordered by the Ouachita National Forest. There are four ponds located on the property. A barn and corral are centrally located and equipped with both a water well and electricity. The property is suitable for livestock, building a home, or hunting. The property owner reports regular sightings of deer, turkey, and bear. The property is part of the Scott 196, which includes an additional 80 acres and a 3,500± square-foot three-story home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Waldron
    County
    Scott
    State
    Arkansas
    Longitude
    -94.374159
    Latitude
    34.908663

    Nearby Similar for Sale

    • $925,000

      Operating Poultry Farm on 31 Acres

      Operating poultry farm with updated houses and a 10-year contract.
      32814 W Hwy 28, Waldron, AR 72958
      View Details
    • $90,000
      2,410 SF

      Highway Adjacent Shop with Hoist

      2400 SF shop with hoist near Highway 71.
      631 US-71 Byp N, Waldron, AR 72958
      View Details
    • $55,000

      Waldron, AR - 1 Acre Lot

      One-acre level lot in Waldron, Arkansas, suitable for development.
      772 N MAIN ST, Waldron, AR 72958
      View Details
    • $65,000
      1,760 SF

      Waldron Airport Hangar For Sale

      Airport hangar in Waldron, Arkansas with business opportunity.
      2782 Airport RD, Waldron, AR 72958
      View Details
    • $295,000

      Prime Retail Pad Opportunity

      20.6 acres with high visibility in Waldron, Arkansas.
      1188 W 6th Street, Waldron, AR 72958
      View Details
    • $960,000

      Secluded Acreage Bordering National Forest

      160+/- acres with direct National Forest access and 360° views.
      xxx Broomfield Road, Waldron, AR 72958
      View Details
    • $70,000

      Wooded Acreage Near Waldron, Arkansas

      13 wooded acres with potential building site near Waldron.
      TBD Rebecca's Road, Waldron, AR 72958
      View Details
    • $250,000

      Land Near Ouachita National Forest

      65.32 acre property with cabin and recreational potential.
      7908 Tree Hill RD, Waldron, AR 72958
      View Details
    • $199,900

      Secluded Land near Ouachita Forest

      65 acres of land bordering Ouachita National Forest.
      72 TBD Poteau Mountain, Coaldale, AR 72958
      View Details
    • $50,000

      Waldron, AR Residential Lot

      Two lots with potential for commercial rezoning and owner financing.
      Elm St, Waldron, AR 72958
      View Details
    • $60,000

      9.34 Acres in Waldron, AR

      9.34-acre tract ideal for a mini-farm or recreation.
      No 911 Off Elm Street, Waldron, AR 72958
      View Details
    • $295,000
      20 SF

      20.6 Acres Ready For Development

      20.6 acres with utilities, highway frontage, and C-2 zoning.
      1188 West 6th Street, Waldron, AR, 72958
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 116± acre property with fields, timber, water, and barn.
    Where is this agricultural land / farmland located?
    The property is located at 28170 Walnut Road Waldron, AR.
    What is the asking price?
    The asking price for this property is $583,600.
    What are key features of this property?
    This property features: 116± acres of versatile land suitable for livestock, building, or hunting.; Borders the Ouachita National Forest, providing access to extensive additional land.; Barn and corral centrally located with water well and electricity.
    (479) 588-1034
    We can help!
    Listing Contact
    Luke Alston
    Real Estate License ID: SA00087612
    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
    28170 Walnut Road, Waldron, AR 72958
    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!