Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Growing Community Title is generated by Realmo AI

    289 Shepherd Loop Drive, Arkadelphia, AR 71923

    View on Map
    Claim this Listing
    For Sale
    $84,900

    Residential Lot - Arkadelphia, AR

    Lot size:
    1.09 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    59
    Last Refresh:
    May 21 at 6:06 am

    Property Features for 289 Shepherd Loop Drive

    General Information

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

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    397
    Expense value
    360
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Falicia Samuels
    Falicia Samuels

    Listing agent Falicia Samuels

    Listing office Crye*Leike Pro Elite Realty 203 S. 26th St., Suite A, Arkadelphia, AR

    Listing date Mar 24, 2026

    MLS# 26011354 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

    • Desirable location in Northridge Estates, a growing community surrounded by attractive homes and new construction.
    • Spacious vacant homesite offering privacy and room for a custom home.
    • Convenient access to I‑30, universities, Arkadelphia High School, DeGray Lake, and the Ouachita and Caddo Rivers.
    • Proximity to major employers.
    • Opportunity to bring your own builder and plans.
    • Option to consult with the developer of Northridge Estates.

    Overview

    Located in Northridge Estates, this residential lot offers a setting for a custom home. The 1.09-acre homesite is situated in a growing community in Arkadelphia, Arkansas. The location provides convenient access to I-30, Henderson State University, Ouachita Baptist University, Arkadelphia High School, DeGray Lake, and the Ouachita and Caddo Rivers. Major employers including Hostess, Siplast, and Veolia are also nearby. The subdivision features attractive homes and new construction. The property is suitable for homeowners and investors. Buyers can bring their own builder and plans.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Arkadelphia
    County
    Clark
    State
    Arkansas
    Longitude
    -93.092626
    Latitude
    34.135784

    Nearby Similar for Sale

    • $499,000
      4,764 SF

      Arkadelphia Commercial Investment Opportunity

      4,764 sq ft office building on high-traffic Pine Street.
      2503 Pine Street, Arkadelphia, AR 71923
      View Details
    • $495,000
      4,976 SF

      Arkadelphia Medical Office Space For Lease

      4,000 SF office space for lease in Arkadelphia, Arkansas.
      2906 Cypress Rd, Arkadelphia, AR 71923
      View Details
    • $589,000
      4,607 SF

      Professional Office Building in Arkadelphia

      Well-maintained office building ideal for medical or general office use.
      2906 cypress Drive, Arkadelphia, AR 71923
      View Details
    • $120,000
      459 SF

      Arkadelphia Commercial Opportunity on Highway

      Commercial building and land for sale in high-visibility location.
      2390 Malvern Road, Arkadelphia, AR 71923
      View Details
    • $181,900
      1,904 SF

      Well-Maintained Duplex in Arkadelphia, AR

      Tenant-occupied duplex near universities, offering immediate income potential.
      1019 Village Drive, Arkadelphia, AR 71923
      View Details
    • $181,900
      1,904 SF

      Well-Maintained Duplex in Arkadelphia

      Brick duplex near universities, offering immediate income potential.
      1019 VILLAGE Drive, Arkadelphia, AR 71923
      View Details
    • $189,000
      1,808 SF

      Arkadelphia Duplex with Expansion Potential

      Duplex with two units, large lot, expansion potential.
      1028 S 11th Street, Arkadelphia, AR 71923
      View Details
    • $225,000
      2,304 SF

      Income-Producing Fourplex with Solar Power

      Two duplexes, four units, solar power, income opportunity in Arkadelphia.
      234 N 26Th & 235 N 25th Street, Arkadelphia, AR 71923
      View Details
    • $285,000
      2,576 SF

      Meticulously Maintained Arkadelphia Triplex

      Turnkey triplex with diverse units and ample parking.
      1103 Caddo Street, Arkadelphia, AR 71923
      View Details
    • $495,000
      4,000 SF

      Arkadelphia Shop with Highway Frontage

      Three-bay shop with office space and highway frontage.
      901 carpenter Street, Arkadelphia, AR 71743
      View Details
    • $3,500
      2,526 SF

      Renovated Office Building For Sale

      2,526 SF office building renovated in 2007, great investment.
      2911 Pine, Arkadelphia, AR 71923
      View Details
    • $15,000

      Residential Lot in Established Area

      Wooded lot in established residential area, close to city conveniences.
      TBD North Park Drive, Arkadelphia, AR 71923
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious homesite in desirable Arkadelphia location near universities and amenities.
    Where is this residential land & home lot located?
    The property is located at 289 Shepherd Loop Drive Arkadelphia, AR.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: Desirable location in Northridge Estates, a growing community surrounded by attractive homes and new construction.; Spacious vacant homesite offering privacy and room for a custom home.; Convenient access to I‑30, universities, Arkadelphia High School, DeGray Lake, and the Ouachita and Caddo Rivers.
    (870) 210-0958
    We can help!
    Listing Contact
    Falicia Samuels
    Falicia Samuels
    Real Estate License ID: SA00077591
    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
    289 Shepherd Loop Drive, Arkadelphia, AR 71923
    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!