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

    Lot 29 TBD Millstone Dr. Greenbrier, AR 72058

    View on Map
    Claim this Listing
    For Sale
    $103,000

    Residential Lot - Greenbrier, AR

    Lot size:
    4.61 Acres
    Added:
    Mar 4, 2026
    Days on Market:
    60
    Last Refresh:
    May 3 at 7:06 am

    Property Features for Lot 29 TBD Millstone Dr.

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    449

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gelinda Mudgett

    Listing agent Gelinda Mudgett

    Listing office REMAX Ultimate 1100 Bob Courtway, Suite #9, Conway, AR

    Listing date Mar 4, 2026

    MLS# 26008338 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 Mill Creek

    This 4.61-acre residential lot is located in Mill Creek Estates, approximately three miles from the city limits of Greenbrier, Arkansas. The property includes a pond and is suitable for building. A perc test and survey are available for the lot.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Greenbrier
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.313
    Latitude
    35.2494

    Nearby Similar for Sale

    • $985,000

      Greenbrier Commercial Lot on Highway

      3.96 acre commercial lot with highway frontage in Greenbrier, AR.
      00 S Broadview Street, Greenbrier, AR 72058
      View Details
    • $315,000
      1,172 SF

      Commercial Land with Highway Frontage

      Commercial property with highway frontage, residential potential, and existing structure.
      653 N Hwy 65, Greenbrier, AR 72028
      View Details
    • $325,000
      2,400 SF

      Greenbrier Shop on Large Lot

      New 2,400 SF shop on 0.75-acre lot for sale.
      218 Highway 225, Greenbrier, AR 72058
      View Details
    • $275,000
      1,616 SF

      Commercial Property in Greenbrier, AR

      Commercial property suitable for various businesses with high visibility.
      4 Lake St., Greenbrier, AR 72058
      View Details
    • $289,000

      Prime Commercial Lot in Greenbrier

      High-visibility commercial lot suitable for retail, QSR, medical, or office.
      50 N Broadview Street, Greenbrier, AR 72058
      View Details
    • $850,000

      Highway Frontage Land Opportunity

      Prime land with highway frontage, ideal for development or investment.
      000 N Highway 25, Greenbrier, AR 72061
      View Details
    • $175,000

      Greenbrier Land Opportunity

      Nearly 10 acres ready for development or investment.
      00 Highway 287, Greenbrier, AR 72058
      View Details
    • $399,000
      2,200 SF

      Greenbrier Duplex with Modern Amenities

      Duplex in Greenbrier, each unit with 3 beds, 2 baths.
      19 Horseshoe, Greenbrier, AR 72058
      View Details
    • $472,000

      47.2 Acres Near Greenbrier

      Secluded, forested land with panoramic views and recreational opportunities.
      00 Jason Lane, Greenbrier, AR 72058
      View Details
    • $304,000

      Greenbrier Acreage with Pond

      15.95 acres in Greenbrier, AR with pond and barn.
      00 Arrowhead Rd, Greenbrier, AR 72058
      View Details
    • $70,000

      Residential Lot on Private Lake

      Spacious corner lot on Win Meadow Lake in Greenbrier, AR.
      23 Win Meadow Ln., Greenbrier, AR 72058
      View Details
    • $49,900

      Greenbrier Subdivision Lot For Sale

      Subdivision lot in Greenbrier School District with easy highway access.
      13 Pear Circle, Greenbrier, AR 72058
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Acreage in Mill Creek Estates, close to Greenbrier amenities.
    Where is this residential land & home lot located?
    The property is located at Lot 29 TBD Millstone Dr. Greenbrier, AR.
    What is the asking price?
    The asking price for this property is $103,000.
    What are key features of this property?
    This property features: Acreage in Mill Creek Estates; Perc test completed; Survey available
    (501) 514-5379
    We can help!
    Listing Contact
    Gelinda Mudgett
    Real Estate License ID: EB00052365
    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

    Lot 29 TBD Millstone Dr., Greenbrier, AR 72058

    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!