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    Land with Highway Frontage Title is generated by Realmo AI

    Windover Acres - 4874 HWY 62 lot 2 3 4, Eureka Springs, AR 72632

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    For Sale
    $297,800

    LAND - Eureka Springs, AR

    Lot size:
    4.06 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    72
    Last Refresh:
    May 22 at 9:06 pm

    Property Features for Windover Acres - 4874 HWY 62 lot 2 3 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    245-00004-000
    Lot size
    4.06 Acres

    Taxes and HOA fees

    Tax Description
    LOT2 -1.3AC, Lot3 -1.2AC, Lot4 -1.5AC

    Utilities

    Utilities
    Propane
    Sewer type
    Septic Tank
    Water source
    Well

    We can help!

    Listing Contact
    Todd Summers

    Listing agent Todd Summers License #EB00052816

    Listing office United Country Countryside Realty 110 E Madison Ave 216 Meadows Lane, AR

    Listing date Mar 12, 2026

    MLS# 1339200 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.

    HighLights

    • Prime location: Close proximity to Eureka Springs and Berryville with high visibility Highway 62 frontage.
    • 30x40 metal shop on concrete slab with shop space, 1‑bedroom, 1‑bathroom living quarters, and loft storage.
    • Multiple lots totaling 4 acres: Two side‑by‑side lots with highway frontage and an additional lot accessible by county road.
    • Existing infrastructure: Includes well water access, gas line availability, and a full septic system.
    • 24x24 2‑car garage on concrete slab and 2 RV set‑up spots with electric, water, and sewer dump.
    • Versatile potential: Suitable for workshop, home building, RV base, commercial venture, or multi‑lot investment.

    Overview

    Located approximately 2 miles from Eureka Springs and 4 miles from Berryville, this property features two side-by-side lots of 1.3 acres and 1.2 acres, plus an additional 1.5-acre lot accessible via a short county road. All lots have access to well water and gas lines. The 1.3-acre lot includes a 30+ ft. asphalt apron off the highway and a 30x40 metal shop on a concrete slab, equipped with two roll-up doors. Inside the shop, there is shop space, a one-bedroom, one-bathroom living quarters with appliances, window AC, and a propane wall heater. The shop space also features a propane hookup, 220V electric, a wood stove, and loft storage. The shop/living quarters and two RV spots are serviced by a full septic system. Additionally, there is a 24x24 two-car garage on a concrete slab and two RV set-up spots with electric, water, and sewer dump. The property is located minutes from Kings River and Beaver Lake, and approximately 45 minutes from Branson, MO, and Table Rock Lake. The total lot size is 4.06 acres. This property is suitable for a workshop, home building site, RV home base, commercial venture, or multi-lot investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.667931
    Latitude
    36.399437

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    FAQs

    What type of property is this?
    Commercial land - Land with shop, living quarters, and RV spots.
    Where is this commercial land located?
    The property is located at Windover Acres - 4874 HWY 62 lot 2 3 4 Eureka Springs, AR.
    What is the asking price?
    The asking price for this property is $297,800.
    What are key features of this property?
    This property features: Prime location: Close proximity to Eureka Springs and Berryville with high visibility Highway 62 frontage.; 30x40 metal shop on concrete slab with shop space, 1‑bedroom, 1‑bathroom living quarters, and loft storage.; Multiple lots totaling 4 acres: Two side‑by‑side lots with highway frontage and an additional lot accessible by county road.
    (870) 423-6900
    We can help!
    Listing Contact
    Todd Summers
    Real Estate License ID: EB00052816
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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.

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