Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Savannah Subdivision Building Site Title is generated by Realmo AI

    3147 Savannah Drive lot 2, Harrison, AR 72601

    View on Map
    Claim this Listing
    For Sale
    $100,000

    LAND - Harrison, AR

    Lot size:
    1.81 Acres
    Added:
    Jun 4, 2025
    Days on Market:
    359
    Last Refresh:
    May 28 at 11:06 am

    Property Features for 3147 Savannah Drive lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    511-10000-002
    Lot size
    1.81 Acres

    Taxes and HOA fees

    Tax Description
    LOT 2 Savannah Subdivision
    Tax Annual Amount
    493

    Utilities

    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Vince Markle
    Vince Markle

    Listing agent Vince Markle License #AB00033394

    Listing office Re/Max Unlimited, Inc. 1412 Hwy 62 N, HARRISON, AR

    Listing date Jun 4, 2025

    MLS# 1310262 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

    • 1.81 acre building site
    • Located in the prestigious Savannah Subdivision
    • Minutes from Harrison, the Hub of the Ozarks
    • Close proximity to Table Rock, Taneycomo and Bull Shoals Lakes
    • Easy access to White, Buffalo and Kings Rivers
    • Conveniently located near Branson, MO and Eureka Springs

    Overview

    This 1.81-acre building site is located in the Savannah Subdivision, west of Harrison, Arkansas. The location is within minutes of Harrison and an hour or less of Table Rock, Taneycomo and Bull Shoals Lakes, the White, Buffalo and Kings Rivers, and multiple fishing, hunting, hiking, camping, and sight seeing venues. Branson, Missouri, and Eureka Springs are also nearby. This location is suitable for building a home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Dental Office Auto Repair Shop Hair Salon Department Store Kitchen & Bath Showroom Electrical Service (Bike/Boat/Book/etc) Store Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrison
    County
    Boone
    State
    Arkansas
    Longitude
    -93.158691
    Latitude
    36.233586

    Nearby Similar for Sale

    • $550,000
      21,753 SF

      Historic Harrison Landmark Building

      Landmark building in downtown Harrison with redevelopment potential.
      120 N Willow Street, Harrison, AR 72601
      View Details
    • $319,700
      3,212 SF

      Harrison Fourplex Investment Opportunity

      Fully occupied fourplex in Harrison with income growth potential.
      705 N Rowland Street, Harrison, AR 72601
      View Details
    • $345,000

      Harrison, AR Commercial Opportunity

      Versatile commercial property with established woodworking business for sale.
      8049 N 7 Highway, Harrison, AR 72601
      View Details
    • $345,000
      1,500 SF

      Established Woodworking Business For Sale

      Turnkey woodworking business with highway frontage on 2.4 acres.
      8049 N 7 Highway, Harrison, AR 72601
      View Details
    • $750,000
      16,774 SF

      Harrison Industrial District Business Opportunity

      Established manufacturing business with real estate, land, and equipment included.
      304 N Industrial Park Road, Harrison, AR 72601
      View Details
    • $550,000
      21,753 SF

      Historic Harrison Landmark Building

      Landmark building with redevelopment potential in downtown Harrison, Arkansas.
      120 N Willow Street, Harrison, AR 72601
      View Details
    • $750,000
      16,774 SF

      Harrison Industrial Business Opportunity

      Established manufacturing business with real estate, land, and equipment included.
      304 N Industrial Park Road, Harrison, AR 72601
      View Details
    • $216,900
      2,145 SF

      Harrison Office Building with Updates

      Updated office building with flexible space and high traffic exposure.
      401 Stephenson Avenue, Harrison, AR 72601
      View Details
    • $1,300,000
      2,544 SF

      Harrison Commercial Development Opportunity

      9.89 acres with highway frontage, ideal for development.
      1520 N 65 Highway, Harrison, AR 72601-1520
      View Details
    • $260,000
      6,365 SF

      Downtown Harrison Commercial Building For Sale

      Spacious commercial building in downtown Harrison with multiple possibilities.
      121 W Rush, Harrison, AR 72601
      View Details
    • $319,700
      803 SF

      Harrison Fourplex Investment Opportunity

      Fully occupied fourplex in Harrison with income and growth potential.
      705 N Rowland Street, Harrison, AR 72601
      View Details
    • $750,000

      27 Acres C-4 Zoned Land

      27-acre C-4 zoned property off Airport Road in Harrison, AR.
      Gipson Road lot: 0, Harrison, AR 72601
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.81 acre building site in Savannah Subdivision, Harrison, AR.
    Where is this residential land & home lot located?
    The property is located at 3147 Savannah Drive lot 2 Harrison, AR.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: 1.81 acre building site; Located in the prestigious Savannah Subdivision; Minutes from Harrison, the Hub of the Ozarks
    (870) 741-0066
    We can help!
    Listing Contact
    Vince Markle
    Vince Markle
    Real Estate License ID: AB00033394
    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
    3147 Savannah Drive lot: 2, Harrison, AR 72601
    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!