Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in High Point Title is generated by Realmo AI

    37 High Point Drive, Mayflower, AR 72106

    View on Map
    Claim this Listing
    For Sale
    $60,000

    Subdivision Lot - Mayflower, AR

    Lot size:
    3.00 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    74
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 37 High Point Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    248-00037-000
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    179

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Megan Murray
    Megan Murray

    Listing agent Megan Murray

    Listing office Varvil Real Estate 5848 C Heber Springs Rd, Quitman, AR

    Listing date Mar 9, 2026

    MLS# 26008988 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

    • 3‑acre buildable lot in a private, secluded subdivision
    • Convenient location: less than 10 minutes to I‑40, and only 4 miles from Mayflower
    • Abundant wildlife and natural setting with oak, hickory, and berry plants
    • Established neighborhood with nice homes and self‑sufficient water wells
    • Minimum building size of 1,450 sq ft ensures quality construction
    • Restrictions against mobile homes maintain property values

    Overview

    This 3-acre lot is located in the High Point Subdivision in the Arkansas River Valley, approximately four miles northwest of Mayflower and less than 10 minutes from the I-40 on-ramp. The subdivision is private and situated on a dead-end county road. The land features a slow downward slope from the road, making it suitable for building. The lot contains oak and hickory trees, along with winged elms, Deerberry shrubs, muscadine vines, and wild blackberries. Wildlife, including white-tailed deer, rabbits, gray squirrels, and various bird species, are commonly observed. Several homes are located along the ridge, and residents utilize their own water wells. The minimum building square footage is 1,450, and mobile homes are not permitted. Additional lots are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Building Supply Kitchen & Bath Showroom Garden Center Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mayflower
    County
    Faulkner
    State
    Arkansas
    Longitude
    -92.461914
    Latitude
    34.97514

    Nearby Similar for Sale

    • $389,900
      2,014 SF

      Highway Frontage Mixed-Use Building

      High-visibility commercial property with office, shop, and expansion potential.
      596 Hwy 365, Mayflower, AR 72106
      View Details
    • $195,000
      1,200 SF

      Commercial Buildings on Highway 365

      Two commercial buildings suitable for various business uses.
      637 & 639 Hwy 365, Mayflower, AR 72106
      View Details
    • $495,000
      6,896 SF

      Mixed-Use Investment Opportunity, Mayflower

      Mixed-use property with commercial and residential units in growing area.
      495 Highway 365, Mayflower, AR 72106
      View Details
    • $495,000
      6,850 SF

      Mayflower Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in Mayflower.
      495 Hwy 365, Mayflower, AR 72106
      View Details
    • $1,800,000
      2,280 SF

      Prime Corner Lot with Highway Frontage

      4.3 acre corner lot in growing Mayflower market.
      616 Hwy 365, Mayflower, AR 72106
      View Details
    • $379,000

      Mayflower Acreage with Creek Frontage

      10.3 acres in Stone Hill Ranch gated community.
      91 Valley Ranch, Mayflower, AR 72106
      View Details
    • $99,000

      Residential Lot in High Point

      4.14 acre lot in private Mayflower subdivision.
      2 High Point Drive, Mayflower, AR 72106
      View Details
    • $62,000

      Residential Lot in High Point

      3.1 acre residential lot in a private subdivision.
      11 High Point Drive, Mayflower, AR 72106
      View Details
    • $109,900

      Residential Lot in River Plantation

      Desirable subdivision lot for dream home with panoramic views.
      83 W River Road Drive, Mayflower, AR 72106
      View Details
    • $274,900

      Residential Lot in Gated Community

      10.01 acre residential lot in private, gated Mayflower community.
      8 Valley Ranch Drive, Mayflower, AR 72106
      View Details
    • $169,000

      Arkansas Riverfront Acreage in Mayflower

      Approximately 5 acres on the Arkansas River in Mayflower.
      0 Easterwood Point Road, Mayflower, AR 72106
      View Details
    • $69,500

      Mayflower Acreage For Sale

      10.37 acres in Mayflower school district with building site.
      00 Tribal Ridge, Mayflower, AR 72106
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3-acre residential lot in a private Mayflower subdivision.
    Where is this residential land & home lot located?
    The property is located at 37 High Point Drive Mayflower, AR.
    What is the asking price?
    The asking price for this property is $60,000.
    What are key features of this property?
    This property features: 3‑acre buildable lot in a private, secluded subdivision; Convenient location: less than 10 minutes to I‑40, and only 4 miles from Mayflower; Abundant wildlife and natural setting with oak, hickory, and berry plants
    (501) 589-3126
    We can help!
    Listing Contact
    Megan Murray
    Megan Murray
    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
    37 High Point Drive, Mayflower, AR 72106
    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!