Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    42 Douglas COVE Lead Hill, AR 72644

    View on Map
    For Sale
    $105,000

    Lots - Lead Hill, AR

    Lot size:
    5.33 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 6 at 8:06 am

    Property Features for 42 Douglas COVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Fence
    Fencing
    Fenced
    Standard status
    Active
    APN
    366-00033-000
    Lot size
    5.33 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Blake Rhein

    Listing agent Blake Rhein

    Listing office United Country Property Connections 212 N. Main St., Harrison, AR

    Listing date Mar 9, 2026

    MLS# 1338646 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.

    Overview

    Secluded Land Near Bull Shoals

    This 5.3 acre lot is situated near the lake and borders a couple hundred acres of Corps Land. The property includes an existing well and electric service already on site. A trail provides access to Bull Shoals lake water's edge. This secluded property, located at the end of the road, is suitable for building an AirBnB or a private getaway. The property and the adjacent Corps Land show recreational animal activity, with thicket and hardwood on the public land surrounding the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Lead Hill
    County
    Boone
    State
    Arkansas
    Longitude
    -92.92705
    Latitude
    36.484773

    Nearby Similar for Sale

    • $150,000

      Established Cafe Opportunity in Lead Hill

      Cafe with equipment, furniture, and storage near lake access.
      14 MAIN STREET, Lead Hill, AR 72644
      View Details
    • $20,000

      Lots in Valley View Subdivision

      Two lots near Bull Shoals Lake, Diamond City, Arkansas.
      E Sunset ST, Lead Hill, AR 72644
      View Details
    • $200,000

      20 Acres Near the Lake

      Secluded 20-acre property near the lake with road access.
      Lower Place DR, Lead Hill, AR 72644
      View Details
    • $3,160

      Residential Lot in Lead Hill

      0.21 acre residential lot in Boone County, Arkansas.
      0 W Park Avenue, Lead Hill, AR 72644-0000
      View Details
    • $55,000

      Unrestricted Land Near Bull Shoals

      Acreage near Bull Shoals Lake with included RV and Conex.
      143 MC 2073, Lead Hill, AR 72644
      View Details
    • $40,000

      Unrestricted Land Parcel Near Lake

      3.39 acre parcel ready for your dream lake cabin.
      TBD Hammerschmidt RD, Lead Hill, AR 72644
      View Details
    • $3,500

      Wooded Lot Near Bull Shoals

      Wooded lot near Bull Shoals Lake in Diamond City, Arkansas.
      Airport RD, Lead Hill, AR 72644
      View Details
    • $18,000

      Ozark Land Near Bull Shoals

      1.21-acre double lot near Bull Shoals Lake.
      * Hall CIR, Lead Hill, AR 72644
      View Details
    • $190,000

      Lead Hill Recreational Land

      47.83 acres with highway frontage and stunning views.
      47 AC N 281 HWY, Lead Hill, AR 72644
      View Details
    • $6,500

      Residential Lot Near Bull Shoals

      0.17 acre residential lot near Bull Shoals Lake.
      Lot 39 E Mockingbird Trail, Lead Hill, AR 72644
      View Details
    • $400,000

      Lead Hill Acreage Near Bull

      68.18 acres near Bull Shoals Lake with development potential.
      * Horseshoe Bend RD, Lead Hill, AR 72644
      View Details
    • $8,850

      Residential Lot Near Lake

      Residential lot suitable for building a lake cabin.
      TBD Lake View ST, Lead Hill, AR 72644
      View Details

    FAQs

    What type of property is this?
    Land - 5.3 acre lot near lake with utilities and Corps land.
    Where is this land located?
    The property is located at 42 Douglas COVE Lead Hill, AR.
    What is the asking price?
    The asking price for this property is $105,000.
    What are key features of this property?
    This property features: 5.3 acre lot backing to Corps Land providing privacy and recreational opportunities.; Direct trail access to Bull Shoals Lake water's edge.; Existing well and electric already on the property.
    (870) 741-7557
    We can help!
    Listing Contact
    Blake Rhein
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!