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

    002-11058-011 CR 23 Clarkridge, AR 72623

    View on Map
    For Sale
    Contact for pricing

    Subdivisions - Clarkridge, AR

    Lot size:
    2.00 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    30
    Last Refresh:
    Apr 5 at 7:06 am

    Property Features for 002-11058-011 CR 23

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Hardwood
    Standard status
    Active
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2020
    Tax Annual Amount
    200

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    KENT SMITH
    KENT SMITH

    Listing agent KENT SMITH

    Listing office CENTURY 21 LeMAC REALTY 1024 HWY 62 EAST, Mountain Home, AR

    Listing date Mar 6, 2026

    MLS# 133526 Listing URL

    Copyright © 2026 North Central Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Subdivision Lot Near Lake

    This property is a 2-acre lot located in an established subdivision. The level, tree-shaded lot features either gravel or black top. It is situated near a boat launch on Norfork Lake.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Clarkridge
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.3524
    Latitude
    36.4527

    Nearby Similar for Sale

    • $69,900

      Secluded Acreage Near Lake Norfork

      4.53 acre wooded tract ready for building near Lake Norfork.
      Lot 6 CR 476, Clarkridge, AR 72623
      View Details
    • $15,000

      Wooded Land Near Norfork Lake

      Two-acre wooded lots near Norfork Lake with road frontage.
      Lot 21 CR 472, Clarkridge, AR 72623
      View Details
    • $25,000

      Wooded Land with Road Frontage

      3.75 acres of wooded land suitable for cabin.
      3616 CR 36, Clarkridge, AR 72623
      View Details
    • $21,500

      Residential Land Near Norfork Lake

      Two acre lot near Norfork Lake with road frontage.
      002-11058-005 SHOSHONI TRAIL, Clarkridge, AR 72623
      View Details
    • $80,900

      Clarkridge Acreage Near Norfork Lake

      11.39 acre parcel near Norfork Lake in Clarkridge, Arkansas.
      Tract 19 PROVIDENCE RIDGE ROAD, Clarkridge, AR 72623
      View Details
    • $70,900

      Clarkridge Acreage Near Norfork Lake

      10.36 acre parcel near Norfork Lake in Clarkridge, Arkansas.
      Tract 21 PROVIDENCE RIDGE ROAD, Clarkridge, AR 72623
      View Details
    • $90,900

      Clarkridge Acreage Near Norfork Lake

      13.12 acre parcel near Norfork Lake, Arkansas.
      Tract 17 PROVIDENCE RIDGE ROAD, Clarkridge, AR 72623
      View Details
    • $80,900

      Clarkridge Acreage Near Norfork Lake

      11.79 acres near Norfork Lake with seasonal creek.
      Tract 20 PROVIDENCE RIDGE ROAD, Clarkridge, AR 72623
      View Details
    • $299,900

      Clarkridge Acreage Near Norfork Lake

      40.66 acre parcel near Norfork Lake in Arkansas.
      17,19,20,21 PROVIDENCE RIDGE ROAD, Clarkridge, AR 72623
      View Details
    • $59,000

      Wooded Acreage Near Lake Norfork

      10 acres of wooded Ozark land near Lake Norfork.
      001-07343-014 CALHAN CIRCLE, Clarkridge, AR 72623
      View Details
    • $59,000

      Ozark Acreage Near Lake Norfork

      10+ acres of wooded land near Lake Norfork.
      000 Calhan Circle, Clarkridge, AR 72623
      View Details
    • $59,000

      Ozark Land Near Lake Norfork

      10-acre wooded property near Lake Norfork, ideal for recreation.
      Calhan Circle, Clarkridge, AR 72623
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level, shaded lot in established subdivision near Norfork Lake.
    Where is this residential land & home lot located?
    The property is located at 002-11058-011 CR 23 Clarkridge, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Near boat launch on Norfork Lake; Well established subdivision; Level, tree shaded lots
    (870) 405-0500
    We can help!
    Listing Contact
    KENT SMITH
    KENT SMITH
    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!