Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Farm with River Frontage Title is generated by Realmo AI

    HWY 309, Havana, AR 72842

    View on Map
    Claim this Listing
    For Sale
    $550,000

    LAND - Havana, AR

    Lot size:
    126.00 Acres
    Added:
    May 5, 2026
    Days on Market:
    18
    Last Refresh:
    May 22 at 5:06 am

    Property Features for HWY 309

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    126.00 Acres

    Taxes and HOA fees

    Tax Description
    Located in the SE Pt, of the N
    Tax Annual Amount
    292

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Michael Poor

    Listing agent Michael Poor

    Listing office Whitetail Properties Real Estate, LLC 3604 Frontage Rd, Suite 6, Little Rock, AR

    Listing date May 5, 2026

    MLS# 26018216 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

    • Approximately 3/4 mile of Petit Jean River frontage offering fishing and scenic views.
    • Strong agricultural potential, currently producing a strong hay crop and suitable for cattle.
    • Approximately 1/4 mile of Highway 309 frontage with available utilities.
    • Borders the Blue Mountain Recreation Area and is near Blue Mountain Lake and Mount Magazine State Park.
    • Gated entrance and full perimeter fencing providing security.
    • Mix of open pasture and natural areas supporting farming, livestock, and recreation.

    Overview

    This multi-use farm offers a versatile property with agricultural and recreational value. It features approximately 1/4 mile of Highway 309 frontage with utilities available, providing access and a building site overlooking the land. A gated entrance and full perimeter fencing add functionality and security. The Petit Jean River runs through the property for nearly 3/4 mile, offering fishing, scenic views, and year-round water access. The 126-acre land has been used for cattle and is currently producing a hay crop, highlighting its agricultural potential. A mix of open pasture and natural areas supports farming, livestock, and recreation. Bordering the Blue Mountain Recreation Area, the property is minutes from the Blue Mountain Lake boat ramp and near Mount Magazine State Park, as well as the Ozark and Ouachita National Forests. With abundant wildlife, river frontage, highway access, and utilities, this property is ideal for a farm, recreational retreat, or homesite. The property is located in Havana, AR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Havana
    County
    Yell
    State
    Arkansas
    Longitude
    -93.6307
    Latitude
    35.1011

    Nearby Similar for Sale

    • $60,000

      Havana, Arkansas Land For Sale

      12.84 acres bordering Ouachita National Forest in Havana, Arkansas.
      Pea Ridge Road, Havana, AR 72842
      View Details
    • $115,000

      Havana, AR Land for Sale

      25.6 acres bordering Ouachita National Forest with year-round creek.
      Pea Ridge Road, Havana, AR 72842
      View Details
    • $60,000

      Havana, AR Hunting Land

      12.83 acres bordering Ouachita National Forest with year-round creek.
      Pea Ridge Road, Havana, AR 72842
      View Details
    • $283,520

      70+ Acres of Farmland

      70.88 acres for farming, recreation, and building.
      Mountain Road, Havana, AR 72842
      View Details
    • $98,000

      Havana Land Bordering National Forest

      23 acres bordering National Forest, ideal for hunting and recreation.
      23 acres in Havana, Havana, AR 72842
      View Details

    FAQs

    What type of property is this?
    Farm - Multi-use farm with river frontage, agricultural and recreational value.
    Where is this farm located?
    The property is located at HWY 309 Havana, AR.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Approximately 3/4 mile of Petit Jean River frontage offering fishing and scenic views.; Strong agricultural potential, currently producing a strong hay crop and suitable for cattle.; Approximately 1/4 mile of Highway 309 frontage with available utilities.
    (501) 428-7177
    We can help!
    Listing Contact
    Michael Poor
    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
    HWY 309, Havana, AR 72842
    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!