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

    Lot 21 OAKRIDGE DRIVE Gepp, AR 72538

    View on Map
    For Sale
    $44,900

    Acreage - Gepp, AR

    Lot size:
    4.45 Acres
    Added:
    Mar 3, 2025
    Days on Market:
    394
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for Lot 21 OAKRIDGE DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Exterior features
    Hardwood, Mixed
    Standard status
    Active
    Lot size
    4.45 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    136.26

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    BRAYDON PENDER

    Listing agent BRAYDON PENDER

    Listing office UNITED COUNTRY COZORT REALTY 1830 BUSINESS ROUTE 63, MOUNTAIN HOME, AR

    Listing date Mar 3, 2025

    MLS# 130843 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

    Gepp, AR Acreage Near Lake

    This is a 4.45 acre partially wooded lot, conveniently located 8 minutes from Lake Norfork. It is easily accessible and provides a blank canvas for development. Electric service is available on the gravel road. This property offers an investment opportunity and could be developed into cabins, short term rentals, or even retirement homes. It is ideal for gardening, homesteading, and enjoying peace and quiet. It is suitable for building a dream home or setting up camp near the lake. The property is located less than half a mile from a gravel road, 15 minutes from Mountain Home, AR, and a short drive from the Henderson Lake Access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Auto Parts Store Storage Facility Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gepp
    County
    Fulton
    State
    Arkansas
    Longitude
    -92.152276
    Latitude
    36.383101

    Nearby Similar for Sale

    • $135,000

      Gepp, AR Acreage with Dock

      9.8 acres with boat slip on Norfork Lake.
      Lot 44 & 45 Hwy 62 East, Gepp, AR 72538
      View Details
    • $135,000

      Norfork Lake Acreage with Dock

      9.8 acres with boat slip on Norfork Lake.
      Lot 44 & 45 HWY 62 EAST, Gepp, AR 72538
      View Details
    • $89,900

      Unrestricted Wooded Acreage on Highway

      21.7 acres of unrestricted wooded land with highway frontage.
      4825 HWY 87 NORTH, Gepp, AR 72538
      View Details
    • $135,000

      Unrestricted Acreage with Highway Frontage

      18+ acres with shop, highway access, and development potential.
      15650 62/412 Highway, Gepp, AR 72538
      View Details
    • $65,000

      Gepp, AR Land Opportunity

      4.63 acres near Lake Norfork with utilities.
      Serenity Court lot: 32, Gepp, AR 72538
      View Details
    • $49,900

      Gepp Acreage Near Lake Norfork

      4.47 acre partially wooded lot near Lake Norfork.
      Lot 22 OAKRIDGE DRIVE, Gepp, AR 72538
      View Details
    • $44,900

      Gepp, AR Wooded Acreage

      Partially wooded 4.47 acres, conveniently located near Lake Norfork.
      Oakridge Drive lot: 22, Gepp, AR 72538
      View Details
    • $44,900

      Gepp, AR Wooded Acreage

      Partially wooded 4.47 acres, convenient location near Lake Norfork.
      Oakridge Drive lot: 21, Gepp, AR 72538
      View Details
    • $44,900

      Gepp, AR Wooded Acreage

      Partially wooded 4.45 acre lot near Lake Norfork.
      Oakridge Drive lot: 20, Gepp, AR 72538
      View Details
    • $44,900

      Gepp Acreage Near Lake Norfork

      4.45 acre lot near Lake Norfork, ideal for development.
      Lot 20 OAKRIDGE DRIVE, Gepp, AR 72538
      View Details
    • $44,900

      Gepp Acreage Near Lake Norfork

      4.99 acre lot near Lake Norfork, Arkansas.
      Lot 18 OAKRIDGE DRIVE, Gepp, AR 72538
      View Details
    • $44,900

      Gepp, AR Wooded Land

      Partially wooded 4.99 acres near Lake Norfork.
      Oakridge Drive lot: 18, Gepp, AR 72538
      View Details

    FAQs

    What type of property is this?
    Land - 4.45 acre partially wooded lot near Lake Norfork.
    Where is this land located?
    The property is located at Lot 21 OAKRIDGE DRIVE Gepp, AR.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: Large 4.45 AC partially wooded lot, ideal for various uses.; Conveniently located 8 minutes from Lake Norfork.; Easily accessible with electric available on the gravel road.
    (417) 280-1997
    We can help!
    Listing Contact
    BRAYDON PENDER
    Real Estate License ID: 2015040146
    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!