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

    Lots 1-9 RIVERSIDE DRIVE Norfork, AR 72658

    View on Map
    For Sale
    $895,000

    Acreage,Commercial Land,River Property,Stream Property - Norfork, AR

    Type:Single Family Residence
    Lot size:
    10.50 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    194
    Last Refresh:
    Apr 5 at 11:06 am

    Property Features for Lots 1-9 RIVERSIDE DRIVE

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Exterior features
    Improved Pasture
    Standard status
    Active
    Lot size
    10.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1653.98

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JOEY PEGLAR

    Listing agent JOEY PEGLAR

    Listing office PEGLAR REAL ESTATE GROUP 1326 HWY 62 EAST, Mountain Home, AR

    Listing date Sep 24, 2025

    MLS# 132522 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

    White River Frontage Land Parcel

    This 10.5-acre parcel is located at the end of Riverside Drive, approximately 10 minutes from Mountain Home and 4 minutes from downtown Norfork. The property features approximately 750 feet of White River frontage. The site has two-road frontage, opening development potential for multifamily use, a resort, or a private estate. The property offers river views and has no record of flooding in the last 50 years.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Norfork
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.300849
    Latitude
    36.223657

    Nearby Similar for Sale

    • $599,900
      6,720 SF

      Turnkey Commercial Buildings in Norfork, AR

      Three newly constructed commercial buildings with diverse income streams in Norfork.
      14011 Hwy 5 South, Norfork, AR 72658
      View Details
    • $599,900
      6,720 SF

      Turnkey Commercial Property in Norfork

      Three newly constructed commercial buildings with diverse income streams in Norfork.
      14011 HWY 5 SOUTH, Norfork, AR 72658
      View Details
    • $1,640,000

      117 Acres Near White River

      Land with river access, springs, and abundant natural resources.
      1944 DWELLE ROAD, Norfork, AR 72658
      View Details
    • $1,400,000

      92.25 Acres Near White River

      92.25 acres near White River with multiple springs.
      1944 DWELLE ROAD, Norfork, AR 72658
      View Details
    • $89,900

      Norfork Riverfront Land For Sale

      0.98-acre riverfront lot in Stone Creek Subdivision, Norfork, AR.
      Lot 14 STONE CREEK WAY, Norfork, AR 72658
      View Details
    • $375,000

      Land with White River Views

      24.93 acres with views of the White River.
      001-01287-002 RAINBOW LANE, Norfork, AR 72658
      View Details
    • $1,385,000

      209 Acres on White River

      209-acre property with 4,000 feet of White River frontage.
      Sheid Road, Norfork, AR 72658
      View Details
    • $149,000

      White River Frontage Land

      Two lots totaling 1.78 acres with river frontage.
      Lots 12 & 13 STONE CREEK WAY, Norfork, AR 72658
      View Details
    • $445,000

      Norfork Acreage with Hunting Potential

      160 acres near Norfork, AR, ideal for hunting and recreation.
      01635,01638,016 JORDAN ROAD, Norfork, AR 72658
      View Details
    • $110,000

      White Riverfront One-Acre Lot

      One-acre lot with direct White River access and gravel bar.
      Lot 15 Stone Creek WY, Norfork, AR 72658
      View Details
    • $150,000

      White River Frontage Land

      0.74 acre lot with 121.57 feet of river frontage.
      LOT 10 CROCKET LANE, Norfork, AR 72658
      View Details
    • $159,000

      Unrestricted Land by White River

      4 acres of unrestricted land touching the White River.
      001-04218-002 CR 108, Norfork, AR 72658
      View Details

    FAQs

    What type of property is this?
    Commercial land - 10.5 acre parcel with 750 feet of White River frontage.
    Where is this commercial land located?
    The property is located at Lots 1-9 RIVERSIDE DRIVE Norfork, AR.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 750 feet of White River frontage, ideal for world‑renowned trout fishing.; Large 10 ½ acre parcel, offering substantial space and privacy.; Development potential for multifamily housing, a resort, or a private estate.
    (870) 421-1233
    We can help!
    Listing Contact
    JOEY PEGLAR
    Real Estate License ID: PB00051604
    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!