Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Mundell Road Eureka Springs, AR 72631

    View on Map
    Claim this Listing
    For Sale
    $449,000

    LAND - Eureka Springs, AR

    Lot size:
    6.67 Acres
    Added:
    May 19, 2025
    Days on Market:
    354
    Last Refresh:
    May 7 at 8:06 pm

    Property Features for Mundell Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    001-08878-001
    Lot size
    6.67 Acres

    Taxes and HOA fees

    Tax Description
    A part of the SW1/4 of the NW1/4, of Section 14, T20N, R27W, Eureka Springs, Carroll County, Arkansas
    Tax Annual Amount
    99999

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well

    We can help!

    Listing Contact
    Adam Biossat
    Adam Biossat

    Listing agent Adam Biossat License #EB00055442

    Listing office Bay Realty, Inc. 11858 Hwy 187, AR

    Listing date May 19, 2025

    MLS# 1308536 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.

    HighLights

    • Excellent views of Beaver Lake from a high hilltop location.
    • Easy access via Highway 187, Mundell Road, and Shortcut Road.
    • Versatile land suitable for residential or various commercial ventures (hotel, restaurant, store, etc.).
    • Centrally located near Beaver Dam, Starkey Marina, White River, and Eureka Springs.
    • Utilities readily available: electric nearby, community water system access, and septic permit on file.
    • Historically significant land known as "Grassy Knob".

    Overview

    Iconic Land with Lake Views

    This 6.67-acre tract of land, known as "Grassy Knob", is located near Beaver Dam and Eureka Springs. Bordered by Highway 187, Mundell Road, and the "Shortcut Road", the property offers views of Beaver Lake. The location is centrally located in the area and is close to Beaver Dam, Starkey Marina, the White River, and Eureka Springs. The property is suitable for a residence or for a high-end estate, cabin business, hotel, restaurant, or convenience store. Electric service is nearby, and the property can connect to a community water system. A septic permit is on file. Additional tree clearing could further enhance the lake view.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.830081
    Latitude
    36.402531

    Nearby Similar for Sale

    • $759,000
      5,267 SF

      Turn-Key Tourist Lodging Investment

      Tourist lodging with commercial zoning near downtown Eureka Springs.
      3185 E Van Buren, Eureka Springs, AR 72632
      View Details
    • $375,000
      2,210 SF

      Eureka Springs Commercial Opportunity

      Commercial property with highway frontage, ideal for various ventures.
      426 Van Buren, Eureka Springs, AR 72632
      View Details
    • $1,499,999
      5,696 SF

      Iconic Eureka Springs Lounge & Pub

      Historic downtown Eureka Springs lounge and pub for sale.
      82 Armstrong Street, Eureka Springs, AR 72632
      View Details
    • $185,000
      599 SF

      Eureka Springs Retail/Residential Condo

      Commercial condominium unit with high visibility and flexible zoning.
      151 Van Buren, Eureka Springs, AR 72632
      View Details
    • $659,000
      3,000 SF

      Historic Eureka Springs Mixed-Use Building

      Two-story building with retail storefront and residential apartment.
      87 Spring Street, Eureka Springs, AR 72632
      View Details
    • $1,200,000
      5,937 SF

      Eureka Springs Commercial Opportunity

      Established convenience store on 4.03 acres with high visibility.
      14735 Highway 62, Eureka Springs, AR 72632
      View Details
    • $488,000
      1,792 SF

      Eureka Springs Income Property

      Unique income property near White River with duplex and glamping.
      895 Flamingo Lane, Eureka Springs, AR 72631
      View Details
    • $445,500
      3,804 SF

      Eureka Springs Mixed-Use Property

      Commercial space with living quarters in high-traffic location.
      2080 Van Buren, Eureka Springs, AR 72632
      View Details
    • $1,650,000
      4,300 SF

      Eureka Springs Restaurant & Event Venue

      Turnkey hospitality and restaurant opportunity near downtown Eureka Springs.
      148-150 Passion Play Road, Eureka Springs, AR 72632
      View Details
    • $650,000
      2,500 SF

      Eureka Springs Income Property

      Commercially zoned property with retail space and short-term rentals.
      50 Main Street, Eureka Springs, AR 72632
      View Details
    • $80,000

      10 Acres Near Beaver Lake

      10 acres near Beaver Lake and Eureka Springs.
      CR 206, Eureka Springs, AR 72632
      View Details
    • $320,000

      Lakefront Land with Boat Slip

      0.99 acre Eureka Springs land with lake access.
      CR 1526 lot: 13, Eureka Springs, AR 72632
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime land near Beaver Dam with development potential.
    Where is this commercial land located?
    The property is located at Mundell Road Eureka Springs, AR.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: Excellent views of Beaver Lake from a high hilltop location.; Easy access via Highway 187, Mundell Road, and Shortcut Road.; Versatile land suitable for residential or various commercial ventures (hotel, restaurant, store, etc.).
    (479) 253-5555
    We can help!
    Listing Contact
    Adam Biossat
    Adam Biossat
    Real Estate License ID: EB00055442
    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
    Mundell Road, Eureka Springs, AR 72631
    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!