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    Tbd State Hwy 309 Havana, AR 72842

    Sponsored
    For Sale
    $240,000

    Recreational - Havana, AR

    Lot size:
    83.90 Acres
    Days on Market:
    12
    Last Refresh:
    Feb 4 at 1:06 am

    Property Features for Tbd State Hwy 309

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    001-08059-000
    Lot size
    83.90 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Will Dawson

    Mossy Oak Properties Field, Farm, & Homes (479) 480-7000

    Listing agent Will Dawson (479) 480-7000

    Listing date Jan 24, 2026

    MLS# 1086477 Listing URL

    Copyright © 2026 Western River Valley 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.

    Learn more

    Property Insight Report

    Overview

    Havana, AR Recreational Land

    This 83.9-acre property, situated outside of Havana, in Yell County, Arkansas, offers a combination of highway accessibility and seclusion. Part of the parcel is perched on a prominent ridge, offering unobstructed vistas. The property borders U.S. Army Corps of Engineers land, providing a buffer of protected forest. The terrain provides elevated building sites. Mountain View Dr gives access to the ridge of the property. The property directly borders U.S. Army Corps of Engineers land, ensuring privacy and access to public land for recreation, hiking, wildlife viewing, and hunting. The property has paved access via Hwy 309, a designated State Scenic Byway. It is located minutes away from the Blue Mountain Dam and recreation areas, and a short drive to Mount Magazine State Park. With highway frontage, the property sits in a corridor where electric and rural water services are available at the road. The property offers views of the Ouachita National Forest to the South and views of Blue Mountain Lake and the Petit Jean River Valley to the West/Northwest.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Havana
    County
    Yell
    State
    Arkansas
    Longitude
    -93.5884
    Latitude
    35.1238

    FAQs

    What type of property is this?
    Recreation land - 83.9 acres of land near Blue Mountain Lake.
    Where is this recreation land located?
    The property is located at Tbd State Hwy 309 Havana, AR.
    What is the asking price?
    The asking price for this property is $240,000.
    What are key features of this property?
    This property features: - Direct border to U.S. Army Corps of Engineers land ensures permanent privacy and recreational access to Blue Mountain Lake.; - Sweeping, unobstructed panoramic views of Ouachita National Forest, Blue Mountain Lake, and Petit Jean River Valley.; - Highway frontage with available electric and rural water services.
    (479) 480-7000
    Request Owner's contact information
    Tbd State Hwy 309 Havana, AR 72842
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    Havana, AR 72842
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    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
    Tbd State Hwy 309 Havana, AR 72842
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    We can help!
    Listing Contact
    Will Dawson
    (479) 480-7000
    Learn more
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