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    Diamondhead Land Opportunity Title is generated by Realmo AI

    HICKORY HILL lot 000 Ohio Drive, Hot Springs, AR 71913

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    For Sale
    $899,000

    LAND - Hot Springs, AR

    Lot size:
    40.20 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    60
    Last Refresh:
    May 29 at 1:06 pm

    Property Features for HICKORY HILL lot 000 Ohio Drive

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot PT 3630A Diamondhead T Subdivision, Lot PT 3630A &2455A Diamondhead V Subdivision
    Tax Annual Amount
    979

    We can help!

    Listing Contact
    Randy Whitehead

    Listing agent Randy Whitehead License #SA00093211

    Listing office ESQ. Realty Group 422 W Grand Ave, Hot Springs, AR

    Listing date Mar 31, 2026

    MLS# 154644 Listing URL

    Copyright © 2026 Hot Springs 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.

    HighLights

    • Approximately 40 acres in Diamondhead Country Club & Community on Lake Catherine.
    • Located within a 2300‑acre gated community with resort‑style amenities like golf, pool, tennis, and a clubhouse.
    • Existing roads and utilities are in place, making it ideal for development or a private estate.
    • Potential for a private gated entrance from Catherine Park Road.
    • Enjoy the close proximity to shopping, hospitals, and schools in Hot Springs, just 20 minutes away.
    • Offers privacy, natural beauty, and investment potential.

    Overview

    This property features approximately 40 acres of land within the Diamondhead Country Club & Community on Lake Catherine in Hot Springs, Arkansas. The tract offers privacy, natural beauty, and convenience, with existing roads and utilities. Located within a 2300-acre gated community, Diamondhead is located 20 minutes from shopping, hospitals, and schools in Hot Springs. This property offers flexibility and investment potential for developing multiple homesites or creating a private retreat. Residents have access to an 18-hole PGA-sanctioned golf course, a clubhouse with restaurant and banquet facilities, an Olympic-size swimming pool, and tennis and pickleball courts. The property also offers the possibility of a private gated entrance from Catherine Park Road near the Hwy 290 junction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Nail Salon Hotel & Motel Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Hot Springs
    County
    Garland
    State
    Arkansas
    Longitude
    -92.9600608
    Latitude
    34.4201909

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    FAQs

    What type of property is this?
    Land - 40 acres in Diamondhead community with utilities in place.
    Where is this land located?
    The property is located at HICKORY HILL lot 000 Ohio Drive Hot Springs, AR.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Approximately 40 acres in Diamondhead Country Club & Community on Lake Catherine.; Located within a 2300‑acre gated community with resort‑style amenities like golf, pool, tennis, and a clubhouse.; Existing roads and utilities are in place, making it ideal for development or a private estate.
    (501) 844-9011
    We can help!
    Listing Contact
    Randy Whitehead
    Real Estate License ID: SA00093211
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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.

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    HICKORY HILL lot: 000 Ohio Drive, Hot Springs, AR 71913
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