Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Lakeview, AR Title is generated by Realmo AI

    006-00196-000 RAVINE DRIVE, Lakeview, AR 72642

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Lakeview, AR

    Lot size:
    0.31 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    80
    Last Refresh:
    May 22 at 11:06 am

    Property Features for 006-00196-000 RAVINE DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    006 001796 000
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 17 Blk E Forest Shores Sub.
    Tax Annual Amount
    130

    We can help!

    Listing Contact
    Donald Buttman

    Listing agent Donald Buttman

    Listing office BEAMAN REALTY 5897 HWY 178 W, Lakeview, AR

    Listing date Mar 3, 2026

    MLS# 133500 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.

    HighLights

    • Level lot, simplifying construction and landscaping
    • Located at the end of a dead‑end road, offering privacy and reduced traffic
    • Electric service is already available on the property
    • Water service is already available on the property
    • Fenced property

    Overview

    This residential lot, sized at 0.31 acres, is located in Lakeview, Arkansas. Situated on a level plot at the end of a dead-end road, the property offers available electric and water connections. A septic system will be required. The property is located in Baxter County, Arkansas.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lakeview
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.4858
    Latitude
    36.4313

    Nearby Similar for Sale

    • $149,000
      2,000 SF

      Commercial Building with Highway Frontage

      Remodeled commercial building with highway frontage and seasonal lake view.
      6515 HWY 178, Lakeview, AR 72642
      View Details
    • $210,000
      2,766 SF

      Lakeview Commercial Opportunity For Sale

      Commercial property in Lakeview, AR, near Lakeview Marina and White River.
      6173 HWY 178, Lakeview, AR 72642
      View Details
    • $210,000
      2,766 SF

      Lakeview Commercial Property Near Marina

      Commercial property near Lakeview Marina and White River.
      6173 Highway 178, Lakeview, AR 72642
      View Details
    • $20,990

      Residential Lots Near Bull Shoals

      Wooded residential lots in Lakeview, AR, near Bull Shoals Lake.
      Lt 23,24,25 Sycamore Tree Lane, Lakeview, AR 72653
      View Details
    • $9,388

      Lakeview, AR Land For Sale

      Land near Bull Shoals Lake with utilities available.
      002-10881-000 Ar-178 lot: Pt 3 & Pt 7, Lakeview, AR 72642
      View Details
    • $34,900

      Lakeview, AR Land For Sale

      0.63-acre lot near Bull Shoals Lake, suitable for building.
      002-04235-000 WAYNE DRIVE, Lakeview, AR 72642
      View Details
    • $29,000

      Lakeview, AR Commercial Land

      4.5 acre commercial land for sale in Lakeview.
      006-02993-000 HWY 178, Lakeview, AR 72642
      View Details
    • $9,388

      Lakeview, AR Lot For Sale

      Lot near Bull Shoals Lake with utilities available.
      002-10881-000 Hwy 178, Lakeview, AR 72642
      View Details
    • $12,000

      Land Near Bull Shoals Lake

      Wooded land near Bull Shoals Lake and White River.
      001-09520-000 Hwy 178, Lakeview, AR 72642
      View Details
    • $12,000

      Land Near Bull Shoals Lake

      Land near Bull Shoals Lake and White River.
      001-09520-000 HWY 178, Lakeview, AR 72642
      View Details
    • $7,650

      Corner Lot with Pond View

      Corner lot near White River and Bull Shoals Lake.
      Flint Drive, Lakeview, AR 72642-0000
      View Details
    • $7,650

      Corner Lot with Pond View

      Corner lot near White River and Bull Shoals Lake.
      002-04257-504 FLINT DRIVE, Lakeview, AR 72642
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Level lot with utilities available in Lakeview, Arkansas.
    Where is this residential land & home lot located?
    The property is located at 006-00196-000 RAVINE DRIVE Lakeview, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Level lot, simplifying construction and landscaping; Located at the end of a dead‑end road, offering privacy and reduced traffic; Electric service is already available on the property
    (870) 431-5252
    We can help!
    Listing Contact
    Donald Buttman
    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
    006-00196-000 RAVINE DRIVE, Lakeview, AR 72642
    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!