Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land on Lodge Drive Title is generated by Realmo AI

    12483 Lodge Drive Lot 2, Garfield, AR 72732

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,471,000

    Commercial land available on Lodge Drive in Garfield, Arkansas.

    Property size:
    15,867 SF
    Price / SF:
    $344/SF
    Added:
    May 6, 2026
    Days on Market:
    18
    Last Refresh:
    May 14 at 3:18 am

    Property Features for 12483 Lodge Drive Lot 2

    General Information

    Standard status
    Active
    Size
    15,867 SF

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Salmonsen Group Realtors

    Listing agent Salmonsen Group Realtors

    Listing office Keller Williams Market Pro Realty Bentonville West

    Listing date May 6, 2026

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Market Pro Realty Bentonville West

    HighLights

    • Located in Benton County
    • Built in 1972
    • Property is located off Lodge Dr.
    • Property is located off AR‑127 E/Main St.
    • Property is located off Hwy 62
    • Property is on the left

    Overview

    This commercial land is located on Lodge Drive in Garfield, Benton County, Arkansas. To reach the property when heading east on Highway 62, turn right onto AR-127 East/Main Street and continue for approximately 4.1 miles. Then, turn right onto Lodge Drive and continue for approximately 1.1 miles before turning right again. The property will be on the left. The property has a size of 15867 square feet.
    Location Intelligence

    Current Use by Public Records

    Whitney Mountain Lodge Hotel & Motel

    Suggested Use

    Real Estate Agency Auto Repair Shop Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Benton
    State
    Arkansas
    Longitude
    -93.916306
    Latitude
    36.401363

    Nearby Similar for Sale

    • $1,175,000
      3,100 SF

      Beaver Lake Income Property

      Rare investment opportunity near Beaver Lake with multiple income streams.
      13501 Arrow Lane, Garfield, AR 72732
      View Details
    • $995,000
      5,139 SF

      Beaver Lake Waterfront Land

      Land with private dock and shoreline on Beaver Lake.
      22005 Indian Bluff Road lot: 0, Garfield, AR 72732
      View Details
    • $550,000

      Beaver Lakefront Homesite with Boat Slip

      6.58 acres with 300+ feet of Beaver Lake frontage.
      TBD Tract 3 Dam Site Loop, Garfield, AR 72732
      View Details
    • $6,850,000

      Beaver Lake Estate on Acreage

      Stunning 5BR home on 249 acres near Beaver Lake.
      18700 Knabenschuh Drive, Garfield, AR 72732
      View Details
    • $1,339,000

      Beaver Lake Waterfront Land Parcel

      Rare 5.77 acre lakefront property with private dock.
      Sunrise Cove Road, Garfield, AR 72732
      View Details
    • $575,000

      Garfield Land with Lake Views

      10.4-acre homesite with panoramic lake and Ozark views.
      TBD Tract 5 Dam Site Loop, Garfield, AR 72732
      View Details
    • $1,000,000

      Lakefront Land Ready to Build

      5.28 acres of lakefront property with septic design.
      Ventris Road, Garfield, AR 72732
      View Details
    • $2,750,000

      Beaver Lake Waterfront Land

      Private 36.7-acre waterfront property with direct lake access.
      21755 Slate Gap Road, Garfield, AR 72732
      View Details
    • $1,950,000

      Breathtaking Beaver Lake View Property

      8-acre property with year-round lake views, development potential.
      12483 Lodge Drive lot: 1, Garfield, AR 72732
      View Details
    • $1,500,000

      Breathtaking Beaver Lake View Land

      6.85 acres with year-round lake views in Garfield, AR.
      12483 Lodge Drive lot: 3, Garfield, AR 72732
      View Details
    • $15,000

      Lake-View Lot in Garfield, AR

      0.35 acre lake-view lot near Lost Bridge Marina.
      Antler Drive lot: 124, Garfield, AR 72732
      View Details
    • $50,000

      Beaver Lake View Land Parcel

      Vacant land parcel with lake view near Beaver Lake.
      Sunrise Cove lot: 14-17, Garfield, AR 72732
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available on Lodge Drive in Garfield, Arkansas.
    Where is this commercial land located?
    The property is located at 12483 Lodge Drive Lot 2 Garfield, AR.
    What is the asking price?
    The asking price for this property is $5,471,000.
    What are key features of this property?
    This property features: Located in Benton County; Built in 1972; Property is located off Lodge Dr.
    (479) 330-1250
    We can help!
    Listing Contact
    Salmonsen Group Realtors
    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
    12483 Lodge Drive Lot 2, Garfield, AR 72732
    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!