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    Plumerville Farm with Open Pasture Title is generated by Realmo AI

    14 Ben Evans Road, Plumerville, AR 72127

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    Claim this Listing
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    For Sale
    $399,000

    Country, Agriculture/Farm/Ranch - Plumerville, AR

    Type:Farm
    Property size:
    1,960 SF
    Lot size:
    11.50 Acres
    Price / SF:
    $203/SF
    Added:
    May 8, 2026
    Days on Market:
    4
    Last Refresh:
    May 11 at 11:06 am

    Property Features for 14 Ben Evans Road

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
    Parking features
    Carport
    Exterior features
    Partially Fenced, Shop, Chain Link, Under Pinning, Livestock Allowed, Horses
    Fencing
    Chain Link, Fenced, Partial
    Standard status
    Active
    Size
    1,960 SF
    Lot size
    11.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    550

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Floors in Building
    1
    Flooring type
    Laminate
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    CaLyn Zachary

    Listing agent CaLyn Zachary

    Listing office Midwest Land Group, LLC 1176 County Rd. 414, Greenwood, AR

    Listing date May 8, 2026

    MLS# 26018780 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 11.5 +/- acre farm featuring open pasture, perimeter fencing, and a pond – ready for livestock.
    • Conveniently located just 3/4 mile from I‑40, providing easy access to Conway and Morrilton.
    • Includes a 1960 sq ft home with central heating and cooling.
    • Features a 50x30 pole barn and two utility sheds (22x30 and 24x28) for equipment and storage.
    • Zoned AI (Agri Improved), supporting a wide range of agricultural uses.
    • Mature trees provide shade and enhance the appeal for farm use.

    Overview

    This 11.5 acre farm offers functionality, space, and convenience. Located approximately 0.75 miles from I-40, the property provides travel convenience to shop or dine in Conway or Morrilton. The 1960 square foot home offers living space in a rural setting. The land is mostly open pasture, enclosed with perimeter fencing and suited for livestock. A pond provides a water source, and mature trees are scattered about the pasture and along the fences for shade. Zoned AI (Agri Improved), the property supports a range of uses from hobby farming to agricultural operations. Supporting improvements include a 50x30 pole barn along with two utility sheds (22x30 and 24x28), providing space for equipment, storage, or workspace. This property is suited for anyone looking to put their land to work while enjoying the benefits of a rural homestead.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Storage Facility Electrical Service Discount Store Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Plumerville
    County
    Conway
    State
    Arkansas
    Longitude
    -92.651934
    Latitude
    35.157728

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    • $700,000
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    FAQs

    What type of property is this?
    Farm - 11.5 acre farm with home, barn, and sheds.
    Where is this farm located?
    The property is located at 14 Ben Evans Road Plumerville, AR.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 11.5 +/- acre farm featuring open pasture, perimeter fencing, and a pond – ready for livestock.; Conveniently located just 3/4 mile from I‑40, providing easy access to Conway and Morrilton.; Includes a 1960 sq ft home with central heating and cooling.
    (501) 652-1173
    We can help!
    Listing Contact
    CaLyn Zachary
    Learn More
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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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