Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land in Ouachita Mountains Title is generated by Realmo AI

    14207 Hwy 298, Story, AR 71970

    View on Map
    Claim this Listing
    New
    Picture of Land at 14207 Hwy 298, Story, AR
    For Sale
    $42,500

    Acreage - Story, AR

    Lot size:
    4.72 Acres
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 10:06 pm

    Property Features for 14207 Hwy 298

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Travis Brown

    Listing agent Travis Brown

    Listing office Southern Realty of Hot Springs, Inc. 1603 Central Ave, Hot Springs, AR

    Listing date May 7, 2026

    MLS# 26018510 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

    • 4.25‑acre unrestricted property bordering Government Land with Sandlick Mountain views.
    • Minutes from Lake Ouachita access, Irons Fork Recreation Area, Cedar Creek boat ramp, and Ouachita National Forest.
    • Ideal for cabin retreat, full‑time residence, hunting getaway, or recreational escape.
    • Power available at the highway.
    • Partially fenced.
    • Old house with well and septic on property (value in land only).

    Overview

    This 4.25-acre unrestricted property is located in Story, Arkansas, in the Ouachita Mountains, along Hwy 298. The scenic parcel offers a homesite with views of Sandlick Mountain and borders Government Land. The land is partially fenced and surrounded by nature. Power is available at the highway. It is located minutes from Lake Ouachita access, Irons Fork Recreation Area, Cedar Creek boat ramp, and the Ouachita National Forest, offering opportunities for fishing, boating, hiking, and outdoor adventure. There is an old house with well and septic on the property; however, the value is in the land only. The property can be purchased for $10,000 per acre. The land is suitable for a cabin retreat, full-time residence, hunting getaway, or recreational escape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Story
    County
    Montgomery
    State
    Arkansas
    Longitude
    -93.445171
    Latitude
    34.699884

    Nearby Similar for Sale

    • $75,000

      Recreational Land with Creek Frontage

      3.18 acre tract with creek frontage near Lake Ouachita.
      157 Revas Way, Story, AR 71970
      View Details
    • $79,000

      Residential Lot Near Ouachita River

      4.05 acre residential lot bordering the Southfork Ouachita River.
      lot 8 & 9 Hwy 27 North Southfork Highway, Story, AR 71970
      View Details
    • $79,000

      Residential Land Bordering Ouachita River

      4.04 acre residential lot on the Southfork River.
      Lt 12 & 13 Hwy 27 North Southfork Highway, Story, AR 71970
      View Details
    • $80,000

      Residential Lot Bordering Ouachita River

      4.08 acre residential lot on the Southfork River.
      Lt 10 & 11 Hwy 27 North Southfork Highway, Story, AR 71970
      View Details
    • $97,000

      Residential Lot Near National Forest

      6.83 acre residential lot bordering Ouachita National Forest.
      224 (Lot # 16) Reva's Way, Story, AR 71970-9999
      View Details
    • $215,000

      Story, AR Waterfront Acreage

      17.92 acres m/l bordering the Southfork Ouachita River.
      TBD Southfork Hwy 27 North Southfork Highway, Story, AR 71970
      View Details
    • $92,500

      Story, AR Waterfront Land

      3.01 acres joining Irons Fork Creek in Story, AR.
      239 (Lot#14E) Reva's Way, Story, AR 71970-9999
      View Details
    • $82,000

      Story, AR Subdivision Lot

      6.02 acre lot bordering Ouachita National Forest near Lake Ouachita.
      202 (Lot#17) Reva's Way, Story, AR 71970-9999
      View Details
    • $47,200

      Scenic Acreage in Story, Arkansas

      Serene acreage near Ouachita Mountains, ideal for recreation or residence.
      14208 Hwy 298, Story, AR 71970
      View Details
    • $299,000

      Story, AR Acreage For Sale

      21.8 acres near Ouachita National Forest with power.
      TBD Markerville Road, Story, AR 71970-9999
      View Details
    • $40,299

      Residential Lot Near Ouachita River

      2.02 acre lot near Southfork of the Ouachita River.
      Lt 12 Southfork Hwy 27 North Highway, Story, AR 71970
      View Details
    • $40,299

      Residential Lot by Ouachita River

      2.02 acre lot bordering the Southfork of the Ouachita River.
      Lot 9 Southfork Hwy 27 North Highway, Story, AR 71970
      View Details

    FAQs

    What type of property is this?
    Land - 4.25-acre unrestricted property near Lake Ouachita in Story, Arkansas.
    Where is this land located?
    The property is located at 14207 Hwy 298 Story, AR.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: 4.25‑acre unrestricted property bordering Government Land with **Sandlick Mountain views**.; Minutes from **Lake Ouachita access**, Irons Fork Recreation Area, Cedar Creek boat ramp, and Ouachita National Forest.; Ideal for cabin retreat, full‑time residence, hunting getaway, or recreational escape.
    (501) 617-1319
    We can help!
    Listing Contact
    Travis Brown
    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
    14207 Hwy 298, Story, AR 71970
    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!