Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16120 S Highway 45 Canehill, AR 72717

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $99,000

    10.24 acres of timber land with highway access.

    Type:Lots/Land
    Lot size:
    10.24 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    108
    Last Refresh:
    Apr 8 at 12:50 am

    Property Features for 16120 S Highway 45

    General Information

    Standard status
    Active
    Lot size
    10.24 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Robert Daugherty

    Listing agent Robert Daugherty License #EB00053506

    Listing office Legend Realty Inc

    Listing date Dec 31, 2025

    Source Exitrealty

    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 Legend Realty Inc

    Overview

    10.24 Acres of Timber Land

    This property features 10.24 acres of timber land with access to Highway 45. The land offers views and privacy while being situated on a major highway. It is suitable for hunting and country living. A well will need to be drilled by the buyer.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Canehill
    County
    Washington
    State
    Arkansas
    Longitude
    -94.423744
    Latitude
    35.88032

    Nearby Similar for Sale

    • $110,000

      Canehill Wooded Land with Waterfall

      10 acres of wooded land with waterfall feature.
      18026 N Skylight Mountain Road lot: 32-14-32, Canehill, AR 72717
      View Details
    • $306,000

      34 Acres Wooded Land, Canehill

      34 acres of secluded, wooded land with development potential.
      Skylight Mountain, Canehill, AR 72717
      View Details
    • $24,500

      Unrestricted Land on Hale Mountain

      One acre of unrestricted land with utilities access.
      19743 Hale Mountain Road lot: 0, Canehill, AR 72717
      View Details
    • $249,000

      Canehill Land with Mature Hardwoods

      80 acres of hunting land with abundant wildlife near Fayetteville.
      Hale Mountain Road, Canehill, AR 72717
      View Details
    • $99,000

      Canehill Timberland on Highway 45

      10.24 acres of timberland with highway access and views.
      16120 S Highway 45 lot: 0, Canehill, AR 72717
      View Details
    • $399,999
      984 SF

      Versatile Property with Multiple Structures

      Rural property featuring homes, barns, chicken houses, and garden.
      16041 Clyde Road, Canehill, AR 72717
      View Details
    • $24,500

      Unrestricted Land on Hale Mountain

      One acre of unrestricted land with utilities at street.
      19743 Hale Mountain Road, Canehill, AR 72717
      View Details
    • $299,000

      80 Acres of Hunting Land

      80 acres of hunting land with mature hardwoods.
      000 Hale Mountain Road, Canehill, AR 72717
      View Details
    • $215,000

      Pasture Land with Mountain Views

      23+ acres of fenced pasture land with spring-fed pond.
      19137 Vineyard Road, Canehill, AR 72717
      View Details
    • $125,000

      Canehill Land with Stunning Views

      14+/- acre land near Fayetteville, perfect for building a home.
      1 15339 Highway 45 lot: 1, Canehill, AR 72717
      View Details

    FAQs

    What type of property is this?
    Land - 10.24 acres of timber land with highway access.
    Where is this land located?
    The property is located at 16120 S Highway 45 Canehill, AR.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 10.24 acres of timberland; Access to Hwy 45; Hunting allowed
    (479) 530-4264
    We can help!
    Listing Contact
    Robert Daugherty
    Real Estate License ID: EB00053506
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!