Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    32 Acres Development Property Title is generated by Realmo AI

    208 S Wedington Blacktop Road, Lincoln, AR 72744

    View on Map
    Claim this Listing
    For Sale
    $1,067,000

    32 acres development property near Lincoln High School.

    Type:Lots/Land
    Lot size:
    32.00 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    274
    Last Refresh:
    Apr 8 at 1:20 am

    Property Features for 208 S Wedington Blacktop Road

    General Information

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

    We can help!

    Listing Contact
    Hugh Lumpkin

    Listing agent Hugh Lumpkin

    Listing office The Griffin Company Commercial Division-Springdale

    Listing date Sep 3, 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 The Griffin Company Commercial Division-Springdale

    HighLights

    • 32‑acre development property
    • Located just 0.5 miles from Lincoln High School
    • Multiple access points from Wedington Blacktop or North St.
    • Mostly open, level ground
    • Sewer located at corner of site
    • Minimal demolition requirements due to two retired poultry houses

    Overview

    This 32-acre development property is located approximately 0.5 miles from Lincoln High School and 300 yards from Highway 62. The property features level ground and multiple access points from Wedington Blacktop or North Street. It is mostly open ground and includes two retired poultry houses. Sewer access is located at the corner of the site next to industrial sites. Water access would need to be coordinated with the City of Lincoln.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln
    County
    Washington
    State
    Arkansas
    Longitude
    -94.3983
    Latitude
    35.9686

    Nearby Similar for Sale

    • $625,000
      4,230 SF

      Remodeled Commercial Building with Income

      4,230 sqft building in Lincoln, AR with income potential.
      111 W Bean Street, Lincoln, AR 72744
      View Details
    • $319,900
      2,285 SF

      Redesigned Retail/Office Space in Lincoln

      Character-rich, updated space suitable for retail, office, or medical services.
      113 W Bean Street, Lincoln, AR 72744
      View Details
    • $544,180
      5,718 SF

      Retail and Apartment Investment Opportunity

      Versatile property with retail suites and unfinished apartments.
      117-119 W Bean Street, Lincoln, AR 72744
      View Details
    • $299,000

      Highway Frontage Commercial Land

      Prime commercial land with highway frontage in Lincoln, Arkansas.
      300 E Pridemore Drive lot: 0, Lincoln, AR 72744
      View Details
    • $225,000
      1,200 SF

      Commercial Opportunity in Lincoln, Arkansas

      High-visibility commercial property suitable for retail, office, or service ventures.
      810 E Pridemore Drive, Lincoln, AR 72744
      View Details
    • $205,000

      Corner Lot Development Opportunity

      4.55 acre corner lot with development potential in Lincoln.
      Curtis Street, Lincoln, AR 72744
      View Details
    • $310,000
      2,280 SF

      Lincoln, AR Duplex Investment

      Two fully rented duplexes with strong occupancy and low maintenance.
      608 Jason Place, Lincoln, AR 72744
      View Details
    • $310,000
      2,280 SF

      Lincoln, AR Duplex Investment

      Two fully rented duplexes with strong occupancy and low maintenance.
      610 Jason Place, Lincoln, AR 72744
      View Details
    • $200,000
      2,400 SF

      Lincoln, Arkansas Mixed-Use Property

      1.36 acres with shop, office, and residential potential.
      1208 W Holt Road, Lincoln, AR 72744
      View Details
    • $115,000

      Land Available in Lincoln, AR

      5.66 acres of land suitable for commercial or residential use.
      5.66 AC E Pridemore Drive lot: 0, Lincoln, AR 72744
      View Details
    • $193,000
      800 SF

      Secluded Land with Utilities

      15.05 acres with utilities, ideal for recreation or building.
      10397 Mortensen Road lot: 109, Lincoln, AR 72744
      View Details
    • $165,000

      Lincoln, AR - 10 Acres

      10 acres of open, level land suitable for development.
      10 AC E Holt Road lot: 0, Lincoln, AR 72744
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 32 acres development property near Lincoln High School.
    Where is this agricultural land / farmland located?
    The property is located at 208 S Wedington Blacktop Road Lincoln, AR.
    What is the asking price?
    The asking price for this property is $1,067,000.
    What are key features of this property?
    This property features: 32‑acre development property; Located just 0.5 miles from Lincoln High School; Multiple access points from Wedington Blacktop or North St.
    (479) 434-7377
    We can help!
    Listing Contact
    Hugh Lumpkin
    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
    208 S Wedington Blacktop Road, Lincoln, AR 72744
    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!