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

    22201 Leonard Ranch Road Gravette, AR 72736

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $740,000

    20 acre property suitable for building a home and livestock.

    Type:Lots/Land
    Lot size:
    20.00 Acres
    Added:
    Sep 24, 2025
    Days on Market:
    206
    Last Refresh:
    Apr 8 at 1:14 am

    Property Features for 22201 Leonard Ranch Road

    General Information

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

    We can help!

    Listing Contact
    Kaci Johnson
    Kaci Johnson

    Listing agent Kaci Johnson License #EB00059061

    Listing office Realty Mart

    Listing date Sep 24, 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 Realty Mart

    Overview

    20 Acre Agricultural Land Opportunity

    This 20-acre property, currently utilized for agricultural purposes, offers an opportunity to build a home and accommodate livestock. The land features views on all sides and includes a pond. The property consists of three tracts being sold together. Splitting the property will be considered.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gravette
    County
    Benton
    State
    Arkansas
    Longitude
    -94.51955
    Latitude
    36.43618

    Nearby Similar for Sale

    • $265,200
      2,652 SF

      Gravette Commercial Property For Sale

      2,652 SF commercial property with C1 zoning in Gravette, AR.
      401 Akron Street, Gravette, AR 72736
      View Details
    • $1,095,000
      8,918 SF

      Versatile Live-Work Space in Gravette

      Unique property with workspace and living space, ideal for businesses.
      13870 Highway 279, Gravette, AR 72739
      View Details
    • $200,000

      Gravette Commercial Land For Sale

      Prime commercial land with high visibility and development potential.
      1290 1st Avenue lot: 0, Gravette, AR 72736
      View Details
    • $5,300,000

      Gravette Commercial Land Opportunity

      17.56 acres at I-49 Exit 100 in Gravette, AR.
      N Mt Pleasant Road lot: Rural, Gravette, AR 72736
      View Details
    • $289,900

      Acreage Near Future Connector Site

      Versatile acreage ideal for custom estate or development.
      Hummingbird Road lot: 23, Gravette, AR 72736
      View Details
    • $500,000

      Gravette, AR Residential Development Land

      Prime R-3 zoned parcel suitable for residential development.
      515 2nd Avenue lot: 5, Gravette, AR 72736
      View Details
    • $184,500

      Gravette Acreage for Custom Estate

      2.13 acres, convenient location, perc test on file.
      Hummingbird Road lot: 23B, Gravette, AR 72736
      View Details
    • $139,900

      Premier Lot on Hummingbird Lane

      1.42-acre lot ready for custom estate in Gravette, AR.
      Hummingbird Road lot: 23Cc, Gravette, AR 72736
      View Details
    • $139,900

      Premier Lot on Hummingbird Lane

      1.42-acre lot ready for custom estate in Gravette, AR.
      Hummingbird Road lot: 23A, Gravette, AR 72736
      View Details
    • $184,500

      Gravette Acreage for Custom Estate

      Versatile acreage ideal for a custom estate with convenient access.
      Hummingbird Road lot: 23A, Gravette, AR 72736
      View Details
    • $299,000
      1,669 SF

      Gravette Commercial Property For Sale

      Commercial property in Gravette, AR, with high traffic and potential.
      204 NE 1st Avenue, Gravette, AR 72736
      View Details
    • $139,900

      Gravette, AR 1.42-Acre Lot

      Premier 1.42-acre lot ready for custom estate.
      Hummingbird Road lot: 23Bb, Gravette, AR 72736
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 20 acre property suitable for building a home and livestock.
    Where is this agricultural land / farmland located?
    The property is located at 22201 Leonard Ranch Road Gravette, AR.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: 20 acres (mol) ideal for building a home and raising livestock.; Beautiful property with views on all sides.; Features a pond.
    (479) 903-3002
    We can help!
    Listing Contact
    Kaci Johnson
    Kaci Johnson
    Real Estate License ID: EB00059061
    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!