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    Diamond City Land Near Lake Title is generated by Realmo AI

    23 Larchwood Drive, Diamond City, AR 72630

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    LAND - Diamond City, AR

    Lot size:
    0.22 Acres
    Added:
    Feb 27, 2026
    Days on Market:
    84
    Last Refresh:
    May 22 at 3:06 am

    Property Features for 23 Larchwood Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    775-01003-000
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Parcel ID: 775-01003-000; Lot 23; Diamond Point subdivision
    Tax Annual Amount
    87

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Derek W Carlson
    Derek W Carlson

    Listing agent Derek W Carlson

    Listing office United Country Missouri Ozarks Realty Inc. 3498 N. Highway 63 P.O. Box 29, AR

    Listing date Feb 27, 2026

    MLS# 60316592 Listing URL

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Building site in the highly desirable Diamond Point Subdivision overlooking Bull Shoals Lake.
    • Access to Bull Shoals Lake for boating, skiing, personal watercraft, and world‑class bass fishing.
    • Close proximity to Gaston's White River Resort, famous for world‑class trout fishing and floating on the White River.
    • Peaceful, resort‑style lake community known for its natural beauty and outdoor recreation.
    • Less than 15 minutes to Peel Ferry; the last free ferry in Arkansas.
    • Water utility available.

    Overview

    Located in the Diamond Point Subdivision near Diamond City, this vacant lot offers an exceptional building site overlooking Bull Shoals Lake. The property is situated in a peaceful, resort-style lake community known for its natural beauty and outdoor recreation. Bull Shoals Lake is owned by the US Army Corps of Engineers and provides public boat ramps and marina access for boating, skiing, and personal watercraft activities. The lake is also known for world-class bass fishing. Nearby amenities include RV parks, campgrounds, and lodging. The property is close to Bull Shoals Dam and Gaston's White River Resort, famous for trout fishing and floating on the White River. Peel Ferry, the last free ferry in Arkansas, is less than 15 minutes away. The county seat in Harrison, along with restaurants, a marina, boat docks, and resorts, are also nearby. Eureka Springs is an hour and 30 minutes away. The lot is suitable for building a full-time residence, vacation retreat, or investment property. The lot size is 0.22 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Bar & Pub (Bike/Boat/Book/etc) Store Bed & Breakfast (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Diamond City
    County
    Boone
    State
    Arkansas
    Longitude
    -92.92574
    Latitude
    36.456994

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    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot in Diamond City near Bull Shoals Lake.
    Where is this residential land & home lot located?
    The property is located at 23 Larchwood Drive Diamond City, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Building site in the highly desirable Diamond Point Subdivision overlooking Bull Shoals Lake.; Access to Bull Shoals Lake for boating, skiing, personal watercraft, and world‑class bass fishing.; Close proximity to Gaston's White River Resort, famous for world‑class trout fishing and floating on the White River.
    (417) 840-4058
    We can help!
    Listing Contact
    Derek W Carlson
    Derek W Carlson
    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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