Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    6.81 Acres Overlooking White River Title is generated by Realmo AI

    377 Virginia Lee Road, Cotter, AR 72626

    View on Map
    Claim this Listing
    For Sale
    $295,000

    LAND - Cotter, AR

    Lot size:
    6.81 Acres
    Added:
    Sep 3, 2025
    Days on Market:
    262
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 377 Virginia Lee Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    004-04949-000
    Lot size
    6.81 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    See Docs
    Tax Annual Amount
    308

    We can help!

    Listing Contact
    Angela Housley

    Listing agent Angela Housley

    Listing office ERA Doty Real Estate 2209 Grant Ave, Suite A, Jonesboro, AR

    Listing date Sep 3, 2025

    MLS# 25035483 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

    • 6.81‑acre parcel overlooking the White River, offering privacy and scenic views.
    • Ready for development with existing KDAT treated foundation and underground 200 amp electric service.
    • City sewer with lift station already in place.
    • RV pad with hookups for immediate use.
    • Located above the White River, known for world‑class trout fishing.
    • Salt water treated decking with 10x10 true CCA materials.

    Overview

    This 6.81-acre parcel in Cotter, Arkansas, overlooks the White River. The property includes an existing KDAT treated foundation, 10x10 true CCA materials, salt water treated decking, underground electric with 200 amp service, city sewer with lift station, and an RV pad with hookups. It is ready for a propane tank. The property offers views of the Ozarks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Cotter
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.5212818
    Latitude
    36.2890454

    Nearby Similar for Sale

    • $1,600,000

      River Lodge in Cotter, AR

      7-bedroom lodge with conference room, boat ramp, ample parking.
      227 TROPHY COURT, Cotter, AR 72626
      View Details
    • $44,000

      1.5 Acre Lot in Cotter

      1.5 acre cleared lot near Wildcat Shoals public access.
      1.5 Acres, Denton Ferry Road lot: 10, Cotter, AR 72626
      View Details
    • $295,000

      Arkansas Land with River Views

      6.81 acre land parcel overlooking the White River.
      377 VIRGINIA LEE DRIVE, Cotter, AR 72626
      View Details
    • $1,700,000
      38,400 SF

      Industrial Warehouse with Rail Spur

      38,400 SF warehouse on 6.04 acres with rail access.
      2877 Cotter Rd, Cotter, AR
      View Details
    • $149,900

      Fly-In Property Near White River

      Two adjoining tracts in Valley Fly-In community near White River.
      002-10367-034 VALLEY AIRPORT PLACE, Cotter, AR 72626
      View Details
    • $475,000

      Commercial Land with Highway Frontage

      15-acre commercial land with extensive highway frontage in Cotter, AR.
      1177 HWY 62, Cotter, AR 72626
      View Details
    • $1,200,000
      5,972 SF

      Historic Hotel in Cotter, Arkansas

      Renovated commercial hotel in a historic location.
      110 Mc Lean Ave, Cotter, AR 72626
      View Details
    • $79,000

      Unrestricted Land Near White River

      4.61 acres near White River, ready for building.
      004-00632-000 HWY 345, Cotter, AR 72626
      View Details
    • $849,900

      60+ Acre Development Opportunity

      60.87 acres in Cotter, AR with development potential.
      2465 Denton Ferry Rd, Cotter, AR
      View Details
    • $57,900

      Residential Land in Denton Ferry

      Level 1.75-acre lot near White River access.
      002-11070-006 DENTON FERRY DRIVE, Cotter, AR 72626
      View Details
    • $75,000

      Valley AirPark Land For Sale

      2.38-acre lot in Valley AirPark, Cotter, Arkansas.
      002-10395-000 DENTON FERRY ROAD, Cotter, AR 72626
      View Details
    • $9,700

      Land Near White River

      Two lots totaling 2.71 acres near White River.
      HOMESTEAD LANE lot: 6 & 7, Cotter, AR 72626
      View Details

    FAQs

    What type of property is this?
    Land - Land with utilities and river views in Cotter, Arkansas.
    Where is this land located?
    The property is located at 377 Virginia Lee Road Cotter, AR.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 6.81‑acre parcel overlooking the White River, offering privacy and scenic views.; Ready for development with existing KDAT treated foundation and underground 200 amp electric service.; City sewer with lift station already in place.
    (870) 761-2663
    We can help!
    Listing Contact
    Angela Housley
    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
    377 Virginia Lee Road, Cotter, AR 72626
    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!