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    Acreage with Highway Frontage and Homesite Title is generated by Realmo AI

    3968 Highway 167, Ash Flat, AR 72513

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    Claim this Listing
    For Sale
    $235,000

    LAND - AR

    Lot size:
    45.70 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    124
    Last Refresh:
    Jun 6 at 4:06 pm

    Property Features for 3968 Highway 167

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    001-09255-000
    Lot size
    45.70 Acres

    Taxes and HOA fees

    Tax Description
    STR 22-18-06 PT N/2 SW/4
    Tax Annual Amount
    73

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Cameron Boyd

    Listing agent Cameron Boyd License #SA00099728

    Listing office Midwest Land Group, LLC 1176 Cr 414, Norman, AR

    Listing date Feb 2, 2026

    MLS# 1334869 Listing URL

    Copyright © 2026 ArkansasONE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 45.7+/- acres with hilltop homesite offering stunning valley views.
    • Utilities in place: city water, NAEC electricity, NEXT Fiber internet, and septic.
    • Two concrete pads: a spacious 42' x 40' pad ready for your dream home, and a 36' x 40' pad for a shop.
    • Approx. 350' of highway frontage and convenient location near Ash Flat.
    • Marketable hardwood timber and trails throughout the property.
    • Abundant wildlife for hunting and recreation.

    Overview

    This 45.7+/- acre parcel offers rolling topography with open ground, marketable hardwood timber, and trails throughout the property. A winding drive leads to a hilltop homesite with valley views, creating a secluded setting while keeping the layout practical for residential or recreational use. Two concrete pads are already in place: a 42' x 40' pad for a home and a 36' x 40' pad for a shop, with utilities available to the shop site including city water, NAEC electricity, NEXT Fiber internet, and septic.

    The property is located south of Ash Flat, about 1/2 mile from the city limits, and includes approximately 350' of highway frontage. Surface water features a small pond and a seasonal creek, and the valley area may allow for an additional pond. The land supports abundant wildlife, including deer, turkey, and small game.

    With its mix of open acreage, timber, and existing improvements, the site is well suited for a private residence, recreational retreat, hunting property, or small farm. The combination of a developed entry drive, hilltop homesite, and utility access supports more immediate site planning compared with raw acreage.
    Property Profile 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
    Ash Flat
    County
    Sharp
    State
    Arkansas
    Longitude
    -91.61501
    Latitude
    36.19927

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    FAQs

    What type of property is this?
    Hunting land - 45.7-acre tract south of Ash Flat featuring 350' highway frontage, a hilltop homesite, and utility-ready concrete pads.
    Where is this hunting land located?
    The property is located at 3968 Highway 167 Ash Flat, AR.
    What is the asking price?
    The asking price for this property is $235,000.
    What are key features of this property?
    This property features: 45.7+/- acres with hilltop homesite offering stunning valley views.; Utilities in place: city water, NAEC electricity, NEXT Fiber internet, and septic.; Two concrete pads: a spacious 42' x 40' pad ready for your dream home, and a 36' x 40' pad for a shop.
    (870) 931-2551
    We can help!
    Listing Contact
    Cameron Boyd
    Real Estate License ID: SA00099728
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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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