Listing Agency: Mossy Oak Properties Field, Farm, and Homes

Listed By: Logan May Show Phone

Added: May 3 Changed: Aug 20 Last Checked: Oct 7 at 6:06PM

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MLS# 11779738

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

Investment Insights

Based on property information with market context.

Lakefront residential property on Sugarloaf Lake in Hackett, Arkansas, located at 8501 Northshore Dr, Lot #9. The offering includes a 23,747 +/- square-foot lot with an existing 1,708 +/- square-foot residence featuring two bedrooms and two bathrooms. The home has an open living space connecting the living room and kitchen, along with a large kitchen bar and a spacious sunroom for daily comfort and natural light.

The property provides direct water access through a private boat dock and includes convenient boat launch access for lake activities. It is also located directly across from the Sugarloaf Lake store. From the backyard, the home offers views of Sugarloaf Mountain.

The kitchen comes with brand-new appliances, and the property uses a James Fork water supply with a septic system and River Valley Electric service.

Key Highlights

• Lakefront home on Sugarloaf Lake at 8501 Northshore Dr, Lot #9, Hackett, AR
• 1708+/- SF residence with 2 bedrooms and 2 bathrooms
• Private boat dock with convenient boat launch access for boating and fishing

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,115

Cap Rate

4.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$202,300 $202.3K

Cap Rate 7%

$144,500 $144.5K

Cap Rate 9%

$112,389 $112.4K

Market Conditions

NOI Build-Up for 1,708 SF

Gross rent

$19.9K $11.64/SF

− Vacancy

−$1.5K −$0.87/SF

EGI

$18.4K $10.77/SF

− OpEx

−$8.3K −$4.85/SF

NOI

$10.1K $5.92/SF

Area

Sebastian County, AR

Vacancy

7.50%

Lease Rate

$11.64 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$202,300

Cap Rate 7%

$144,500

Cap Rate 9%

$112,389

Alternative Uses

Best Use

Apartment 5plus

$144.5K

$126.4K – $168.6K (±1% cap)

NOI $10,115 @ 7.0% cap · market cap 4.62%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$363.4K

$318.0K – $424.0K (±1% cap)

NOI $25,438 @ 7.0% cap · market cap 11.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Explore this area Business Placement

Demographics for 72937, AR

3,530

Population

1,633

Households

2.2

Avg Household Size

45

Median Age

11%

College-Educated

82%

High-School Grad

60.9 sq mi

ZIP Area

58

Density / Sq Mi

$58,400

Median Household Income

$48,182

Median Earnings

$789

Median Rent

$142,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this waterfront land located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Waterfront Land - Lakefront property on Sugarloaf Lake with a private boat dock and an existing 2-bedroom, 2-bath home.

Where is this waterfront land located?

The property is located at 8501 Northshore Hackett, AR.

What is the asking price?

The asking price for this property is $219,000.

What are key features of this property?

This property features: Lakefront home on Sugarloaf Lake at 8501 Northshore Dr, Lot #9, Hackett, AR; 1708+/- SF residence with 2 bedrooms and 2 bathrooms; Private boat dock with convenient boat launch access for boating and fishing