Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Batesville Land in Upscale Neighborhood Title is generated by Realmo AI

    Castle Drive, Batesville, AR 72501

    View on Map
    Claim this Listing
    For Sale
    $100,000

    LAND - Batesville, AR

    Lot size:
    9.14 Acres
    Added:
    Jan 7, 2025
    Days on Market:
    500
    Last Refresh:
    May 22 at 8:06 am

    Property Features for Castle Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    02017920071-02017920077
    Lot size
    9.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lots 71 -77 of Vista Point sub
    Tax Annual Amount
    760

    We can help!

    Listing Contact
    Sarah Perkins
    Sarah Perkins

    Listing agent Sarah Perkins

    Listing office Mossy Oak Properties Selling Arkansas - Southside 1187 Batesville Blvd, Batesville, AR

    Listing date Jan 7, 2025

    MLS# 25001466 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

    • Large acreage within an established, upscale subdivision.
    • Located minutes from Southside Schools.
    • Suitable for a private estate, family compound, or future building.
    • Peaceful and quiet setting with varied terrain.
    • Subdivision setting ensures community standards and curb appeal.
    • Building requirements and plat map available in attached documents.

    Overview

    This 9.14-acre land is located in an established and upscale neighborhood in Batesville, Arkansas. The subdivision setting offers community standards, curb appeal, and resale value. The acreage provides freedom and space, and is located minutes from Southside Schools. This tract is suitable for a private estate, a family compound, or simply land to enjoy and build on. The terrain is varied and interesting. Building requirements and the plat of the subdivision are available in attached documents. The property is located in a well-cared-for and quiet area.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Batesville
    County
    Independence
    State
    Arkansas
    Longitude
    -91.621091
    Latitude
    35.660966

    Nearby Similar for Sale

    • $850,000
      4,532 SF

      Turn-Key Commercial Property For Sale

      High-visibility commercial property with highway frontage and income potential.
      2121 Batesville Blvd, Batesville, AR 72501
      View Details
    • $466,464
      9,718 SF

      Historic District Commercial Building

      9,718 SF commercial building in Batesville's historic district.
      181 S Central Avenue, Batesville, AR 72501
      View Details
    • $725,000
      2,344 SF

      Prime Batesville Land Opportunity

      High-traffic location near national brands, ideal for retail development.
      505 Saint Louis, Batesville, AR 72501
      View Details
    • $99,900
      2,256 SF

      Batesville Storefront Building and Land

      Iconic 2,256 SF building on 0.36 acres in Batesville.
      6435 Bethesda, Batesville, AR 72501
      View Details
    • $145,000
      3,348 SF

      Income-Producing Multifamily Property on 2.41 Acres

      Four rental units generating $1930/month gross income on 2.41 acres.
      950-984 Bethesda Road, Batesville, AR 72501
      View Details
    • $95,000
      1,560 SF

      Commercial Building on Corner Lot

      1560 SF commercial building suitable for automotive or retail.
      795 N Central Avenue, Batesville, AR 72501-0000
      View Details
    • $825,000

      Prime Commercial Tract For Sale

      8.83+/- acre commercial tract in high-visibility location.
      3290 Harrison Street, Batesville, AR 72501
      View Details
    • $825,000

      Prime Commercial Land in Batesville

      8.83 acre commercial tract in high-visibility location.
      3290 Harrison Street, Batesville, AR 72501
      View Details
    • $625,000

      Southside, AR Commercial Land

      5.04 acre commercial property with highway frontage in Southside.
      2532 Batesville Boulevard, Southside, AR 72501
      View Details
    • $250,000

      Commercial Lot on Harrison Street

      Commercial land with high traffic and great visibility.
      2980 Harrison, Batesville, AR 72501
      View Details
    • $125,000

      Commercial Land in Batesville, AR

      1.72 acre commercial lot with high traffic visibility.
      Harrison Street, Batesville, AR 72501
      View Details
    • $625,000

      Prime Commercial Land in Southside

      5+ acre commercial property with highway frontage and utilities.
      2560 Batesville Boulevard, Southside, AR 72501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 9.14 acres in established neighborhood, minutes from Southside Schools.
    Where is this residential land & home lot located?
    The property is located at Castle Drive Batesville, AR.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: Large acreage within an established, upscale subdivision.; Located minutes from Southside Schools.; Suitable for a private estate, family compound, or future building.
    (501) 691-2600
    We can help!
    Listing Contact
    Sarah Perkins
    Sarah Perkins
    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
    Castle Drive, Batesville, AR 72501
    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!