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    W US 62 Highway Eureka Springs, AR 72631

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    Pending
    $104,642

    LAND - Eureka Springs, AR

    Lot size:
    12.28 Acres
    Added:
    Jan 7, 2026
    Days on Market:
    121
    Last Refresh:
    May 8 at 3:06 pm

    Property Features for W US 62 Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Pending
    APN
    001-09361-001
    Lot size
    12.28 Acres

    Taxes and HOA fees

    Tax Description
    21-21-27
    Tax Annual Amount
    112

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Crystal Cherry

    Listing agent Crystal Cherry License #PB00087522

    Listing office eXp Realty NWA Branch 1202 NE McClain Ste 130, Little Rock, AR

    Listing date Jan 7, 2026

    MLS# 1332300 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

    • 12 unrestricted acres with two separate entrances and highway frontage.
    • Two cleared areas surrounded by mature trees offering privacy and versatile open space.
    • Prime location near Eureka Springs, Opera in the Ozarks, Devil's Eyebrow Natural Area, Beaver Lake, the White River, and Lake Leatherwood.
    • Close proximity to world‑class trout fishing, boating, hiking, and biking opportunities.
    • Small natural cave adding unique character to the land.
    • Abundant wildlife including deer, turkey, fox and bear.

    Overview

    Unrestricted Land Near Eureka Springs

    This is an opportunity to own 12.28 unrestricted acres along scenic Highway 62 near Eureka Springs, Arkansas. The wooded property features two separate entrances and highway frontage. Two cleared areas are surrounded by mature trees, offering privacy and versatile open space. A small natural cave adds to the land's distinct character. Wildlife, including deer, turkey, fox, and bear, can be observed on the property. The location is approximately one mile from Opera in the Ozarks, with Devil's Eyebrow Natural Area, Beaver Lake, the White River, and Lake Leatherwood all nearby. The surrounding area provides opportunities for trout fishing, boating, hiking, and biking. Bentonville and Northwest Arkansas's expanding network of trails, shopping, and dining are also within easy reach. This property combines natural beauty, a prime location, and full flexibility in the heart of the Ozarks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Eureka Springs
    County
    Carroll
    State
    Arkansas
    Longitude
    -93.849505
    Latitude
    36.473591

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    FAQs

    What type of property is this?
    Land - 12 unrestricted acres with highway frontage near Eureka Springs.
    Where is this land located?
    The property is located at W US 62 Highway Eureka Springs, AR.
    What is the asking price?
    The asking price for this property is $104,642.
    What are key features of this property?
    This property features: 12 unrestricted acres with two separate entrances and highway frontage.; Two cleared areas surrounded by mature trees offering privacy and versatile open space.; Prime location near Eureka Springs, Opera in the Ozarks, Devil's Eyebrow Natural Area, Beaver Lake, the White River, and Lake Leatherwood.
    (479) 326-0438
    We can help!
    Listing Contact
    Crystal Cherry
    Real Estate License ID: PB00087522
    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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