Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Forrest City Title is generated by Realmo AI

    County Rd 308, Forrest City, AR 72335

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Forrest City, AR

    Lot size:
    1.25 Acres
    Added:
    Dec 6, 2023
    Days on Market:
    898
    Last Refresh:
    May 22 at 4:06 am

    Property Features for County Rd 308

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.25 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    WAS #001-04338-0006 PT SW
    Tax Annual Amount
    51

    We can help!

    Listing Contact
    Grayson Gorman

    Listing agent Grayson Gorman

    Listing office Miles Real Estate 309 Mixon Avenue, Marianna, AR

    Listing date Dec 6, 2023

    MLS# 23039468 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

    • 1.25+/- acre lot
    • Located in the desirable 'Tall Trees' neighborhood
    • Less than a five‑minute drive from Forrest City
    • Nearby access to water services
    • Nearby access to electric services
    • Nearby access to fiber optic internet services

    Overview

    This 1.25+/- acre lot is located in the Tall Trees neighborhood of rural St. Francis County, less than five minutes from Forrest City, Arkansas. The site is suitable for building a home and has nearby access to water, electric, and fiber optic internet services.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Forrest City
    County
    St. Francis
    State
    Arkansas
    Longitude
    -90.783831
    Latitude
    35.011953

    Nearby Similar for Sale

    • $625,000
      9,000 SF

      Commercial Building and Land Package

      Commercial building with showroom, warehouse, and coffee shop.
      4625 N Washington, Forrest City, AR 72335
      View Details
    • $1,499,900
      21,950 SF

      Versatile Commercial Property in Forrest City

      18-acre commercial property with warehouse and storefront near transportation.
      3608 Highway 1, Forrest City, AR 72335
      View Details
    • $114,900
      3,468 SF

      Forrest City Multifamily Investment

      Two brick houses on a corner lot, priced as one.
      1047 N Rosser Street, Forrest City, AR 72335
      View Details
    • $100,000
      12,390 SF

      Forrest City Mixed-Use Property

      Mixed-use building and land in Forrest City, Arkansas.
      331 Alderson, Forrest City, AR 72335
      View Details
    • $150,000

      Forrest City Timberland on Hwy

      5.61 acre timberland with C-2 frontage and high visibility.
      5.61 Acres N Washington St., Forrest City, AR 72335
      View Details
    • $129,500
      1,540 SF

      Forrest City Home with Carport

      Charming 3-bedroom home near Forrest City, Arkansas.
      111 SFC 421, Forrest City, AR 72335
      View Details
    • $399,900
      668,210 SF

      Forrest City Mobile Home Park

      Mobile home park with 77 lots on 15+ acres.
      0 Springs Street, Forrest City, AR 72335
      View Details
    • $299,000
      900 SF

      Former Bank Drive-Thru Building

      900 SF former bank with drive-thru on 1 acre.
      1403 North Washington Street, Forrest City, AR, 72335
      View Details
    • $792,000

      Prime Hunting Ground on Crowley's Ridge

      198 acres of prime hunting ground near Memphis, TN.
      1001 Flecther Road, Forest Hill, AR 72335
      View Details
    • $1,517,630

      Commercial Lot on I-40

      2.68 acre commercial lot with I-40 visibility.
      2342 N Washington St, Forrest City, AR 72335
      View Details
    • $100,000

      Forrest City Hunting Land

      25+/- acres of partially fenced hunting land.
      Sfc 342, Forrest City, AR 72335
      View Details
    • Contact for pricing

      Chapel Ridge Apartments

      132-unit apartment property in Forrest City, Arkansas.
      1085 Holiday Drive, Forrest City, AR 72335-9119
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.25+/- acre lot near Forrest City, Arkansas.
    Where is this residential land & home lot located?
    The property is located at County Rd 308 Forrest City, AR.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 1.25+/- acre lot; Located in the desirable 'Tall Trees' neighborhood; Less than a five‑minute drive from Forrest City
    (870) 295-3111
    We can help!
    Listing Contact
    Grayson Gorman
    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
    County Rd 308, Forrest City, AR 72335
    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!