Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Land Near City Limits Title is generated by Realmo AI

    001-05276-003 INVERNESS DRIVE, Mountain Home, AR 72653

    View on Map
    Claim this Listing
    For Sale
    $1,195,000

    LAND - Mountain Home, AR

    Lot size:
    34.24 Acres
    Added:
    Sep 7, 2023
    Days on Market:
    1001
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 001-05276-003 INVERNESS DRIVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    APN
    001-05276-003
    Lot size
    34.24 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    PT SE NE 34.24 AC M/L S10-T19-R13

    We can help!

    Listing Contact
    Ron Wallace
    Ron Wallace

    Listing agent Ron Wallace

    Listing office CENTURY 21 LeMAC REALTY 1024 HWY 62 E, Mountain Home, AR

    Listing date Sep 7, 2023

    MLS# 127213 Listing URL

    Copyright © 2026 North Central Board of Realtors. 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 34.24 acre lot bordering Mountain Home city limits.
    • Unrestricted land allowing for various development options.
    • Potential for single‑family homes, townhomes, or condominiums.
    • Accessible from two city streets (North and West).
    • City water and sewer available on the property.
    • Electricity available on the property.

    Overview

    This property features 34.24 acres of level terrain bordering the city limits of Mountain Home, Arkansas. The acreage is unrestricted and borders two upscale subdivisions. It is accessible from two city streets, one from the north and one from the west. City water, sewer, and electricity are available at the property. The property could be developed with single-family homes and multiple-family homes such as townhomes or condominiums.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mountain Home
    County
    Baxter
    State
    Arkansas
    Longitude
    -92.3897
    Latitude
    36.2902

    Nearby Similar for Sale

    • $369,900
      4,200 SF

      High-Visibility Highway Retail Building

      Block commercial building with flexible interior space, on-site parking, and highway frontage for multiple business uses.
      408 HWY 201 N, Mountain Home, AR 72653
      View Details
    • $699,900
      4,131 SF

      Recreational Property on Highway 62

      Mountain Home recreational property with arcade, kitchen, and outdoor activities.
      4818 Hwy 62 W, Mountain Home, AR 72653
      View Details
    • $1,500,000
      7,000 SF

      Mountain Home Commercial Opportunity

      1.53-acre property with highway frontage, ideal for restaurant/retail.
      1502 HWY 62 E, Mountain Home, AR 72653
      View Details
    • $375,000
      3,160 SF

      Versatile Commercial Space, High Visibility

      Flexible 3,000+ sq ft commercial space on 0.35 acres.
      911 S Highway 5, Mountain Home, AR 72653
      View Details
    • $849,000
      7,200 SF

      Versatile Commercial Property in Mountain Home

      High-visibility commercial property with showrooms, offices, and storage.
      848 HWY 62 E, Mountain Home, AR 72653
      View Details
    • $1,390,000
      18,718 SF

      Mountain Home Retail Investment Opportunity

      Retail mall with highway visibility and high occupancy.
      1310 HWY 62 E, Mountain Home, AR 72653
      View Details
    • $179,000
      2,060 SF

      Mountain Home Commercial Opportunity

      Versatile commercial building on 1.34 acres with highway frontage.
      8329 Hwy 201 N, Mountain Home, AR 72653
      View Details
    • $380,000
      2,000 SF

      Mountain Home Commercial/Industrial Building

      5,104 SF commercial/light industrial building on 1.91 acres.
      209 E WADE AVENUE, Mountain Home, AR 72653
      View Details
    • $375,000
      3,160 SF

      Versatile Commercial Property, Mountain Home

      High-visibility commercial property with flexible space and ample parking.
      911 HWY 5 S, Mountain Home, AR 72653
      View Details
    • $579,900

      Flex Warehouse Building

      Newly built flex warehouse offers a versatile layout for a wide range of business uses.
      315 HWY 201 N, Mountain Home, AR 72653
      View Details
    • $590,000
      5,000 SF

      Mountain Home Commercial Building For Sale

      Commercial building with finished area and shop space on 0.75 acres.
      1309 BRADLEY DRIVE, Mountain Home, AR 72653
      View Details
    • $749,900
      15,000 SF

      Parkway Acres Mobile Home Park

      Income-producing mobile home park near Ozark recreational destinations.
      409 CR 916, Mountain Home, AR 72653
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 34.24 acres of unrestricted land bordering Mountain Home city.
    Where is this residential land & home lot located?
    The property is located at 001-05276-003 INVERNESS DRIVE Mountain Home, AR.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Large 34.24 acre lot bordering Mountain Home city limits.; Unrestricted land allowing for various development options.; Potential for single‑family homes, townhomes, or condominiums.
    (870) 425-6356
    We can help!
    Listing Contact
    Ron Wallace
    Ron Wallace
    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
    001-05276-003 INVERNESS DRIVE, Mountain Home, AR 72653
    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!