Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Development Land with Pond Title is generated by Realmo AI

    Grant County Road 9, Sheridan, AR 72150

    View on Map
    Claim this Listing
    New
    For Sale
    $59,900

    LAND - Sheridan, AR

    Lot size:
    3.47 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 5:06 pm

    Property Features for Grant County Road 9

    General Information

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

    Taxes and HOA fees

    Tax Description
    See Survey
    Tax Annual Amount
    400

    We can help!

    Listing Contact
    Jacob Palmer

    Listing agent Jacob Palmer

    Listing office TMK Properties PO Box 640, Sheridan, AR

    Listing date Jun 2, 2026

    MLS# 26022114 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

    • Nearly 3.5‑acre property located inside city limits
    • Includes a good‑sized pond
    • Mobile homes are allowed
    • Provides space for a home, shop, equipment, recreational vehicles, or other projects
    • City utilities are nearby

    Overview

    Rare opportunity to secure a nearly 3.5-acre property that blends a rural feel with the convenience of being located inside the city limits. The land includes a good-sized pond and plenty of usable ground, offering room to spread out for a residence and additional improvements.

    The property is positioned for everyday accessibility to shopping, restaurants, schools, and other local conveniences, while still delivering privacy associated with a less developed setting. City utilities are described as being nearby, and mobile homes are allowed, adding flexibility for how the site can be utilized.

    This parcel is well suited for buyers seeking a versatile home site with usable outdoor area, whether for a traditional build, a shop or equipment storage, recreational vehicle parking, or other personal projects. The pond and ample acreage also support buyers looking for a property that can accommodate both practical uses and future expansion plans within a city-limits framework.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sheridan
    County
    Grant
    State
    Arkansas
    Longitude
    -92.4063421
    Latitude
    34.2896571

    Nearby Similar for Sale

    • $502,000

      Sheridan, Arkansas Commercial Land

      5.02+/- acres of buildable commercial land on US-167.
      003 Hwy 167, Sheridan, AR 72150
      View Details
    • $1,499,900
      2,240 SF

      Turnkey Business Opportunity in Sheridan

      Profitable, scalable business with equipment included in Sheridan, Arkansas.
      3538 N Hwy 167, Sheridan, AR 72150
      View Details
    • $239,754

      Sheridan, AR Commercial Corner Lot

      1.6+/- acre commercial lot with highway frontage in Sheridan.
      001 Hwy 167, Sheridan, AR 72150
      View Details
    • $7,131,381

      Sheridan, AR Commercial Land

      71.18+/- acres of commercial land in high-traffic area.
      Hwy 167, Sheridan, AR 72150
      View Details
    • $100,000

      Commercial Lot in Sheridan, Arkansas

      0.75 acre commercial lot with development potential.
      002 Shoemaker Road, Sheridan, AR 72150
      View Details
    • $1,000,000

      Sheridan, AR Land for Sale

      40+/- acres in Sheridan, AR, ideal for residential development.
      Shoemaker Road, Sheridan, AR 72150
      View Details
    • $502,000

      Sheridan Commercial Land For Sale

      5.02 acre commercial land with high visibility and accessibility.
      3 Hwy 167, Sheridan, AR 72150
      View Details
    • $502,000

      Sheridan Buildable Commercial Land

      5.02 acre commercial land with high visibility and accessibility.
      003 Hwy 167, Sheridan, AR 72150
      View Details
    • $375,000

      30 Acres Ready For Construction

      30-acre tract between Sheridan and White Hall with utilities.
      Grant 75, Sheridan, AR 72150
      View Details
    • $325,000

      Sheridan Land with Income Potential

      16 acres in Sheridan with rental income and city utilities.
      411 W Center, Sheridan, AR 72150
      View Details
    • $3,900,000
      88,790 SF

      Sheridan Rodeo Arena Event Venue

      Large-scale, income-producing event infrastructure asset with versatile facilities.
      5690 Sheridan Bypass, Sheridan, AR 72150
      View Details
    • $312,500

      25 Acres Wooded Land Tract

      25-acre wooded tract ready for your dream home.
      Grant 75, Sheridan, AR 72150-0000
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Nearly 3.5 acres in city limits with a pond and space for a home, shop, or recreation.
    Where is this residential land & home lot located?
    The property is located at Grant County Road 9 Sheridan, AR.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Nearly 3.5‑acre property located inside city limits; Includes a good‑sized pond; Mobile homes are allowed
    (870) 917-9222
    We can help!
    Listing Contact
    Jacob Palmer
    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
    Grant County Road 9, Sheridan, AR 72150
    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!