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    1502-1504 Melbourne Dr Horseshoe Bend, AR 72512

    • Land
    • 0.50 lot acres
    For Sale
    View listing
    $3,500
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1502-1504 Melbourne Dr

    Lot size
    0.50 lot acres
    Property type
    Land

    Description

    This exceptional 0.5-acre commercial land parcel presents a unique investment opportunity in the desirable Horseshoe Bend, Arkansas area. Located at 1502-1504 Melbourne Drive, 72512, this property offers a blank canvas for various commercial ventures. Situated in Izard County, within the picturesque Ozark foothills, this lot benefits from the area's natural beauty and relaxed atmosphere. Horseshoe Bend boasts five area lakes, providing recreational opportunities and attracting tourism. The community also offers a welcoming environment, low taxes, and convenient access to amenities including golf courses, tennis courts, indoor swimming pools, resorts, spas, shopping, and diverse restaurants. This property's strategic location and the area's appeal make it ideal for development, offering significant potential for return on investment. The asking price is $3,500. Don't miss this chance to acquire a piece of land in a thriving Arkansas community. The property's latitude and longitude coordinates are 36.232423 and -91.723766 respectively.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Horseshoe Bend
    County
    Izard
    State
    Arkansas
    Longitude
    -91.7238
    Latitude
    36.2324

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    1502-1504 Melbourne Dr
    Horseshoe Bend, AR 72512
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    Realmo Value Estimation

    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.

    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.

    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
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