Hempstead County, AR · Sold

AR-367841

1021 County Road 397

$368,300

$1,934/ac · 190 ac

Offer report Market this tract

Acreage190 ac

Price per acre$1,934/ac

ZoningResidential

Road accessDirt

UtilitiesPower at road

TopographyFlat

ListedSep 10, 2023

Coordinates33.7724, -93.7376

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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Hempstead County, Arkansas. Ozark hunting camps and Delta row-crop ground at some of the South's lowest entry prices.

View Hempstead market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands4.1% of tract

Little to no mapped wetland coverage.

Average slope1.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,063 ft of deeded road frontage.

Power194 ft away

Power at or near the road.

Buildable area173.51 of 190.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$376,071

$294,487 – $457,655 · $1,975/ac on 190 ac

Asking vs estimate

-2.1%

In line with the comp set

Weighted from 8 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $368,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$214,898

$1,128/ac · +30.0% target margin

You need $153,402 off asking to hit this margin.

All-in cost$233,164

Net resale$345,986

Projected profit$112,821

ROI+48.4%

Annualized+69.2%

Break-even resale$1,331/ac

Profit if resale lands off target

-20%

$43,624

-10%

$78,223

$112,821

+10%

$147,420

+20%

$182,018

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
AR-757325 Dirt · Power at road	131.1	Jul 27, 2026	$197,100	1,504	1,363	9.9 mi	81
AR-108769 Dirt · Off grid	373.0	Jul 27, 2026	$516,200	1,384	1,979	5.3 mi	77
AR-897141 Paved · Power at road	114.7	Jun 9, 2026	$297,800	2,596	1,666	7.3 mi	76
AR-429159 Dirt · Full utilities	494.8	Jul 27, 2026	$783,000	1,582	1,716	3.0 mi	76
AR-446820 Gravel · Off grid	90.9	Jun 11, 2026	$239,600	2,635	2,217	4.5 mi	73
AR-616969 Dirt · Power at road	101.3	May 6, 2025	$310,000	3,062	2,733	2.1 mi	73
AR-296755 Dirt · Power at road	86.7	Nov 15, 2024	$244,400	2,818	2,468	6.9 mi	70
AR-978937 Gravel · Power at road	421.3	Mar 15, 2026	$670,700	1,592	1,752	9.2 mi	69

Show adjustment detail for the top comp

Tract size (131.05 ac → 190.45 ac)-9.6%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.

Build the listing kit Post a deal or JV