Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    West Little Rock Development Opportunity Title is generated by Realmo AI

    000 Rummel Road, Little Rock, AR 72223

    View on Map
    Claim this Listing
    For Sale
    $2,260,000

    Acreage - Little Rock, AR

    Lot size:
    40.00 Acres
    Added:
    Dec 4, 2025
    Days on Market:
    159
    Last Refresh:
    May 12 at 4:06 pm

    Property Features for 000 Rummel Road

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Hathaway
    Jeffrey Hathaway

    Listing agent Jeffrey Hathaway

    Listing office Hathaway Group 2100 Riverdale Rd, Suite 100, Little Rock, AR

    Listing date Dec 4, 2025

    MLS# 25047906 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

    • Prime 40‑acre development opportunity in West Little Rock's thriving growth corridor.
    • Zoned R‑2, ideal for a luxury residential community or large‑lot estate homes.
    • Excellent location: secluded hilltop parcel minutes from Cantrell Road's retail, dining, and services.
    • Strong area demographics: average household incomes exceed $152,000 within a one‑mile radius.
    • Utilities extend to the property boundary, simplifying development.
    • Strategic investment opportunity as available tracts diminish.

    Overview

    This approximately 40-acre wooded, hilltop parcel is located at the northeast quadrant of Cantrell Road and Rummel Road in West Little Rock. Zoned R-2, the property is suitable for a luxury residential community. It offers a balance of secluded natural beauty and accessibility, being minutes from Cantrell Road's retail, dining, and professional services. Utilities extend to the property boundary. The area has strong demographics, including average household incomes exceeding $152,000 within a one-mile radius. The land presents potential for large-lot estate homes or an upscale residential development. It is located in a growing corridor where available tracts are diminishing, representing a strategic investment in a sought-after location. Sample lot layouts are available to illustrate development possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.443021
    Latitude
    34.8034869

    Nearby Similar for Sale

    • $498,000
      4,750 SF

      Versatile Commercial Property in Little Rock

      Income-producing property with multiple buildings and high-traffic location.
      4919 baseline rd, Little Rock, AR 72209
      View Details
    • $949,900
      7,620 SF

      Office/Warehouse with Fenced Yard

      7,620 SF office/warehouse with 2.34-acre fenced yard.
      7900 Doyle Springs Road, Little Rock, AR 72209-5320
      View Details
    • $1,000,000
      4,331 SF

      Renovated Retail Building on University

      4,300+ SF building on 2.25 acres in Little Rock.
      4700 S University Avenue, Little Rock, AR 72204
      View Details
    • $599,999
      5,773 SF

      Professional Building with Expansion Potential

      Well-maintained 5,773 SF building with ample parking and expansion lots.
      5100 W 12th Street, Little Rock, AR 72204
      View Details
    • $450,000
      2,938 SF

      Commercial Property in Little Rock

      Well-located commercial property with high visibility and strong investment potential.
      1425 S University Ave, Little Rock, AR 72204
      View Details
    • $891,840
      7,800 SF

      Versatile Building and Land Opportunity

      7800 SF building suited for office, church, or industrial uses.
      5303 33rd Road, Little Rock, AR 72204
      View Details
    • $4,500
      4,331 SF

      Renovated Commercial Building on University

      4,300+ SF building on 2.25 acres in Little Rock.
      4700 S University Avenue, Little Rock, AR 72204
      View Details
    • $425,000
      5,000 SF

      Little Rock Commercial Building/Land

      Turn-key commercial building in high-traffic Little Rock location.
      1817 S Woodrow, Little Rock, AR 72204
      View Details
    • $500,000
      3,654 SF

      Downtown Little Rock Office Building

      Versatile commercial property with customizable office suites in downtown Little Rock.
      1100 W 2nd Street, Little Rock, AR 72201
      View Details
    • $4,500,000
      11,993 SF

      West Little Rock Academy Facility

      Purpose-built academy facility in West Little Rock, Arkansas.
      610 Wellington Hills Road, Little Rock, AR 72211
      View Details
    • $324,000
      4,392 SF

      Fourplex Investment Opportunity in Little Rock

      Four-unit townhouse with renovation potential in a high-demand rental area.
      2007 Sanford Drive, Little Rock, AR 72227
      View Details
    • $825,000
      10,600 SF

      Two-Story Office Building with Parking

      Two-story office building with gated parking near downtown Little Rock.
      4016 Stannus, Little Rock, AR 72204
      View Details

    FAQs

    What type of property is this?
    Land - 40-acre wooded parcel ideal for luxury residential development.
    Where is this land located?
    The property is located at 000 Rummel Road Little Rock, AR.
    What is the asking price?
    The asking price for this property is $2,260,000.
    What are key features of this property?
    This property features: Prime 40‑acre development opportunity in West Little Rock's thriving growth corridor.; Zoned R‑2, ideal for a luxury residential community or large‑lot estate homes.; Excellent location: secluded hilltop parcel minutes from Cantrell Road's retail, dining, and services.
    (501) 529-4969
    We can help!
    Listing Contact
    Jeffrey Hathaway
    Jeffrey Hathaway
    Real Estate License ID: PB00013515
    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
    000 Rummel Road, Little Rock, AR 72223
    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!