Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    122 Ruby Road Ward, AR 72176

    View on Map
    Claim this Listing
    New
    For Sale
    $69,900

    Acreage - Ward, AR

    Lot size:
    6.00 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 19 at 4:06 pm

    Property Features for 122 Ruby Road

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    200

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Zanetta Wilburd

    Listing agent Zanetta Wilburd

    Listing office IRealty Arkansas - Cabot 3065 Hwy 367 S, Suite 7, Sherwood, AR

    Listing date Apr 13, 2026

    MLS# 26014553 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.

    Overview

    6-Acre Property Near Ward

    This 6-acre property is located just outside the city limits of Ward, Arkansas. The land has utilities, including water and electricity, already in place. The property is unrestricted, making it suitable for building, investment, or future development. The acreage offers ample space and the potential to be re-surveyed into multiple lots.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Big Box & Wholesale Store Department Store Tech Support Center Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Ward
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.930268
    Latitude
    35.026688

    Nearby Similar for Sale

    • $115,000

      Versatile Acreage in Lonoke County

      10.17 acres with utilities, ready for development or retreat.
      419 Robert Young Road, Ward, AR 72176
      View Details
    • $32,000

      Wooded Lot Outside of Town

      Two-acre wooded lot with utilities and flexible zoning near Ward.
      572 Butlerville Road, Ward, AR 72176
      View Details
    • $17,000

      Residential Lot in Ward, AR

      1.14 acre residential vacant land in Lonoke County.
      609 Charlie Olds Road, Ward, AR 72176
      View Details
    • $565,000

      Freestanding Dollar General Store

      Single tenant Dollar General property with new roof for sale.
      313 W 2nd St, Ward, AR 72176
      View Details
    • $400,000

      Beautiful 40-Acre Land Tract

      Raw land perfect for building a dream home.
      000 Hwy 38, Ward, AR 72176
      View Details
    • $40,000

      Acreage Ready to Build

      One acre lot outside city limits with utilities available.
      0 Sweetwater, Ward, AR 72176
      View Details
    • $62,500

      Residential Lot in Ward, AR

      Three-acre residential lot, partially cleared, ready for building.
      00 Timber Creek, Ward, AR 72086
      View Details
    • $25,000

      Residential Lot in Ward, AR

      Vacant level lot suitable for building a home or duplex.
      0 Washington & 3rd, Ward, AR 72176
      View Details
    • $42,000

      Residential Lot in Copper Moon

      Oversized lot in established Copper Moon Estates subdivision.
      Lot 21 00 Libra Lane, Ward, AR 72176
      View Details
    • $50,000

      Residential Lot in Copper Moon

      0.31 acre lot for custom build in Ward, AR.
      Lot 8 Libra Lane, Ward, AR 72176
      View Details
    • $175,000

      20 Acres Outside City Limits

      20-acre property ideal for building or hobby farm.
      00 Bland Chapel Road, Ward, AR 72176
      View Details
    • $62,000

      Residential Lot in Crescent Cove

      One-acre residential lot available for custom build in Ward, AR.
      Lot 8 Crescent Cove, Ward, AR 72176
      View Details

    FAQs

    What type of property is this?
    Land - 6-acre property with utilities in place, ideal for development.
    Where is this land located?
    The property is located at 122 Ruby Road Ward, AR.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: 6‑acre property with no restrictions.; Utilities (water & electric) already in place.; Ideal for building, investment, or future development.
    (501) 398-6924
    We can help!
    Listing Contact
    Zanetta Wilburd
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!