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    Large Commercial/Industrial Development Opportunity Title is generated by Realmo AI

    3300 HIGHWAY 161 23N-020-00-136-00 23N-021-00-034-00 23N-028, North Little Rock, AR 72117

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    For Sale
    $5,400,000

    Commercial - North Little Rock, AR

    Property size:
    15,000 SF
    Lot size:
    46.90 Acres
    Price / SF:
    $360/SF
    Added:
    Mar 16, 2026
    Days on Market:
    63
    Last Refresh:
    May 17 at 12:06 pm

    Property Features for 3300 HIGHWAY 161 23N-020-00-136-00 23N-021-00-034-00 23N-028

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    23N-020-00-136-00, 23N-021-00-034-00,
    Size
    15,000 SF
    Lot size
    46.90 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Terry

    Listing agent Ryan Terry

    Listing office National Land Realty, Little Rock, AR 1501 N. Pierce St., Little Rock, AR

    Listing date Mar 16, 2026

    MLS# 11680710 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 48‑acre commercial/industrial property with C‑3 and I‑2 zoning, allowing for diverse development options.
    • Exceptional accessibility and visibility due to its location just off Interstate 40 and extensive frontage on Highway 161.
    • Utilities are available on‑site (water, sewer, electricity, natural gas).
    • Includes a +/-14,000‑15,000 SF office facility and an industrial shop/warehouse building.
    • Site is largely prepared for development, reducing upfront site work costs.
    • Located in an established commercial/industrial corridor near the Little Rock Port and regional distribution networks.

    Overview

    This approximately 48-acre commercial/industrial property presents a large-scale development opportunity. Located off Interstate 40, the site offers visibility, accessibility, and connectivity to major transportation routes including I-30, I-440, and Highway 67/167. The property is zoned C-3 (Commercial) and I-2 (Industrial), allowing for potential uses including logistics, manufacturing, retail, fuel services, or mixed-use development. With highway frontage along Highway 161 and proximity to I-40, the site benefits from high daily traffic counts and regional exposure. Improvements include an approximately 14,000 to 15,000 square foot office facility with multiple offices, conference areas, and support spaces, along with an additional industrial shop/warehouse building suitable for equipment storage or operations. The site is largely prepared for development. Utilities are available on-site, including public water, sewer, electricity, and natural gas. The property is positioned within a commercial/industrial corridor, surrounded by active businesses and near infrastructure such as the Little Rock Port and regional distribution networks.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.200631
    Latitude
    34.78271

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    FAQs

    What type of property is this?
    Commercial land - 48-acre commercial/industrial property with highway frontage and utility access.
    Where is this commercial land located?
    The property is located at 3300 HIGHWAY 161 23N-020-00-136-00 23N-021-00-034-00 23N-028 North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $5,400,000.
    What are key features of this property?
    This property features: 48‑acre commercial/industrial property with C‑3 and I‑2 zoning, allowing for diverse development options.; Exceptional accessibility and visibility due to its location just off Interstate 40 and extensive frontage on Highway 161.; Utilities are available on‑site (water, sewer, electricity, natural gas).
    (501) 240-3801
    We can help!
    Listing Contact
    Ryan Terry
    Learn More
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    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
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    3300 HIGHWAY 161 23N-020-00-136-00, 23N-021-00-034-00, 23N-028, North Little Rock, AR 72117
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