Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    550 W 2Nd St Ward, AR 72176

    Sponsored
    For Sale
    $599,000

    PKG Single Family, Ranch - Ward, AR

    Property size:
    9,999 SF
    Days on Market:
    33
    Last Refresh:
    Jan 20 at 2:06 am

    Property Features for 550 W 2Nd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    residental
    Parking features
    None
    Size
    9,999 SF

    Utilities

    Heating system
    Central, Electric (Heating), Natural Gas
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1800
    Floors in Building
    1
    Number of units
    10
    Flooring type
    Carpet, Carpet - Full, Carpet - Partial, Tile, Vinyl
    Building materials
    Brick, Frame
    Roof type
    Composition, Shingle
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Jody Huffmaster

    RE/MAX Real Estate Connection (501) 843-3067

    Listing agent Jody Huffmaster (501) 843-3067

    Listing date Dec 19, 2025

    MLS# 25042977 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.

    Learn more

    Property Insight Report

    Overview

    Investment Liquidation: Multiple Residential Units

    This is an investment liquidation opportunity featuring ten residential units situated on nine parcels. The properties include six units located in Ward, one in Jacksonville, two in North Little Rock, and one in Little Rock. Currently, all but two units are occupied by tenants. The combined monthly rental income is $10,000. Showings require 24-hour notice, and approaching tenants is prohibited. The properties are zoned residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness Wholesale Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Ward
    County
    Lonoke
    State
    Arkansas
    Longitude
    -91.956981
    Latitude
    35.024666

    Nearby Similar for Sale

    • $725,000
      7,110 SF

      Ward, AR Multifamily Investment

      Seven-unit apartment complex in Ward, Arkansas, offering reliable income.
      405-417 Scott St, Ward, AR 72176
      View Details
    • $400,000
      0.08 Acres

      Prime Ward, AR Business Opportunity

      0.08-Acre Commercial Lot - $400,000
      Block 13, Ward, AR 72176
      View Details
    • $180,000
      488 SF

      Ward Mixed-Use Commercial Property

      Prime Ward location, high potential, existing structures.
      100 Front St, Ward, AR 72176
      View Details
    • $795,750

      Ward, AR Apartment Complex

      Multifamily investment opportunity in Ward, AR.
      26 Oddie Ln, Ward, AR 72176
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Portfolio of ten residential units across nine parcels for sale.
    Where is this multifamily property located?
    The property is located at 550 W 2Nd St Ward, AR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Portfolio of 10 rental units across 9 parcels.; - Current monthly rent roll of $10,000.; - Mix of property locations: Ward, Jacksonville, North Little Rock, and Little Rock.
    (501) 940-4628
    Request Owner's contact information
    550 W 2Nd St Ward, AR 72176
    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.
    550 W 2Nd St
    Ward, AR 72176
    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
    550 W 2Nd St Ward, AR 72176
    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

    We can help!
    Listing Contact
    Jody Huffmaster
    Real Estate License ID: EB00075977
    (501) 940-4628
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.