Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Corner Lot in Cabot Title is generated by Realmo AI

    602 W Locust, Cabot, AR 72023

    View on Map
    Claim this Listing
    For Sale
    $99,900

    Commercial Lot - Cabot, AR

    Lot size:
    1.00 Acre
    Added:
    Apr 1, 2026
    Days on Market:
    51
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 602 W Locust

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    723-70479-000
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    122.16

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Julie Hillegas
    Julie Hillegas

    Listing agent Julie Hillegas

    Listing office Arnett Realty & Investments 903 B W Main St, Cabot, AR

    Listing date Apr 1, 2026

    MLS# 26012524 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 1‑acre corner lot location
    • Zoned 0‑1 Quiet Office, suitable for commercial development
    • Quick access to I‑57 and Main Street
    • High traffic count of 4300 (2022)
    • Site is leveled and cleared, ready for development
    • Ample opportunities for a new endeavor

    Overview

    This one-acre commercial corner lot is located in Cabot, Arkansas. The site is leveled, cleared, and ready for new development. It is zoned 0-1 Quiet Office and benefits from quick access to I-57 and Main Street. A traffic count of 4300 in 2022 provides ample opportunities for a new endeavor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.0206374
    Latitude
    34.978856

    Nearby Similar for Sale

    • $660,000
      6,000 SF

      Commercial Building and Land in Cabot

      Commercial space with high visibility and accessibility in a growing community.
      109 Plaza Boulevard, Cabot, AR 72023
      View Details
    • $1,000,000
      278,000 SF

      Highway Frontage Land in Cabot

      6.3-acre commercial land with highway frontage outside Cabot city limits.
      4 W Main Street, Cabot, AR 72023-0000
      View Details
    • $784,000

      Commercial Land Opportunity in Cabot

      Prime commercial land for development in Cabot, Arkansas.
      00 Bill Foster Memorial Highway, Cabot, AR 72023
      View Details
    • $435,000

      Commercial Land Opportunity in Cabot

      One-acre commercial lot zoned C-2 in Cabot, Arkansas.
      00 Bill Foster Memorial Highway, Cabot, AR 72023
      View Details
    • $725,000
      1,431 SF

      Turnkey Gas Station Convenience Store

      Gas station with convenience store setup in Cabot, Arkansas.
      815 S 2nd Street, Cabot, AR 72023
      View Details
    • $1,000,000
      595,863 SF

      Prime Commercial Land in Cabot

      Approximately 13-acre commercial land with high marketing potential.
      0 Willie Ray Drive, Cabot, AR 72023-0000
      View Details
    • $799,000
      8,720 SF

      Cabot Income-Producing Commercial Property

      Fully occupied commercial property with retail, office, and warehouse spaces.
      818 S Second Street, Cabot, AR 72023
      View Details
    • $1,000,000
      211,623 SF

      Highway Frontage Land in Cabot

      Unzoned 4.85-acre lot with utilities near Cabot city limits.
      7 W Main Street, Cabot, AR 72023-0000
      View Details
    • $970,000
      6,324 SF

      Cabot, AR Investment Opportunity

      Leased units with buildable section on 0.93 acres.
      3290 S 2nd Street, Cabot, AR 72023
      View Details
    • $529,000

      Commercial Lot in High-Traffic Area

      Commercial-zoned land in Cabot, AR, suitable for business development.
      5 W Highway 89, Cabot, AR 72023
      View Details
    • $1,100,000
      352,000 SF

      Highway Frontage Land in Cabot

      Unzoned 8-acre lot with highway frontage and city utilities.
      1 W Main Street, Cabot, AR 72023-0000
      View Details
    • $1,050,000
      327,000 SF

      Highway Frontage Land in Cabot

      Unzoned 7.5-acre lot with highway frontage and city utilities.
      2 W Main Street, Cabot, AR 72023-0000
      View Details

    FAQs

    What type of property is this?
    Commercial land - One-acre commercial corner lot ready for development in Cabot, AR.
    Where is this commercial land located?
    The property is located at 602 W Locust Cabot, AR.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: Prime 1‑acre corner lot location; Zoned 0‑1 Quiet Office, suitable for commercial development; Quick access to I‑57 and Main Street
    (501) 831-8549
    We can help!
    Listing Contact
    Julie Hillegas
    Julie Hillegas
    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
    602 W Locust, Cabot, AR 72023
    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!