Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Memphis Commercial Land Available Title is generated by Realmo AI

    703-707 N MISSOURI STREET, West Memphis, AR 72301

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $384,900

    LAND - West Memphis, AR

    Lot size:
    2.32 Acres
    Added:
    May 23, 2025
    Days on Market:
    364
    Last Refresh:
    May 21 at 12:06 pm

    Property Features for 703-707 N MISSOURI STREET

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    366001000000
    Lot size
    2.32 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    SW1/4 NW1/4 SURVEY SCANNED
    Tax Annual Amount
    2308

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Karen Carter

    Listing agent Karen Carter License #PB00038590

    Listing office CARTER REALTY COMPANY 203 W BROADWAY, West Memphis, AR

    Listing date May 23, 2025

    MLS# 43400 Listing URL

    Copyright © 2026 Eastern Arkansas REALTORS® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned commercial corridor

    Overview

    This 2.32-acre commercial land is located in West Memphis, Arkansas. The property is zoned commercial corridor, suggesting its suitability for various business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.184304
    Latitude
    35.154296

    Nearby Similar for Sale

    • $195,000
      1,468 SF

      West Memphis Commercial Opportunity

      Commercial property suitable for office, retail, or service businesses.
      414 N MISSOURI STREET, West Memphis, AR 72301
      View Details
    • $459,000
      6,586 SF

      West Memphis Office Business Opportunity

      6500+ sq ft office building in West Memphis, AR
      105 W HARRISON ROAD, West Memphis, AR 72301
      View Details
    • $139,900
      820 SF

      Remodeled Office Building with Parking

      Turnkey office building with fenced parking in West Memphis, AR.
      210 VAN BUREN AVENUE, West Memphis, AR 72301
      View Details
    • $189,900
      1,288 SF

      West Memphis Duplex For Sale

      Low-maintenance duplex in the Lakes of Richland community.
      109 N STONEBRIDGE COVE, West Memphis, AR 72301
      View Details
    • $335,000

      Commercial Land in West Memphis

      Commercial land available for sale in West Memphis, Arkansas.
      1399 N MISSOURI STREET, West Memphis, AR 72301
      View Details
    • Contact for pricing
      7,815 SF

      West Memphis Automotive Shop For Sale

      Automotive shop with ample space and easy highway access.
      400 East Jefferson Avenue, West Memphis, AR 72301
      View Details
    • $450,000

      Commercial Land Near Southland Park

      2.38 acres of commercial land with excellent visibility.
      Seventh Street , West Memphis, AR 72301
      View Details
    • $1,900,000
      19,663 SF

      Fully Occupied Medical Portfolio

      Five-building medical portfolio in West Memphis, 100% occupied.
      318 S Rhodes Street, Other AR, AR 72301
      View Details
    • $165,000

      Commercial Land in West Memphis

      Commercial land available in West Memphis, Arkansas.
      1397 N MISSOURI STREET, West Memphis, AR 72301
      View Details
    • $500,000
      6,096 SF

      Industrial Flex Space with Offices

      6,096 SF industrial/flex space with offices and shop area.
      1600 E Broadway St, West Memphis, AR 72301
      View Details
    • Contact for pricing

      143-Room Hotel Near Interstates

      Five-story hotel with proposed amenities near major interstates.
      1599 N 6th St, West Memphis, AR 72301
      View Details
    • Contact for pricing
      24,109 SF

      Industrial/Manufacturing Building with Drive-Through Bays

      24,109 SF building with 9 drive-through bays on 1.6 AC.
      400 Mound City Rd, West Memphis, AR 72301
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.32 acre commercial land for sale in West Memphis.
    Where is this commercial land located?
    The property is located at 703-707 N MISSOURI STREET West Memphis, AR.
    What is the asking price?
    The asking price for this property is $384,900.
    What are key features of this property?
    This property features: Zoned commercial corridor
    (901) 335-3497
    We can help!
    Listing Contact
    Karen Carter
    Real Estate License ID: PB00038590
    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
    703-707 N MISSOURI STREET, West Memphis, AR 72301
    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!