Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    7423 Service Road North Little Rock, AR 72118

    View on Map
    Claim this Listing
    For Sale
    $175,000

    Residential Lot - North Little Rock, AR

    Lot size:
    0.49 Acres
    Added:
    Aug 26, 2025
    Days on Market:
    254
    Last Refresh:
    May 6 at 12:06 am

    Property Features for 7423 Service Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    33R0087900500
    Lot size
    0.49 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    265.48

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Graham Watson

    Listing agent Graham Watson

    Listing office Keller Williams Realty 12814 Cantrell Road, Little Rock, AR

    Listing date Aug 26, 2025

    MLS# 25034282 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

    Half-Acre Lot with Metal Building

    This property features a 0.49-acre lot located in Oak Grove. Included on the lot is a mobile home that may be suitable for repair and habitation. A large metal building with three rolling doors is situated on a concrete slab. City sewage connection is a possibility for this property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Food Market Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.317948
    Latitude
    34.819812

    Nearby Similar for Sale

    • $995,000
      8,328 SF

      Turnkey Event Center and Venue

      Historic property ideal for events, B&B, or office space.
      2005 N Main Street, North Little Rock, AR 72116
      View Details
    • $475,000
      2,535 SF

      North Little Rock Commercial Opportunity

      Highly visible commercial property ideal for retail, office, or investment.
      3125 John F Kennedy Boulevard, North Little Rock, AR 72116
      View Details
    • $449,000
      4,500 SF

      North Little Rock Warehouse Investment

      Income-producing commercial property with warehouses and truck parking.
      14525 Overstreet Road, North Little Rock, AR 72113
      View Details
    • $570,000
      5,200 SF

      Park Hill Retail/Office Building

      Iconic building in Park Hill, suitable for retail or office.
      3422 John F Kennedy Boulevard, North Little Rock, AR 72116-8827
      View Details
    • $499,900
      4,468 SF

      North Little Rock Fourplex

      Fourplex in North Little Rock with income potential.
      10800 Frenchmen Loop, North Little Rock, AR 72113-7163
      View Details
    • $279,000
      2,932 SF

      North Little Rock Office Building

      Office building with two units, suitable for medical or office use.
      406 W 26th Street, North Little Rock, AR 72114-0000
      View Details
    • $149,900
      992 SF

      Mixed-Use Property on Large Lot

      Versatile mixed-use property on a spacious lot with mature trees.
      4001 HWY 161, North Little Rock, AR 72117
      View Details
    • $400,000
      2,250 SF

      Commercial Land in High-Traffic Area

      Commercial property ideal for entrepreneurs or investors in East-Argenta.
      1400 E BROADWAY Street, North Little Rock, AR 72114
      View Details
    • $530,000
      12,200 SF

      North Little Rock Corner Lot

      High-visibility corner lot with strong income potential.
      3621 Camp Robinson Rd, North Little Rock, AR 72118
      View Details
    • $187,000
      1,351 SF

      Equipped Salon in North Little

      Ready-to-operate salon near Argenta Arts District, North Little Rock.
      1710 Main Street, North Little Rock, AR 72114
      View Details
    • $414,900
      3,827 SF

      Retail Building in Park Hill

      Two-level retail building in North Little Rock for sale.
      3513 JFK Boulevard, North Little Rock, AR 72116
      View Details
    • $650,000
      1,074 SF

      North Little Rock Restaurant Opportunity

      Restaurant building and land for sale in North Little Rock.
      2221 E Broadway Street, North Little Rock, AR 99999-9999
      View Details

    FAQs

    What type of property is this?
    Land - Residential lot with mobile home and large metal building.
    Where is this land located?
    The property is located at 7423 Service Road North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Half‑acre lot in Oak Grove; Large, 3 rolling door, metal building on a concrete slab offering substantial space; City sewage connection possible
    (501) 626-9000
    We can help!
    Listing Contact
    Graham Watson
    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
    7423 Service Road, North Little Rock, AR 72118
    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!