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
    The Largest CRE Database in the US with Over 1 Million Listings

    96 Michael James Dr Sherwood, AR 72120

    Sponsored
    For Sale
    $75,000

    Acreage - Sherwood, AR

    Lot size:
    3.00 Acres
    Days on Market:
    17
    Last Refresh:
    Jan 28 at 1:06 pm

    Property Features for 96 Michael James Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Luke Dorey
    Luke Dorey

    RE/MAX Elite (501) 291-3841

    Listing agent Luke Dorey (501) 291-3841

    Listing date Jan 12, 2026

    MLS# 26001940 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

    Sherwood Land in Doris Heights

    Located in the Doris Heights Subdivision, this scenic three-acre lot offers a setting for building a custom home. The subdivision includes paved roads and mandates a minimum build size of 2,000 square feet. Situated between Little Rock, Conway, and Cabot, the property provides access to city centers while maintaining a country environment. The land features views of rolling hills, suitable for a future home and outdoor living spaces. Utilities are available at the road. This property is suitable for building or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sherwood
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.319999459839
    Latitude
    34.988677064694

    Nearby Similar for Sale

    • $169,900
      2,203 SF

      Sherwood Duplex: Investment Opportunity

      Well-maintained Sherwood duplex with two 3-bedroom units. Great investment!
      618 Newcastle Dr, Sherwood, AR 72120
      View Details
    • $189,000
      2,143 SF

      Sherwood Duplex with Fenced Yards

      Two-unit duplex near schools and shopping in Sherwood, Arkansas.
      610/612 Newcastle Dr Dr, Sherwood, AR 72120
      View Details
    • $795,000
      9,000 SF

      Sherwood Commercial Building with Land

      9,000 SF commercial building in Sherwood Commercial Park.
      1041 Lantrip Rd, Sherwood, AR 72120
      View Details
    • $750,000
      580 SF

      Turnkey Rental Portfolio in Sherwood

      Fully occupied 13-unit tiny home portfolio in a growing market.
      11300 Units Rd, Sherwood, AR 72120
      View Details
    • $2,900,000
      15,489 SF

      Sherwood Building and Land For Sale

      Located in the heart of Sherwood with excellent visibility.
      208 E Kiehl Ave, Sherwood, AR 72120
      View Details
    • Contact for pricing
      12,000 SF

      Retail Spaces in Sherwood, AR

      Retail spaces for lease in high-traffic Sherwood location.
      10303 Highway 107, Sherwood, AR 72120
      View Details
    • $219,900
      2,306 SF

      Sherwood, AR Duplex Investment

      Fully occupied duplex, great investment opportunity in Sherwood, Arkansas.
      1423-1425 Stafford Rd, Sherwood, AR 72120
      View Details
    • $219,900
      2,143 SF

      Sherwood, AR Duplex Investment

      Duplex in Sherwood, Arkansas, offering an investment opportunity.
      622-624 Newcastle Dr, Sherwood, AR 72120
      View Details
    • $345,000
      4,688 SF

      Sherwood Duplex Package For Sale

      Two fully leased duplexes in Sherwood, AR, offered as a package.
      615 Newcastle Dr, Sherwood, AR 72120
      View Details
    • $175,000
      5,018 SF

      Versatile Building and Land Opportunity

      Two-story building suitable for retail, office, or residential uses.
      10203 Jacksonville Cato Rd, Sherwood, AR 72120
      View Details
    • $220,000
      2,304 SF

      Sherwood AR Duplex Investment Opportunity

      Tenant-occupied duplex in Sherwood, AR, ideal for investors.
      1501 Stafford Rd Rd, Sherwood, AR 72120
      View Details
    • $219,900
      2,253 SF

      Sherwood, AR Duplex Investment

      Duplex in Sherwood, Arkansas, offered as an investment opportunity.
      626-628 Newcastle Dr, Sherwood, AR 72120
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three-acre lot in Doris Heights, ideal for custom home.
    Where is this residential land & home lot located?
    The property is located at 96 Michael James Dr Sherwood, AR.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Desirable Doris Heights Subdivision location.; - Convenient access to Little Rock, Conway, and Cabot.; - Beautiful views of rolling hills.
    (501) 773-7971
    Request Owner's contact information
    96 Michael James Dr Sherwood, AR 72120
    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.
    96 Michael James Dr
    Sherwood, AR 72120
    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
    96 Michael James Dr Sherwood, AR 72120
    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
    Luke Dorey
    Luke Dorey
    Real Estate License ID: SA00000000
    (501) 773-7971
    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.