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

    Dv Pkwy Little Rock, AR

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $5,642,109

    Land with multi-family development opportunity in a growing area.

    Lot size:
    47.10 Acres

    Property Features for Dv Pkwy

    General Information

    Lot size
    47.10 Acres

    We can help!

    Listing Contact
    Nick Kelley
    Nick Kelley
    Source: Moodyscre

    Listing Agent: Nick Kelley

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Land on The Divide Parkway

    This property presents a multi-family development opportunity in a solid growth area. It is located in close proximity to professional offices, educational institutions, and a Walmart Supercenter. The land has frontage on The Divide Parkway West and available access to The Divide Parkway East. The property is zoned MF-12 and MF-18.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2852014
    Latitude
    34.7499657

    Nearby Similar for Sale

    • $12,900,000
      9,000 SF

      Equestrian Estate with Extensive Facilities

      200-acre equestrian estate featuring world-class horse facilities and refined charm.
      19513 Congo Ferndale Rd, Little Rock, AR 72210
      View Details
    • $7,000,000
      9,000 SF

      Elite Equestrian Estate in Little Rock

      Turnkey 42-acre equestrian estate with world-class facilities.
      19513 Congo Ferndale Rd, Little Rock, AR 72210
      View Details
    • $565,000
      4,750 SF

      Versatile Property with Multiple Buildings

      Three buildings on a high-traffic lot with commercial zoning.
      4919 Basline Rd, Little Rock, AR 72209
      View Details
    • $325,500
      3,169 SF

      Remodeled Office Building Near Downtown

      Completely remodeled office building in high-traffic area, suitable for medical/legal.
      813 W 3Rd St, Little Rock, AR 72201
      View Details
    • $225,000
      2,810 SF

      Little Rock Triplex Investment Opportunity

      Triplex in Little Rock with strong rental income potential.
      1921 Wright Ave, Little Rock, AR 72202
      View Details
    • $625,000
      2,918 SF

      Little Rock Estate on 12 Acres

      Private park-like estate with custom home in Little Rock.
      110 Shady Thicket Ln, Little Rock, AR 72204
      View Details
    • New
      $295,000
      2,366 SF

      Modern Duplex in Little Rock

      Contemporary duplex, built 3 years ago, great investment opportunity.
      1021 S Woodrow St, Little Rock, AR 72204
      View Details
    • $943,000
      4,800 SF

      Downtown Studio Lofts Opportunity

      Seven studio lofts in historic Tuf Nut building.
      423 Units, Little Rock, AR 72201
      View Details
    • $325,000
      8,000 SF

      Commercial Building on Arch Street

      Commercial building with high traffic flow in Little Rock, AR.
      8819 Arch Street Pike, Little Rock, AR 72206
      View Details
    • $298,000
      2,016 SF

      Kingwood Duplex: Investor Opportunity

      Income-producing duplex in Little Rock's Kingwood neighborhood with long-term tenants.
      2219 Blackwood Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing
      15,850 SF

      Versatile Mixed-Use Commercial Space

      Spacious Little Rock property with offices, warehouse, and interstate frontage.
      8023 Interstate 30, Little Rock, AR 72209
      View Details
    • $289,000
      3,332 SF

      Income Property in Little Rock

      Income-producing property with a strong rental history and full occupancy.
      11300 Arch Street Pike, Little Rock, AR 72206
      View Details

    FAQs

    What type of property is this?
    Land - Land with multi-family development opportunity in a growing area.
    Where is this land located?
    The property is located at Dv Pkwy Little Rock, AR.
    What is the asking price?
    The asking price for this property is $5,642,109.
    What are key features of this property?
    This property features: - Multi-family development opportunity; - Zoned MF-12 and MF-18; - Frontage on The Divide Parkway West, with access to The Divide Parkway East
    (501) 244-7541
    Request Owner's contact information
    Dv Pkwy Little Rock, AR
    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.
    Dv Pkwy
    Little Rock, AR
    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
    Dv Pkwy Little Rock, AR
    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
    Nick Kelley
    Nick Kelley
    (501) 244-7541
    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.