Add Listing
    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

    Lot 4 Riverview Corporate Dr Maumelle, AR 72113

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $439,630

    2.73-acre commercial land parcel near Maumelle Boulevard in North Little Rock.

    Type:Land
    Lot size:
    2.73 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    418
    Last Refresh:
    Jan 20 at 10:42 am

    Property Features for Lot 4 Riverview Corporate Dr

    General Information

    Standard status
    Active
    Lot size
    2.73 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Robin Miller
    Robin Miller

    Listing agent Robin Miller

    Listing office Berkshire Hathaway HomeServices Arkansas Realty

    Listing date Feb 7, 2025

    Source Exprealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Arkansas Realty

    Overview

    2.73 Acre Commercial Land Parcel

    Located on Lot 4, Riverview Corporate Drive in North Little Rock, Arkansas, this 2.73-acre parcel offers business growth opportunities. The property is situated in a commercial district near Maumelle Boulevard and is priced at $3.70 per square foot. It provides access to Interstate 40 and Interstate 430, ensuring connectivity for various businesses. The lot presents development potential, making it suitable for new or growing businesses. Construction is planned for the new Crystal Hill extension to Maumelle Blvd.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Big Box & Wholesale Store Auto Repair Shop Building Supply Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Maumelle
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3746
    Latitude
    34.8204

    Nearby Similar for Sale

    • $4,824,031

      Maumelle Commercial Development Opportunity

      Prime commercial land for development in Maumelle, Arkansas.
      0 Maumelle Boulevard, Maumelle, AR 72113
      View Details
    • $1,900,000
      7,200 SF

      Mixed-Use Investment Opportunity, Maumelle

      1.2 acres with building, home, and warehouse near I-40.
      21505 Hwy 365 N, Maumelle, AR 72113
      View Details
    • $7,250,000
      41,136 SF

      Maumelle Condo Portfolio Opportunity

      24-unit condo portfolio in Maumelle's desirable Country Club area.
      225 Country Club Parkway, Maumelle, AR 72113
      View Details
    • $530,000
      4,376 SF

      Maumelle Townhomes For Sale

      Maumelle townhomes with private patios and balconies, tenant occupied.
      9-12 Edgehill Cove, Maumelle, AR 72113
      View Details
    • $138,000
      2,050 SF

      Maumelle Land Ready For Development

      Commercial land with existing parking and landscaping in growing Maumelle.
      1101 Murphy Drive, Maumelle, AR 72113
      View Details
    • $138,000

      Residential Lot in Maumelle, AR

      Residential lot available in Country Club of Arkansas.
      505 Corondelet Lane, Maumelle, AR 72113
      View Details
    • $125,000

      Residential Lot with Valley Views

      0.62-acre homesite in gated subdivision with valley views.
      15621 Summit View Lane, Maumelle, AR 72113
      View Details
    • $125,000

      Residential Lot with Valley Views

      0.71-acre homesite in gated subdivision with valley views.
      15625 Summit View Lane, Maumelle, AR 72113
      View Details
    • $4,000,000

      Maumelle Land Investment Opportunity

      110.24 acres with development potential near city limits.
      W Bradley Rd off 365, Maumelle, AR 72113
      View Details
    • $133,000

      Residential Lot in New Phase

      Level lot with lake view in Country Club of Arkansas.
      601 Corondelet Lane, Maumelle, AR 72113
      View Details
    • $93,000

      Residential Lot in The Quarters

      Corner lot in The Quarters, Country Club of Arkansas.
      405 Corondelet Lane, Maumelle, AR 72113
      View Details
    • $86,000

      Residential Lot in Country Club

      Level lot for custom home in Maumelle, Arkansas.
      604 Corondelet Lane, Maumelle, AR 72113
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.73-acre commercial land parcel near Maumelle Boulevard in North Little Rock.
    Where is this commercial land located?
    The property is located at Lot 4 Riverview Corporate Dr Maumelle, AR.
    What is the asking price?
    The asking price for this property is $439,630.
    What are key features of this property?
    This property features: Strategic location near Maumelle Boulevard in a commercial district.; Seamless access to major transportation routes (I‑40 and I‑430).; 2.73‑acre parcel suitable for business development.
    (501) 580-3183
    We can help!
    Listing Contact
    Robin Miller
    Robin Miller
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!