Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Little Rock Commercial Land Title is generated by Realmo AI

    236 Ac Hwy 165, North Little Rock, AR 72117

    View on Map
    Claim this Listing
    For Sale
    $9,440,000

    COMMERCIAL - North Little Rock, AR

    Lot size:
    236.00 Acres
    Added:
    Mar 14, 2025
    Days on Market:
    436
    Last Refresh:
    May 23 at 12:06 am

    Property Features for 236 Ac Hwy 165

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    236.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    On File
    Tax Annual Amount
    2558

    We can help!

    Listing Contact
    Brooks McRae
    Brooks McRae

    Listing agent Brooks McRae

    Listing office McKimmey Associates REALTORS NLR 5317 John F Kennedy Blvd, North Little Rock, AR

    Listing date Mar 14, 2025

    MLS# 25010014

    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.

    HighLights

    • Lot on Hwy 165
    • Mostly cleared lot
    • Location: [-92.12183,34.723633]
    • Contact Listing Agent Regarding Utilities

    Overview

    This commercial land lot is located on Hwy 165 in North Little Rock, Arkansas. The property is situated in Pulaski County and has a total lot size of 236 acres. The lot is mostly cleared.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.1218303
    Latitude
    34.7236323

    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
    • $499,900
      4,468 SF

      North Little Rock Multi-Family Property

      Multi-family property in North Little Rock, Arkansas.
      10800 Frenchmen Loop, North Little Rock, AR 72113-7163
      View Details
    • $530,000
      12,200 SF

      North Little Rock Commercial Property

      High-visibility corner lot with strong income potential.
      3621 Camp Robinson Rd, North Little Rock, AR 72118
      View Details
    • $210,000
      2,610 SF

      Updated Duplexes in Developing Area

      Two updated duplexes, great investment opportunity near downtown Little Rock.
      2804 Lincoln Avenue, North Little Rock, AR 72114
      View Details
    • $100,000
      1,904 SF

      Updated Duplex in North Little Rock

      Recently updated duplex with rental income potential in convenient location.
      4511 & 4513 Atkins Street, North Little Rock, AR 72117
      View Details
    • $250,000
      2,154 SF

      North Little Rock Restaurant Opportunity

      Fully built-out restaurant suitable for various concepts with ample parking.
      4707 E Broadway Street, North Little Rock, AR 72117
      View Details
    • $279,900
      4,000 SF

      North Little Rock Trailer Park

      Small trailer park with house and mobile homes.
      6604-6615 Fitts Road, North Little Rock, AR 72118
      View Details
    • $254,900
      3,211 SF

      North Little Rock Fourplex Investment

      Charming 1940s fourplex with income potential on corner lot.
      110 & 112 W 15th Street, North Little Rock, AR 72114
      View Details
    • $400,000

      North Little Rock Commercial Land

      5.63-acre commercial land with road frontage in North Little Rock.
      MacArthur Drive, North Little Rock, AR 72118
      View Details
    • $389,000

      North Little Rock Land Opportunity

      5.63-acre tract ideal for commercial or residential development.
      MacArthur Drive, North Little Rock, AR 72118
      View Details
    • $138,500
      1,035 SF

      North Little Rock Duplex Opportunity

      Duplex with tenant and vacant unit, great investment opportunity.
      421 Sierra Madre Drive, North Little Rock, AR 72118
      View Details
    • $175,000
      2,025 SF

      North Little Rock Multifamily Investment

      Three units, rehabbed, investment opportunity in North Little Rock.
      303-305 Short Street, North Little Rock, AR 72117
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large commercial land lot available in North Little Rock.
    Where is this commercial land located?
    The property is located at 236 Ac Hwy 165 North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $9,440,000.
    What are key features of this property?
    This property features: Lot on Hwy 165; Mostly cleared lot; Location: [-92.12183,34.723633]
    (501) 960-8501
    We can help!
    Listing Contact
    Brooks McRae
    Brooks McRae
    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
    236 Ac Hwy 165, North Little Rock, AR 72117
    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!