Villas at Lakewood Multifamily
For Sale
Contact for pricing
4700 Lancing Road, North Little Rock, AR 72116
Located in an established residential district near shopping, dining, lakes, parks, and major highways.
Property Size26,826 SF
Price / SF$232.98
Days on Market72
Property Features for 4700 Lancing Road
General Information
Standard status
Active
Size
26,826 SF
Property subtype
Multifamily
Building Details
Year Built
2020
Units
17
Listing Agency:
Colliers - Little Rock, Arkansas
Listed By:
Daniel Vogel · License #SA 00087593
(501) 539-1597
Source:
Crexi
Added: Jul 30
Changed: Sep 30
Last Checked: Oct 7 at 11:06AM
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 Colliers - Little Rock, Arkansas
Investment Insights
Based on property information with market context.
Villas at Lakewood is a multifamily property at 4700 Lancing Road in North Little Rock, Arkansas. The asset is positioned within the Lakewood area, an established residential district characterized by mature trees, lakes, and maintained neighborhoods.
The property benefits from access to Lakewood Village Shopping Center, local dining, parks, walking trails, and recreational amenities. Downtown Little Rock is also within convenient reach, while nearby major highways connect the area to the broader market.
The property benefits from access to Lakewood Village Shopping Center, local dining, parks, walking trails, and recreational amenities. Downtown Little Rock is also within convenient reach, while nearby major highways connect the area to the broader market.
Key Highlights
- Multifamily property at 4700 Lancing Road, North Little Rock, Arkansas 72116
- Situated in the established Lakewood area
- Surrounded by mature trees, lakes, and maintained residential neighborhoods
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$201,807
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,036,140
$4.0M
Cap Rate 7%
$2,882,957
$2.9M
Cap Rate 9%
$2,242,300
$2.2M
Market Conditions
NOI Build-Up for 26,826 SF
Gross rent
$389.5K $14.52/SF
− Vacancy
−$22.6K −$0.84/SF
EGI
$366.9K $13.68/SF
− OpEx
−$165.1K −$6.16/SF
NOI
$201.8K $7.52/SF
Area
Pulaski County, AR
Vacancy
5.80%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,036,140
Cap Rate 7%
$2,882,957
Cap Rate 9%
$2,242,300
Alternative Uses
Best Use
Apartment 5plus
$2.88M
$2.52M – $3.36M
NOI $201,807 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.12M
$4.48M – $5.97M
NOI $358,196 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Located in an established residential district near shopping, dining, lakes, parks, and major highways.
Where is this multifamily property located?
The property is located at 4700 Lancing Road North Little Rock, AR.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Multifamily property at 4700 Lancing Road, North Little Rock, Arkansas 72116; Situated in the established Lakewood area; Surrounded by mature trees, lakes, and maintained residential neighborhoods
