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    Dv Pkwy & Chenal Pkwy Little Rock, AR 72223

    Sponsored
    For Sale
    $5,642,109

    47 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 47.1-acre parcel presents a remarkable multifamily development opportunity in Little Rock, Arkansas. Located at the intersection of Divide Parkway and Chenal Parkway, this property boasts convenient access to major thoroughfares and is situated in a high-growth area of Pulaski County. The land is zoned MF-12 and MF-18, allowing for a variety of multi-family residential projects. Its strategic location offers close proximity to numerous amenities, including professional offices, educational institutions, and a Walmart Supercenter. Further enhancing its appeal, a nearby Dairy Queen recently achieved record-breaking sales, underscoring the area's strong commercial viability and high consumer traffic. The property features frontage on Divide Parkway West, with access to Divide Parkway East also available. The asking price is $5,642,109, translating to a land value of $2.75 per square foot. Drone footage showcasing the property's topography and surrounding area is available online. This is an unparalleled chance to capitalize on the robust growth and demand for residential housing in this thriving West Little Rock location. The zip code is 72223.

    Property Features for 0 Dv Pkwy & Chenal Pkwy

    General Information

    Property type
    Land
    Lot Size
    2,051,676 SF

    HighLights

    • 47.1‑acre multifamily development site in Little Rock, AR.
    • Located at Divide Parkway and Chenal Parkway intersection, in a high‑growth area of Pulaski County.
    • Zoned MF‑12 and MF‑18.
    • Excellent access to major thoroughfares, nearby amenities (professional offices, educational institutions, Walmart).
    • Strong retail indicators, including a nearby Dairy Queen with record sales.
    • Frontage on Divide Parkway West, with access to Divide Parkway East. Drone footage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4959147
    Latitude
    34.8159816

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    FAQs

    What type of property is this?
    Land - 47 Acres, Prime Development Site
    Where is this land located?
    The property is located at Dv Pkwy & Chenal 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: 47.1-acre multifamily development site in Little Rock, AR.; Located at Divide Parkway and Chenal Parkway intersection, in a high-growth area of Pulaski County.; Zoned MF-12 and MF-18.
    Request Owner's contact information
    Dv Pkwy & Chenal Pkwy Little Rock, AR 72223
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    Realmo Value Estimation

    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.

    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.

    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 & Chenal Pkwy Little Rock, AR 72223
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