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    7918 Us-70 North Little Rock, AR 72117

    Sponsored
    For Sale
    $1,750,000

    Thriving RV park, high NOI, turnkey operation.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a stabilized, Class C multifamily property operating as a successful RV park in North Little Rock, Arkansas. The park boasts 60 RV rental pads, each equipped with full utilities, and enjoys a consistently high occupancy rate, averaging 90% monthly. A complete remodel was undertaken in 2021, enhancing the park's appeal and functionality. The property includes three buildings, one of which serves as on-site management housing with a current one-year lease in place. The park's prime location on US-70 in Pulaski County provides convenient access to major transportation routes. Full bathrooms and showers are available for park guests. The property's strong financial performance is evident in its impressive $158,162 Net Operating Income (NOI) and a 9.04% capitalization rate, with projections indicating a 10% growth pattern for 2023. The current on-site management is available to continue operations if desired. Furthermore, the property offers potential for expansion with available space for additional drive-through sites. This turnkey operation presents a rare opportunity to acquire a high-performing, established business with significant upside potential. The asking price is $1,750,000. The property is located at 7918 US-70, North Little Rock, AR 72117.

    Property Features for 7918 Us-70

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Year Renovated
    2021
    Buildings
    3

    HighLights

    • Stabilized Class C multifamily property (RV park) in North Little Rock, AR, with 60 RV pads and 90% average occupancy.
    • 2021 complete remodel.
    • Includes on‑site management housing (currently leased).
    • Prime US‑70 location in Pulaski County.
    • $158,162 NOI and 9.04% cap rate, projecting 10% growth in 2023.
    • $1,750,000 asking price, located at 7918 US‑70, North Little Rock, AR 72117.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.1753212
    Latitude
    34.7688095

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    FAQs

    What type of property is this?
    Multifamily property - Thriving RV park, high NOI, turnkey operation.
    Where is this multifamily property located?
    The property is located at 7918 Us-70 North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Stabilized Class C multifamily property (RV park) in North Little Rock, AR, with 60 RV pads and 90% average occupancy.; 2021 complete remodel.; Includes on-site management housing (currently leased).
    Request Owner's contact information
    7918 Us-70 North Little Rock, AR 72117
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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
    7918 Us-70 North Little Rock, AR 72117
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