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505 Cypress St North Little Rock, AR 72114

Commercial real estate Google Maps
10 SF 0.96 ac lot Built 1995
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$230k
Range $207k – $253k (±10%)
Property ID US05-0285849

Property summary

AI-generated overview

This exceptional 0.96-acre commercial land parcel presents a unique investment opportunity in North Little Rock, Arkansas. Strategically located at 505 Cypress Street, this property boasts unparalleled visibility due to its proximity to Interstate 30, a major thoroughfare with a remarkable 109,000 vehicles passing daily. The site's address is 505 Cypress St, North Little Rock, AR 72114, within the LR - North Little Rock submarket of Pulaski County. The land itself totals 41,691 square feet and is designated for single-tenant occupancy. This presents a blank canvas for developers seeking to capitalize on the high traffic volume and prime location. The property's accessibility and high visibility make it ideal for a variety of commercial uses, offering significant potential for return on investment. Given its size and location, this property is well-suited for businesses requiring high visibility and convenient access to major transportation routes. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is zoned for commercial use (further zoning verification is recommended).

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1995
Total area 10 SF
Lot 0.96 ac (41,818 SF)
APN 33N-300-00-129-00
UPID US05-0285849

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2015
3 recorded transactions
2020
Price N/A
2015
$287,500
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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