Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2305 Service Rd West Memphis, AR 72301

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Commercial Land Near Southland Casino

    Property Features for 2305 Service Rd

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Frank Dyer Iii
    Frank Dyer Iii

    Listing Agency: Gill Properties Listing Agent: Frank Dyer Iii

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 28,305 square foot commercial land parcel is ideally situated in West Memphis, Arkansas, at 2305 E Service Road West, zip code 72301. The property is zoned for commercial use, offering significant development potential. Its strategic location provides easy access to Interstate 40 and the vibrant downtown Memphis area, ensuring high visibility and convenient access for businesses. The proximity to the Southland Casino further enhances its appeal, attracting a large volume of traffic and potential customers. Priced at $399,000, this property presents a compelling investment opportunity. The seller is open to considering a ground lease arrangement, providing flexibility for potential buyers or tenants. This is a rare chance to acquire a substantial commercial land holding in a rapidly growing area with excellent infrastructure and strong economic prospects. The property's size and location make it suitable for a wide range of commercial developments, from retail spaces to industrial facilities. Serious inquiries are encouraged.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.1561409
    Latitude
    35.1570021

    Nearby Similar for Sale

    • $139,900
      820 SF

      Remodeled Office Building with Parking

      Turnkey office building with fenced parking in West Memphis, AR.
      210 Van Buren Ave, West Memphis, AR 72301
      View Details
    • $895,000
      18,848 SF

      West Memphis Multi-Family Investment Opportunity

      Value-add 16-unit apartment complex in West Memphis, Arkansas.
      215-219 Ross Ave, West Memphis, AR 72301
      View Details
    • $199,000
      1,468 SF

      West Memphis Office/Retail Opportunity

      Office, retail, or service business location in West Memphis.
      414 N Missouri St, West Memphis, AR 72301
      View Details
    • $459,000
      6,586 SF

      West Memphis Office Business Opportunity

      6500+ sq ft office building in West Memphis, AR
      105 W Harrison Rd, West Memphis, AR 72301
      View Details
    • $325,000
      1,612 SF

      West Memphis Retail Opportunity

      Former gas station available for sale in West Memphis, Arkansas.
      1322 E Broadway St, West Memphis, AR 72301
      View Details
    • $500,000
      6,096 SF

      Industrial Flex Space with Offices

      6,096 SF industrial/flex space with offices and shop area.
      1600 E Broadway St, West Memphis, AR 72301
      View Details
    • $165,000
      920 SF

      Office Building and Shop on Broadway

      920 SF office building and shop on 1.24 acres.
      3312 East Broadway Ave, West Memphis, AR 72301
      View Details
    • $2,000,000
      3,268 SF

      West Memphis Gas Station Opportunity

      Gas station for sale in West Memphis near Welcome Center.
      700 N Service Rd, West Memphis, AR 72301
      View Details
    • $2,000,000
      3,268 SF

      West Memphis Gas Station Opportunity

      Gas station and land for sale in West Memphis, Arkansas.
      700 N Service Rd, West Memphis, AR 72301
      View Details
    • $325,000
      1,612 SF

      West Memphis Former Gas Station

      Former gas station on 0.5 acres in West Memphis, AR.
      1322 E Broadway St, West Memphis, AR 72301
      View Details
    • $1,900,000
      19,663 SF

      West Memphis Medical Portfolio

      Medical Office Portfolio | 8.40% CAP | 19,663 SqFt
      318 Rhodes St, West Memphis, AR 72301
      View Details
    • Contact for pricing
      71,013 SF

      West Memphis Hotel Investment

      Dual-branded hotel, 143 keys, opening soon.
      1599 6Th St, West Memphis, AR 72301
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land Near Southland Casino
    Where is this land located?
    The property is located at 2305 Service Rd West Memphis, AR.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: $399,000 asking price.; Ground lease considered.; Commercially zoned.
    (901) 866-1101 Call to check price and availability
    Request Owner's contact information
    2305 Service Rd West Memphis, AR 72301
    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.
    2305 Service Rd
    West Memphis, AR 72301
    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
    2305 Service Rd West Memphis, AR 72301
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Frank Dyer Iii
    Frank Dyer Iii
    Real Estate License ID: 1234567
    (901) 866-1101 (901) 761-3333
    Learn more
    Google sign-in failed. Please try again or use another login method.