Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cabot, AR Future Development Site Title is generated by Realmo AI

    N Willie Ray Drive, Cabot, AR 72023

    View on Map
    Claim this Listing
    For Sale
    $3,575,000

    LAND - Cabot, AR

    Lot size:
    55.00 Acres
    Added:
    Jan 1, 2025
    Days on Market:
    506
    Last Refresh:
    May 22 at 6:06 am

    Property Features for N Willie Ray Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    55.00 Acres

    Taxes and HOA fees

    Tax Description
    001-09111-001
    Tax Annual Amount
    1000

    We can help!

    Listing Contact
    Joshua Cole
    Joshua Cole

    Listing agent Joshua Cole

    Listing office Venture Realty Group - Cabot 144 Professional Dr., Suite 3, Cabot, AR

    Listing date Jan 1, 2025

    MLS# 25000890 Listing URL

    Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime development opportunity bordering the City of Cabot's new sports complex and the Exit Ramp interchange area.
    • Large acreage: Approximately 55 acres suitable for significant development.
    • Road Frontage on both N. Willie Ray Drive and Ernie Davis.
    • Significant portion of the land is NOT in the flood plain.
    • Open to subdividing the property.
    • Mostly wooded land offering potential for aesthetic integration into development.

    Overview

    This approximately 55-acre site presents a future development opportunity with frontage on N. Willie Ray Drive and Ernie Davis. The land is mostly wooded, with a small portion located in Flood Plain X, while a significant portion is not within the flood plain. The property borders the City of Cabot land designated for the new sports complex and the exit ramp interchange area. The site is open to subdivision. An official survey is forthcoming.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.0448
    Latitude
    34.9793

    Nearby Similar for Sale

    • $660,000
      6,000 SF

      Commercial Building and Land in Cabot

      Commercial space with high visibility and accessibility in a growing community.
      109 Plaza Boulevard, Cabot, AR 72023
      View Details
    • $970,000
      6,324 SF

      Commercial Property in Cabot, AR

      Leased commercial property with development potential in Cabot, Arkansas.
      3290 S 2nd Street, Cabot, AR 72023
      View Details
    • $1,000,000
      278,000 SF

      Highway Frontage Land in Cabot

      6.3-acre commercial land with highway frontage outside Cabot city limits.
      4 W Main Street, Cabot, AR 72023-0000
      View Details
    • $509,000
      4,374 SF

      Cabot Duplex Investment Opportunity

      Two maintenance-free duplexes near schools, retail, and entertainment.
      57 Cardinal Lane, Cabot, AR 72023
      View Details
    • $725,000
      1,431 SF

      Turnkey Gas Station Convenience Store

      Gas station with convenience store setup in Cabot, Arkansas.
      815 S 2nd Street, Cabot, AR 72023
      View Details
    • $1,000,000
      595,863 SF

      Prime Commercial Land in Cabot

      Approximately 13-acre commercial land with high marketing potential.
      0 Willie Ray Drive, Cabot, AR 72023-0000
      View Details
    • $799,000
      8,720 SF

      Cabot Income-Producing Commercial Property

      Fully occupied commercial property with retail, office, and warehouse spaces.
      818 S Second Street, Cabot, AR 72023
      View Details
    • $1,000,000
      211,623 SF

      Highway Frontage Land in Cabot

      Unzoned 4.85-acre lot with utilities near Cabot city limits.
      7 W Main Street, Cabot, AR 72023-0000
      View Details
    • $1,100,000
      352,000 SF

      Highway Frontage Land in Cabot

      Unzoned 8-acre lot with highway frontage and city utilities.
      1 W Main Street, Cabot, AR 72023-0000
      View Details
    • $1,050,000
      327,000 SF

      Highway Frontage Land in Cabot

      Unzoned 7.5-acre lot with highway frontage and city utilities.
      2 W Main Street, Cabot, AR 72023-0000
      View Details
    • $1,050,000
      351,000 SF

      Unzoned Land Parcel in Cabot

      Approximately 8-acre lot with significant commercial potential near Cabot.
      3 W Main Street, Cabot, AR 72023-0000
      View Details
    • $499,000
      1,441 SF

      Cabot, AR Commercial Property

      Commercial property with highway frontage and potential for restaurant use.
      404 S Pine Street, Cabot, AR 72023
      View Details

    FAQs

    What type of property is this?
    Commercial land - Approximately 55 acres for future development in Cabot, Arkansas.
    Where is this commercial land located?
    The property is located at N Willie Ray Drive Cabot, AR.
    What is the asking price?
    The asking price for this property is $3,575,000.
    What are key features of this property?
    This property features: Prime development opportunity bordering the City of Cabot's new sports complex and the Exit Ramp interchange area.; Large acreage: Approximately 55 acres suitable for significant development.; Road Frontage on both N. Willie Ray Drive and Ernie Davis.
    (870) 307-8785
    We can help!
    Listing Contact
    Joshua Cole
    Joshua Cole
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    N Willie Ray Drive, Cabot, AR 72023-0000
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!