Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3503 Ar-161 North Little Rock, AR 72117

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3503 Ar-161 North Little Rock, AR 72117

    View on Map
    • Land
    • 2.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3503 Ar-161

    Lot size
    2.19 lot acres
    Property type
    Land

    Description

    This exceptional 2.19-acre commercial land parcel presents a remarkable opportunity for industrial development. Strategically located just off Interstate I-40 at exit 157 in North Little Rock, Arkansas, this property boasts unparalleled accessibility. The site enjoys convenient access to both I-40 and McCain Boulevard, featuring four traffic lanes (two northbound and two southbound) for efficient transportation. With 315 feet of frontage on Highway 161, the property offers excellent visibility and convenient access. The land is completely cleared and level, ready for immediate development. It is zoned I-1 and benefits from readily available city utilities, including water, sewer, and gas. This location is surrounded by established industrial businesses, including BJ Hunt Transport Services, Core & Main, D3 Technical Services, and McCain Storage, which features hundreds of units. The asking price is $275,000, translating to $130,952 per acre. This represents a compelling investment opportunity in a thriving industrial area. The property's address is 3503 AR-161, North Little Rock, AR 72117, Pulaski County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2038
    Latitude
    34.7856

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      Us-70

      Land • 10.00 Acres
      0 Us-70, North Little Rock, AR 72117
      View Details
    • Value Estimation by Request
      15.00 Acres

      Richards Rd

      Land • 15.00 Acres
      0 Richards Rd, North Little Rock, AR 72117
      View Details
    • Value Estimation by Request
      4.59 Acres

      815 Judi Ln

      Land • 4.59 Acres
      815 Judi Ln, North Little Rock, AR 72117
      View Details
    • Value Estimation by Request
      24.47 Acres

      Baucum Industrial Dr

      Land • 24.47 Acres
      0 Baucum Industrial Dr, North Little Rock, AR 72117
      View Details
    • Value Estimation by Request
      12.21 Acres

      2401 Ar-161

      Land • 12.21 Acres
      2401 Ar-161, North Little Rock, AR 72117
      View Details
    • Value Estimation by Request
      7.00 Acres

      Industry Dr

      Land • 7.00 Acres
      0 Industry Dr, North Little Rock, AR 72117
      View Details

    Similar Nearby for Sale

    • $8,820,000
      294.00 Acres

      294 Acre Lot on Hwy

      Large lot available on Hwy 165 in North Little Rock.
      294 Ac Hwy 165, North Little Rock, AR 72117
      View Details
    • $1,635,000
      109.00 Acres

      Land with Lake in North

      109 acre lot featuring a lake in North Little Rock.
      109 Ac Colonel Maynard Rd, North Little Rock, AR 72117
      View Details
    • $295,000
      3.97 Acres

      North Little Rock Industrial Land

      ±3.97 Acres, I-2 Zoning, Prime Location
      0 Industrial Dr, North Little Rock, AR 72117
      View Details
    • $4,545,000
      303.00 Acres

      303 Acres on Colonel Maynard

      Land available on Colonel Maynard Road in North Little Rock.
      303 Ac Colonel Maynard Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Land For Sale

      One acre of land available for purchase.
      43rd And Richards Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      24.47 Acres of Land

      24.47 acres of land available for sale.
      Baucum Industrial Dr, North Little Rock, AR 72117
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      21 Acres of Land Available

      21 acres of land off I-40 with high visibility.
      326 Mid State Truck Plz North Little Rock AR 72117, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Land Available For Lease

      0.18 acre land for lease with high traffic count.
      W 47Th St, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Land Available Off US Highway

      2.5 acres of commercial land for rent with high visibility.
      3500 Landers Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Secured Industrial Yard Space

      Industrial yard for fleet, trailer, or laydown use.
      1220 Baucum Industrial Dr, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Landers Road Commercial Land Opportunity

      2.5 acre lot suitable for medical, retail, or office.
      3480 Landers Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Highway 165 Commercial Land

      Commercial land with high visibility, ideal for various uses.
      11100 Highway 165, North Little Rock, AR 72117
      View Details
    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.
    3503 Ar-161
    North Little Rock, AR 72117
    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

    3503 Ar-161, North Little Rock, AR, 72117

    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!