Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    Hwy 321 & Kerr Sta Cabot, AR 72023

    • Land
    • 1.30 lot acres
    For Sale
    View listing
    $462,600
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Hwy 321 & Kerr Sta

    Lot size
    1.30 lot acres
    Property type
    Land

    Description

    This 1.3-acre commercial lot in Cabot, Arkansas, presents a unique investment opportunity. Located at the intersection of Highway 321 and Kerr Station Road, this C-2 zoned property boasts exceptional visibility and accessibility. With approximately 585 feet of frontage on Highway 321, the lot benefits from a combined daily traffic count of 30,000 vehicles. Its prime location is adjacent to a Casey's General Store and the Cabot Aquatic & Sports Center, ensuring high foot traffic. Further enhancing its value, a significant highway expansion project is underway, widening Highway 321 to five lanes and adding sidewalks directly along the property's frontage, promising a substantial increase in future traffic. City utilities are readily available. The land is priced at $462,600, or $8.17 per square foot. This corner lot offers excellent ingress and egress, making it ideal for a variety of commercial ventures. The property's strategic location within a growing community, coupled with the upcoming highway improvements, positions it for strong future appreciation. Don't miss this chance to acquire a highly visible and well-situated commercial parcel in a thriving Arkansas market. The zip code is 72023, and the property is located in Lonoke County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cabot
    County
    Lonoke
    State
    Arkansas
    Longitude
    -92.0205
    Latitude
    34.9394

    Comparable in this City

    • Value Estimation by Request
      12.10 Acres

      4081 1St St

      Land • 12.10 Acres
      4081 1St St, Cabot, AR 72023
      View Details
    • Value Estimation by Request
      9.84 Acres

      3060 Main St

      Land • 9.84 Acres
      3060 Main St, Cabot, AR 72023
      View Details
    • Value Estimation by Request
      3.67 Acres

      North St

      Land • 3.67 Acres
      0 North St, Cabot, AR 72023
      View Details
    • Value Estimation by Request
      1.02 Acres

      5 Ar-89

      Land • 1.02 Acres
      5 Ar-89, Cabot, AR 72023
      View Details
    • Value Estimation by Request
      8.70 Acres

      Locust St

      Land • 8.70 Acres
      0 Locust St, Cabot, AR 72023
      View Details
    • Value Estimation by Request
      2.96 Acres

      15800 Hwy 5 & Fulmer Rd

      Land • 2.96 Acres
      15800 Hwy 5 & Fulmer Rd, Cabot, AR 72023
      View Details

    Similar Nearby for Sale

    • $149,000
      3.60 Acres

      Cabot Commercial Land - $149K

      3.6-acre commercial lot, prime location.
      1240 2Nd St, Cabot, AR 72023
      View Details
    • $872,000
      2.00 Acres

      Cabot Commercial Land - 2 Acres

      Prime Cabot location, high traffic, C-2 zoning.
      0 Hwy 321, Cabot, AR 72023
      View Details
    • $2,250,000
      12.10 Acres

      Cabot Commercial Land - 12 Acres

      ±12 Acres, High-Traffic Location, Ready to Develop
      4081 1St St, Cabot, AR 72023
      View Details
    • $950,000
      25.98 Acres

      25.98 Acres off Highway 5

      25.98 acres of land with highway access in Cabot, AR.
      001-12163-000 Hwy 5, Cabot, AR 72023
      View Details
    • $90,000
      0.59 Acres

      Cabot Commercial Land - $90K

      High-traffic, level lot; ideal for office.
      0 Rockwood Dr, Cabot, AR 72023
      View Details
    • $390,000
      41.10 Acres

      40 Acres Prime Cabot Land

      40 acres of partially cleared land south of Cabot, Arkansas.
      4755 A- Ar Hwy 89 South, Cabot, AR 72023
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      88,000 SF

      Redevelopment Opportunity in Cabot, Arkansas

      Rare redevelopment opportunity in booming Cabot, Arkansas market.
      1 Kmart Plz, Cabot, AR 72023
      View Details
    • Contact for pricing

      Prime Commercial Outparcel on Hwy 5

      0.70 acre outparcel for ground lease or build-to-suit.
      15506 Arkansas 5, Cabot, AR 72023
      View Details
    • $90,800
      3,200 SF

      Commercial Lot on Main Street

      Prime commercial lot in high-growth area, ideal for various businesses.
      502 W Main St, Cabot, AR 72023
      View Details
    • $7,567 /Mo
      3,200 SF

      Retail Building in Growing Area

      3,200 SF retail building in Cabot, Arkansas for lease.
      502 W Main St, Cabot, AR 72023
      View Details
    • $13 SF/Yr
      20,000 SF

      Highway 5 Retail/Office Space

      Retail and office spaces available on Highway 5 in Cabot.
      15506 Highway 5, Cabot, AR 72023
      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.
    Hwy 321 & Kerr Sta
    Cabot, AR 72023
    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

    Google sign-in failed. Please try again or use another login method.