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    1873 El Johnson Rd Little Rock, MS 39337

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    1873 El Johnson Rd Little Rock, MS 39337

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    • Land
    • 34.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1873 El Johnson Rd

    Lot size
    34.30 lot acres
    Property type
    Land

    Description

    This exceptional 34.3-acre commercial land parcel presents a unique investment opportunity in Little Rock, Mississippi. Located at 1873 E L Johnson Road, Newton County, zip code 39337 (32.4713326, -88.9392997), this property boasts a picturesque setting with a stocked 5-acre lake and an adjacent smaller pond. The land is primarily wooded, offering a tranquil environment while maintaining excellent accessibility via existing roads and established trails throughout the property. The seller is open to subdividing the land into custom home sites, making it ideal for residential development or a mixed-use project. This presents a flexible option for developers seeking to create a unique community or capitalize on the natural beauty of the location. The property is listed at $140,000 and is conveniently located in Little Rock, MS. The possibility of purchasing an additional 5 acres and a 4000 square foot home (MLS#4067751) is also available, though sold separately. This expansive acreage offers significant potential for various commercial ventures, benefiting from its attractive natural features and convenient location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Newton
    State
    Mississippi
    Longitude
    -88.9393
    Latitude
    32.4713

    Comparable in this City

    • Value Estimation by Request
      646.00 Acres

      646 Acres In Newton County

      Agricultural land / Farmland • 646.00 Acres
      646 Acres In Newton County, Little Rock, MS 39337
      View Details
    • Value Estimation by Request
      1,558 SF

      Little Rock, MS 39337

      RETAIL STORES (PERSONAL SERVICES) • 1,558 SF
      Little Rock, MS 39337
      View Details
    • Value Estimation by Request
      2,719 SF

      Little Rock, MS 39337

      RETAIL STORES (PERSONAL SERVICES) • 2,719 SF
      Little Rock, MS 39337
      View Details
    • Value Estimation by Request
      9,114 SF

      Little Rock, MS 39337

      RETAIL STORES (PERSONAL SERVICES) • 9,114 SF
      Little Rock, MS 39337
      View Details
    • Value Estimation by Request
      1,022 SF

      Little Rock, MS 39337

      OFFICE BUILDING • 1,022 SF
      Little Rock, MS 39337
      View Details
    • Value Estimation by Request
      1,908 SF

      Little Rock, MS 39337

      RETAIL STORES (PERSONAL SERVICES) • 1,908 SF
      Little Rock, MS 39337
      View Details

    Similar Nearby for Sale

    • $440,000
      119.60 Acres

      Recreational Land with Stocked Lake

      119.6 acre recreational property with lake and cabin.
      Ms-494, Little Rock, MS 39337
      View Details
    • $492,000
      Pending

      Recreational Land with Timber Potential

      176.5 acres of recreational land with timber-investment potential.
      Greenland Rd, Little Rock, MS 39337
      View Details
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    1873 El Johnson Rd
    Little Rock, MS 39337
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    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
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