Property profile

AR Wallis Rd Cave Spg Cave Springs, AR 72718

OFF-MARKET
Land
2.74 ac lot
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Property summary

AI-generated overview

This exceptional opportunity presents several commercial land parcels totaling 2.74 to 20.58 acres, strategically located at the intersection of Highway 112 and N Wallis Road in Cave Springs, Arkansas. Priced at $2,807,006, these lots offer a compelling investment prospect with a land value of $8.95 per square foot. The property boasts high visibility due to its frontage on Highway 112, a major thoroughfare experiencing significant road improvements and widening, resulting in increased traffic volume exceeding 10,000 vehicles daily. This prime location benefits from its proximity to Osage Meadows, a planned residential development featuring 121 single-family homes, ensuring a robust customer base. Further enhancing its appeal, a roundabout is planned for the Highway 112 and Wallis Road intersection, improving traffic flow and accessibility. Sewer service is anticipated in 2024. The property is part of the Osage Meadows Planned Zoning District, allowing for a variety of commercial uses (specific permitted uses should be verified). APN numbers are 05-10274-000 and 05-10285-000. This is an ideal location for businesses seeking high visibility and strong growth potential in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 2.74 ac (119,354 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

AR Wallis Rd Cave Spg Cave Springs, AR 72718
Cave Springs metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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