Property profile

0 Dv Pkwy & Chenal Pkwy Little Rock, AR 72223

OFF-MARKET
Land
47.1 ac lot
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Property summary

AI-generated overview

This exceptional 47.1-acre parcel presents a remarkable multifamily development opportunity in Little Rock, Arkansas. Located at the intersection of Divide Parkway and Chenal Parkway, this property boasts convenient access to major thoroughfares and is situated in a high-growth area of Pulaski County. The land is zoned MF-12 and MF-18, allowing for a variety of multi-family residential projects. Its strategic location offers close proximity to numerous amenities, including professional offices, educational institutions, and a Walmart Supercenter. Further enhancing its appeal, a nearby Dairy Queen recently achieved record-breaking sales, underscoring the area's strong commercial viability and high consumer traffic. The property features frontage on Divide Parkway West, with access to Divide Parkway East also available. The asking price is $5,642,109, translating to a land value of $2.75 per square foot. Drone footage showcasing the property's topography and surrounding area is available online. This is an unparalleled chance to capitalize on the robust growth and demand for residential housing in this thriving West Little Rock location. The zip code is 72223.

Property profile

Verified
Property type Land
Lot 47.1 ac (2,051,676 SF)

Cap rate & NOI

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

Location

Dv Pkwy & Chenal Pkwy Little Rock, AR 72223
Little Rock 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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