0 Dv Pkwy & Chenal Pkwy, Little Rock, AR 72223
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.