Meadows Bay Ln North Little Rock, AR 72117
This exceptional 88-acre parcel in North Little Rock, Arkansas, presents a remarkable opportunity for residential or multifamily development. Zoned R-2, the property boasts existing utilities, a significant advantage stemming from its proximity to the Rausch Coleman residential development. Its strategic location places it just south of recently constructed Amazon, Lowe's, and Dollar General distribution centers, indicating a thriving and expanding commercial sector. Further development is planned for the immediate area, including a new Baptist Health facility at East Broadway and England Road/Highway 165. The property's accessibility is further enhanced by improvements to Faulkner Lake Road, which has been elevated to mitigate past flooding issues and ensure seamless connectivity to I-440. With England Road boasting a high traffic count of 17,000 vehicles per day, this location offers exceptional visibility and convenient access for residents. The asking price for this expansive tract is $3,833,280. This represents a compelling investment opportunity in a rapidly growing area of North Little Rock, Arkansas, zip code 72117. The property's size and strategic location make it ideally suited for a large-scale residential or multifamily project.
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
Similar Nearby for Sale
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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.