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    18719 Mac Arthur Dr North Little Rock, AR 72118
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    18719 Mac Arthur Dr North Little Rock, AR 72118

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    • Commercial real estate
    • 288 SF
    • 11.59 lot acres
    For Lease
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    Mac Arthur Drive Land Available For Lease
    Contact for pricing

    Mac Arthur Drive Land Available

    11.59 acres of land for lease on Mac Arthur Drive.

    18719 Mac Arthur Drive, North Little Rock, AR 72118
    View Listing
    Property ID
    US05-1380212
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 18719 Mac Arthur Dr

    Lot size
    11.59 lot acres
    Property size
    288 SF
    Property type
    Commercial real estate

    Description

    This exceptional 11.59-acre commercial land parcel presents a unique investment opportunity in the thriving LR - Maumelle Mayflower submarket of Pulaski County. Boasting a total land area of 521,335 square feet, this single-tenant property is ideally situated off MacArthur Drive, a high-traffic artery with 8,700 vehicles passing daily. The site's prominent location offers unparalleled visibility and accessibility, making it perfect for a variety of retail developments. The existing improvements consist of a 288 square foot building. This property is zoned for commercial use and presents significant potential for developers seeking a strategic location to capitalize on the area's robust growth and high consumer traffic. The expansive acreage allows for ample space for building construction, parking, and landscaping, ensuring a successful and impactful commercial venture. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is ready for immediate development, presenting a rare opportunity to establish a strong presence in a highly desirable location. This is a prime opportunity for businesses seeking high visibility and convenient access to a large customer base.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3753308
    Latitude
    34.886668

    Comparable in this City

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      Mac Arthur Drive Land Available

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      18719 Mac Arthur Dr, North Little Rock, AR 72118
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      Land Available on Camp Robinson

      Four acres of land available with high traffic volume.
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      MacArthur Drive Land Available

      11.59 acres of commercial land for rent.
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      5613 MacArthur Dr, North Little Rock, AR 72118

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      Versatile Space Available For Lease

      7,500 SF space suitable for office, retail, or industrial use.
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      7,000 SF

      North Little Rock Warehouse Space

      7,000 SF warehouse with easy interstate access.
      2112 W 38Th St, North Little Rock, AR 72118
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      North Little Rock Land For Sale

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      Mac Arthur Drive Land Available

      11.59 acres of land for lease on Mac Arthur Drive.
      18719 Mac Arthur Dr, North Little Rock, AR 72118
      View Details
    • Contact for pricing

      Land Available on Camp Robinson

      Four acres of land available with high traffic volume.
      4709 Camp Robinson Rd, North Little Rock, AR 72118
      View Details
    • Contact for pricing

      MacArthur Drive Land Available

      11.59 acres of commercial land for rent.
      18727 Mac Arthur Dr, North Little Rock, AR 72118
      View Details
    • Contact for pricing

      5613 MacArthur Dr, North Little Rock, AR 72118

      Retail space
      5613 Mac Arthur Dr, North Little Rock, AR 72118
      View Details
    • Contact for pricing

      Versatile Space Available For Lease

      7,500 SF space suitable for office, retail, or industrial use.
      3300 Pike Ave, North Little Rock, AR 72118
      View Details
    • Contact for pricing
      7,000 SF

      North Little Rock Warehouse Space

      7,000 SF warehouse with easy interstate access.
      2112 W 38Th St, North Little Rock, AR 72118
      View Details
    View Listing
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    North Little Rock, AR 72118
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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.

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