Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Cypress St North Little Rock, AR 72114

    • Commercial real estate
    • 10 SF
    • 0.96 lot acres
    For Sale
    View listing
    $495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0285849
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 505 Cypress St

    Year built
    1995
    Lot size
    0.96 lot acres
    Property size
    10 SF
    Property type
    Commercial real estate
    APN
    33N-300-00-129-00
    APU
    33N3000012900

    Description

    This exceptional 0.96-acre commercial land parcel presents a unique investment opportunity in North Little Rock, Arkansas. Strategically located at 505 Cypress Street, this property boasts unparalleled visibility due to its proximity to Interstate 30, a major thoroughfare with a remarkable 109,000 vehicles passing daily. The site's address is 505 Cypress St, North Little Rock, AR 72114, within the LR - North Little Rock submarket of Pulaski County. The land itself totals 41,691 square feet and is designated for single-tenant occupancy. This presents a blank canvas for developers seeking to capitalize on the high traffic volume and prime location. The property's accessibility and high visibility make it ideal for a variety of commercial uses, offering significant potential for return on investment. Given its size and location, this property is well-suited for businesses requiring high visibility and convenient access to major transportation routes. Serious inquiries are encouraged to explore the possibilities this exceptional land parcel offers. The property is zoned for commercial use (further zoning verification is recommended).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2632
    Latitude
    34.7585
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,997
    $38,998
    $20,839
    $59,837
    -
    $194,990
    $104,195
    $299,185

    Comparable in this City

    • Value Estimation by Request
      0.04 Acres

      305 Buckeye St

      COMMERCIAL (GENERAL) • 0.04 Acres
      305 Buckeye St, N Little Rock, AR 72114-5113
      View Details
    • Value Estimation by Request
      0.13 Acres

      214 Cedar St

      COMMERCIAL (GENERAL) • 0.13 Acres
      214 Cedar St, N Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      0.16 Acres

      115 12th St

      COMMERCIAL (GENERAL) • 0.16 Acres
      115 12th St, N Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      0.20 Acres

      1622 4th St

      COMMERCIAL (GENERAL) • 0.20 Acres
      1622 4th St, N Little Rock, AR 72114
      View Details
    • Value Estimation by Request

      1723 Magnolia St

      Manufacturing properties
      1723 Magnolia St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      5.50 Acres

      1920 Locust St

      Land • 5.50 Acres
      1920 Locust St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Sale

    • $1,600,000
      0.91 Acres

      North Little Rock Commercial Land

      Prime 0.91-acre lot, redevelopment potential.
      503 Olive St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      2.50 Acres

      North Little Rock Industrial Land

      2.5 Acres, Prime Development Site
      1300 5Th St, North Little Rock, AR 72114
      View Details
    • $78,333

      E. Broadway Commercial Land

      High-traffic, 18,750 sq ft lot.
      2402 Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      2.50 Acres

      North Little Rock Industrial Land

      2.5 Acres, Versatile Zoning, Prime Location
      0 5Th St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      0.07 Acres

      North Little Rock Industrial Land

      1.03-acre lot, prime industrial location.
      403 Vine St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      10,572 SF

      Prime North Little Rock Industrial

      10,572 SF Industrial Space, 4,356 SF Lot
      916 Broadway St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Lease

    • $4,700 /Mo
      11,000 SF

      Functional Warehouse Space For Lease

      11,000± SF warehouse space in North Little Rock, AR.
      200 N Cedar St, North Little Rock, AR 72114
      View Details
    • $4,300 /Mo
      2,575 SF

      North Little Rock Office Space

      Office space featuring an open work area and break area.
      301 N Main St, North Little Rock, AR 72114
      View Details
    • $1.50 SF/Yr
      108,000 SF

      North Little Rock Warehouse Space

      108,000 SF warehouse space available for lease.
      1650 E Washington Ave, North Little Rock, AR 72114
      View Details
    • $2 SF/Yr
      116,549 SF

      Plant 2 Warehouse: North Little Rock

      Historic Warehouse, Distribution Space Available
      605 10Th St, North Little Rock, AR 72114
      View Details
    • $22 SF/Yr
      1,197 SF

      Office Space For Rent

      Office space available for lease in North Little Rock.
      1 Riverfront Pl, North Little Rock, AR 72114
      View Details
    • $5 SF/Yr
      21,780 SF

      Renovated Warehouse with Multiple Doors

      Industrial warehouse featuring renovated office space and multiple loading doors.
      1309 N Hills Blvd, North Little Rock, AR 72114
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 Cypress St
    North Little Rock, AR 72114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.