Property summary
This exceptional investment opportunity presents a 125-unit single-family rental portfolio situated on over 315 acres of land in Lonoke County, Arkansas, near Ward (zip code 72176). The portfolio boasts a current NOI of $672,000, translating to a 7.64% cap rate. However, with planned renovations nearing completion (projected occupancy date: October 15, 2024), a pro-forma NOI of $1,224,380 is anticipated, resulting in a significantly improved pro-forma cap rate of 13.91%. The property… features 175,000 square feet of living space, with units averaging 2.5 acres each, priced at $70,400 per unit. The land itself offers substantial value, with a price per acre of $27,940. Built in 1995 and renovated in 2024, the portfolio currently enjoys a 90% occupancy rate. The asking price is $8,800,000, representing a price per square foot of $50.29. The property's location in a growing market, coupled with the potential for further unit upgrades to achieve market rents of $1,250-$1,400, presents a compelling value-add proposition. The portfolio's current cash flow, combined with the significant land holdings and potential for future unit additions, makes this a truly unique land banking opportunity. Low taxes and insurance costs, along with tenants responsible for utilities and landscaping, further enhance the investment's attractiveness. A 1031 exchange is a possible sale condition.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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