Storefront Retail Building with Kitchen
For Sale
$625,000
12223 Colonel Glenn Road, Little Rock, AR 72210
Commercial / Industrial, Little Rock, AR
Property Size3,000 SF
Lot Size0.32 Acres
Price / SF$208.33
Days on Market47
Property Features for 12223 Colonel Glenn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
1
Interior features
Kitchen Area
Lot features
Corner Lot
Directions
From I430 exit at Colonel Glenn going west about 1/2 mile. Building will be on left at the corner of Colonel Glenn and Lawson.
Subdivision
Little Rock
Standard status
Active
Size
3,000 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
21-1N-13W
Tax Annual Amount
6923
Legal Description
21-1N-13W
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete
Listing Agency:
LPT Realty · RE/MAX International
(501) 291-3841
Listed By:
Shelly Hazelwood-Marr
(501) 425-2191
Added: Jul 30
Changed: Sep 3
Last Checked: Sep 14 at 10:06PM
MLS# 26031006
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,000-square-foot storefront retail property includes a kitchen area and concrete flooring. Constructed in 1950, the building is zoned C-1 and includes an HVAC unit installed in August 2026. The compact commercial site encompasses 0.32 acres.
The property occupies the intersection of Colonel Glenn Road and Lawson Road in Little Rock, with access to surrounding car dealerships, restaurants, a movie theatre, Topgolf, and other retailers. Interstate 430 is less than 1/2 mile away, providing a nearby connection to the broader area.
The property occupies the intersection of Colonel Glenn Road and Lawson Road in Little Rock, with access to surrounding car dealerships, restaurants, a movie theatre, Topgolf, and other retailers. Interstate 430 is less than 1/2 mile away, providing a nearby connection to the broader area.
Key Highlights
- 3,000‑square‑foot storefront retail property
- 0.32‑acre commercial site
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,740
$672.7K
Cap Rate 7%
$480,529
$480.5K
Cap Rate 9%
$373,744
$373.7K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.1K $17.04/SF
− Vacancy
−$3.1K −$1.02/SF
EGI
$48.1K $16.02/SF
− OpEx
−$14.4K −$4.81/SF
NOI
$33.6K $11.21/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,740
Cap Rate 7%
$480,529
Cap Rate 9%
$373,744
Alternative Uses
Best Use
Retail
$480.5K
$420.5K – $560.6K
NOI $33,637 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.0K
$476.9K – $635.8K
NOI $38,149 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72210, AR
16,348
Population
6,876
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
49.5 sq mi
ZIP Area
330
Density / Sq Mi
$65,765
Median Household Income
$44,781
Median Earnings
$954
Median Rent
$227,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - C-1-zoned commercial building positioned near established retail, dining, entertainment, and automotive destinations.
Where is this storefront property located?
The property is located at 12223 Colonel Glenn Road Little Rock, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,000‑square‑foot storefront retail property; 0.32‑acre commercial site; C‑1 zoning
