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    The Largest CRE Database in the US with Over 1 Million Listings

    1715 Main St North Little Rock, AR 72114

    Sponsored
    For Sale
    $270,000

    Mixed Use, Traditional - North Little Rock, AR

    Type:Mixed Use
    Property size:
    3,640 SF
    Lot size:
    0.18 Acres
    Days on Market:
    112
    Last Refresh:
    Feb 12 at 1:06 pm

    Property Features for 1715 Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Security features
    Security System
    Parking
    1
    Interior features
    Insulated Windows, Public Restrooms, Smoke Detector, Furnished, Kitchen Area, Living Area, Ceiling Fans, Phone System, Security System, Water Efficient
    Exterior features
    Partially Fenced, Storage Building
    Fencing
    Fenced, Partial
    Size
    3,640 SF
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Phone Available, Water Available
    Cooling system
    Central Air, Electric, Gas (Cooling)

    Building Details

    Year built
    1960
    Floors in Building
    1
    Flooring type
    Wood
    Building materials
    Brick
    Roof type
    Shingle
    Architectural style
    New Traditional
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Irma Wilkerson

    Capital Real Estate Advisors (501) 420-4097

    Listing agent Irma Wilkerson (501) 420-4097

    Listing date Oct 24, 2025

    MLS# 25042669 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    North Little Rock Catering Venue

    Located on Main Street in North Little Rock, minutes from the Argenta District, this in-house catering venue is suited for hosting on-site banquets and managing off-site catering events. The 3,640 square foot property, situated on a 0.18-acre lot, includes two banquet rooms and one private office. The fully equipped commercial kitchen features a commercial oven, a walk-in cooler, a 25-count food warmer, and prep tables. A dedicated dishwashing room includes a commercial dishwasher and multiple sinks. An oversized attached garage provides storage for catering supplies and smallwares, as well as housing a delivery van. The property is located in Pulaski County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Forever Yours Catering Take-out & Catering

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.267486
    Latitude
    34.770898

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    FAQs

    What type of property is this?
    Commercial kitchen - Catering venue with banquet rooms and commercial kitchen for sale.
    Where is this commercial kitchen located?
    The property is located at 1715 Main St North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: - Prime location on Main Street in North Little Rock, near the Argenta District.; - Equipped commercial kitchen featuring a commercial oven, walk-in cooler, food warmer, and prep tables.; - Two banquet rooms suitable for on-site events.
    (501) 351-1735
    Request Owner's contact information
    1715 Main St North Little Rock, AR 72114
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    North Little Rock, AR 72114
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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.

    More about this property
    1715 Main St North Little Rock, AR 72114
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    We can help!
    Listing Contact
    Irma Wilkerson
    (501) 351-1735
    Learn more
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