Climate-Controlled Self-Storage
For Sale
Contact for pricing
10315 Colonel Glenn Rd, Little Rock, AR 72204
Self-storage property with climate-controlled units, recent expansion, and ongoing local management.
Property Size45,305 SF
Price / SF$92.70
Days on Market84
Property Features for 10315 Colonel Glenn Rd
General Information
Standard status
Active
Size
45,305 SF
Total Parking Spaces
22
Property subtype
Self Storage
Occupancy
45%
Investment Type
Value Add
Net Operating Income
$115,315
Building Details
Year Built
2018
Year Renovated
2023
Buildings
4
Stories
1
Units
361
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Austin McLeod · License #394903
Source:
Crexi
Added: Jun 9
Changed: Aug 31
Last Checked: Aug 30 at 6:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This self-storage facility at 10315 Colonel Glenn Rd in Little Rock, Arkansas, contains 45,305 square feet and was originally built in 2018. The property was expanded in 2023, and 77% of the facility is climate-controlled. Current operations are handled by a local, family-owned management company.
The surrounding trade area includes more than 38,000 residents within 3 miles and over 137,000 residents within 5 miles. Residential projects totaling more than $110 million are in the pipeline within the 5-mile area. The facility is also near the AVAIO Digital Leo data center campus in Pulaski County, a $6 billion-plus project under construction with its first phase expected to be energized by June 2027.
The surrounding trade area includes more than 38,000 residents within 3 miles and over 137,000 residents within 5 miles. Residential projects totaling more than $110 million are in the pipeline within the 5-mile area. The facility is also near the AVAIO Digital Leo data center campus in Pulaski County, a $6 billion-plus project under construction with its first phase expected to be energized by June 2027.
Key Highlights
- 45,305‑square‑foot self‑storage facility in Little Rock, AR
- Originally constructed in 2018 and expanded in 2023
- 77% of the facility is climate‑controlled
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
$206,767
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
4.92%
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%
$4,135,340
$4.1M
Cap Rate 7%
$2,953,814
$3.0M
Cap Rate 9%
$2,297,411
$2.3M
Market Conditions
NOI Build-Up for 45,305 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
$255.5K $5.64/SF
− Vacancy
−$12.3K −$0.27/SF
EGI
$243.3K $5.37/SF
− OpEx
−$36.5K −$0.81/SF
NOI
$206.8K $4.56/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /SF/Yr
Expense Ratio
15.00%
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%
$4,135,340
Cap Rate 7%
$2,953,814
Cap Rate 9%
$2,297,411
Alternative Uses
Best Use
Self Storage
$5.87M
$5.14M – $6.85M
NOI $411,007 @ 7.0% cap · market cap 9.79%
Second Best
Warehouse
$2.95M
$2.58M – $3.45M
NOI $206,767 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$8.23M
$7.20M – $9.60M
NOI $576,110 @ 7.0% cap · market cap 13.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage property with climate-controlled units, recent expansion, and ongoing local management.
Where is this self storage facility located?
The property is located at 10315 Colonel Glenn Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 45,305‑square‑foot self‑storage facility in Little Rock, AR; Originally constructed in 2018 and expanded in 2023; 77% of the facility is climate‑controlled
