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

    3480 Landers Rd North Little Rock, AR 72117

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2.5 acre lot suitable for medical, retail, or office.

    Lot size:
    2.50 Acres

    Property Features for 3480 Landers Rd

    General Information

    Lot size
    2.50 Acres

    We can help!

    Listing Contact
    Grayson Chilton
    Grayson Chilton
    Source: Moodyscre

    Listing Agent: Grayson Chilton

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Landers Road Commercial Land Opportunity

    This 2.5-acre commercial land parcel is located on Landers Road in North Little Rock. The property is situated in a shopping center alongside Furniture Row, David Burgers, Ortho Arkansas, and Concentra Medical. According to the listing, the lot is suitable for medical, retail, or office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OrthoArkansas Orthopedic Clinic D. Gordon Newbern, ... Orthopedic Surgeon Michael J. Weber, ... Orthopedic Surgeon Jenna Pardoe Physician Assistant Marty L. Siems, ... Orthopedic Surgeon

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -92.226521
    Latitude
    34.787067

    Nearby Similar for Lease

    • $6,500 /Mo
      11,400 SF

      North Little Rock Industrial Property

      Versatile industrial property with office and warehouse space for lease.
      3419 E Broadway St, North Little Rock, AR 72114
      View Details
    • $10,491 /Mo
      500 SF

      Office Space in Sherwood, AR

      Flexible office suites available for lease in Sherwood, Arkansas.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $800 /Mo
      420 SF

      North Little Rock Executive Office

      Private, secure office suites with utilities included and 24/7 access.
      4801 Northshore Office 118 Dr, North Little Rock, AR 72118
      View Details
    • $100 SF/Yr
      100 SF

      North Little Rock Executive Suites

      Private, secure office suites for rent in North Little Rock.
      4801 Northshore Office Cubicle Dr, North Little Rock, AR 72118
      View Details
    • $2,515 /Mo
      2,156 SF

      Office Suites Available for Lease

      Flexible office suites for lease, ranging from 327 to 12,391 sq ft.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $4,335 /Mo
      3,060 SF

      Office Suites in Sherwood, AR

      Flexible office suites available for lease in Sherwood, Arkansas.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $5,143 /Mo
      4,115 SF

      Sherwood Office Space For Lease

      Flexible office suites available, ranging from 327 to 12,391 square feet.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $350 /Mo
      145 SF

      North Little Rock Executive Suites

      Private office suites for rent in North Little Rock.
      4801 Northshore Office 202 Dr, North Little Rock, AR 72118
      View Details
    • $5,400 /Mo
      11,300 SF

      North Little Rock Flex Space

      Versatile industrial space with convenient access to major transportation routes.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details
    • $1,096 /Mo
      1,012 SF

      Office Suite in Maumelle Corner

      Office suite with good visibility and easy parking access.
      301 Millwood Cir, Maumelle, AR 72113
      View Details
    • $3,750 /Mo
      6,300 SF

      North Little Rock Flex Space

      6,300 SF flex space with customization potential for lease.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details
    • $3,339 /Mo
      2,109 SF

      Office Space in Sherwood, Arkansas

      Flexible office suites available for lease in Sherwood, Arkansas.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details

    FAQs

    What type of property is this?
    Land - 2.5 acre lot suitable for medical, retail, or office.
    Where is this land located?
    The property is located at 3480 Landers Rd North Little Rock, AR.
    What are key features of this property?
    This property features: - Prime location adjacent to Furniture Row and Ortho Arkansas on Landers Road.; - Suitable for medical, retail, or office use.; - Located within a shopping center with established businesses.
    (501) 326-7753
    Request Owner's contact information
    3480 Landers Rd North Little Rock, AR 72117
    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.
    3480 Landers Rd
    North Little Rock, AR 72117
    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
    3480 Landers Rd North Little Rock, AR 72117
    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

    We can help!
    Listing Contact
    Grayson Chilton
    Grayson Chilton
    (501) 326-7753
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.