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    Renovated Retail Suites For Rent Title is generated by Realmo AI

    7501 Cantrell Rd, Little Rock, AR

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    Newly renovated retail suites in growing arts community.

    Type:RETAIL
    Property size:
    870 SF
    Lot size:
    5.46 Acres
    Added:
    Aug 20, 2024
    Days on Market:
    658
    Last Refresh:
    May 20 at 8:42 pm

    Property Features for 7501 Cantrell Rd

    General Information

    Standard status
    Active
    Size
    870 SF
    Lot size
    5.46 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 7501 Cantrell Rd Contact us

    We can help!

    Listing Contact
    Kaley Tucker
    Kaley Tucker

    Listing agent Kaley Tucker

    Listing office Kelley Commercial Partners - Little Rock

    Listing date Aug 20, 2024

    Source Moodyscre

    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 Kelley Commercial Partners - Little Rock

    HighLights

    • Newly renovated suites offer a modern and professional environment.
    • Ample free parking is available in a shared lot with Starbucks, providing convenience for tenants and clients.
    • Located behind the Tanglewood Shopping Center, offering easy access to various amenities.
    • Situated in a growing arts community, surrounded by numerous artists, stylists, and studios.
    • Certain suites are available with sink/plumbing, ideal for specific business needs.
    • Flexible lease terms to accommodate various business requirements.

    Overview

    Newly renovated suites are available for rent, situated behind the Tanglewood Shopping Center. The suites feature new LED lighting and access-controlled main entry. Certain suites are equipped with sinks and plumbing. Furnished suites are available upon request. The property is located within a growing arts community, with current cotenants on the ground level including artists, stylists, and studios. Ample free parking is provided in a shared lot with Starbucks. Flexible lease terms are offered. The location is on high-traffic Cantrell Road. The property size is 870 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Car's Cash For Junk ... Discount Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3569
    Latitude
    34.7703

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    FAQs

    What type of property is this?
    Retail space - Newly renovated retail suites in growing arts community.
    Where is this retail space located?
    The property is located at 7501 Cantrell Rd Little Rock, AR.
    What is the lease rate?
    The lease rate is $950 /Mo.
    What are key features of this property?
    This property features: Newly renovated suites offer a modern and professional environment.; Ample free parking is available in a shared lot with Starbucks, providing convenience for tenants and clients.; Located behind the Tanglewood Shopping Center, offering easy access to various amenities.
    (501) 244-7512 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kaley Tucker
    Kaley Tucker
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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.

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