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    Prime Retail Space Available Title is generated by Realmo AI

    16105 Chenal Pkwy, Little Rock, AR

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    Rare inline space in West Little Rock's best real estate.

    Type:RETAIL
    Property size:
    21,007 SF
    Lot size:
    17.45 Acres
    Added:
    May 6, 2025
    Days on Market:
    399
    Last Refresh:
    May 20 at 9:28 pm

    Property Features for 16105 Chenal Pkwy

    General Information

    Standard status
    Active
    Size
    21,007 SF
    Lot size
    17.45 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 16105 Chenal Pkwy Contact us

    We can help!

    Listing Contact
    Zac Qualls
    Zac Qualls

    Listing agent Zac Qualls

    Listing office Haag Brown Commercial

    Listing date May 6, 2025

    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 Haag Brown Commercial

    HighLights

    • Located in a high‑traffic retail hub with over 36,000 cars per day.
    • Adjacent to a top‑producing Kroger and the state's first Costco.
    • Surrounded by top‑performing restaurants and national retailers like HomeGoods, Apple Store, and Target.
    • Professionally managed property in West Little Rock's prime real estate area.
    • Available 21,007 SF inline space, formerly occupied by a national furniture franchise, plus an additional 4,692 SF bonus space.
    • Part of the Chenal Shopping Center, a 63,212 SF national tenant power center.

    Overview

    Located in West Little Rock, this retail space is situated within the Chenal Shopping Center, a 63,212 square-foot power center. The property benefits from its location in one of Arkansas’ fastest-growing corridors, near Chenal Valley and adjacent to a Kroger Marketplace. A new Costco is located across the street. The center is a focal point of retail traffic in Little Rock, a market of over 1 million people. The location benefits from traffic counts exceeding 36,000 cars per day. Neighboring businesses include Chuy’s, Starbucks, Tide Dry Cleaners, Arvest Bank, Westrock Orthodontics, and Dental Solutions. Retailers in the area include HomeGoods, Apple Store, Kohls, Home Depot, Target, Walmart, Whole Foods, and Academy Sports. The Promenade at Chenal, a high-end, open-air lifestyle center, is located just South of the site. The Chenal Shopping Center houses tenants such as Kroger Marketplace, Walk-On’s, 5 Below, and Marshalls. The available inline space, formerly occupied by Howse, measures 21,007 square feet, with an additional 4,692 square feet of bonus space located at the rear of the building. The property is professionally managed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Arkansas Fitness Gym & Fitness Center Starbucks Cafe & Coffee Shop Redbox Cinema Kroger Deli Food Market Five Below (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Quick-Tag — Walmart, 19301 Cantrell Rd, Little Rock, AR 72223

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4489
    Latitude
    34.7565

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    FAQs

    What type of property is this?
    Shopping center - Rare inline space in West Little Rock's best real estate.
    Where is this shopping center located?
    The property is located at 16105 Chenal Pkwy Little Rock, AR.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Located in a high‑traffic retail hub with over 36,000 cars per day.; Adjacent to a top‑producing Kroger and the state's first Costco.; Surrounded by top‑performing restaurants and national retailers like HomeGoods, Apple Store, and Target.
    (870) 336-8000 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Zac Qualls
    Zac Qualls
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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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