Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1506 Macon Dr Little Rock, AR 72211

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in established shopping center with strong co-tenants.

    Property size:
    1,264 SF
    Lot size:
    2.52 Acres

    Property Features for 1506 Macon Dr

    General Information

    Size
    1,264 SF
    Lot size
    2.52 Acres

    We can help!

    Listing Contact
    Drew Laning
    Drew Laning
    Source: Moodyscre

    Listing Agency: Kelley Commercial Partners - Little Rock Listing Agent: Drew Laning

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

    Learn more

    Overview

    Established Retail Shopping Center Space

    This established retail shopping center comprises four buildings, totaling approximately 27,812 square feet. It is situated in the Rodney Parham/Market Place District, offering a strong mix of co-tenants, including restaurants, salons, various businesses, and a fitness center. The property is located in the heart of Pleasant Valley and the West Village District, recognized as one of Little Rock’s premier retail destinations. Its location provides close proximity to I-430 and I-630. The available space is 1,264 square feet and the zoning is C-3.
    Location Intelligence

    Current Use by Public Records

    SHE, The Salon Hair Salon MinkedbyMye (Bike/Boat/Book/etc) Store Ray Visions Photography, ... Photography Service headspa@stilo Hair Salon Little Rock Repair ... Home Decor Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    perris plaza, Cutthroat Flyfishers, Market Street Plaza, Breckenridge Village, Green Mountain Plaza

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.401135
    Latitude
    34.766568

    Nearby Similar for Lease

    • $600 /Mo
      336 SF

      Office Space in Little Rock

      Conveniently located office space with easy access to major thoroughfares.
      204 Executive Ct, Little Rock, AR 72205
      View Details
    • $296,000
      7,600 SF

      West Little Rock Office Space

      7,600 SF available for lease in West Little Rock.
      1200 Rahling Rd, Little Rock, AR 72223
      View Details
    • $2,059 /Mo
      1,177 SF

      Office Space with Ample Parking

      Office space for lease with utilities and security included.
      204 Executive Ct, Little Rock, AR 72205
      View Details
    • $2,000 /Mo
      1,400 SF

      Versatile Commercial Space in Little Rock

      Commercial space suitable for fitness, retail, medical, or professional use.
      400 Bowman Rd, Little Rock, AR 72211
      View Details
    • $1,300 /Mo
      1,080 SF

      Renovated Retail Space For Lease

      Recently renovated retail space with high traffic count in Little Rock.
      9107 Rodney Parham Rd, Little Rock, AR 72205
      View Details
    • Sponsored
      Contact for pricing

      Regions Center

      Discover many ways to work your way in Regions Center
      400 Capitol Ave, Little Rock, AR 72201
      View Details
    • $600 /Mo
      140 SF

      Office Space For Lease

      Office space available in a convenient Little Rock location.
      11621 Rainwood Rd, Little Rock, AR 72212
      View Details
    • $8,900 /Mo
      6,600 SF

      Cantrell Road Commercial Space Available

      Commercial space for lease with high visibility on Cantrell Road.
      7310 Cantrell Rd Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing

      Medical Office Building For Rent

      12,891 SF medical office in West Little Rock medical corridor.
      8908 Kanis Rd, Little Rock, AR 72205
      View Details
    • $12 SF/Yr

      Ashley Square Retail Space Available

      Retail space for lease in Ashley Square Shopping Center.
      9100-9120 Rodney Parham Rd, Little Rock, AR 72205
      View Details
    • Contact for pricing

      Retail Space Next to ALDI

      14,850 SF retail space near major retailers.
      12309 Chenal Pkwy, Little Rock, AR 72211
      View Details
    • $22 SF/Yr

      Retail Space on Cantrell Road

      Prime retail space in Little Rock's Westgate Center.
      6815 Cantrell Rd, Little Rock, AR 72207
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in established shopping center with strong co-tenants.
    Where is this shopping center located?
    The property is located at 1506 Macon Dr Little Rock, AR.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of Pleasant Valley and the West Village District, a premier retail destination.; - Strong co-tenant mix including restaurants, salons, various businesses, and a fitness center.; - Established retail shopping center totaling ±27,812 SF.
    (501) 244-7527 Call to check price and availability
    Request Owner's contact information
    1506 Macon Dr Little Rock, AR 72211
    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.
    1506 Macon Dr
    Little Rock, AR 72211
    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
    1506 Macon Dr Little Rock, AR 72211
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Drew Laning
    Drew Laning
    Real Estate License ID: SA00080903
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!