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

    1500 Macon Dr Little Rock, AR 72211

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    Retail and office spaces for lease in Little Rock.

    Property size:
    27,812 SF
    Lot size:
    27,812 SF

    Property Features for 1500 Macon Dr

    General Information

    Size
    27,812 SF

    We can help!

    Listing Contact
    Drew Laning
    Source: Kelleycommercialpartners

    Listing Agent: Drew Laning

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

    Learn more

    Overview

    Retail and Office Space Available

    Spaces ranging from approximately 864 to 1,900 square feet are available for lease at rates between $10.00 and $12.00 per square foot, NNN. The property is situated in the Rodney Parham/Market Place District, specifically in the heart of Pleasant Valley and the West Village District, a primary retail destination in Little Rock. The established retail shopping center comprises four buildings, totaling approximately 27,812 square feet. Its location offers convenient access to I-430 and I-630. The center features a strong mix of co-tenants, including restaurants, salons, various businesses, and a fitness center. The zoning is C-3.
    Location Intelligence

    Current Use by Public Records

    Shelter Insurance - Richard ... Insurance Agency Move Well Together, ... Gym DR Locksmith AR Locksmith Gmz studio Beauty Salon Elite After School ... Education Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.401333
    Latitude
    34.766757

    Nearby Similar for Lease

    • $2,200 /Mo
      1,000 SF

      Historic Tuf Nut Lofts Space

      Downtown Little Rock creative space in historic Tuf Nut Lofts.
      300 River Market Ave, Little Rock, AR 72201
      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
    • $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
    • $950 /Mo
      800 SF

      Renovated Retail Space For Lease

      Recently renovated retail space with high traffic count available for lease.
      9107 Rodney Parham Rd, Little Rock, AR 72205
      View Details
    • $14 SF/Yr
      21,007 SF

      Prime Retail Space Available

      Rare inline space in West Little Rock's best real estate.
      16105 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • $990,000
      7,644 SF

      Free-Standing Building on University Avenue

      7,644 SF building suitable for commercial, office, or showroom.
      825 N University Ave, Little Rock, AR 72205
      View Details
    • $22 SF/Yr
      8,353 SF

      Restaurant Space with Drive-Thru

      800 SF restaurant space with drive-thru on Shackelford Rd.
      240 S Shackelford, Little Rock, AR 72211
      View Details
    • $22 SF/Yr
      52,386 SF

      Retail Space on Cantrell Road

      Prime retail space in Little Rock's Westgate Center.
      6815 Cantrell Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Park Plaza

      Prime retail space in Little Rock's Park Plaza Mall.
      6000 W Markham St, Little Rock, AR 72205
      View Details
    • Contact for pricing
      740,000 SF

      Downtown Little Rock Office Space

      Office spaces available in Little Rock's Central Business District.
      425 W Capitol Ave, Little Rock, AR 72201
      View Details
    • $450 /Mo
      740,000 SF

      Premier Office Space in Little Rock

      Full-service, flexible office leases in Little Rock's Central Business District.
      425 W Capitol Ave, Little Rock, AR 72201
      View Details
    • $1,555,000
      20,902 SF

      Versatile Flex Space in Little Rock

      20,902 SF flex space with parking and warehouse.
      920 S Spring St, Little Rock, AR 72201
      View Details

    FAQs

    What type of property is this?
    Office space - Retail and office spaces for lease in Little Rock.
    Where is this office space located?
    The property is located at 1500 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 in Little Rock.; - Strong co-tenant mix including restaurants, salons, various businesses, and a fitness center.; - Established retail shopping center totaling ±27,812 SF.
    (501) 244-7527
    Request Owner's contact information
    1500 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.
    1500 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
    1500 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!
    Listing Contact
    Drew Laning
    (501) 244-7527
    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.