C-1 Zoned Storefront
For Sale
$625,000
12223 Colonel Glenn Road, Little Rock, AR 72210
Established storefront property near I430, surrounded by retail, dining, automotive, and entertainment destinations.
Property Size3,000 SF
Days on Market13
Property Features for 12223 Colonel Glenn Road
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
1
Property subtype
Commercial
Zoning
C-1
Site & Location
Corner Location
Yes
Highway Access
Yes
Building Details
Building Size
3,000 SF
Year Built
1950
Stories
1
Listing Agency:
Lpt Realty
(501) 425-2191
Listed By:
Shelly Hazelwood-Marr
(501) 425-2191
Source:
Jcthornton
Added: Jul 30
Changed: Aug 7
Last Checked: Aug 11 at 2:16PM
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 Lpt Realty
Investment Insights
Based on property information with market context.
This storefront property was built in 1950 and is zoned C-1, providing a defined commercial asset for retail-oriented use. The property is situated at the intersection of Colonel Glenn Road and Lawson Road in Little Rock.
The surrounding area includes car dealerships, restaurants, a movie theatre, Topgolf, and other retailers. I430 is less than 1/2 mile away, connecting the property to a major regional roadway. Its established location places the storefront within a diverse commercial setting that includes retail, dining, automotive, and entertainment destinations.
The surrounding area includes car dealerships, restaurants, a movie theatre, Topgolf, and other retailers. I430 is less than 1/2 mile away, connecting the property to a major regional roadway. Its established location places the storefront within a diverse commercial setting that includes retail, dining, automotive, and entertainment destinations.
Key Highlights
- C‑1 zoning supports the property’s commercial storefront classification
- Built in 1950
- Located at the intersection of Colonel Glenn Road and Lawson Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,740
$672.7K
Cap Rate 7%
$480,529
$480.5K
Cap Rate 9%
$373,744
$373.7K
Market Conditions
NOI Build-Up for 3,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.1K $17.04/SF
− Vacancy
−$3.1K −$1.02/SF
EGI
$48.1K $16.02/SF
− OpEx
−$14.4K −$4.81/SF
NOI
$33.6K $11.21/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$672,740
Cap Rate 7%
$480,529
Cap Rate 9%
$373,744
Alternative Uses
Best Use
Retail
$480.5K
$420.5K – $560.6K
NOI $33,637 @ 7.0% cap · market cap 5.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$545.0K
$476.9K – $635.8K
NOI $38,149 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72210, AR
16,348
Population
6,876
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
94%
High-School Grad
49.5 sq mi
ZIP Area
330
Density / Sq Mi
$65,765
Median Household Income
$44,781
Median Earnings
$954
Median Rent
$227,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Established storefront property near I430, surrounded by retail, dining, automotive, and entertainment destinations.
Where is this storefront property located?
The property is located at 12223 Colonel Glenn Road Little Rock, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: C‑1 zoning supports the property’s commercial storefront classification; Built in 1950; Located at the intersection of Colonel Glenn Road and Lawson Road
