C-1 Storefront
For Sale
$625,000
12223 Colonel Glenn Rd, Little Rock, AR 72210
Established commercial building at Colonel Glenn Road and Lawson Road, near I-430 and multiple retail and entertainment destinations.
Property Size3,000 SF
Price / SF$208.33
Days on Market10
Property Features for 12223 Colonel Glenn Rd
General Information
Standard status
Active
Size
3,000 SF
Zoning
C-1
Building Details
Year Built
1950
Listing Agency:
LPT Realty
(501) 425-2191
Listed By:
Shelly Hazelwood-Marr
Source:
Pcsingtolittlerock
Added: Aug 24
Changed: Aug 31
Last Checked: Sep 1 at 9:58PM
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 commercial property in Little Rock was constructed in 1950 and carries C-1 zoning. The building occupies the intersection of Colonel Glenn Road and Lawson Road, placing it less than 1/2 mile from I430.
The surrounding area includes car dealerships, restaurants, a movie theatre, Topgolf, and additional retail businesses. The combination of a storefront format, established construction date, commercial zoning, and proximity to these destinations creates a clearly defined retail setting.
The surrounding area includes car dealerships, restaurants, a movie theatre, Topgolf, and additional retail businesses. The combination of a storefront format, established construction date, commercial zoning, and proximity to these destinations creates a clearly defined retail setting.
Key Highlights
- C‑1‑zoned storefront property
- Located at the intersection of Colonel Glenn Road and Lawson Road
- Less than 1/2 mile from I430
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
Location Intelligence
Trade Area within ½ mile
170
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Established commercial building at Colonel Glenn Road and Lawson Road, near I-430 and multiple retail and entertainment destinations.
Where is this storefront property located?
The property is located at 12223 Colonel Glenn Rd 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‑zoned storefront property; Located at the intersection of Colonel Glenn Road and Lawson Road; Less than 1/2 mile from I430
