Add Listing
    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

    2820 Lakewood Village Dr North Little Rock, AR 72116

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

    New construction retail spaces available in North Little Rock.

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Grayson Chilton
    Grayson Chilton
    Source: Ashleygroupproperties

    Listing Agency: Ashley Group Commercial Real Estate Listing Agent: Grayson Chilton

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

    Learn more

    Overview

    New Construction Retail Strip Center

    This new construction strip center is located near the lighted intersection of McCain and Lakewood Village Drive in North Little Rock. Bay A is the easternmost end cap, suitable for a restaurant with patio capability. Bays B and C are inline spaces. Bay D is the westernmost end cap, suitable for a restaurant with mobile pickup capability.
    Location Intelligence

    Current Use by Public Records

    TGI Fridays Restaurant

    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.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.231743
    Latitude
    34.7958

    Nearby Similar for Lease

    • $800 /Mo
      256 SF

      North Little Rock Executive Office

      Private, secure office suites available for lease in North Little Rock.
      4801 Northshore Office 116 Dr, North Little Rock, AR 72118
      View Details
    • $6,500 /Mo
      11,400 SF

      North Little Rock Industrial Property

      Versatile industrial property with office and warehouse space for lease.
      3419 E Broadway St, North Little Rock, AR 72114
      View Details
    • $5,900 /Mo
      5,900 SF

      Industrial Property with Highway Exposure

      2.83-acre industrial parcel for lease in North Little Rock.
      13300 Long Fisher Rd, North Little Rock, AR 72113
      View Details
    • $4,700 /Mo
      11,000 SF

      Functional Warehouse Space For Lease

      11,000± SF warehouse space in North Little Rock, AR.
      200 N Cedar St, North Little Rock, AR 72114
      View Details
    • $800 /Mo
      420 SF

      North Little Rock Executive Office

      Private, secure office suites with utilities included and 24/7 access.
      4801 Northshore Office 118 Dr, North Little Rock, AR 72118
      View Details
    • $350 /Mo
      145 SF

      North Little Rock Executive Suites

      Private office suites for rent in North Little Rock.
      4801 Northshore Office 202 Dr, North Little Rock, AR 72118
      View Details
    • $1,096 /Mo
      1,012 SF

      Office Suite in Maumelle Corner

      Office suite with good visibility and easy parking access.
      301 Millwood Cir, Maumelle, AR 72113
      View Details
    • $5,400 /Mo
      11,300 SF

      North Little Rock Flex Space

      Versatile industrial space with convenient access to major transportation routes.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details
    • $3,750 /Mo
      6,300 SF

      North Little Rock Flex Space

      6,300 SF flex space with customization potential for lease.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      7,128 SF

      Maumelle Retail/Office Space Available

      Retail/office spaces available in a fast-growing Maumelle location.
      1020 Country Club Pkwy, Maumelle, AR 72113
      View Details
    • Contact for pricing
      27,721 SF

      Office Space in Springhill Corridor

      Shell office space available for rent in North Little Rock.
      4261 Stockton Dr, North Little Rock, AR 72117
      View Details
    • $12 SF/Yr
      1,100 SF

      Office Space with Client-Facing Potential

      1,100 SF office space ideal for client-facing businesses.
      9827 Maumelle Blvd, North Little Rock, AR 72113
      View Details

    FAQs

    What type of property is this?
    Strip mall - New construction retail spaces available in North Little Rock.
    Where is this strip mall located?
    The property is located at 2820 Lakewood Village Dr North Little Rock, AR.
    What are key features of this property?
    This property features: - New Construction Strip Center; - Located near the lighted intersection of McCain and Lakewood Village Drive; - Bay A: Eastern most end cap restaurant **with patio capability**
    (501) 326-7753
    Request Owner's contact information
    2820 Lakewood Village Dr North Little Rock, AR 72116
    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.
    2820 Lakewood Village Dr
    North Little Rock, AR 72116
    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
    2820 Lakewood Village Dr North Little Rock, AR 72116
    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
    Grayson Chilton
    Grayson Chilton
    (501) 326-7753 (501) 758-7745
    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!