Storefront Property with Retail
For Sale
$1,500,000
12300 Chenal Pkwy, Little Rock, AR 72211
Existing retail frontage along Chenal Parkway, surrounded by established national retailers and strong daily vehicle activity.
Property Size4,600 SF
Days on Market192
Property Features for 12300 Chenal Pkwy
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Retail
Site & Location
Traffic Count
41,000 vehicles/day
Road Access
Yes
Building Details
Building Size
4,600 SF
Year Built
2000
Listing Agency:
CP Partners
Listed By:
John Andreini · License #CalDRE #01440360
(415) 274-2715
Source:
Cppcre
Added: Feb 25
Changed: Aug 31
Last Checked: Aug 31 at 1:15AM
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 CP Partners
Investment Insights
Based on property information with market context.
This storefront property at 12300 Chenal Pkwy was built in 2000 and is positioned along Chenal Parkway, a heavily traveled retail corridor in Little Rock. The site is identified for owner-user occupancy or potential redevelopment, providing two stated paths for future use.
The surrounding commercial corridor includes Walmart, Sam’s Club, Whole Foods, ALDI, Hobby Lobby, Best Buy, and Trader Joe’s. Traffic along the thoroughfare exceeds 41,000 vehicles per day, while the property sits within a Little Rock submarket with average household incomes of $117,000 within a 5-mile radius.
The surrounding commercial corridor includes Walmart, Sam’s Club, Whole Foods, ALDI, Hobby Lobby, Best Buy, and Trader Joe’s. Traffic along the thoroughfare exceeds 41,000 vehicles per day, while the property sits within a Little Rock submarket with average household incomes of $117,000 within a 5-mile radius.
Key Highlights
- Storefront property at 12300 Chenal Pkwy, Little Rock, AR 72211
- Built in 2000
- Located along a retail thoroughfare with 41,000+ VPD
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
$51,577
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
3.44%
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%
$1,031,540
$1.0M
Cap Rate 7%
$736,814
$736.8K
Cap Rate 9%
$573,078
$573.1K
Market Conditions
NOI Build-Up for 4,600 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
$78.4K $17.04/SF
− Vacancy
−$4.7K −$1.02/SF
EGI
$73.7K $16.02/SF
− OpEx
−$22.1K −$4.81/SF
NOI
$51.6K $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%
$1,031,540
Cap Rate 7%
$736,814
Cap Rate 9%
$573,078
Alternative Uses
Best Use
Retail
$736.8K
$644.7K – $859.6K
NOI $51,577 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.6K
$731.2K – $974.9K
NOI $58,495 @ 7.0% cap · market cap 3.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,114
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
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.
Similar Off Market Nearby
- Sam's Club Floral — 900 S Bowman Rd, Little Rock, AR 72211
Frequently Asked Questions
What type of property is this?
Storefront property - Existing retail frontage along Chenal Parkway, surrounded by established national retailers and strong daily vehicle activity.
Where is this storefront property located?
The property is located at 12300 Chenal Pkwy Little Rock, AR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Storefront property at 12300 Chenal Pkwy, Little Rock, AR 72211; Built in 2000; Located along a retail thoroughfare with 41,000+ VPD
