Gas Station Property with 3 Storage
For Sale
$250,000
17500 Colonel Glenn Rd Highway, Little Rock, AR 72210
Commercial / Industrial, Little Rock, AR
Property Size1,728 SF
Lot Size2.74 Acres
Price / SF$144.68
Days on Market99
Property Features for 17500 Colonel Glenn Rd Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Directions
17500 Colonel Glenn Rd
Subdivision
PULASKI COUNTY WEST
Standard status
Active
APN
54R0140200102 and 54R014020010
Size
1,728 SF
Lot size
2.74 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
14-1N-14W and 14-1N-14W
Tax Annual Amount
2693
Legal Description
14-1N-14W and 14-1N-14W
Building Details
Year built
1974
Floors in Building
1
Listing Agency:
Resource Realty
(501) 214-8888
Listed By:
Della Wallace
(850) 400-2299
Added: May 18
Changed: Aug 24
Last Checked: Aug 24 at 3:06PM
MLS# 26020569
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Little Rock property includes a 1,728-square-foot former gas station building and three storage units across 2.74 acres. The improvements date to 1974, providing an existing commercial framework for redevelopment or continued property repositioning.
The site is located at 17500 Colonel Glenn Rd Highway in Little Rock, Arkansas, within Pulaski County. Its combination of an established building, storage facilities, and acreage presents a mixed improvement profile for commercial buyers evaluating the property.
The site is located at 17500 Colonel Glenn Rd Highway in Little Rock, Arkansas, within Pulaski County. Its combination of an established building, storage facilities, and acreage presents a mixed improvement profile for commercial buyers evaluating the property.
Key Highlights
- 2.74‑acre commercial property in Little Rock
- 1,728‑square‑foot former gas station building
- Three storage units included
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
$20,759
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
8.30%
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%
$415,180
$415.2K
Cap Rate 7%
$296,557
$296.6K
Cap Rate 9%
$230,656
$230.7K
Market Conditions
NOI Build-Up for 1,728 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
$29.4K $17.04/SF
− Vacancy
−$1.8K −$1.02/SF
EGI
$27.7K $16.02/SF
− OpEx
−$6.9K −$4.00/SF
NOI
$20.8K $12.01/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$415,180
Cap Rate 7%
$296,557
Cap Rate 9%
$230,656
Alternative Uses
Best Use
Specialty Retail
$296.6K
$259.5K – $346.0K
NOI $20,759 @ 7.0% cap · market cap 8.30%
Second Best
Retail
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$313.9K
$274.7K – $366.2K
NOI $21,974 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Former gas station parcel with supplemental storage units and a substantial commercial land component.
Where is this gas station located?
The property is located at 17500 Colonel Glenn Rd Highway Little Rock, AR.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2.74‑acre commercial property in Little Rock; 1,728‑square‑foot former gas station building; Three storage units included
