Industrial Land with Fenced
For Sale
$1,298,000
232 Glenview Lane, North Little Rock, AR 72117
Fully fenced laydown yard and additional frontage lot with an industrial/commercial lease structure in place.
Property Size8,000 SF
Days on Market84
Property Features for 232 Glenview Lane
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
8,000 SF
Listing Agency:
SVN | ArkBest Realty LLC
(501) 912-3660
Listed By:
Nathan Hutchins · License #AR #PB00063530
(501) 912-3660
Source:
Svn
Added: Jun 7
Changed: Aug 26
Last Checked: Aug 28 at 7:06AM
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 SVN | ArkBest Realty LLC
Investment Insights
Based on property information with market context.
The property includes a fully fenced laydown yard and an additional frontage lot, configured for flexible industrial and commercial use. Current lease structure includes approximately two years remaining on the main buildings and one year remaining on the lot lease, with potential for owner-occupant use if the building is needed and can be vacated.
232 Glenview Lane is located in the growing North Little Rock market and provides convenient access to I-40, I-440, and Hwy 67/167. The property is positioned near the Little Rock Port area, industrial and logistics hubs, and established commercial corridors, with straightforward connectivity to downtown Little Rock and Clinton National Airport.
As offered for sale, the site’s combination of fenced outdoor space and frontage lot supports a range of industrial operations within the existing leasing framework.
232 Glenview Lane is located in the growing North Little Rock market and provides convenient access to I-40, I-440, and Hwy 67/167. The property is positioned near the Little Rock Port area, industrial and logistics hubs, and established commercial corridors, with straightforward connectivity to downtown Little Rock and Clinton National Airport.
As offered for sale, the site’s combination of fenced outdoor space and frontage lot supports a range of industrial operations within the existing leasing framework.
Key Highlights
- Lease structure includes about two years remaining on the main buildings and about one year remaining on the lot lease
- Main building can potentially be vacated, allowing for potential owner‑occupant use if needed
- Fully fenced laydown yard
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
$42,703
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
3.29%
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%
$854,060
$854.1K
Cap Rate 7%
$610,043
$610.0K
Cap Rate 9%
$474,478
$474.5K
Market Conditions
NOI Build-Up for 8,000 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
$52.8K $6.60/SF
− Vacancy
−$2.6K −$0.32/SF
EGI
$50.2K $6.28/SF
− OpEx
−$7.5K −$0.94/SF
NOI
$42.7K $5.34/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
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%
$854,060
Cap Rate 7%
$610,043
Cap Rate 9%
$474,478
Alternative Uses
Best Use
Warehouse
$610.0K
$533.8K – $711.7K
NOI $42,703 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.53M
$1.34M – $1.78M
NOI $106,821 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72117, AR
13,730
Population
6,691
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
83%
High-School Grad
54.4 sq mi
ZIP Area
252
Density / Sq Mi
$41,670
Median Household Income
$31,903
Median Earnings
$1,125
Median Rent
$125,400
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?
Warehouse - Fully fenced laydown yard and additional frontage lot with an industrial/commercial lease structure in place.
Where is this warehouse located?
The property is located at 232 Glenview Lane North Little Rock, AR.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Lease structure includes about two years remaining on the main buildings and about one year remaining on the lot lease; Main building can potentially be vacated, allowing for potential owner‑occupant use if needed; Fully fenced laydown yard
