Industrial Land with Fenced
232 Glenview Ln North Little Rock, AR 72117
For Sale
$1,298,000
Fully fenced laydown yard and additional frontage lot with an industrial/commercial lease structure in place.
Property Size8,000 SF
Price / SF$162.25
Days on Market71
Property Features for 232 Glenview Ln
General Information
- Standard status
- Active
- Size
- 8,000 SF
Listing Agency:
ArkBest Realty, Inc.
(501) 912-3660
Listed By:
Nathan Hutchins · License #EB00063530
(501) 912-3660
Source:
Exprealty
Added: May 14
Changed: Jul 22
Last Checked: Jul 22 at 10:52AM
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 ArkBest Realty, Inc.
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 For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.8k | $6.60 |
| − Vacancy | −$2.6k | −$0.32 |
| EGI | $50.2k | $6.28 |
| − OpEx | −$7.5k | −$0.94 |
| NOI | $42.7k | $5.34 |
8,000 SF · lease $6.60/SF/yr · vacancy 4.85% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AT&T Garage
Auto Repair Shop
FAQs
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 Ln 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
