Warehouse with Fully Fenced Laydown
232 Glenview Ln, North Little Rock, AR 72117
For Sale
Contact for pricing
Warehouse with a fully fenced laydown yard and flexible industrial/commercial setup with short-term lease remaining.
Property Size8,000 SF
Price / SF$162.25
Days on Market177
Property Features for 232 Glenview Ln
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Listing Agency:
Sperry Van Ness/ArkBest Realty, Inc.
Listed By:
Nathan Hutchins · License AR PB00063530
(501) 912-3660
Source:
Moodyscre
Added: May 18
Changed: Nov 9
Last Checked: Nov 10 at 6:32AM
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 Sperry Van Ness/ArkBest Realty, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes a fully fenced laydown yard and a versatile industrial/commercial configuration suited for contractors, service companies, storage, distribution, or light industrial operations. The existing lease structure provides approximately two years remaining on the main buildings and one year remaining on the lot lease, with the ability to vacate if needed for future occupancy, expansion, or redevelopment. An additional frontage lot is also included, supporting flexible site planning.
232 Glenview Ln is positioned for convenient regional access with quick connectivity to I-40, I-440, and Hwy 67/167. The location supports logistics-oriented users with proximity to the Little Rock Port, major logistics hubs, downtown Little Rock, and Clinton National Airport.
The property’s functional layout, fenced outdoor storage, and site flexibility make it well-suited to an owner-occupant who may want the option to occupy the space while retaining the ability to manage near-term lease income.
232 Glenview Ln is positioned for convenient regional access with quick connectivity to I-40, I-440, and Hwy 67/167. The location supports logistics-oriented users with proximity to the Little Rock Port, major logistics hubs, downtown Little Rock, and Clinton National Airport.
The property’s functional layout, fenced outdoor storage, and site flexibility make it well-suited to an owner-occupant who may want the option to occupy the space while retaining the ability to manage near-term lease income.
Key Highlights
- Fully fenced laydown yard for secure outdoor storage
- Approximately two years remaining on the main buildings lease
- Approximately one year remaining on the lot lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,703
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
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
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 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
Industrial
$502.4K
$439.6K – $586.1K
NOI $35,167 @ 7.0% cap · market cap 2.71%
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.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road 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
$125,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in North Little Rock, AR
Properties on Market for Warehouses in North Little Rock
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with a fully fenced laydown yard and flexible industrial/commercial setup with short-term lease remaining.
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: Fully fenced laydown yard for secure outdoor storage; Approximately two years remaining on the main buildings lease; Approximately one year remaining on the lot lease
