Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail/Office Space in Argenta District Title is generated by Realmo AI

    317 Main St, North Little Rock, AR 72114

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Open layout in a walkable, historic arts district.

    Type:Retail, Office
    Added:
    Oct 1, 2018
    Days on Market:
    2780
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 317 Main St

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1912

    Spaces For Lease

    at 317 Main St Contact us

    Suite 317 C $15 /Mo

    Size
    2,705 SF
    Type
    Retail, Office
    Retail/Office property that features an open layout consisting of a conference room,...
    show more
    Contact us

    We can help!

    Listing Contact
    Fletcher Hanson
    Fletcher Hanson

    Listing agent Fletcher Hanson License #PB00042821-D02

    Listing office ​Moses Tucker Partners

    Listing date Oct 1, 2018

    Source Crexi

    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 ​Moses Tucker Partners

    HighLights

    • Located in the heart of North Little Rock’s Argenta Arts District, a walkable historic district with restaurants, retail, art, theatres, and residential spaces.
    • Eligible for Federal Tax Incentives due to Opportunity Zone location.
    • Features an open layout with a conference room, kitchen/break area, and 1 private office.
    • Close proximity to Simmons Bank Arena, Dickey Stephens Park, Argenta Community Theater, Argenta Branch Library, Argenta Innovation Center and the Arkansas River Trail.
    • Free public parking available along Main Street and nearby cross streets.
    • Built in 1912.

    Overview

    This retail/office property features an open layout that includes a conference room, a kitchen/break area, and one private office. It is situated in the heart of North Little Rock’s Argenta Arts District, a historic area known for its restaurants, retail shops, art venues, theaters, outdoor spaces, and residential options, all within a walkable neighborhood. The property's location within an Opportunity Zone makes it eligible for Federal Tax Incentives. It is located within a few blocks of Simmons Bank Arena, Dickey Stephens Park, Argenta Community Theater, Argenta Branch Library, Argenta Innovation Center, and the Arkansas River Trail. Free public parking is available along Main Street and on nearby cross streets, with additional surface parking in the surrounding blocks.
    Location Intelligence

    Current Use by Public Records

    Argenta United Methodist ... Church Bang-Up Betty (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.270376
    Latitude
    34.745905

    Nearby Similar for Lease

    • $440/Mo

      North Little Rock Executive Office

      Private, secure office suites available for lease in North Little
      4801 NorthShore Office 111 Drive, North Little Rock, AR 72118
      View Details
    • $800/Mo

      North Little Rock Executive Office

      Private, secure office suites available for lease in North Little Rock.
      4801 NorthShore Office 116 Drive, North Little Rock, AR 72118
      View Details
    • $4,700/Mo

      Functional Warehouse Space For Lease

      11,000± SF warehouse space in North Little Rock, AR.
      200 N Cedar Street, North Little Rock, AR 72114
      View Details
    • $5,400/Mo

      North Little Rock Flex Space

      Versatile industrial space with convenient access to major transportation routes.
      2222 E Broadway Street, North Little Rock, AR 72114
      View Details
    • $800/Mo

      North Little Rock Executive Office

      Private, secure office suites with utilities included and 24/7 access.
      4801 NorthShore Office 118 Drive, North Little Rock, AR 72118
      View Details
    • $350/Mo

      North Little Rock Executive Suites

      Private office suites for rent in North Little Rock.
      4801 NorthShore Office 202 Drive, North Little Rock, AR 72118
      View Details
    • $5,900/Mo

      Industrial Property with Highway Exposure

      2.83-acre industrial parcel for lease in North Little Rock.
      13300 Long Fisher, North Little Rock, AR 72113
      View Details
    • Contact for pricing

      Industrial Building on 2.22 Acres

      44,864 SF industrial building for sale or lease.
      4500 Rixie Road, North Little Rock, AR 72117
      View Details
    • $3,750/Mo

      North Little Rock Flex Space

      6,300 SF flex space with customization potential for lease.
      2222 E Broadway Street, North Little Rock, AR 72114
      View Details
    • $1,600/Mo

      North Little Rock Office Space

      Office suite with views, amenities, and highway access.
      4801 N Hills Blvd , North Little Rock, AR
      View Details
    • Contact for pricing

      Main Street Retail Space Available

      Prime retail space in Argenta Arts District with high visibility.
      321 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      Freestanding Commercial Property in North Little Rock

      8,400 SF property with high visibility and flexible layout.
      5609 MacArthur Drive, North Little Rock, AR 72118
      View Details

    FAQs

    What type of property is this?
    Retail space - Open layout in a walkable, historic arts district.
    Where is this retail space located?
    The property is located at 317 Main St North Little Rock, AR.
    What are key features of this property?
    This property features: Located in the heart of North Little Rock’s Argenta Arts District, a walkable historic district with restaurants, retail, art, theatres, and residential spaces.; Eligible for Federal Tax Incentives due to Opportunity Zone location.; Features an open layout with a conference room, kitchen/break area, and 1 private office.
    (501) 376-6555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Fletcher Hanson
    Fletcher Hanson
    Real Estate License ID: PB00042821-D02
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    317 Main St, North Little Rock, AR 72114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!