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    Northshore Cv North Little Rock, AR 72118

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    For Sale
    Contact for pricing

    Prime Office Lot, 1.21 Acres, AR

    Property Features for 0 Northshore Cv

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    52,708 SF

    We can help!

    Listing Contact
    Jeffrey Hathaway
    Jeffrey Hathaway

    Listing Agency: Hathaway Group Listing Agent: Jeffrey Hathaway

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.21-acre executive office lot is situated in the prestigious Northshore Business Park, Block 10 Lot 2, in North Little Rock, Arkansas (zip code 72118). Located at Northshore Cove, this property offers unparalleled convenience with easy freeway access and a central Arkansas location, making it easily accessible from throughout the region. The lot is flat and ready for immediate development, boasting existing street access and utilities, significantly reducing site development costs for buyers. The land price is reasonable and affordable, details of which are available upon request. This quality development is backed by a thorough bill of assurance, ensuring peace of mind for investors. The park itself features impressive surroundings, including coordinated signage and meticulously maintained common area landscaping. Lots range in size from one acre to over ten acres, providing flexibility for various development needs. Beyond the practical advantages, this location offers unmatched recreational opportunities, with proximity to the Arkansas River Trail, a golf driving range, the Big Dam Bridge, Burns Park, and more. The business park also benefits from a diverse mix of established businesses and services, creating a vibrant and supportive community. This is a rare opportunity to acquire a prime office lot in a thriving and desirable location. Contact us today to learn more about this exceptional property and its potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3430863
    Latitude
    34.7993572

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Lot, 1.21 Acres, AR
    Where is this office property / space located?
    The property is located at Northshore Cv North Little Rock, AR.
    What are key features of this property?
    This property features: $5.00 per square foot.; Excellent freeway access.; Convenient central Arkansas location.
    (501) 529-4969 Call to check price and availability
    Request Owner's contact information
    Northshore Cv North Little Rock, AR 72118
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    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
    Northshore Cv North Little Rock, AR 72118
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    Contact for Pricing
    Please call us for current price
    and status of this listing Jeffrey Hathaway
    Jeffrey Hathaway
    Real Estate License ID: PB00013515
    (501) 529-4969 (501) 978-4975
    Learn more
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