Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5004 Kavanaugh Blvd Little Rock, AR 72207

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Hillcrest location, 2,334 sq ft retail space.

    Property size:
    2,334 SF

    Property Features for 5004 Kavanaugh Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,334 SF
    Lot Size
    2,614 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    We can help!

    Listing Contact
    Fletcher Hanson
    Fletcher Hanson

    Listing Agent: Fletcher Hanson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 2,334 square foot retail storefront is ideally situated in Little Rock's vibrant Hillcrest/Heights district at 5004 Kavanaugh Boulevard. The single-story building sits on a 0.06-acre lot and offers a highly desirable location amongst numerous high-end retailers and popular restaurants, including Tulips, The Toggery, Steamroller Blues, Heights Taco & Tamale Co., George's, ZaZa, Boulevard Bread Co., and Cheers in the Heights. The property's convenient location provides easy access to major thoroughfares, with I-630 just 3.8 miles away and downtown Little Rock a short 4.5-mile drive. Adding to its appeal, the property is steps from the future location of The Buttered Biscuit, a popular Bentonville-based breakfast chain scheduled to open in late 2024. This presents a unique opportunity to own a thriving retail space in a high-traffic area with strong growth potential. The property consists of one building with one unit, offering 2,334 square feet of net rentable space. This is a remarkable opportunity for investors seeking a prime retail location in a thriving Arkansas market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Levinson Exclusive Cleaners (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.32968889591
    Latitude
    34.769109303601

    Nearby Similar for Sale

    • $519,000
      4,750 SF

      Multi-Building Commercial Property, Little Rock

      Three buildings on a large lot with commercial zoning.
      4919 Basline Rd, Little Rock, AR 72209
      View Details
    • $325,500
      3,169 SF

      Remodeled Office Building with Apartment

      Completely remodeled office building with apartment potential in Little Rock.
      813 W 3Rd St, Little Rock, AR 72201
      View Details
    • $225,000
      2,810 SF

      Little Rock Triplex Investment Opportunity

      Triplex in Little Rock with strong rental income potential.
      1921 Wright Ave, Little Rock, AR 72202
      View Details
    • $625,000
      2,918 SF

      Little Rock Estate on 12 Acres

      Private park-like estate with custom home in Little Rock.
      110 Shady Thicket Ln, Little Rock, AR 72204
      View Details
    • $295,000
      2,366 SF

      Modern Duplex in Little Rock

      Contemporary duplex, built 3 years ago, great investment opportunity.
      1021 S Woodrow St, Little Rock, AR 72204
      View Details
    • $943,000
      4,800 SF

      Downtown Studio Lofts Opportunity

      Seven studio lofts in historic Tuf Nut building.
      423 Units, Little Rock, AR 72201
      View Details
    • $325,000
      8,000 SF

      Commercial Building on Arch Street

      Commercial building with high traffic flow in Little Rock, AR.
      8819 Arch Street Pike, Little Rock, AR 72206
      View Details
    • $298,000
      2,016 SF

      Kingwood Duplex: Investor Opportunity

      Income-producing duplex in Little Rock's Kingwood neighborhood with long-term tenants.
      2219 Blackwood Rd, Little Rock, AR 72207
      View Details
    • $364,900
      3,000 SF

      Charming Fourplex in Little Rock

      Four-unit property near downtown and medical center, ideal for rentals.
      312 S Barton St, Little Rock, AR 72205
      View Details
    • Contact for pricing
      15,850 SF

      Versatile Mixed-Use Commercial Space

      Spacious Little Rock property with offices, warehouse, and interstate frontage.
      8023 Interstate 30, Little Rock, AR 72209
      View Details
    • $289,000
      3,332 SF

      Income Property in Little Rock

      Income-producing property with a strong rental history and full occupancy.
      11300 Arch Street Pike, Little Rock, AR 72206
      View Details
    • $199,000
      2,531 SF

      Victorian Triplex in Little Rock

      Triplex Victorian residence on a corner lot in Little Rock.
      1873 Cross St, Little Rock, AR 72206
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Hillcrest location, 2,334 sq ft retail space.
    Where is this individual retail property located?
    The property is located at 5004 Kavanaugh Blvd Little Rock, AR.
    What are key features of this property?
    This property features: 2,334 SF retail building for sale in Little Rock's Hillcrest/Heights district.; Located at 5004 Kavanaugh Boulevard on a 0.06-acre lot.; High-traffic area with nearby high-end retailers and restaurants.
    (501) 376-6555 Call to check price and availability
    Request Owner's contact information
    5004 Kavanaugh Blvd Little Rock, AR 72207
    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.
    5004 Kavanaugh Blvd
    Little Rock, AR 72207
    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
    5004 Kavanaugh Blvd Little Rock, AR 72207
    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

    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
    (501) 376-6555 (501) 952-4975 (501) 978-4333
    Learn more
    Google sign-in failed. Please try again or use another login method.