Add Listing
    For Lease
    • 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

    12309 Chenal Pkwy Little Rock, AR 72211

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic storefront, ample parking

    Lot size:
    24,092 SF

    Property Features for 12309 Chenal Pkwy

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,092 SF
    Class
    A
    Total Rate
    44168.67

    Building Details

    Year Built/Renovated
    1998/2018
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 12309 Chenal Pkwy, Little Rock, AR 72211 Contact us
    Unit 12305-Suite C

    $22 /Mo

    Size
    1,018 SF
    Contact us

    We can help!

    Listing Contact
    Jill Bryant
    Jill Bryant

    Listing Agency: West Group Listing Agent: Jill Bryant

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 24,092 square foot Class A retail or office space, located at 12305 Chenal Parkway, Suite C, in Pulaski County, presents a unique investment opportunity. Built in 1998 and extensively renovated in 2018, the single-story building boasts an 18-foot ceiling height and is zoned C3. Currently configured as a salon featuring luxury vinyl tile (LVT) flooring and fresh paint, the open layout offers remarkable flexibility for a variety of uses. The property benefits from a prime location on a high-traffic corridor of Chenal Parkway, ensuring exceptional visibility and accessibility. A significant advantage is the large storefront and pylon signage area, ideal for maximizing brand exposure. Ample on-site parking is readily available for customers and employees. This property enjoys a strong tenant mix, sharing the center with established businesses such as Aldi's Grocery, Metro Appliances & More, Guitar Center, Men's Wearhouse, Trek Bicycles, Medic Sleep Care, The Cove Coffee & Yogurt, and Hollywood Feed, with additional tenants anticipated soon. The property taxes are $1.95 per square foot. Electricity is the power source. There are no elevators. The cross street is Markham Street. This is a multi-tenant property with one suite totaling 24,092 contiguous square feet. This location offers an unparalleled opportunity to establish a thriving business within a vibrant and successful commercial center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Staples Print & Marketing ... (Bike/Boat/Book/etc) Store Aldi Specialty Food Shop UPS Alliance Shipping ... Courier Service Metro Appliances & More Home Appliance Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.414850592456
    Latitude
    34.752029116853

    Nearby Similar for Lease

    • $1,300 /Mo
      1,080 SF

      Renovated Retail Space For Lease

      Recently renovated retail space with high traffic count in Little Rock.
      9107 Rodney Parham Rd, Little Rock, AR 72205
      View Details
    • New
      $296,000
      7,600 SF

      West Little Rock Office Space

      7,600 SF available for lease in West Little Rock.
      1200 Rahling Rd, Little Rock, AR 72223
      View Details
    • $8,900 /Mo
      6,600 SF

      Cantrell Road Commercial Space Available

      Commercial space for lease with high visibility on Cantrell Road.
      7310 Cantrell Rd Rd, Little Rock, AR 72207
      View Details
    • Sponsored
      New
      Contact for pricing

      Regions Center

      Flexible workspace in Las Colinas MacArthur
      400 Capitol Ave, Little Rock, AR 72201
      View Details
    • $600 /Mo
      140 SF

      Office Space For Lease

      Office space available in a convenient Little Rock location.
      11621 Rainwood Rd, Little Rock, AR 72212
      View Details
    • $500 /Mo
      45,800 SF

      Renovated Retail/Office Space Available

      Retail and office space in Midtown Little Rock for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $450 /Mo
      740,000 SF

      Premier Office Space in Little Rock

      Full-service, flexible office leases in Little Rock's Central Business District.
      425 W Capitol Ave, Little Rock, AR 72201
      View Details
    • $1,010 /Mo
      14,646 SF

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $5 SF/Yr
      71,821 SF

      Office/Warehouse Space Near I-630

      Office and warehouse spaces available near Interstate 630.
      1601 Westpark Dr, Little Rock, AR 72204
      View Details
    • $13 SF/Yr
      15,000 SF

      Professional Office Space Available

      Office suites available in a convenient location near Hillcrest and Heights.
      1501 N Pierce St, Little Rock, AR 72207
      View Details
    • $6 SF/Yr
      20,000 SF

      Flex Warehouse with Office Space

      Flex/warehouse space with roll-up door and convenient I-630 access.
      1419 Westpark Dr, Little Rock, AR 72204
      View Details
    • $12 SF/Yr
      153,508 SF

      Retail Space at University Avenue

      Retail spaces available in renovated Little Rock shopping center.
      3901 S University Ave, Little Rock, AR 72204
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-traffic storefront, ample parking
    Where is this individual retail property located?
    The property is located at 12309 Chenal Pkwy Little Rock, AR.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High-visibility storefront with ample signage, including pylon signage.; Extensive on-site parking.; Excellent visibility and high traffic counts on Chenal Parkway.
    (501) 868-9790 Call to check price and availability
    Request Owner's contact information
    12309 Chenal Pkwy Little Rock, AR 72211
    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.
    12309 Chenal Pkwy
    Little Rock, AR 72211
    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
    12309 Chenal Pkwy Little Rock, AR 72211
    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 Jill Bryant
    Jill Bryant
    Real Estate License ID: PB00048556
    (501) 868-9790 (501) 604-4551
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!