Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Baptist Health Corridor Title is generated by Realmo AI

    Kanis Park Dr, Little Rock, AR 72205

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

    Large land parcel near Baptist Health Medical Corridor.

    Type:Land
    Added:
    Oct 25, 2024
    Days on Market:
    576
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for Kanis Park Dr

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Cam Deacon
    Cam Deacon

    Listing agent Cam Deacon License #SA00074708

    Listing office ​Moses Tucker Partners

    Listing date Oct 25, 2024

    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

    • One of the largest remaining land parcels in this area
    • Located in the heart of the Baptist Health Medical Corridor near CARTI
    • General Office zoning allows ample opportunity for potential businesses
    • Ability to rezone for residential use
    • Located within 2 miles of 37 medical clinics
    • Access to land through Kanis Park Dr and Kanis Commercial Dr

    Overview

    This commercial land is situated in the heart of the Baptist Health Medical Corridor, near CARTI. It is located within 2 miles of 37 medical clinics. The general office zoning provides ample opportunity for potential businesses. Access to the land is available through Kanis Park Dr and Kanis Commercial Dr. There is the ability to rezone for residential use. This is one of the largest remaining land parcels in this area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3533
    Latitude
    34.7495

    Nearby Similar for Sale

    • $1,200,000
      12,090 SF

      Mixed-Use Site in Little Rock

      8.15-acre mixed-use site with commercial, industrial, and entertainment facilities.
      700 Russenberger Road, Little Rock, AR 72206
      View Details
    • $1,199,000
      6,692 SF

      Historic Multifamily Property in Little Rock

      Nine-unit apartment building in the Governor's Historic District.
      1500 Center Street, Little Rock, AR 72206
      View Details
    • $175,000
      6,778 SF

      Little Rock Commercial Corner Lot

      Commercial facility on a high-traffic corner lot, currently leased.
      5021 Asher Avenue, Little Rock, AR 72204
      View Details
    • $324,000
      4,392 SF

      Four-Unit Townhouse Renovation Opportunity

      Townhouse building with renovation potential in Little Rock, Arkansas.
      2007 Sanford Drive, Little Rock, AR 72227
      View Details
    • $950,000
      9,261 SF

      Little Rock Multifamily Investment

      Fully rented multifamily property near downtown Little Rock hotspots.
      904 S Commerce, Little Rock, AR 72202
      View Details
    • $1,150,000
      10,502 SF

      Historic Mixed-Use Building, Little Rock

      Income-producing commercial and residential property in downtown Little Rock.
      614 Center Street, Little Rock, AR 72201
      View Details
    • $1,395,000
      13,468 SF

      Updated 16-Unit Apartment Complex

      Well-maintained Little Rock apartment complex with modern updates and strong occupancy.
      515 Brookside Drive, Little Rock, AR 72205
      View Details
    • $950,000
      9,261 SF

      Fully Rented Little Rock Multifamily

      Multifamily property in Little Rock, fully rented and updated.
      415 E 9th, Little Rock, AR 72202
      View Details
    • $215,000
      2,810 SF

      Little Rock Multifamily Investment Property

      Three-unit multifamily property with off-street parking in Little Rock.
      1921 Wright Avenue, Little Rock, AR 72202
      View Details
    • $300,000
      4,680 SF

      Four-Unit Multifamily Investment Opportunity

      Four-unit property in Little Rock with income potential.
      1806 Sanford Drive, Little Rock, AR 72227
      View Details
    • $650,000
      7,984 SF

      Little Rock Multifamily Investment

      Multifamily complex with income potential in Little Rock, Arkansas.
      10223 Lanehart Road, Little Rock, AR 72204
      View Details
    • $289,999
      3,658 SF

      Little Rock Multifamily Investment Opportunity

      Updated 5-unit property with income potential in Little Rock, AR.
      3312 W 12th St, Little Rock, AR 72204
      View Details

    FAQs

    What type of property is this?
    Commercial land - Large land parcel near Baptist Health Medical Corridor.
    Where is this commercial land located?
    The property is located at Kanis Park Dr Little Rock, AR.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: One of the largest remaining land parcels in this area; Located in the heart of the Baptist Health Medical Corridor near CARTI; General Office zoning allows ample opportunity for potential businesses
    (501) 554-4189 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cam Deacon
    Cam Deacon
    Real Estate License ID: SA00074708
    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
    Kanis Park Dr, Little Rock, AR 72205
    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!