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    4109 Broadway St North Little Rock, AR 72117
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    Property profile & analytics

    4109 Broadway St North Little Rock, AR 72117

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    • Lifestyle centers
    • 83,695 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Value Mart / Grocery & Convenience Store / Food Market
    • Rose City Shopping Center / Shopping Center & Mall
    • City Market / Specialty Food Shop / Supermarket

    Property Details for 4109 Broadway St

    Year built
    1973
    Property size
    83,695 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2197
    Latitude
    34.7557

    Comparable in this City

    • Value Estimation
      $6,725,000
      87,925 SF

      4122 Mccain Blvd

      MINI-MALL • 87,925 SF
      4122 Mccain Blvd, N Little Rock, AR 72117-2523
      View Details
    • Value Estimation
      $2,440,000
      26,350 SF

      4201 Mccain Blvd

      MINI-MALL • 26,350 SF
      4201 Mccain Blvd, N Little Rock, AR 72117-2516
      View Details
    • Value Estimation
      $18,430,000
      226,311 SF

      4200 Mccain Blvd

      MINI-MALL • 226,311 SF
      4200 Mccain Blvd, N Little Rock, AR 72117
      View Details
    • Value Estimation
      $1,005,000
      10,654 SF

      4201 Mccain Blvd

      MINI-MALL • 10,654 SF
      4201 Mccain Blvd, N Little Rock, AR 72117-2516
      View Details
    • Value Estimation
      $11,725,000
      133,381 SF

      4201 Mccain Blvd

      MINI-MALL • 133,381 SF
      4201 Mccain Blvd, N Little Rock, AR 72117-2516
      View Details
    • Value Estimation
      $4,490,000
      41,038 SF

      4120 Mccain Blvd

      MINI-MALL • 41,038 SF
      4120 Mccain Blvd, N Little Rock, AR 72117-2531
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      North Little Rock Flex Space

      Prime Flex Space; Redevelopment Opportunity
      5430 Landers Rd, North Little Rock, AR 72117
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    • $1,500,000
      83,181 SF

      Rose City Shopping Center Opportunity

      Shopping center in North Little Rock with value-add potential.
      4109 E Broadway St, North Little Rock, AR 72117
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    • $149,900
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      Mixed-Use Property on Large Lot

      Versatile mixed-use property on a spacious lot with mature trees.
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      North Little Rock Industrial Warehouse

      30,445 SF industrial warehouse on 11.25 acres for sale.
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      13,686 SF

      North Little Rock Office Building

      13,686 SF office building with parking in North Little Rock.
      4600 E Mccain Blvd, North Little Rock, AR 72117
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    • $1,423,976

      Highway 70 Commercial Land Available

      Commercial land with high traffic count on Highway 70.
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    Similar Nearby for Lease

    • $22 SF/Yr
      1,900 SF

      Retail Space Near Walmart

      End-cap retail space located at Walmart Supercenter entrance.
      4530-4546 E Mccain Blvd, North Little Rock, AR 72117
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    • $5 SF/Yr

      Industrial Building on 2.22 Acres

      44,864 SF industrial building for sale or lease.
      4500 Rixie Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Commercial Outparcel for Lease

      0.80 acre outparcel ideal for QSR, medical, or retail.
      11100 S 165, North Little Rock, AR 72117
      View Details
    • Contact for pricing
      39,598 SF

      North Little Rock Warehouse Space

      Industrial warehouse space available for lease in North Little Rock.
      4545 W Bethany Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing
      7,552 SF

      Flex Office/Warehouse Near Highway

      Flex office/warehouse space with quick highway access.
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      View Details
    • Contact for pricing

      Secured Industrial Yard Space

      Industrial yard for fleet, trailer, or laydown use.
      1220 Baucum Industrial Dr, North Little Rock, AR 72117
      View Details
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    North Little Rock, AR 72117
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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
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