Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    316 Walnut St North Little Rock, AR 72114
    Back to Search
    Property profile & analytics

    316 Walnut St North Little Rock, AR 72114

    View on Map
    • Land
    • 5.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 316 Walnut St

    Lot size
    5.24 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 5.24-acre property in North Little Rock, Arkansas, presents a unique investment opportunity. Comprised of five interconnected parcels (APN: 33N3080010000, 33N3040002601, 33N3080010100, 33N3040001900, 33N3080010700, 33N3080010500), this land offers significant versatility for strategic development. The parcels are strategically located and offer a rare chance for a comprehensive development approach. Individual parcel sizes range from 0.17 acres to 3.98 acres, with addresses including 316 Walnut Street, 1003 E Broadway Street, 1300 5th Street, and addresses on E 5th Street and N Hickory Street. The property is zoned for industrial and flex uses, making it ideal for various projects. Its prime location in Pulaski County, Arkansas, zip code 72114 (latitude 34.756467, longitude -92.256576), presents significant advantages for businesses seeking a strategic location. Furthermore, this property is situated in an opportunity zone, offering potential tax advantages. This is a rare chance to acquire a substantial land holding with significant development potential in a desirable location. The property is classified as Industrial and Land, with a subtype of Commercial and Flex.

    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
    -92.2566
    Latitude
    34.7565

    Comparable in this City

    • Value Estimation by Request
      5.24 Acres

      5th E St

      Flex space • 5.24 Acres
      5th E St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      10,572 SF

      916 Broadway St

      Land • 10,572 SF
      916 Broadway St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      2.50 Acres

      5Th St

      Land • 2.50 Acres
      0 5Th St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request

      1723 Magnolia St

      Manufacturing properties
      1723 Magnolia St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      10,500 SF

      214 Cedar St

      Individual retail properties • 10,500 SF
      214 Cedar St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      295.51 Acres

      Nwq Of I-40 & I-440

      Land • 295.51 Acres
      0 Nwq Of I-40 & I-440, North Little Rock, AR 72114
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.50 Acres

      North Little Rock Industrial Land

      2.5 Acres, Versatile Zoning, Prime Location
      0 5Th St, North Little Rock, AR 72114
      View Details
    • $495,000
      0.96 Acres

      Prime North Little Rock Land

      0.96-acre commercial/industrial lot near Simmons Bank Arena.
      505 Cypress St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      2.50 Acres

      North Little Rock Warehouse - 7,380 SF

      Industrial warehouse on 2.5 acres, prime location.
      1200 5Th St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      0.17 Acres

      North Little Rock Industrial Portfolio

      Three warehouse buildings, prime location.
      424 Vine St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      North Little Rock Industrial Property

      Versatile industrial property with office, warehouse, and ample yard space.
      3419 E Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      6,300 SF

      North Little Rock Commercial Space

      Versatile commercial space with drive-in doors and office.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse/Flex Space For Lease

      Warehouse and flex space available for lease.
      700 W Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      46.63 Acres of Land Available

      46.63 acres of land for rent.
      60 Lori Ln, North Little Rock, AR 72114
      View Details
    • $2 SF/Yr
      34,278 SF

      North Little Rock Warehouse Space

      Warehouse space featuring dock-high doors and outside storage.
      1003 Vine St, North Little Rock, AR 72114
      View Details
    • $775 /Mo
      1,200 SF

      Warehouse Space with Secured Fencing

      1,200 SF warehouse space with excellent highway access.
      700 W Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      4,356 SF

      Renovated Warehouse with Multiple Doors

      Industrial warehouse featuring renovated office space and multiple loading doors.
      1309 N Hills Blvd, North Little Rock, AR 72114
      View Details
    • $4,700 /Mo
      11,000 SF

      Functional Warehouse Space For Lease

      11,000± SF warehouse space in North Little Rock, AR.
      200 N Cedar St, North Little Rock, AR 72114
      View Details
    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.
    316 Walnut St
    North Little Rock, AR 72114
    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
    316 Walnut St, North Little Rock, AR, 72114
    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!