Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1920 Locust St North Little Rock, AR 72114
    Back to Search
    Property profile & analytics

    1920 Locust St North Little Rock, AR 72114

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

    Current Use by Public Records

    • Amazon - DLR1 / Warehouse & Storage

    Property Details for 1920 Locust St

    Lot size
    5.50 lot acres
    Property type
    Land

    Description

    This exceptional 5.5-acre commercial land parcel, located at 1920 N Locust Street in North Little Rock, Arkansas (zip code 72114), presents a unique redevelopment opportunity. The property is zoned I-2, offering flexibility for a variety of commercial uses. Its strategic location provides easy access to major transportation arteries, with I-30 just 0.8 miles away and I-40 a short 1.5-mile drive. The site boasts excellent visibility from both North Locust Street and Frontage Road, ensuring high traffic exposure for any future development. The land is fully fenced and features two convenient ingress/egress points, simplifying logistics and operations. Previously utilized as an Amazon distribution site, this property offers a proven track record of successful commercial use. The asking price for this prime commercial land is $1,200,000. This represents a significant investment opportunity in a rapidly growing area of Pulaski County. Don't miss this chance to acquire a highly visible and strategically located commercial property with significant potential.

    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
    -92.2611
    Latitude
    34.7729

    Comparable in this City

    • Value Estimation by Request

      2402 Broadway St

      Land
      2402 Broadway St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      5.24 Acres

      316 Walnut St

      Flex space • 5.24 Acres
      316 Walnut St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      2.00 Acres

      John Ashley Dr

      Land • 2.00 Acres
      0 John Ashley Dr, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request

      Hemlock St

      Land
      0 Hemlock 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
      5.24 Acres

      5th E St

      Flex space • 5.24 Acres
      5th E St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Sale

    • 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
    • $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
      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
      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
    • $149,000

      Vacant Land Near Downtown

      Vacant land with residential or commercial potential near downtown.
      2704 Gribble St, N Little Rock, AR 72114
      View Details
    • Contact for pricing

      North Little Rock Industrial Buildings

      Two industrial buildings on 1.14 acres, redevelopment potential.
      815 E Broadway St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing

      Land Available Near I-30

      0.96 acres of land with high traffic volume.
      505 Cypress St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      Commercial Land at Park Plaza

      1.47 acres of commercial land for lease.
      1101 W 25Th St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      204 SF

      North Little Rock Retail/Office Space

      204 SF retail or office space available for rent.
      1920 Main St, North Little Rock, AR 72114
      View Details
    • $15 SF/Yr

      Retail/Office Space in Argenta District

      Open layout in a walkable, historic arts district.
      317 Main St, 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
    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.
    1920 Locust 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
    1920 Locust 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!