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    29 Parcels For Sale North Little Rock, AR 72114
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    29 Parcels For Sale North Little Rock, AR 72114

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    • Industrial properties
    • 836,352 SF
    • 0.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 29 Parcels For Sale

    Lot size
    0.10 lot acres
    Property size
    836,352 SF
    Property type
    Industrial properties
    Property subtype
    Distribution centers

    Description

    This exceptional investment opportunity encompasses a substantial industrial portfolio comprising 29 parcels totaling 836,352 square feet in North Little Rock, Arkansas. Strategically located within the North Little Rock Opportunity Zone and situated along Broadway Street, this portfolio offers unparalleled access to I-30, providing seamless connectivity to major interstate routes. The diverse holdings include vacant warehouse sites, industrial land, and income-generating properties, presenting a unique blend of development potential and immediate return. The properties are situated in Pulaski County, Arkansas, with addresses spanning various streets including N Cedar St, N Vine St, E 4th St, and E 2nd St, among others, all within the 72114 zip code. Lot sizes range from 0.1 to 19.2 acres, providing flexibility for various development scenarios. This portfolio represents a significant investment opportunity within a thriving industrial area, offering substantial potential for long-term growth and returns. The permitted zoning is North Little Rock Opportunity, further enhancing its investment appeal. The asking price for this entire portfolio is $8,135,000. This is a rare chance to acquire a substantial footprint in a key industrial area with excellent access to major transportation arteries.

    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
    -92.2581
    Latitude
    34.7588

    Comparable in this City

    • Value Estimation by Request
      116,549 SF

      605 10Th St

      Distribution properties • 116,549 SF
      605 10Th 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
      70,000 SF

      1301 8Th St

      Distribution properties • 70,000 SF
      1301 8Th St, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      22,739 SF

      Washington Ave

      Distribution properties • 22,739 SF
      0 Washington Ave, North Little Rock, AR 72114
      View Details
    • Value Estimation by Request
      9,415 SF

      1109 Pine St

      Distribution properties • 9,415 SF
      1109 Pine St, North Little Rock, AR 72114
      View Details
    • Value Estimation
      $5,845,000
      80,688 SF

      1200 12th St

      DISTRIBUTION WAREHOUSE • 80,688 SF
      1200 12th St, N Little Rock, AR 72114-4300
      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
    • 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

      Industrial Building with Roll-Up Doors

      10,500 SF industrial building with convenient access and roll-up doors.
      916 E Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      10,572 SF

      Retail/Showroom/Flex Building For Sale

      Retail/Showroom/Flex building with prominent signage and exceptional connectivity.
      920 E Broadway 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
    • $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

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse and Distribution Space Available

      Warehouse and distribution spaces for lease with full-access rail spur.
      605 E 10Th 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
    • Contact for pricing
      34,162 SF

      North Little Rock Warehouse Space

      34,162 SF warehouse with interstate visibility and access.
      425 E 10Th St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      108,000 SF

      North Little Rock Warehouse Space

      108,000 SF warehouse space available for lease.
      1650 E Washington Ave, North Little Rock, AR 72114
      View Details
    • 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
    • $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
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    29 Parcels For Sale
    North Little Rock, AR 72114
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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.

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