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    North Little Rock, AR 72118
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    North Little Rock, AR 72118

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    • Retail properties & Spaces
    • 0.80 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details

    Lot size
    0.80 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    NorthShore Business Park offers exceptional executive office suites in North Little Rock, Arkansas. Located at the I-430 and Crystal Hill Road intersection, this development boasts convenient access to I-40 and I-430, ensuring easy commutes from all of Central Arkansas. Lots range from approximately 0.8 to over 19 acres, providing flexibility for various development needs. The park features ready-to-build sites with existing streets and utilities, minimizing site development costs. The land is flat, further reducing expenses. A comprehensive Bill of Assurance guarantees a quality development. The impressive surroundings include coordinated signage and landscaped common areas. Beyond the practical advantages, NorthShore Business Park offers unparalleled recreational opportunities, with proximity to the Arkansas River Trail, a golf driving range, the Big Dam Bridge, and Burns Park. The park also benefits from a diverse mix of existing businesses and services. The price per square foot is $5, subject to change. All acreage amounts are approximate. A rendering showcases the potential for mixed-use development, including hotels, offices, and residential buildings, highlighting the location's excellent views. This is a truly unique opportunity for businesses seeking a prime location with exceptional amenities.

    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
    -92.332
    Latitude
    34.8512

    Comparable in this City

    • Value Estimation by Request
      1.06 Acres

      North Little Rock, AR 72118

      Land • 1.06 Acres
      North Little Rock, AR 72118
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    • Value Estimation by Request
      1.60 Acres

      Northshore Dr

      Office properties & Spaces • 1.60 Acres
      0 Northshore Dr, North Little Rock, AR 72118
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    • Value Estimation by Request
      0.80 Acres

      Northshore Ln

      Office properties & Spaces • 0.80 Acres
      0 Northshore Ln, North Little Rock, AR 72118
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    • Value Estimation by Request
      8,460 SF

      5613 Mac Arthur Dr

      Individual retail properties • 8,460 SF
      5613 Mac Arthur Dr, North Little Rock, AR 72118
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    • Value Estimation by Request
      1,500 SF

      1914 Pkwy Dr

      ROADSIDE MARKET • 1,500 SF
      1914 Pkwy Dr, N Little Rock, AR 72118-4349
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    • Value Estimation by Request
      1.20 Acres

      Northshore Dr

      Land • 1.20 Acres
      0 Northshore Dr, North Little Rock, AR 72118
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Opportunity in North Little Rock

      Retail property available for sale in North Little Rock.
      North Little Rock, AR 72118
      View Details
    • Contact for pricing

      Retail Sites in Business Park

      Retail sites at the entrance to North Shore Business Park.
      Northshore Dr, North Little Rock, AR 72118
      View Details
    • Contact for pricing
      9,014 SF

      Retail Space in North Little Rock

      Retail property for sale in North Little Rock, Arkansas.
      15620 Mac Arthur Dr, North Little Rock, AR 72118
      View Details
    • Contact for pricing

      Retail Sites Near Interstate

      Retail sites at the entrance to North Shore Business Park.
      Northshore Dr, North Little Rock, AR 72118
      View Details
    • Contact for pricing

      Office Space For Sale

      Office property available for sale in North Little Rock.
      Northshore Dr, North Little Rock, AR 72118
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Space Available For Lease

      7,500 SF space suitable for office, retail, or industrial use.
      3300 Pike Ave, North Little Rock, AR 72118
      View Details
    • Contact for pricing
      1,440 SF

      Remodeled Retail and Office Space

      Newly remodeled retail/office space near Argenta Arts District, North Little Rock.
      3308 Pike Ave, North Little Rock, AR 72118
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    • $800 /Mo
      256 SF

      North Little Rock Executive Office

      Private, secure office suites available for lease in North Little Rock.
      4801 Northshore Office 116 Dr, North Little Rock, AR 72118
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    • $350 /Mo
      145 SF

      North Little Rock Executive Suites

      Private office suites for rent in North Little Rock.
      4801 Northshore Office 202 Dr, North Little Rock, AR 72118
      View Details
    • $800 /Mo
      420 SF

      North Little Rock Executive Office

      Private, secure office suites with utilities included and 24/7 access.
      4801 Northshore Office 118 Dr, North Little Rock, AR 72118
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    • $440 /Mo
      256 SF

      North Little Rock Executive Office

      Private, secure office suites available for lease in North Little
      4801 Northshore Office 111 Dr, North Little Rock, AR 72118
      View Details
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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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