1200 5Th St North Little Rock, AR 72114
- Office buildings
- 29,593 SF
- 2.56 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1200 5Th St
- Year built
- 1959
- Lot size
- 2.56 lot acres
- Property size
- 29,593 SF
- Property type
- Office buildings
- APN
- 33N-304-00-020-00
- APU
- 33N3040002000
Description
This exceptional 7,380-square-foot industrial warehouse presents a compelling investment opportunity in North Little Rock, Arkansas. Situated on a sizable 2.5-acre lot, this Class C property, built in 1959, offers significant potential for investors and developers. The property boasts a fully fenced perimeter and a convenient sprinkler system. Access to major transportation arteries is excellent, with proximity to downtown Little Rock and benefiting from high traffic counts on nearby E. Broadway St (20,000 AADT) and I-30 (127,000 AADT). The warehouse features impressive ceiling heights: a 29-foot center height, with a 23-foot wall-to-ceiling distance. Loading is facilitated by a dock with a 10-foot clearance, and other doors provide a generous 19-foot clearance. Adding to its appeal, this property is located within an Opportunity Zone, presenting potential tax advantages for qualified investors. This versatile space is ideal for a variety of industrial uses and represents a rare opportunity to acquire a substantial property in a thriving area. The property's size and location make it an attractive prospect for redevelopment or expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $380,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $510,000
- 6.5%
- $450,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $495,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $530,000
- Mixed-Use
- $560,000
- Hospitality
- $430,000
- Educational
- $530,000
- Residential Income
- $520,000
- Energy
- $530,000
- Income-Based Land
- $515,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- N Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2555
- Latitude
- 34.7573
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA