1 Remington Dr Little Rock, AR 72204-8202
- Industrial properties
- 15,342 SF
- 1.85 lot acres
Current Use by Public Records
- Industrial Components-AR, LLC / Distribution Center / Logistics Company
- Commercial Realty, LLC / Real Estate Agency
Property Details for 1 Remington Dr
- Year built
- 2011
- Lot size
- 1.85 lot acres
- Property size
- 15,342 SF
- Property type
- Industrial properties
- APN
- 44L-143-09-023-00
- APU
- 44L1430902300
Description
This exceptional 15,284-square-foot industrial property in Little Rock, Arkansas, presents a compelling owner-user opportunity. Located at 1 Remington Dr, 72204, this Class B building offers a versatile blend of warehouse and office space, ideal for various business needs. The 15,200-square-foot net rentable area includes 9,859 square feet of heated warehouse space and 5,341 square feet of office space, plus an 84-square-foot demarcation room. The single-story building, constructed in 2011, sits on a 1.53-acre lot and features three 10x10 roll-up doors with dock-high access, enhancing operational efficiency. Ample parking is provided with 47 spaces. The property benefits from a 14-foot ceiling height in the warehouse, a backup generator powering the entire building, and excellent security lighting. The permitted zoning is O-2, and the occupancy date is June 1, 2024. This multi-tenant property offers potential for division into multiple suites, maximizing its investment potential. The asking price is $4,200,000. This prime location, situated behind Tractor Supply, ensures convenient access and visibility.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $960,000
- 6.5%
- $885,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,390,000
Market price range: $235k - $1.39M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $845,000 Current use
- AUTO REPAIR, GARAGE
- $1,755,000 Change: +107% Conversion: Easy
- OFFICE BUILDING
- $1,700,000 Change: +101% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3964
- Latitude
- 34.7074
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA