Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1 World Ave Little Rock, AR 72202
    Back to Search
    Property profile & analytics

    1 World Ave Little Rock, AR 72202

    View on Map
    • Office buildings
    • 97,461 SF
    • 3.23 lot acres
    For Sale
    $2,895,000
    View Listing →
    East Village Office Building For Sale
    $2,895,000
    98,049 SF

    East Village Office Building

    Office building in the trending East Village neighborhood.

    1 World Avenue, Little Rock, AR 72202
    View Listing
    Property ID
    US05-0683599
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • HEIFER FOUNDATION / Charitable Organization
    • Heifer International / Charitable Organization / Social Service Agency

    Property Details for 1 World Ave

    Year built
    1995
    Lot size
    3.23 lot acres
    Property size
    97,461 SF
    Property type
    Office buildings
    APN
    34L-017-00-002-00
    APU
    34L0170000200

    Description

    This exceptional Little Rock, Arkansas property at 1 World Ave, offers a diverse range of executive office spaces within a multi-purpose complex. Located in Pulaski County, zip code 72202, this Class A building boasts a total of 98,049 square feet, encompassing retail, office, and restaurant possibilities. Currently, there are five suites available, with a significant amount of vacant space totaling 79,994 square feet. The minimum divisible space is 9,153 square feet, ideal for smaller businesses, while larger tenants can occupy up to 22,275 contiguous square feet. The property features ample parking, a significant advantage in a bustling urban environment. The building's diverse layout caters to various business needs, with options ranging from smaller, efficient executive office suites to larger spaces suitable for expanding companies. The property's strategic location in Little Rock provides easy access to key transportation routes and amenities, making it an attractive option for businesses seeking a prominent address. This is a unique opportunity to secure high-quality office space in a dynamic and thriving area. The property's flexible floor plans allow for customization to meet specific business requirements. Contact us today to explore the possibilities and secure your ideal workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,338,000
      Market price range: $3.34M - $15.0M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2573
    Latitude
    34.744
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,477
    $221,280
    $0.00
    $221,280
    -
    $1,106,400
    $0.00
    $1,106,400

    Comparable in this City

    • Value Estimation by Request
      709 SF

      3700 Cantrell Rd, Unit 210

      OFFICE BUILDING • 709 SF
      3700 Cantrell Rd, Little Rock, AR 72202-1842
      View Details
    • Value Estimation
      $24,790,000
      167,936 SF

      700 9th St

      OFFICE BUILDING • 167,936 SF
      700 9th St, Little Rock, AR 72202-3978
      View Details
    • Value Estimation by Request
      836 SF

      700 9th St Ste 1j

      OFFICE BUILDING • 836 SF
      700 9th St Ste 1j, Little Rock, AR 72202-3985
      View Details
    • Value Estimation by Request
      1,956 SF

      1707 Daisy L Gatson Bates Dr

      OFFICE BUILDING • 1,956 SF
      1707 Daisy L Gatson Bates Dr, Little Rock, AR 72202-5314
      View Details
    • Value Estimation
      $935,000
      28,776 SF

      1600 Dr Martin Luther King Dr

      OFFICE BUILDING • 28,776 SF
      1600 Dr Martin Luther King Dr, Little Rock, AR 72202-6073
      View Details
    • Value Estimation
      $800,000
      10,697 SF

      901 Louisiana St

      OFFICE BUILDING • 10,697 SF
      901 Louisiana St, Little Rock, AR 72202
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      41,000 SF

      Renovated Office Space with Loading

      Recently renovated office space with convenient access and loading dock.
      701-711 W 7Th St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      59,987 SF

      Office Building with Ample Parking

      59,987 SF office building on 0.73 AC lot.
      1200 W 3Rd St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5,400 SF

      Two-Story Office Building For Lease

      5,400 SF office building with conference center and parking.
      523 E Capitol Ave, Little Rock, AR 72202
      View Details
    • Contact for pricing

      East Village Office Building

      Office building in the trending East Village neighborhood.
      1 World Ave, Little Rock, AR 72202
      View Details
    • Contact for pricing
      52,000 SF

      Riverfront Drive Office Building

      56,000 SF office building for sale or lease.
      1500 Riverfront Dr, Little Rock, AR 72202
      View Details
    • $72,500
      662 SF

      Office Space in Quapaw Towers

      Office space available for sale in Little Rock, Arkansas.
      700 E 9Th St, Little Rock, AR 72202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space

      Office space for lease with river views and trail access.
      100 River Bluff Dr, Little Rock, AR 72202
      View Details
    • Contact for pricing

      Historic Office Building For Rent

      Charming historic office building in downtown Little Rock.
      700 Rock St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      10,000 SF

      Office Building in Riverdale Neighborhood

      Office building for lease in a growing neighborhood.
      2100 Brookwood Dr, Little Rock, AR 72202
      View Details
    • Contact for pricing

      Riverfront Drive Office Building

      56,000 SF office building for lease or sale.
      1500 Riverfront Dr, Little Rock, AR 72202
      View Details
    • Contact for pricing
      8,600 SF

      Office Space For Rent

      8,600 SF office space available for lease.
      2800 Cantrell Rd, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5,400 SF

      I-30 Frontage Retail Space

      Little Rock, AR: Prime Retail/Restaurant Opportunity
      913 Mcmath Ave, Little Rock, AR 72202
      View Details
    View Listing
    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.
    1 World Ave
    Little Rock, AR 72202
    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
    1 World Ave, Little Rock, AR, 72202
    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!