Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1041 Lantrip Rd Sherwood, AR 72120-4161
    Back to Search
    Property profile & analytics

    1041 Lantrip Rd Sherwood, AR 72120-4161

    View on Map
    • Industrial properties
    • 9,000 SF
    • 0.82 lot acres
    Off-Market
    Last Sale Oct 21, 2024
    $480,100
    Property ID
    US05-0141364
    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

    • Industrial properties

    Property Details for 1041 Lantrip Rd

    Year built
    1998
    Lot size
    0.82 lot acres
    Property size
    9,000 SF
    Property type
    Industrial properties
    APN
    23S-053-03-042-00
    APU
    23S0530304200

    Description

    This 9,000 square foot, single-story office building in Sherwood, Arkansas, presents a unique investment opportunity. Located at 1041 Lantrip Rd, this Class B property, built in 1998, sits on a 0.77-acre lot and offers versatile space suitable for executive, medical, or traditional office uses. The building boasts a flexible layout, ideal for a variety of businesses, and includes seven restrooms, four storefront entries, and four 4' x 12' garage doors, enhancing its functionality. A significant upgrade was completed in 2022 with the installation of a new roof and gutter system. Ample parking is provided with a gated and fenced lot accommodating 27 vehicles. The property's convenient location is less than 0.2 miles from Highway 67/167, ensuring easy access and high visibility. Currently vacant, the building is ready for immediate occupancy, offering a blank canvas for your business needs. The asking price is $750,000, translating to $83.33 per square foot. This owner/user investment opportunity is perfect for a business seeking a well-maintained, strategically located space with significant potential. The property is zoned for office use and is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherwood
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.1991
    Latitude
    34.8237
    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
    $5,697
    $33,339
    $76,011
    $109,350
    -
    $166,695
    $380,055
    $546,750

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      200 Hillcrest Rd

      Flex space • 3,000 SF
      200 Hillcrest Rd, Sherwood, AR 72120
      View Details
    • Value Estimation
      $525,000
      10,800 SF

      5800 Commerce Ct Ste, Unit 1

      CONDOMINIUMS (INDUSTRIAL) • 10,800 SF
      5800 Commerce Ct Ste, Sherwood, AR 72120-4405
      View Details
    • Value Estimation
      $525,000
      10,800 SF

      5800 Commerce Ct Ste, Unit 2

      CONDOMINIUMS (INDUSTRIAL) • 10,800 SF
      5800 Commerce Ct Ste, Sherwood, AR 72120-4405
      View Details
    • Value Estimation by Request
      3,000 SF

      200 Hillcrest Rd

      Flex space • 3,000 SF
      200 Hillcrest Rd, Sherwood, AR 72120
      View Details
    • Value Estimation
      $500,000
      9,000 SF

      308 Kiehl Ave

      CONDOMINIUMS (INDUSTRIAL) • 9,000 SF
      308 Kiehl Ave, Sherwood, AR 72120-2922
      View Details
    • Value Estimation
      $2,980,000
      14,641 SF

      816 Kiehl Ave

      CONDOMINIUMS (INDUSTRIAL) • 14,641 SF
      816 Kiehl Ave, Sherwood, AR 72120-3030
      View Details

    Similar Nearby for Sale

    • $239,000
      2.40 Acres

      Prime Sherwood Land - 2.4 Acres

      Exceptional development opportunity in Sherwood, AR.
      9902 Highway 107, Sherwood, AR 72120
      View Details
    • $385,000

      Retail/Office Development Site Available

      1.47 acre site for retail or office development.
      Brockington Rd, Sherwood, AR 72120
      View Details
    • Contact for pricing

      Sherwood Commercial Land Available

      Commercial land for sale in a premier retail location.
      W Maryland Ave And Hwy 107, Sherwood, AR 72120
      View Details
    • Contact for pricing
      3,198 SF

      3,198 SF Car Wash Building

      3,198 SF car wash building for rent on 1.23-acre lot.
      7900 John F Kennedy Blvd, Sherwood, AR 72120
      View Details
    • $75,000
      3.00 Acres

      Sherwood Land in Doris Heights

      Scenic land for custom home in desirable Doris Heights.
      96 Michael James Dr, Sherwood, AR 72120
      View Details
    • $75,000
      3.00 Acres

      Sherwood Land in Doris Heights

      Scenic land for custom home in desirable Doris Heights.
      72 Aj Lewis Ln, Sherwood, AR 72120
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sherwood Business District Office Space

      Office building in Sherwood Business District with easy highway access.
      100 Shadow Oaks Dr, Sherwood, AR 72120
      View Details
    • Contact for pricing

      Land Available Off Highway 105

      Land for rent located off Highway 105 in Sherwood.
      12772 Ar-107, Sherwood, AR 72120
      View Details
    • Contact for pricing

      Land For Rent in Sherwood

      Two acres of land available on Highway 107.
      8611 Highway 107, Sherwood, AR 72120
      View Details
    • $11 SF/Yr

      Highway 107 Retail Space

      Retail space for lease on Highway 107 in Sherwood.
      8611 Highway 107, Sherwood, AR 72120
      View Details
    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.
    1041 Lantrip Rd
    Sherwood, AR 72120-4161
    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
    1041 Lantrip Rd, Sherwood, AR, 72120
    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!