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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10800 Kanis Rd Little Rock, AR 72211-3827

    • Motels
    • 48,552 SF
    • 2.69 lot acres
    OFF-MARKET
    Last Sale
    May 18, 2023
    $4,510,000
    Value Estimations
    $4,660,000
    Show details
    Cap Rate Potential
    2.6%
    Motels
    Location Intelligence
    Property ID
    US05-0241354
    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.

    Current Use by Public Records

    • Extended Stay America - Little Rock - West Little Rock / Hotel & Motel / Vacation Rental
    • MainStay Suites Little Rock West Near Medical Centers / Hotel & Motel / Vacation Rental

    Property Details for 10800 Kanis Rd

    Year built
    1998
    Lot size
    2.69 lot acres
    Property size
    48,552 SF
    Property type
    Motels
    APN
    44L-069-04-002-00
    APU
    44L0690400200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,800,000
      ML approach
      $4,830,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $3,675,000
      Current use
      RETAIL STORES
      $7,415,000
      Change: +102% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $6,340,000
      Change: +73% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $5,560,000
      Change: +51% Conversion: Difficult
      OFFICE BUILDING
      $5,385,000
      Change: +47% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.395
    Latitude
    34.7437
    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
    $34,402
    $467,608
    $23,852
    $491,460
    -
    $2,338,040
    $119,260
    $2,457,300

    Comparable in this City

    • Value Estimation
      $4,640,000
      38,630 SF

      600 Hardin Rd

      MOTEL • 38,630 SF
      600 Hardin Rd, Little Rock, AR 72211-3504
      View Details
    • Value Estimation
      $1,480,000
      41,720 SF

      200 Shackleford Rd

      MOTEL • 41,720 SF
      200 Shackleford Rd, Little Rock, AR 72211-5723
      View Details
    • Value Estimation
      $1,540,000
      57,076 SF

      10900 Financial Ctr Pkwy

      HOTEL • 57,076 SF
      10900 Financial Ctr Pkwy, Little Rock, AR 72211-3531
      View Details
    • Value Estimation
      $2,110,000
      54,834 SF

      1212 Shackleford Rd

      HOTEL • 54,834 SF
      1212 Shackleford Rd, Little Rock, AR 72211-4212
      View Details
    • Value Estimation
      $1,165,000
      40,750 SF

      1501 Merrill Dr

      HOTEL • 40,750 SF
      1501 Merrill Dr, Little Rock, AR 72211-1821
      View Details
    • Value Estimation
      $7,675,000
      297,711 SF

      11301 Financial Ctr Pkwy

      HOTEL • 297,711 SF
      11301 Financial Ctr Pkwy, Little Rock, AR 72211-3735
      View Details

    Similar Nearby for Sale

    • $228,000

      Commercial Land on Kanis Road

      38,000 SF commercial land with frontage on Kanis Road.
      11220 Kanis Rd, Little Rock, AR 72211
      View Details
    • $2,850,000
      22,300 SF

      Little Rock Office Building

      Prime location, high visibility, value-add opportunity
      11215 Hermitage Rd, Little Rock, AR 72211
      View Details
    • $175,000
      0.48 Acres

      Commercial Lot Ready For Redevelopment

      Commercial lot with redevelopment potential in Little Rock, Arkansas.
      11500 Kanis Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Commercial Land Near Chenal Parkway

      Commercial land for sale near Chenal Parkway in Little Rock.
      Wellington Hills Rd, Little Rock, AR 72211
      View Details
    • $345,000
      3,500 SF

      Little Rock Fourplex Opportunity

      Fourplex with two-bedroom units near shopping and dining.
      11005 Mara Lynn Rd, Little Rock, AR 72211
      View Details
    • $74,900
      0.12 Acres

      Commercial Lot in Little Rock

      Vacant commercial lot suitable for condos or other buildings.
      00 Kanis Rd, Little Rock, AR 72211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      33,805 SF

      Bowman Road Retail Center Opportunity

      Little Rock Shopping Center - 7,901 SF Available
      301 Bowman Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing
      2,072 SF

      Wellington Center Retail Space

      Little Rock Retail Pad Sites Available
      15400 Chenal Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing
      1,756 SF

      Office Space Near Retail

      Office space with reception area, private offices, and storage.
      1200 Cherry Brook Dr, Little Rock, AR 72211
      View Details
    • $10 SF/Yr
      27,812 SF

      Retail and Office Space Available

      Retail and office spaces for lease in Little Rock.
      1500 Macon Dr, Little Rock, AR 72211
      View Details
    • Contact for pricing
      3,020 SF

      Class A Office Space Available

      West Little Rock office space with free parking and conference.
      10809 Executive Center Dr, Little Rock, AR 72211
      View Details
    • Contact for pricing
      1,100 SF

      West Little Rock Office Space

      Professional office space in prime West Little Rock location.
      13001 Stacy Ln, Little Rock, AR 72211
      View Details
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    Little Rock, AR 72211-3827
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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.

    More about this property
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