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    11101 Anderson Dr Little Rock, AR 72212
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    Property profile & analytics

    11101 Anderson Dr Little Rock, AR 72212

    View on Map
    • Office buildings
    • 39,452 SF
    • 2.45 lot acres
    For Lease
    $21 SF/Yr
    View Listing →
    Office Space Available For Lease For Lease
    $21 SF/Yr
    12,839 SF

    Office Space Available For Lease

    Office space available for lease in Little Rock, Arkansas.

    11101 Anderson Drive, Little Rock, AR 72212
    View Listing
    Property ID
    US05-0149558
    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
    $7,500,000
    Cap Rate Potential
    5.3%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Windstream / Data Center / IT Consulting Firm
    • Gadberry Group Llc / (Bike/Boat/Book/etc) Store / Corporate Office
    • Argenia - A Division of CRC Insurance Services / Insurance Agency
    • G73 Data Solutions / Consultant
    • Todd & Associates CPAs / Accounting Firm

    Property Details for 11101 Anderson Dr

    Year built
    1990
    Lot size
    2.45 lot acres
    Property size
    39,452 SF
    Property type
    Office buildings
    APN
    43L-022-03-001-00
    APU
    43L0220300100

    Description

    West River Office Park, located at 11101 Anderson Drive in Little Rock, Arkansas (zip code 72212), offers a prime sublease opportunity. This three-story office building boasts a convenient location near the intersection of I-430 and Cantrell Road, placing it in the heart of the Little Rock metropolitan area. The available space is situated within Suite 2 and offers a flexible footprint ranging from 2,200 to 18,396 contiguous square feet. Currently, a 6,150 square foot fully built-out, open office space is immediately available. The building features ample parking, with a ratio of 4 spaces per 1,000 square feet. The property is classified as a traditional, multi-tenant office building in Pulaski County. This location provides exceptional access to major roadways and is ideal for businesses seeking a well-established and easily accessible office environment in Little Rock. The property is perfect for a moderate-sized office user seeking a move-in ready space. Interested parties should inquire about specific lease terms and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,500,000
      ML approach
      $7,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,680,000
      6.5%
      $6,165,000
      7%
      $5,725,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,890,000
      Market price range: $2.17M - $6.95M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,350,000
      MEDICAL BUILDING
      $6,480,000
      RETAIL STORES
      $6,025,000
      NEIGHBORHOOD: SHOPPING CENTER
      $5,150,000
      AUTO REPAIR, GARAGE
      $4,520,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3948
    Latitude
    34.7886
    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
    $59,906
    $169,826
    $685,974
    $855,800
    -
    $849,130
    $3,429,870
    $4,279,000

    Comparable in this City

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      2024 Arkansas Vly Dr Ste, Unit 208

      OFFICE BUILDING • 616 SF
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    • Value Estimation by Request
      616 SF

      2024 Arkansas Vly Dr Ste, Unit 804

      OFFICE BUILDING • 616 SF
      2024 Arkansas Vly Dr Ste, Little Rock, AR 72212-4147
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    • Value Estimation by Request
      620 SF

      11500 Rodney Parham Rd, Unit 103

      OFFICE BUILDING • 620 SF
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      620 SF

      11500 Rodney Parham Rd, Unit 106

      OFFICE BUILDING • 620 SF
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    • Value Estimation by Request
      616 SF

      11500 Rodney Parham Rd, Unit 706

      OFFICE BUILDING • 616 SF
      11500 Rodney Parham Rd, Little Rock, AR 72212-4126
      View Details

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      Move-in Ready Office Suite

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      16901 Chenal Pkwy, Little Rock, AR 72212

      Land
      16901 Chenal Pkwy, Little Rock, AR 72212
      View Details
    • New
      $120,000
      0.68 Acres

      Residential Land in Gated Subdivision

      Residential land for sale in West Little Rock, Arkansas.
      2 Beau Rivage Ct, Little Rock, AR 72212
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      0.23 Acres

      Residential Lots in Don Roberts

      Two vacant lots in a well-established neighborhood near schools.
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      Mixed-Use Development Land Available

      10+ acre mixed-use development opportunity with high traffic volume.
      Anderson Dr, Little Rock, AR 72212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office and Retail Spaces Available

      Multiple suites available for rent in Little Rock, Arkansas.
      11715 Rainwood Rd, Little Rock, AR 72212
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    • $600 /Mo
      140 SF

      Office Space For Lease

      Office space available in a convenient Little Rock location.
      11621 Rainwood Rd, Little Rock, AR 72212
      View Details
    • $21 SF/Yr
      12,839 SF

      Office Space Available For Lease

      Office space available for lease in Little Rock, Arkansas.
      11101 Anderson Dr, Little Rock, AR 72212
      View Details
    • Contact for pricing

      11815 Hinson Rd, Little Rock, AR 72212

      Office Units
      11815 Hinson Rd, Little Rock, AR 72212
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      Professional Office Space For Lease

      Office property for lease with customizable tenant improvement allowances.
      3801 Woodland Heights Rd, Little Rock, AR 72212
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      Retail Space Available For Rent

      Single tenant retail space available for rent, 2,000 SqFt.
      11220 N Rodney Parham Rd, Little Rock, AR 72212
      View Details
    View Listing
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    Little Rock, AR 72212
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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.

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