Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1122 3rd St Little Rock, AR 72201-2008
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1122 3rd St Little Rock, AR 72201-2008

    View on Map
    • Warehouses
    • 3,966 SF
    • 0.15 lot acres
    Off-Market
    Property ID
    US05-0220036
    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

    • Ad Craft of Arkansas, Inc. / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 1122 3rd St

    Year built
    1935
    Lot size
    0.15 lot acres
    Property size
    3,966 SF
    Property type
    Warehouses
    APN
    34L-020-15-110-00
    APU
    34L0201511000

    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
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2835
    Latitude
    34.7481
    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
    $1,680
    $13,066
    $10,934
    $24,000
    -
    $65,330
    $54,670
    $120,000

    Comparable in this City

    • Value Estimation
      $2,225,000
      30,000 SF

      500 President Clinton Ave

      WAREHOUSE, STORAGE • 30,000 SF
      500 President Clinton Ave, Little Rock, AR 72201-1756
      View Details
    • Value Estimation by Request
      6,490 SF

      805 Broadway St

      WAREHOUSE, STORAGE • 6,490 SF
      805 Broadway St, Little Rock, AR 72201-4123
      View Details
    • Value Estimation by Request
      7,000 SF

      815 Broadway St

      WAREHOUSE, STORAGE • 7,000 SF
      815 Broadway St, Little Rock, AR 72201-4123
      View Details
    • Value Estimation
      $565,000
      12,386 SF

      813 Izard St

      WAREHOUSE, STORAGE • 12,386 SF
      813 Izard St, Little Rock, AR 72201
      View Details
    • Value Estimation
      $1,465,000
      36,672 SF

      229 Capitol Ave

      WAREHOUSE, STORAGE • 36,672 SF
      229 Capitol Ave, Little Rock, AR 72201-3601
      View Details
    • Value Estimation
      $2,095,000
      31,780 SF

      119 Main St

      WAREHOUSE, STORAGE • 31,780 SF
      119 Main St, Little Rock, AR 72201-1505
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,965 SF

      Downtown Development Opportunity

      Warehouse and vacant land near Little Rock's Central Business District.
      106 S Cross St, Little Rock, AR 72201
      View Details
    • Contact for pricing
      49,000 SF

      Downtown Little Rock Flex Property

      49,000 SF mixed-use property in downtown Little Rock.
      1110 W 7Th St, Little Rock, AR 72201
      View Details
    • Contact for pricing
      20,902 SF

      Versatile Flex Space in Little Rock

      20,902 SF flex space with parking and warehouse.
      920 S Spring St, Little Rock, AR 72201
      View Details
    • Contact for pricing
      20,902 SF

      Renovated Commercial Property Near I-630

      Long-time business location near I-630 and Broadway.
      920 S Spring St, Little Rock, AR 72201
      View Details
    • $1,150,000
      10,000 SF

      Downtown Little Rock Mixed-Use Building

      10,000 SF building with office and warehouse space for sale.
      900 W 7Th St, Little Rock, AR 72201
      View Details
    • $895,000
      14,000 SF

      Downtown Commercial Space in Little Rock

      Two-story commercial building with retail, office, and light industrial potential.
      815 Main St, Little Rock, AR 72201
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dark Fiber Route

      Dark fiber route available from Little Rock to Memphis.
      Dark Fiber Little Rock To Memphis, Little Rock, AR 72201
      View Details
    • Contact for pricing
      3,000 SF

      Industrial Space with Easy Access

      Industrial property featuring kitchenette, parking, and highway access.
      201 S Victory St, Little Rock, AR 72201
      View Details
    • Sponsored
      Contact for pricing

      Regions Center

      Discover many ways to work your way in Regions Center
      400 Capitol Ave, Little Rock, AR 72201
      View Details
    • $12 SF/Yr
      8,568 SF

      Spring Street Medical Office Space

      8,568 SF Medical/Flex Space For Lease
      824 Spring St, Little Rock, AR 72201
      View Details
    • Contact for pricing

      Downtown Commercial Space For Rent

      Two-story commercial space in downtown Little Rock.
      815 Main St, Little Rock, AR 72201
      View Details
    • Contact for pricing

      Renovated Commercial Property Near I-630

      Long-time business location near I-630 and Broadway.
      920 S Spring St, Little Rock, AR 72201
      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.
    1122 3rd St
    Little Rock, AR 72201-2008
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!