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    11324 Kanis Rd Little Rock, AR 72211-3837
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    Property profile & analytics

    11324 Kanis Rd, Little Rock, AR 72211-3837

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    • Individual retail properties
    • 2,412 SF
    • 0.84 lot acres
    Off-Market
    Property ID
    US05-0412523
    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

    • Face Place / Medical Clinic / Skin Care Clinic
    • Tiffany little rock stylist hair make up / Hair Salon

    Property Details for 11324 Kanis Rd

    Year built
    1946
    Lot size
    0.84 lot acres
    Property type
    Individual retail properties
    APN
    44L-069-09-001-00
    APU
    44L0690900100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2019 — City Of Little Rock Hendrixson LLC Warranty Deed · related —
    May 16, 2006 — Hendrixson LLC Hendrixson,michael & Connie Quit Claim Deed $475k · One Bank & Trust
    Feb 14, 2005 $295,000 Michael Hendrixson Griffin,marvin T & Eva Warranty Deed $380k · One Bank & Trust
    — — Hendrixson LLC — Deed Of Trust · related —
    — — Hendrixson LLC — Deed Of Trust · related $399k · Iberiabank

    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
    -92.4007
    Latitude
    34.7438
    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
    $5,709
    $43,908
    $37,647
    $81,555
    -
    $219,540
    $188,235
    $407,775

    Comparable in this City

    • Value Estimation
      $1,015,000
      43,460 SF

      11700 Chenal Pkwy

      GYM, HEALTH SPA
      11700 Chenal Pkwy, Little Rock, AR 72211-3722
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    • Value Estimation by Request
      10,710 SF

      13401 Chenal Pkwy

      GYM, HEALTH SPA
      13401 Chenal Pkwy, Little Rock, AR 72211-5383
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    • Value Estimation
      $795,000
      4,950 SF

      201 Bowman Rd

      DRY CLEANER
      201 Bowman Rd, Little Rock, AR 72211-2732
      View Details
    • Value Estimation
      $535,000
      1,271 SF

      10724 Markham St

      CONVENIENCE STORE
      10724 Markham St, Little Rock, AR 72211-2824
      View Details
    • Value Estimation
      $5,665,000
      3,600 SF

      11921 Kanis Rd

      CONVENIENCE STORE
      11921 Kanis Rd, Little Rock, AR 72211-3732
      View Details
    • Value Estimation by Request
      2,080 SF

      1212 Bowman Rd

      SHOW ROOM, WAREHOUSE
      1212 Bowman Rd, Little Rock, AR 72211-4202
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      West Little Rock Retail Investment

      Prime location near major retailers and transportation routes.
      106 Markham Park Dr, Little Rock, AR 72211
      View Details
    • $1,969,000

      West Little Rock Redevelopment Opportunity

      Former bank branch for sale in prime West Little Rock location.
      11000 Financial Centre Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale.
      11200 Kanis Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Mixed-Use Building in West Little Rock

      Income-producing property with restaurant and office space in prime location.
      101 S Bowman Rd, Little Rock, AR 72211
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      24,092 SF

      Chenal Parkway Retail Space

      High-traffic storefront, ample parking
      12309 Chenal Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing
      2,027 SF

      Retail Space Available

      Retail space available for rent.
      301-303 South Bowman Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing
      1,050 SF

      Established Retail Shopping Center Space

      Retail space in established shopping center with strong co-tenants.
      1508 Macon Dr, Little Rock, AR 72211
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Little Rock

      Retail space available for lease in Little Rock, Arkansas.
      12111 W Markham St, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Retail Space in Bowman Center

      Retail space available in established West Little Rock shopping center.
      200 N Bowman Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Retail Space in Chenal Corridor

      Retail space with full Chenal frontage, near many retailers.
      15104 Chenal Pkwy, Little Rock, AR 72211
      View Details
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    Little Rock, AR 72211-3837
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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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    11324 Kanis Rd, Little Rock, AR, 72211
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