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    11921 Kanis Rd Little Rock, AR 72211-3732
    Property profile & analytics

    11921 Kanis Rd Little Rock, AR 72211-3732

    View on Map
    • Grocery and convenience stores
    • 3,600 SF
    • 0.87 lot acres
    Off-Market
    Last Sale Dec 29, 2022
    $5,702,615
    Property ID
    US05-0034532
    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
    $5,665,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Krispy Krunchy Chicken / Restaurant
    • Circle K / Grocery & Convenience Store

    Property Details for 11921 Kanis Rd

    Lot size
    0.87 lot acres
    Property size
    3,600 SF
    Property type
    Grocery and convenience stores
    APN
    44L-078-21-001-00
    APU
    44L0782100100

    Description

    This exceptional 0.75-acre commercial land parcel, totaling 32,670 square feet, is strategically located in West Little Rock at the intersection of Kanis Road and Bowman Road, in Pulaski County, Arkansas. The property's single-tenant zoning presents a unique opportunity for developers seeking a prime location for various commercial ventures. The expansive lot size offers ample space for new construction, allowing for flexibility in design and functionality. Its convenient location provides excellent visibility and accessibility, ensuring high traffic volume and potential for significant return on investment. The address is 11921 Kanis Rd, Little Rock, AR 72211. This property is available for outright sale, ground lease, or build-to-suit arrangements, offering diverse options to suit various investment strategies. The property's location within Pulaski County, Arkansas, provides access to a thriving business community and a robust infrastructure. This is an exceptional opportunity to acquire a highly desirable commercial land parcel in a rapidly growing area of Little Rock. Serious inquiries are encouraged to explore the possibilities this property presents.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,770,000
      ML approach
      $5,490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4068
    Latitude
    34.7432
    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
    $23,690
    $113,691
    $224,741
    $338,432
    -
    $568,455
    $1,123,705
    $1,692,160

    Comparable in this City

    • Value Estimation
      $535,000
      1,271 SF

      10724 Markham St

      CONVENIENCE STORE • 1,271 SF
      10724 Markham St, Little Rock, AR 72211-2824
      View Details
    • Value Estimation
      $570,000
      3,200 SF

      11911 Mara Lynn Rd

      CONVENIENCE STORE • 3,200 SF
      11911 Mara Lynn Rd, Little Rock, AR 72211-2335
      View Details
    • Value Estimation by Request
      2,496 SF

      1414 Shackleford Rd

      CONVENIENCE STORE • 2,496 SF
      1414 Shackleford Rd, Little Rock, AR 72211-1830
      View Details
    • Value Estimation
      $655,000
      3,468 SF

      12600 Chenal Pkwy

      CONVENIENCE STORE • 3,468 SF
      12600 Chenal Pkwy, Little Rock, AR 72211-3362
      View Details
    • Value Estimation
      $6,440,000
      5,700 SF

      15617 Chenal Pkwy

      CONVENIENCE STORE • 5,700 SF
      15617 Chenal Pkwy, Little Rock, AR 72211-2030
      View Details
    • Value Estimation by Request
      717 SF

      12526 Chenal Pkwy

      CONVENIENCE STORE • 717 SF
      12526 Chenal Pkwy, Little Rock, AR 72211
      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
      38,000 SF

      Land For Sale

      Commercial land available for sale.
      11220 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
    • $10 SF/Yr
      950 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
      2,027 SF

      Retail Space Available

      Retail space available for rent.
      301-303 South Bowman Rd, Little Rock, AR 72211
      View Details
    • $2,000 /Mo
      1,400 SF

      Versatile Commercial Space in Little Rock

      Commercial space suitable for fitness, retail, medical, or professional use.
      400 Bowman Rd, 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

      Chenal Parkway Commercial Land Lease

      Commercial land available for lease on Chenal Parkway.
      15400 Chenal Pkwy, Little Rock, AR 72211
      View Details
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    Little Rock, AR 72211-3732
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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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