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    1500 College St Little Rock, AR 72202
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    Property profile & analytics

    1500 College St Little Rock, AR 72202

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    • Commercial land
    Off-Market
    Property ID
    US05-0414705
    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

    • Commercial land

    Property Details for 1500 College St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Hanger Hill Opportunity Zone For Sale Multiple Lots Commerical Potential Conveniently located near the River Market, the Clinton Library, Heifer International, as well as dining, the eStem Charter School, and MacArthur Park See marketing flyer for each lot location and sale’s price

    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
    -92.258942
    Latitude
    34.732653

    Comparable in this City

    • Contact for pricing

      Corner Lot Near Industrial Park

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      S State St, Little Rock, AR 72202

      Commercial land
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      40 Acres Commercial Lot

      Commercial land for sale in Southwest Little Rock, Arkansas.
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      Commercial Land in Little Rock

      Commercial land available in Little Rock, Arkansas.
      1012 College St, Little Rock, AR 72202
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      Commercial Lot in Riverdale

      1.27-acre commercial lot in high-traffic Riverdale submarket.
      3600 Cantrell Rd, Little Rock, AR 72202
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      Commercial Land with Development Potential

      Land with commercial potential, accessible to highways and local amenities.
      1423 College St, Little Rock, AR 72202
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    Similar Nearby for Sale

    • Contact for pricing

      Corner Lot Near Industrial Park

      Commercial land with prime location near airport and industrial park.
      Frazier Pike, Little Rock, AR 72202
      View Details
    • $250,000

      S State St, Little Rock, AR 72202

      Commercial land
      S State St, Little Rock, AR 72202
      View Details
    • $2,240,000

      40 Acres Commercial Lot

      Commercial land for sale in Southwest Little Rock, Arkansas.
      11924 Sardis Rd, Little Rock, AR 72202
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    • $775,000

      Riverdale Commercial Land for Development

      Level commercial land in Riverdale, ready for development.
      Riverfront Dr, Little Rock, AR 72202
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    • $150,000
      0.42 Acres

      Downtown Little Rock Land Parcel

      0.42 acre land parcel in downtown Little Rock.
      W 15Th St, Little Rock, AR 72202
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    Similar Nearby for Lease

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      50 SF

      Industrial Land Build to Suit

      50 Acres Industrial Land - Build to Suit Opportunity
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      5,400 SF

      I-30 Frontage Retail Space

      Little Rock, AR: Prime Retail/Restaurant Opportunity
      913 Mcmath Ave, Little Rock, AR 72202
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      2,880 SF

      Downtown Little Rock Flex Space

      Versatile 2,880 sq ft flex space; prime location.
      415 12Th St, Little Rock, AR 72202
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      2,576 SF

      Office Space with River Views

      Office space in Riverdale near the Arkansas River Trail.
      100 River Bluff Dr, Little Rock, AR 72202
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      Flex Space in Riverdale

      Flex space available for lease in the Riverdale submarket.
      2201 Brookwood Dr, Little Rock, AR 72202
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      Office Space with River Views

      Office space available in a campus setting with river views.
      1 Allied Dr, Little Rock, AR 72202
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    1500 College St
    Little Rock, AR 72202
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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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