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    1515 4th St Little Rock, AR 72202-2808
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    Property profile & analytics

    1515 4th St, Little Rock, AR 72202-2808

    View on Map
    • Distribution centers
    • 56,880 SF
    • 1.93 lot acres
    Off-Market
    Last Sale Apr 14, 2022
    Property ID
    US05-0309018
    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
    $2,060,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harbor Distributing Co / Big Box & Wholesale Store
    • O'Connor Distributing / Distribution Center / Logistics Company
    • Kelly Systems Inc. / Tech Support Center / (Bike/Boat/Book/etc) Store
    • O'Connor-White River Beverage co / Big Box & Wholesale Store

    Property Details for 1515 4th St

    Year built
    1978
    Lot size
    1.93 lot acres
    Property type
    Distribution centers
    APN
    34L-003-00-120-00
    APU
    34L0030012000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 14, 2022 — 1515 Holdings INC Pierce Smith LLC Quit Claim Deed · related $2.4M · First Service Bank
    Jun 15, 2020 $675,000 J Campbell 615 Holdings LLC Adkins Robert R Trust Warranty Deed · related $695k · First St Bk
    Jun 6, 2017 — 1515 Holdings INC — Deed · related —
    May 31, 2017 — Pierce Smith LLC 1515 Holdings INC Quit Claim Deed · related $2.1M · Eagle Bk
    Oct 14, 2016 — 1515 Holdings INC — Deed · related $1.4M · Bank Of The Ozarks
    Mar 31, 2011 — 1515 Holdings INC — Deed Of Trust · related $1.2M · Summit Bank
    — — Pierce Smith LLC — Deed Of Trust · related $2.1M · Eagle Bk
    — — 1515 Holdings INC — Deed Of Trust · related $1.4M · Bank Of The Ozarks
    — — 1515 Holdings INC — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,168,000
      Market price range: $1.57M - $4.73M
      AI Estimate
      $1,486,000
      Market price range: $1.04M - $3.25M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,855,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2532
    Latitude
    34.7435
    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
    $21,490
    $50,358
    $256,642
    $307,000
    -
    $251,790
    $1,283,210
    $1,535,000

    Comparable in this City

    • Value Estimation
      $4,915,000
      76,037 SF

      1900 15th St

      DISTRIBUTION WAREHOUSE
      1900 15th St, Little Rock, AR 72202-5708
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    • Value Estimation by Request
      9,900 SF

      1640 15th St

      DISTRIBUTION WAREHOUSE
      1640 15th St, Little Rock, AR 72202-5702
      View Details
    • Value Estimation by Request
      24,840 SF

      920 Shall Ave

      Distribution properties
      920 Shall Ave, Little Rock, AR 72202
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      3,991 SF

      1401 9Th St

      Office Units
      1401 9Th St, Little Rock, AR 72202
      View Details
    • Value Estimation by Request
      1,440 SF

      913 Shall St

      WAREHOUSE, STORAGE
      913 Shall St, Little Rock, AR 72202
      View Details
    • Value Estimation by Request
      5,120 SF

      1901 15th St

      LIGHT INDUSTRIAL
      1901 15th St, Little Rock, AR 72202-5707
      View Details

    Similar Nearby for Sale

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      2,880 SF

      Versatile Commercial Space in Little

      2,880 SF commercial building suitable for retail, office, or industrial.
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    • $48,600

      Land For Sale

      Land available for purchase.
      913 Welch St, Little Rock, AR 72202
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    • $75,000
      0.17 Acres

      East Village Lot For Sale

      Corner lot in developing East Village neighborhood.
      3Rd St, Little Rock, AR 72202
      View Details
    • $48,600
      0.19 Acres

      Residential Lot in Hanger Hill

      Located in up-and-coming Hanger Hill neighborhood, perfect for new home.
      915 Welch St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      0.05 Acres

      Residential Land in Hanger Hill

      Lot in up-and-coming neighborhood, perfect for new home.
      1010 E 10Th St, Little Rock, AR 72202
      View Details

    Similar Nearby for Lease

    • $144 SF/Yr
      2,880 SF

      Downtown Little Rock Flex Space

      Versatile 2,880 sq ft flex space; prime location.
      415 12Th St, Little Rock, AR 72202
      View Details
    • Contact for pricing

      Flex Space in Riverdale

      Flex space available for lease in the Riverdale submarket.
      2201 Brookwood Dr, Little Rock, AR 72202
      View Details
    • Contact for pricing
      3,750 SF

      Industrial Warehouse Space Available

      3,750 square feet of warehouse space for lease.
      2305 Cantrell Rd, Little Rock, AR 72202
      View Details
    • Contact for pricing

      Class A Office Space

      Office space for lease with river views and trail access.
      100 River Bluff Dr, Little Rock, AR 72202
      View Details
    • Contact for pricing
      50 SF

      Industrial Land Build to Suit

      50 Acres Industrial Land - Build to Suit Opportunity
      Frazier Pike, Little Rock, AR 72202
      View Details
    • Contact for pricing
      8,600 SF

      Office Space For Rent

      8,600 SF office space available for lease.
      2800 Cantrell Rd, Little Rock, AR 72202
      View Details
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    Little Rock, AR 72202-2808
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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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