Property profile

1520 Riverfront Dr Little Rock, AR 72202

OFF-MARKET
Office buildings
Property ID
US05-0258297
23,860 SF 2.04 ac lot Built 2002
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-story office building, situated at 1520 Riverfront Drive in Little Rock, Arkansas, presents a compelling opportunity for businesses seeking a well-located and functional workspace. The property, built in 2002, encompasses a total of 23,860 square feet on a 2.04-acre lot within Pulaski County (APN: 33L-007.00-011.01). Currently, there are two available suites totaling 1,435 square feet of vacant space, offering flexible leasing options with the possibility of combining the suites. Each suite offers a practical and functional layout, suitable for a variety of commercial tenants. The building is classified as Class C and features ample parking, ensuring convenient access for employees and clients. Its prime location offers easy access to local amenities, and the proximity to the Arkansas River Trail and nearby parks enhances the desirability of this location. The full-service gross lease rate is competitively priced at $15.50 per square foot. This property represents a strong value proposition for businesses seeking a well-appointed office space in a desirable Little Rock neighborhood, with zip code 72202.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Total area 23,860 SF
Lot 2.04 ac (88,862 SF)
APN 33L-007-00-011-01
UPID US05-0258297

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Military Recruiting Office
  • Military Base Military Recruiting Office
  • Army Facility Federal Government Office

Location

1520 Riverfront Dr Little Rock, AR 72202-1724
Little Rock metro Census 1502 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.73M
Comparable Approach Comparable
$2.93M
Blend (final) Blend
$635k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $4.4M +86.8%
Medical building $3.9M +64.7%
Retail stores $3.6M +53.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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