Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16100 Chenal Pkwy Little Rock, AR 72223

    • Commercial real estate
    • 19,589 SF
    • 5.20 lot acres
    For Lease
    View listing
    Last Sale
    Apr 21, 2022
    $2,946,750
    Value Estimations
    $2,965,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0250282
    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.

    Current Use by Public Records

    • Arthur's Prime Steakhouse / Restaurant
    • Ocean's At Arthurs / Restaurant

    Property Details for 16100 Chenal Pkwy

    Year built
    2000
    Lot size
    5.20 lot acres
    Property size
    19,589 SF
    Property type
    Commercial real estate
    APN
    54L-001-02-001-00
    APU
    54L0010200100

    Description

    This exceptional 1.69-acre commercial land parcel presents a prime opportunity in Little Rock, Arkansas. Located at 16100 Chenal Parkway in Pulaski County, zip code 72223, this single-tenancy lot (Lot 2A) offers significant potential for ground lease or build-to-suit development. The property's convenient location provides easy access to major thoroughfares and surrounding amenities, making it an ideal site for a variety of commercial ventures. The expansive 1.69-acre lot size allows for substantial building footprint and ample parking or landscaping. Utilities are available, though specific details should be verified independently. This is a rare opportunity to acquire a sizable commercial lot in a thriving area of West Little Rock. The property is zoned for commercial use, offering flexibility for various development plans. Interested parties are encouraged to conduct their own due diligence to confirm zoning regulations and suitability for their intended project. Detailed site plans and surveys are available upon request. This property is being offered as-is. Don't miss this chance to secure a strategic location for your next commercial endeavor. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,980,000
      ML approach
      $3,040,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,245,000
      6.5%
      $2,995,000
      7%
      $2,780,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,820,000
      Market price range: $1.02M - $15.3M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,650,000
      Current use
      MEDICAL BUILDING
      $3,215,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $3,140,000
      Change: -14% Conversion: Easy
      RETAIL STORES
      $2,990,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4478
    Latitude
    34.7589
    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
    $46,879
    $290,418
    $438,651
    $729,069
    -
    $1,452,090
    $2,193,255
    $3,645,345

    Comparable in this City

    • Value Estimation by Request
      1.55 Acres

      Rahling Rd

      Land • 1.55 Acres
      0 Rahling Rd, Little Rock, AR 72223
      View Details
    • Value Estimation by Request
      1.55 Acres

      Rahling Rd

      Land • 1.55 Acres
      0 Rahling Rd, Little Rock, AR 72223
      View Details
    • Value Estimation by Request
      4.17 Acres

      14915 Cantrell Rd

      Land • 4.17 Acres
      14915 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Value Estimation by Request

      20220 2nd Towers Rd

      COMMERCIAL (GENERAL)
      20220 2nd Towers Rd, Little Rock, AR 72223
      View Details
    • Value Estimation by Request
      3.37 Acres

      Yacht Clb Dr

      COMMERCIAL (GENERAL) • 3.37 Acres
      Yacht Clb Dr, Little Rock, AR 72223
      View Details
    • Value Estimation
      $12,860,000
      85,956 SF

      2101 Rahling Rd

      COMMERCIAL (GENERAL) • 85,956 SF
      2101 Rahling Rd, Little Rock, AR 72223-6126
      View Details

    Similar Nearby for Sale

    • $1,975,000
      3.12 Acres

      Prime Little Rock Development Land

      3.12 Acres, Hwy 10 Frontage, $1.975M
      18021 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing
      61.33 Acres

      Highway 10 & Chenal Parkway Land

      Prime Little Rock commercial land, development ready.
      0 Hwy 10 & Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing
      1.28 Acres

      Highway 10 & Chenal: Prime Land

      West Little Rock commercial lots, development ready.
      - Lots 2-9D Hwy 10 & Chenal Pkwy, Little Rock, AR 72223
      View Details
    • $172,800
      11.50 Acres

      Garrison Road West Commercial Land

      11.5 Acres, Little Rock, AR - $172,800
      0 Garrison Rd, Little Rock, AR 72223
      View Details
    • $190,650
      13.60 Acres

      Bandy Road Commercial Land Parcel

      13.6 Acres, Prime Little Rock Location
      East Bandy Rd, Little Rock, AR 72223
      View Details
    • $1,590,000
      1.71 Acres

      Prime West Little Rock Commercial Land

      1.71 Acres, C-1 Zoning, Development Ready
      27007 Kanis Rd, Little Rock, AR 72223
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      46,200 SF

      Dogwood Crossing: Prime Retail/Office Space

      Chenal's premier two-building strip center.
      5507 Ranch Dr, Little Rock, AR 72223
      View Details
    • $22 SF/Yr
      6,500 SF

      Prime Chenal Executive Office Space

      6,500 SF Turnkey Office Suite
      27 Rahling Cir, Little Rock, AR 72223
      View Details
    • Contact for pricing
      67,518 SF

      Prime Little Rock Commercial Land

      1.55-Acre Pad-Ready Lot, High Traffic
      0 Rahling Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing
      25,851 SF

      Pinnacle Station Retail Space

      High-traffic Cantrell Road retail center
      14524 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $22 SF/Yr
      60,000 SF

      The Centre at Ten: Retail Space

      West Little Rock retail & restaurant space.
      12911 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $18 SF/Yr
      27,980 SF

      Bella Rosa Executive Suites

      West Little Rock Office Space Available
      16101 Cantrell Rd, Little Rock, AR 72223
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16100 Chenal Pkwy
    Little Rock, AR 72223
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.