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    Property profile & analytics

    16623 Cantrell Rd Little Rock, AR 72223-4247

    • Office buildings
    • 5,776 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0302713
    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

    • Shelter Insurance - Jeffrey Hodge / Insurance Agency
    • contractorwholesales.com / General Contractor
    • ProFinder USA / General Contractor
    • Abound Psychological Services, PLLC / Counselor
    • JJC Real Estate Group at Keller Williams Realty / Real Estate Agency

    Property Details for 16623 Cantrell Rd

    Year built
    2005
    Lot size
    0.42 lot acres
    Property size
    5,776 SF
    Property type
    Office buildings
    APN
    53L-024-33-001-02
    APU
    53L0243300102

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $680,000
      Market price range: $680k - $1.36M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $880,000
      NEIGHBORHOOD: SHOPPING CENTER
      $755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4567
    Latitude
    34.8027
    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
    $5,278
    $42,928
    $39,152
    $82,080
    -
    $214,640
    $195,760
    $410,400

    Comparable in this City

    • Value Estimation by Request
      2,472 SF

      15104 Pride Vly Rd

      OFFICE BUILDING • 2,472 SF
      15104 Pride Vly Rd, Little Rock, AR 72223-4934
      View Details
    • Value Estimation
      $510,000
      2,352 SF

      15100 Pride Vly Rd

      OFFICE BUILDING • 2,352 SF
      15100 Pride Vly Rd, Little Rock, AR 72223-4934
      View Details
    • Value Estimation
      $1,185,000
      9,700 SF

      15825 Cantrell Rd

      OFFICE BUILDING • 9,700 SF
      15825 Cantrell Rd, Little Rock, AR 72223-4249
      View Details
    • Value Estimation by Request
      1,696 SF

      15924 Cantrell Rd

      OFFICE BUILDING • 1,696 SF
      15924 Cantrell Rd, Little Rock, AR 72223-4259
      View Details
    • Value Estimation
      $1,050,000
      6,912 SF

      12915 Cantrell Rd

      OFFICE BUILDING • 6,912 SF
      12915 Cantrell Rd, Little Rock, AR 72223-1701
      View Details
    • Value Estimation
      $7,750,000
      67,360 SF

      17300 Chenal Pkwy

      OFFICE BUILDING • 67,360 SF
      17300 Chenal Pkwy, Little Rock, AR 72223-5876
      View Details

    Similar Nearby for Sale

    • $1,343,564
      2,336 SF

      Rare Land with Development Potential

      2.66+/- acres near Chenal development with existing office building.
      18425 Kanis Rd, Little Rock, AR 72223
      View Details
    • $1,221,422
      2,300 SF

      Well-Maintained Office with Development Potential

      Office property with extra land in a prime Little Rock location.
      18425 Kanis Rd, Little Rock, AR 72223
      View Details
    • $1,500,000
      2.97 Acres

      Cantrell Road Commercial Development Opportunity

      2.97 acre commercial development site in West Little Rock.
      001 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing
      5,000 SF

      Office Building with Storage

      Office building with detached storage building for sale.
      7110 Highway 300, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Cantrell Road Commercial Development Opportunity

      High-visibility land ideal for retail, office, or mixed-use development.
      18210 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $1,221,422
      2.80 Acres

      Office Building and Land Available

      Office building with land, development potential in Little Rock, AR.
      18425-18509 Kanis Rd, Little Rock, AR 72223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Little Rock Office Center

      Office center on Cantrell Road with high visibility and parking.
      16101 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing
      3,500 SF

      Office Building in West Little

      Office building for rent next to Bank OZK headquarters.
      6323 Ranch Dr, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building with landscaped grounds and nearby amenities.
      17300 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Class A Office Building

      Quiet office environment with landscaped grounds near Chenal Parkway.
      17300 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Medical Spa Space Available Soon

      Move-in ready medical spa space available November 2025.
      14810 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Office/Retail Space For Lease

      Professional office and retail spaces available for lease.
      17200 Chenal Pkwy, Little Rock, AR 72223
      View Details
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    16623 Cantrell Rd
    Little Rock, AR 72223-4247
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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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