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    16900 Chenal Pkwy Little Rock, AR 72223-4028
    Property profile & analytics

    16900 Chenal Pkwy Little Rock, AR 72223-4028

    View on Map
    • Strip malls
    • 22,174 SF
    • 2.83 lot acres
    Off-Market
    Property ID
    US05-2049210
    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
    $2,715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Club Pilates / Gym & Fitness Center
    • Orangetheory Fitness / Gym & Fitness Center
    • Tropical Smoothie Cafe / Restaurant
    • Legacy Wine and Spirits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Wayback Burgers / Restaurant

    Property Details for 16900 Chenal Pkwy

    Year built
    2015
    Lot size
    2.83 lot acres
    Property size
    22,174 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    53L-036-09-002-00
    APU
    53L0360900200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,895,000
      Current use
      COMMERCIAL (GENERAL)
      $4,130,000
      Change: +43% Conversion: Easy
      MEDICAL BUILDING
      $3,640,000
      Change: +26% Conversion: Difficult
      OFFICE BUILDING
      $3,555,000
      Change: +23% Conversion: Moderate
      RETAIL STORES
      $3,385,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,540,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4521
    Latitude
    34.7593
    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
    $89,351
    $337,360
    $1,052,240
    $1,389,600
    -
    $1,686,800
    $5,261,200
    $6,948,000

    Comparable in this City

    • Value Estimation
      $990,000
      11,036 SF

      25 Rahling Cir

      SHOPPING CENTER, STRIP CENTER • 11,036 SF
      25 Rahling Cir, Little Rock, AR 72223-9194
      View Details
    • Value Estimation
      $3,825,000
      39,060 SF

      12911 Cantrell Rd

      SHOPPING CENTER, STRIP CENTER • 39,060 SF
      12911 Cantrell Rd, Little Rock, AR 72223-1701
      View Details
    • Value Estimation
      $1,305,000
      13,262 SF

      14309 Cantrell Rd

      SHOPPING CENTER, STRIP CENTER • 13,262 SF
      14309 Cantrell Rd, Little Rock, AR 72223-4217
      View Details
    • Value Estimation
      $1,705,000
      16,144 SF

      14710 Cantrell Rd

      SHOPPING CENTER, STRIP CENTER • 16,144 SF
      14710 Cantrell Rd, Little Rock, AR 72223-4258
      View Details
    • Value Estimation
      $1,130,000
      12,030 SF

      8201 Rnch Blvd

      SHOPPING CENTER, STRIP CENTER • 12,030 SF
      8201 Rnch Blvd, Little Rock, AR 72223-4616
      View Details
    • Value Estimation
      $970,000
      7,664 SF

      17627 Chenal Pkwy

      SHOPPING CENTER, STRIP CENTER • 7,664 SF
      17627 Chenal Pkwy, Little Rock, AR 72223-5803
      View Details

    Similar Nearby for Sale

    • $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

      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
    • $649,900
      1.82 Acres

      1.82 Acres with Rental Income

      1.82 acres with five mobile homes generating monthly income.
      27001 Kanis Rd, Little Rock, AR 72223
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    • Contact for pricing

      West Little Rock Land Opportunity

      Land available in West Little Rock ranging from 1.33-58.66 acres.
      Hwy 10 & Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing

      West Little Rock Development Opportunity

      Land available at Highway 10 & Chenal Parkway.
      - Lots 2-9D Hwy 10 & Chenal Pkwy, Little Rock, AR 72223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      21,007 SF

      Prime Retail Space Available

      Rare inline space in West Little Rock's best real estate.
      16105 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • $22 SF/Yr

      Retail Space in West Little

      Retail space for lease in West Little Rock location.
      12911 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      West Little Rock Retail Space

      High visibility location with major tenants and convenient access.
      12911 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Mixed-Use Property in West Little Rock

      Mixed-use property at a high-traffic intersection in west Little Rock.
      27 Rahling Cir, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 3,215 to 9,286 SqFt.
      14524 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing
      1,788 SF

      Retail Space on Cantrell Road

      Retail space available for lease on Cantrell Road.
      14519 Cantrell Rd, Little Rock, AR 72223
      View Details
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    Little Rock, AR 72223-4028
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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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