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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17116 Chenal Pkwy Little Rock, AR 72223-4040

    • Drive through restaurants
    • 2,196 SF
    • 1.14 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2023
    $2,285,700
    Value Estimations
    $2,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0107717
    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

    • Taco Bell / Takeout Restaurant / Mexican Restaurant

    Property Details for 17116 Chenal Pkwy

    Lot size
    1.14 lot acres
    Property size
    2,196 SF
    Property type
    Drive through restaurants
    APN
    53L-036-09-006-00
    APU
    53L0360900600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,435,000
      ML approach
      $2,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,660,000
      Market price range: $343k - $1.83M

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4532
    Latitude
    34.7607
    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
    $22,123
    $149,229
    $194,829
    $344,058
    -
    $746,145
    $974,145
    $1,720,290

    Comparable in this City

    • Value Estimation
      $4,555,000
      9,821 SF

      13924 Cantrell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 9,821 SF
      13924 Cantrell Rd, Little Rock, AR 72223-1508
      View Details
    • Value Estimation
      $3,535,000
      3,404 SF

      17716 Cantrell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,404 SF
      17716 Cantrell Rd, Little Rock, AR 72223
      View Details
    • Value Estimation by Request
      1,746 SF

      12901 Cantrell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,746 SF
      12901 Cantrell Rd, Little Rock, AR 72223-1701
      View Details
    • Value Estimation
      $1,045,000
      2,102 SF

      17710 Cantrell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,102 SF
      17710 Cantrell Rd, Little Rock, AR 72223-4684
      View Details
    • Value Estimation by Request
      2,302 SF

      19600 Cantrell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,302 SF
      19600 Cantrell Rd, Little Rock, AR 72223-4785
      View Details
    • Value Estimation by Request
      3,679 SF

      15000 Cantrell Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,679 SF
      15000 Cantrell Rd, Little Rock, AR 72223-4273
      View Details

    Similar Nearby for Sale

    • $599,000

      Cantrell Road Commercial Land

      Prime West Little Rock lot, high visibility.
      12904 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $5,642,109
      47.10 Acres

      West Little Rock Multifamily Land

      47 Acres, Prime Development Site
      0 Dv Pkwy & Chenal Pkwy, Little Rock, AR 72223
      View Details
    • $2,325,000

      4.17 Acre Land Parcel

      4.17 acre land parcel zoned for single family development.
      14915 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $207,360
      13.80 Acres

      Land for Development or Home

      Wooded acreage near Little Rock, perfect for development or home.
      Garrison Rd West, Little Rock, AR 72223
      View Details
    • $524,900
      2.05 Acres

      Residential Lot in Gated Community

      2+ acre residential lot with golf course access.
      26 Varennes Ct, Little Rock, AR 72223
      View Details
    • $113,000
      0.25 Acres

      Residential Lot in Chenal Valley

      Residential lot in Chenal Valley neighborhood with amenities.
      30 Caurel Ct, Little Rock, AR 72223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,073 SF

      Crossroads Chenal: Prime Retail Space

      Little Rock medical/office suites available. Excellent West Little Rock location.
      18020 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing
      25,706 SF

      Prime Little Rock Retail Space

      Cantrell Road Shopping Center: 2 Suites Available
      14810 Cantrell 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
    • $26 SF/Yr
      868 SF

      Retail Space Near Kroger Marketplace

      Retail space anchored by Kroger Marketplace and Costco.
      16103 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing
      50,660 SF

      The Centre at Chenal Medical Office Space

      Prime Little Rock medical office suites available.
      17200 Chenal Pkwy, Little Rock, AR 72223
      View Details
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    17116 Chenal Pkwy
    Little Rock, AR 72223-4040
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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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