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    17701 Chenal Pkwy Little Rock, AR 72223-5805
    Property profile & analytics

    17701 Chenal Pkwy Little Rock, AR 72223-5805

    View on Map
    • Super regional malls
    • 3,782 SF
    • 1.46 lot acres
    Off-Market
    Last Sale Jan 21, 2022
    $1,280,000
    Property ID
    US05-1706576
    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
    $1,280,000
    Show details
    Cap Rate Potential
    3.5%
    Super regional malls
    Location Intelligence

    Current Use by Public Records

    • City Silo Table + Pantry / Restaurant
    • Red Door Realty, LLC / Real Estate Agency

    Property Details for 17701 Chenal Pkwy

    Year built
    2016
    Lot size
    1.46 lot acres
    Property size
    3,782 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    53L-036-02-003-00
    APU
    53L0360200300

    Description

    This exceptional 7,494 square foot retail property, located at 17701 Chenal Parkway in Little Rock, Arkansas, presents a prime leasing opportunity. The single-story building, constructed in 2008, sits on a 1.47-acre lot and boasts a prominent location with frontage on Chenal Parkway. Its strategic placement next to the Promenade at Chenal ensures high visibility and significant foot traffic. The property is a multi-tenant strip retail center, currently featuring two suites. A substantial 3,708 square feet of in-line retail space is immediately available for lease. This space offers excellent potential for a variety of retail businesses. The entire building encompasses 7,494 square feet, providing ample space for multiple tenants. The lease rate for the available suite is $32 per square foot, with a triple net lease structure. Pulaski County is the location, and the property's address is 17701 Chenal Pkwy, Little Rock, AR 72223. This is a rare opportunity to secure a high-profile retail space in a thriving Little Rock commercial area. The property's convenient location and ample space make it an ideal choice for businesses seeking strong visibility and accessibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,295,000
      ML approach
      $1,265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $811,000
      Market price range: $132k - $811k

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4568
    Latitude
    34.7663
    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
    $18,371
    $228,953
    $56,750
    $285,703
    -
    $1,144,765
    $283,750
    $1,428,515

    Comparable in this City

    • Value Estimation
      $1,255,000
      9,220 SF

      2504 Ferndale Cut Off Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 9,220 SF
      2504 Ferndale Cut Off Rd, Little Rock, AR 72223-9658
      View Details
    • Value Estimation
      $1,385,000
      10,953 SF

      16103 Chenal Pkwy

      SHOPPING CENTER, STRIP CENTER • 10,953 SF
      16103 Chenal Pkwy, Little Rock, AR 72223-5903
      View Details
    • Value Estimation by Request
      4,680 SF

      13900 Cantrell Rd

      SHOPPING CENTER, STRIP CENTER • 4,680 SF
      13900 Cantrell Rd, Little Rock, AR 72223-1508
      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
      $2,715,000
      22,174 SF

      16900 Chenal Pkwy

      SHOPPING CENTER, STRIP CENTER • 22,174 SF
      16900 Chenal Pkwy, Little Rock, AR 72223-4028
      View Details

    Similar Nearby for Sale

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      West Little Rock Land Opportunity

      Land available in West Little Rock ranging from 1.33-58.66 acres.
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    • $1,975,000

      Development Land For Sale

      3.12 acres of commercial development land for sale.
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    Similar Nearby for Lease

    • $22 SF/Yr

      Retail Space in West Little

      Retail space for lease in West Little Rock location.
      12911 Cantrell Rd, Little Rock, AR 72223
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      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
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      4,358 SF

      Former Visitor Center For Lease

      Former visitor center with river views and parking for lease.
      11901 Pinnacle Valley Rd, Little Rock, AR 72223
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    • Contact for pricing

      Drive-Thru Restaurant Space Available

      Restaurant space with drive-thru and patio in multi-use development.
      18020 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces ranging from 1,523 to 7,490 SqFt available.
      1120 Rahling Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Chenal Parkway Retail/Medical Suites

      Suites ideal for retail, medical, or service businesses.
      17200 Chenal Pkwy, Little Rock, AR 72223
      View Details
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    Little Rock, AR 72223-5805
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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.

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