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

    1811 Rahling Rd Little Rock, AR 72223

    • Office buildings
    • 20,410 SF
    • 1.93 lot acres
    For Lease
    View listing
    $26 SF/Yr
    Last Sale
    May 18, 2023
    $3,500,000
    Value Estimations
    $3,695,000
    Cap Rate Potential
    5.6%
    Office buildings
    Location Intelligence
    Property ID
    US05-0264232
    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

    • UAMS Health - C. Preston McCormack, M.D. / Pediatrician
    • UAMS - Morgan Moore Horn, M.D. / Pediatrician
    • UAMS Health - Caleb L. Guthrey, M.D. / Pediatrician
    • UAMS Health - Neighborhood Clinic / Pediatric Clinic / Medical Clinic
    • UAMS - Roslyn A. Grimsley, CNP / Nurse Practitioner

    Property Details for 1811 Rahling Rd

    Year built
    2007
    Lot size
    1.93 lot acres
    Property size
    20,410 SF
    Property type
    Office buildings
    APN
    53L-036-05-004-00
    APU
    53L0360500400

    Description

    This exceptional office space, located at 1811 Rahling Rd in Little Rock, Arkansas, offers 1,145 square feet of versatile space within a larger 23,108 square foot building. Situated on a 2.17-acre lot in Pulaski County, this single-story building is ideally suited for a variety of businesses. The property's zoning allows for traditional office, medical office, and creative office uses, providing flexibility for potential tenants. The available space is currently vacant and ready for immediate occupancy. The building's multiple tenancy structure ensures a vibrant and collaborative environment. This prime West Little Rock location offers easy access to major thoroughfares, providing excellent visibility and convenient commuting for employees and clients. The address is 1811 Rahling Rd, Little Rock, AR 72223. This is a fantastic opportunity to secure high-quality office space in a desirable area. The property's size and location make it an attractive option for businesses seeking a prominent presence in the Little Rock market. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,725,000
      ML approach
      $3,860,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,455,000
      6.5%
      $3,190,000
      7%
      $2,960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,996,000
      Market price range: $2.40M - $4.79M
      AI Estimate
      $2,573,000
      Market price range: $752k - $3.51M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,275,000
      Current use
      COMMERCIAL (GENERAL)
      $3,800,000
      Change: +16% Conversion: Easy
      MEDICAL BUILDING
      $3,350,000
      Change: +2% Conversion: Easy
      RETAIL STORES
      $3,115,000
      Change: -5% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,665,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4477
    Latitude
    34.7724
    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
    $44,096
    $283,575
    $402,205
    $685,780
    -
    $1,417,875
    $2,011,025
    $3,428,900

    Comparable in this City

    • Value Estimation
      $410,000
      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
      $460,000
      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
      $300,000
      8,100 SF

      Hwy 300

      OFFICE BUILDING • 8,100 SF
      Hwy 300, Little Rock, AR 72223
      View Details
    • Value Estimation
      $340,000
      9,700 SF

      15825 Cantrell Rd

      OFFICE BUILDING • 9,700 SF
      15825 Cantrell Rd, Little Rock, AR 72223-4249
      View Details
    • Value Estimation
      $280,000
      1,696 SF

      15924 Cantrell Rd

      OFFICE BUILDING • 1,696 SF
      15924 Cantrell Rd, Little Rock, AR 72223-4259
      View Details
    • Value Estimation
      $340,000
      6,912 SF

      12915 Cantrell Rd

      OFFICE BUILDING • 6,912 SF
      12915 Cantrell Rd, Little Rock, AR 72223-1701
      View Details

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    1811 Rahling Rd
    Little Rock, AR 72223
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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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