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    Property profile & analytics

    1901 N Pierce St Little Rock, AR 72207

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0144013
    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

    • Commercial real estate

    Property Details for 1901 N Pierce St

    Year built
    1980
    Property type
    Commercial real estate

    Description

    This listing presents an appealing office opportunity in one of Little Rock's most desirable live-work-play environments. Offering approximately 16,223 square feet that could be demised into separate floors, the space is available for lease at $12.00 per square foot on a triple-net basis. The property's location in the Heights provides a walkable setting for tenants, situated amid numerous restaurants, retail offerings, and residential areas. While dedicated parking spaces are included, the pedestrian-friendly surroundings offer a compelling amenity for employees. With its proximity to major thoroughfares like Cantrell Road and University Avenue, the suite maintains easy access while allowing companies to tap into the vibrant energy of this coveted neighborhood. For businesses prizing a balanced lifestyle for their workforce, this Heights listing merits serious consideration.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.337875
    Latitude
    34.734445

    Comparable in this City

    • $800 /Mo

      Renovated Retail/Office Space Available

      Retail and office space in Midtown Little Rock for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing

      Office Suites For Rent

      Multiple office suites available for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $13 SF/Yr

      Professional Office Space Available

      Office suites available in a convenient location near Hillcrest and Heights.
      1501 N Pierce St, Little Rock, AR 72207
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Conveniently located office space with free parking and competitive rates.
      1501 North Pierce St, Little Rock, AR 72207
      View Details
    • $8,900 /Mo
      6,600 SF

      Cantrell Road Commercial Space Available

      Commercial space for lease with high visibility on Cantrell Road.
      7310 Cantrell Rd Rd, Little Rock, AR 72207
      View Details
    • $400 /Mo

      Renovated Office Suites For Rent

      Newly renovated office suites available near Midtown, Heights, and Hillcrest.
      1900 North Bryant St, Little Rock, AR 72207
      View Details

    Similar Nearby for Sale

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      Vacant residential lot in Little Rock's Kingwood Place Subdivision.
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      Residential Lot in Woodglen Park

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      Triplex and Duplex near Midtown, Little Rock. Great investment opportunity.
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    Similar Nearby for Lease

    • Contact for pricing

      Office Suites For Rent

      Multiple office suites available for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $13 SF/Yr

      Professional Office Space Available

      Office suites available in a convenient location near Hillcrest and Heights.
      1501 N Pierce St, Little Rock, AR 72207
      View Details
    • $800 /Mo

      Renovated Retail/Office Space Available

      Retail and office space in Midtown Little Rock for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Kavanaugh Boulevard

      Retail space with frontage on Kavanaugh Boulevard.
      5619-5621 Kavanaugh Blvd, Little Rock, AR 72207
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    • $22 SF/Yr

      Retail Space on Cantrell Road

      Prime retail space in Little Rock's Westgate Center.
      6815 Cantrell Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Conveniently located office space with free parking and competitive rates.
      1501 North Pierce St, Little Rock, AR 72207
      View Details
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    1901 N Pierce St
    Little Rock, AR 72207
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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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