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    201 4Th St North Little Rock, AR 72114
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    Property profile & analytics

    201 4Th St North Little Rock, AR 72114

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    • Commercial real estate
    • 15,000 SF
    • 1.21 lot acres
    Off-Market
    Property ID
    US05-0717030
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Preserve Arkansas / Charitable Organization / Social Service Agency
    • Refuge Church / Church
    • Mirage Towing and Roadside Co. / Auto Repair Shop
    • Katie Connally Confections / Take-out & Catering / Catering Service

    Property Details for 201 4Th St

    Year built
    1930
    Lot size
    1.21 lot acres
    Property size
    15,000 SF
    Property type
    Commercial real estate

    Description

    This exceptional 15,000 square foot retail and restaurant property is situated on a 1.21-acre lot in the vibrant Argenta Arts District of North Little Rock, Arkansas. Built in 1930, this single-tenant building offers 8,200 square feet of usable space, ideal for a variety of businesses. Its prime location is just one block from Main Street and within easy walking distance of key attractions such as the Argenta Plaza, Simmons Bank Arena, and Dickey-Stephens Park. The Argenta Arts District has experienced significant investment since 1994, with approximately $47 million invested in Main Street improvements, including substantial restoration of historic structures. This property benefits from its proximity to a thriving community space, attracting significant foot traffic and offering excellent visibility. The property's location within Pulaski County, Arkansas, and its specific address at 201 W 4th St, North Little Rock, ZIP code 72114, ensures easy access and high visibility within the area. The property's courtyard subtype adds to its unique appeal. This is a rare opportunity to own a piece of North Little Rock's rich history and vibrant future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.269047153287
    Latitude
    34.757074603688

    Comparable in this City

    • Contact for pricing

      Main Street Retail Space Available

      Prime retail space in Argenta Arts District with high visibility.
      321 Main St, North Little Rock, AR 72114
      View Details
    • $14 SF/Yr
      9,664 SF

      429 Main St: Creative Office Space

      Historic North Little Rock Office/Retail
      429 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      Retail/Office Space in Argenta District

      Open layout in a walkable, historic arts district.
      317 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      770 SF

      North Little Rock Retail/Office Space

      204 SF retail or office space available for rent.
      1920 Main St, North Little Rock, AR 72114
      View Details
    • $5,400 /Mo
      11,300 SF

      North Little Rock Flex Space

      Versatile industrial space with convenient access to major transportation routes.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      Warehouse/Flex Space For Lease

      Warehouse and flex space available for lease.
      700 W Broadway St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Sale

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      2,141 SF

      Turnkey Restaurant on I-40 Frontage

      Vacant restaurant property with lease and income in place.
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      Freestanding Commercial Building For Sale

      Highly visible commercial building in the heart of North Little Rock.
      418 E Broadway St, North Little Rock, AR 72114
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    • $645,000
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      North Little Rock Building and Land

      6,930 SF building suitable for offices, retail, or restaurant.
      109 E Pershing Blvd, North Little Rock, AR 72114
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    • New
      $270,000
      3,640 SF

      North Little Rock Catering Venue

      Catering venue for sale near Argenta District, North Little Rock.
      1715 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      2,144 SF

      Vacant Restaurant Building For Sale

      Free-standing, vacant restaurant building with redevelopment potential on 0.62 acres.
      901 E Broadway St, North Little Rock, AR 72114
      View Details
    • $185,000
      0.41 Acres

      Retail Building on Corner Lot

      Retail building on high-visibility corner lot in East Argenta.
      809 E Washington Ave, North Little Rock, AR 72114
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      9,664 SF

      429 Main St: Creative Office Space

      Historic North Little Rock Office/Retail
      429 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      Retail/Office Space in Argenta District

      Open layout in a walkable, historic arts district.
      317 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      770 SF

      North Little Rock Retail/Office Space

      204 SF retail or office space available for rent.
      1920 Main St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      Main Street Retail Space Available

      Prime retail space in Argenta Arts District with high visibility.
      321 Main St, North Little Rock, AR 72114
      View Details
    • $3,750 /Mo
      6,300 SF

      North Little Rock Flex Space

      6,300 SF flex space with customization potential for lease.
      2222 E Broadway St, North Little Rock, AR 72114
      View Details
    • Contact for pricing

      North Little Rock Office Space

      Office space with multiple offices, breakroom, and reception area.
      406 Pershing Blvd, North Little Rock, AR 72114
      View Details
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    North Little Rock, AR 72114
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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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