Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2216 Wright Ave Little Rock, AR 72202-6162

    • Individual retail properties
    • 320 SF
    OFF-MARKET
    Value Estimations
    $290,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0465197
    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

    • Kb's Barber Shop / Barber Shop

    Property Details for 2216 Wright Ave

    Year built
    1950
    Property size
    320 SF
    Property type
    Individual retail properties
    APN
    34L-187-00-202-01
    APU
    34L1870020201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2989
    Latitude
    34.7325
    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
    $92
    $0.00
    $1,717
    $1,717
    -
    $0.00
    $8,585
    $8,585

    Comparable in this City

    • Value Estimation
      $315,000
      512 SF

      110 15th St

      BARBER, HAIR SALON • 512 SF
      110 15th St, Little Rock, AR 72202-5018
      View Details
    • Value Estimation
      $75,000
      1,073 SF

      1200 Smt St

      BARBER, HAIR SALON • 1,073 SF
      1200 Smt St, Little Rock, AR 72202
      View Details
    • Value Estimation
      $285,000
      2,189 SF

      1820 13th St

      BARBER, HAIR SALON • 2,189 SF
      1820 13th St, Little Rock, AR 72202-5313
      View Details
    • Value Estimation
      $100,000
      512 SF

      821 Daisy L Gatson Bates Dr

      BARBER, HAIR SALON • 512 SF
      821 Daisy L Gatson Bates Dr, Little Rock, AR 72202-3723
      View Details
    • Value Estimation
      $670,000
      22,211 SF

      1207 Rebsamen Park Rd

      GYM, HEALTH SPA • 22,211 SF
      1207 Rebsamen Park Rd, Little Rock, AR 72202-1819
      View Details
    • Value Estimation
      $315,000
      2,160 SF

      1424 Ringo St

      DRY CLEANER • 2,160 SF
      1424 Ringo St, Little Rock, AR 72202-5426
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,137 SF

      Retail Space in Little Rock

      Retail space available for lease in Little Rock, Arkansas.
      1222 S Main St, Little Rock, AR 72202
      View Details
    • $628,000
      7,500 SF

      Rehab Opportunity in Little Rock

      Value-add opportunity: building and land in Little Rock, Arkansas.
      3500 S University Ave, Little Rock, AR 72202
      View Details
    • $350,000
      2,880 SF

      Downtown Little Rock Storefront

      Prime Retail/Office Space, 2800 SF
      415 12Th St, Little Rock, AR 72202
      View Details
    • $1,395,000
      49,000 SF

      Mixed-Use Building in Little Rock

      49,000 SF building with warehouse, office, and kitchen space.
      1110 W 7Th St, Little Rock, AR 72202
      View Details
    • $250,000
      0.39 Acres

      Downtown Little Rock Commercial Land

      0.39-acre lot, prime location
      0 State St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5.00 Acres

      Little Rock Commercial Land - I-2 & R-2 Zoning

      Prime Pulaski County acreage, ideal for development.
      0 Frazier Pike, Little Rock, AR 72202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Downtown Retail Space For Rent

      Prime retail space in downtown Little Rock with high visibility.
      416 W 7Th St, Little Rock, AR 72202
      View Details
    • $15 SF/Yr
      7,900 SF

      Retail Space in Riverdale Neighborhood

      Retail space available in the prominent Riverdale neighborhood.
      3414-3424 Old Cantrell Rd, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5,400 SF

      I-30 Frontage Retail Space

      Little Rock, AR: Prime Retail/Restaurant Opportunity
      913 Mcmath Ave, Little Rock, AR 72202
      View Details
    • $144 SF/Yr
      2,880 SF

      Downtown Little Rock Flex Space

      Versatile 2,880 sq ft flex space; prime location.
      415 12Th St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5,884 SF

      Retail Space in Little Rock

      Retail property available for lease in Little Rock, Arkansas.
      2500-2610 Cantrell Rd, Little Rock, AR 72202
      View Details
    • Contact for pricing
      22,160 SF

      Prime Little Rock Office Space

      2,420 SF Executive Office Suite Available
      1501 Main St, Little Rock, AR 72202
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2216 Wright Ave
    Little Rock, AR 72202-6162
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.