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

    232 Glenview Ln N Little Rock, AR 72117-4234

    • Auto shops
    • 6,000 SF
    • 5.77 lot acres
    OFF-MARKET
    Last Sale
    Dec 04, 2024
    $525,000
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2237374
    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

    • AT&T Garage / Auto Repair Shop

    Property Details for 232 Glenview Ln

    Year built
    1977
    Lot size
    5.77 lot acres
    Property size
    6,000 SF
    Property type
    Auto shops
    APN
    23N-072-00-001-00
    APU
    23N0720000100

    Description

    This exceptional North Little Rock industrial property, located at 232 Glenview Ln, offers 8,400 square feet of net rentable space within two 1-story buildings totaling 375,487 square feet on a 8.2-acre lot. Built in 1977 and zoned C-4, the property features six loading docks, a 20-foot ceiling height, and ample fenced-in outdoor storage space ideal for trailers. The property's history includes use as an auto service and repair shop, with existing office space ready for immediate occupancy. Its strategic location provides easy access to Interstates 30 (2.5 miles) and 440 (4.0 miles), and proximity to East Broadway (14,000 vehicles per day) ensures high visibility and convenient transportation. The property is currently vacant and presents a significant opportunity for a variety of industrial, commercial, or auto-related businesses. The asking price is $595,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $420,000
      Market price range: $310k - $954k
      AI Estimate
      $324,000
      Market price range: $153k - $704k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $530,000
      Current use
      RETAIL STORES
      $595,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $540,000
      Change: +2% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $475,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $455,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2093
    Latitude
    34.764
    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
    $4,645
    $50,268
    $19,269
    $69,537
    -
    $251,340
    $96,345
    $347,685

    Comparable in this City

    • Value Estimation by Request
      4,200 SF

      3603 Hwy 161

      AUTO REPAIR, GARAGE • 4,200 SF
      3603 Hwy 161, N Little Rock, AR 72117-3020
      View Details
    • Value Estimation by Request
      1,960 SF

      4262 Baucum Pike

      AUTO REPAIR, GARAGE • 1,960 SF
      4262 Baucum Pike, N Little Rock, AR 72117-4932
      View Details
    • Value Estimation by Request
      1,875 SF

      10204 Hwy 70

      AUTO REPAIR, GARAGE • 1,875 SF
      10204 Hwy 70, N Little Rock, AR 72117-9466
      View Details
    • Value Estimation by Request
      600 SF

      8323 Edmar Pl

      AUTO REPAIR, GARAGE • 600 SF
      8323 Edmar Pl, N Little Rock, AR 72117
      View Details
    • Value Estimation by Request
      2,148 SF

      4719 Broadway St

      AUTO REPAIR, GARAGE • 2,148 SF
      4719 Broadway St, N Little Rock, AR 72117-4240
      View Details
    • Value Estimation by Request
      1,392 SF

      2900 Old Jacksonville Hwy

      AUTO REPAIR, GARAGE • 1,392 SF
      2900 Old Jacksonville Hwy, N Little Rock, AR 72117
      View Details

    Similar Nearby for Sale

    • $30,000
      0.67 Acres

      Commercial Lot in Busy Location

      Commercial lot in a prime, busy location near highway exit.
      Highway 165, North Little Rock, AR 72117
      View Details
    • Contact for pricing
      13,686 SF

      North Little Rock Office Building

      13,686 SF office building with parking in North Little Rock.
      4600 E Mccain Blvd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      North Little Rock Flex Space

      Prime Flex Space; Redevelopment Opportunity
      5430 Landers Rd, North Little Rock, AR 72117
      View Details
    • $250,000
      2,154 SF

      Restaurant Building and Land For Sale

      Fully built-out restaurant on high-visibility commercial land with ample parking.
      4707 E Broadway St, North Little Rock, AR 72117
      View Details
    • $1,750,000

      North Little Rock RV Park Investment

      Thriving RV park, high NOI, turnkey operation.
      7918 Us-70, North Little Rock, AR 72117
      View Details
    • $1,675,000
      4,346 SF

      Profitable RV Park on Highway

      60-site RV park with expansion potential near Little Rock.
      7918 Us 70, North Little Rock, AR 72117
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,900 SF

      Retail Space Near Walmart

      End-cap retail space located at Walmart Supercenter entrance.
      4530-4546 E Mccain Blvd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Commercial Outparcel for Lease

      0.80 acre outparcel ideal for QSR, medical, or retail.
      11100 S 165, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Highway 165 Commercial Land

      Commercial land with high visibility, ideal for various uses.
      11100 Highway 165, North Little Rock, AR 72117
      View Details
    • Contact for pricing
      27,721 SF

      Office Space in Springhill Corridor

      Shell office space available for rent in North Little Rock.
      4261 Stockton Dr, North Little Rock, AR 72117
      View Details
    • Contact for pricing
      35,000 SF

      Equipped Customer Care Center Opportunity

      Ready-to-use customer care center with existing infrastructure and equipment.
      5430 Landers Rd, Sherwood, AR 72117
      View Details
    • $15 SF/Yr
      821 SF

      North Little Rock Office Space

      Office space available in North Little Rock, 821 square feet.
      4004 Mccain Blvd, North Little Rock, AR 72117
      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.
    232 Glenview Ln
    N Little Rock, AR 72117-4234
    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.