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    Property profile & analytics

    27007 Kanis Rd Little Rock, AR 72223

    • Commercial land
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0094842
    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 land

    Property Details for 27007 Kanis Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    ±1.71-acre commercial development opportunity located in the direct path of the rapid West Little Rock Development Plan, a sought-after growth corridor. Flat, fully developable site, offering efficient site planning for developers seeking a high-income, low-competition trade area. Surrounded by affluent residential neighborhoods, luxury homes, and equestrian ranches, providing a strong built-in customer base and long-term demand drivers. All surrounding land has been acquired by developers for future projects, underscoring the area’s momentum and near-term growth potential. Directly across from Ferndale Market, a popular farm-to-table destination, and adjacent to the high-traffic seasonal Ferndale Farmers Market – both draw visitors from across the Little Rock metro area. Minutes from notable area destinations, including Ferncliff Camp & Conference Center and the Arkansas 4-H Center, and 6.5 miles from The Promenade at Chenal, Central Arkansas’ premier high-end lifestyle destination.

    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
    -92.55694
    Latitude
    34.777203

    Comparable in this City

    • $1,000,000
      3.00 Acres

      Prime Highway Frontage Land

      3 acres of commercial land with highway frontage near Little Rock.
      23800 Ar Hwy 10, Little Rock, AR 72223
      View Details
    • $1,221,422
      2.80 Acres

      Office Building and Land Available

      Office building with land, development potential in Little Rock, AR.
      18425-18509 Kanis Rd, Little Rock, AR 72223
      View Details
    • $1,343,564
      2,336 SF

      Rare Land with Development Potential

      2.66+/- acres near Chenal development with existing office building.
      18425 Kanis Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Commercial Lot Near Promenade

      1.55-acre commercial lot with high traffic count.
      Rahling Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      4.17 Acres on Cantrell Rd

      4.17 acres of commercial land for sale.
      14915 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $2,090,880

      Prime Land in West Little Rock

      High-visibility land near Chenal and St Vincent Way.
      Chenal And St Vincent Way, Little Rock, AR 72223
      View Details

    Similar Nearby for Sale

    • $1,000,000
      3.00 Acres

      Prime Highway Frontage Land

      3 acres of commercial land with highway frontage near Little Rock.
      23800 Ar Hwy 10, Little Rock, AR 72223
      View Details
    • $1,221,422
      2.80 Acres

      Office Building and Land Available

      Office building with land, development potential in Little Rock, AR.
      18425-18509 Kanis Rd, Little Rock, AR 72223
      View Details
    • $1,343,564
      2,336 SF

      Rare Land with Development Potential

      2.66+/- acres near Chenal development with existing office building.
      18425 Kanis Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Commercial Lot Near Promenade

      1.55-acre commercial lot with high traffic count.
      Rahling Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      4.17 Acres on Cantrell Rd

      4.17 acres of commercial land for sale.
      14915 Cantrell Rd, Little Rock, AR 72223
      View Details
    • $2,090,880

      Prime Land in West Little Rock

      High-visibility land near Chenal and St Vincent Way.
      Chenal And St Vincent Way, Little Rock, AR 72223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Lot Near Promenade

      1.55-acre commercial lot with high traffic count.
      Rahling Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Chenal Parkway Pad Ready Land

      Pad-ready land with high traffic count on Chenal Parkway.
      18100 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Chenal Parkway Development Land

      Commercial land available for rent on Chenal Parkway.
      18120 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Chenal Parkway Land Ready

      Land available for rent on Chenal Parkway.
      18000 Chenal Pkwy, Little Rock, AR 72223
      View Details
    • Contact for pricing
      16,800 SF

      Commercial Land Near Chenal Parkway

      1.55 acre commercial lot with access and curb cuts.
      Rahling Rd, Little Rock, AR 72223
      View Details
    • Contact for pricing

      Prime Chenal Parkway Retail Land

      Retail/restaurant site in affluent West Little Rock neighborhood.
      16100 Chenal Pkwy, Little Rock, AR 72223
      View Details
    Request Owner's contact information
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    27007 Kanis 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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