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

    2809 12th St Little Rock, AR 72204-2217

    • Turn key restaurants
    • 1,426 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0390228
    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

    • Blisspoint Family Grill / Restaurant

    Property Details for 2809 12th St

    Year built
    1920
    Lot size
    0.14 lot acres
    Property size
    1,426 SF
    Property type
    Turn key restaurants
    APN
    34L-189-00-023-00
    APU
    34L1890002300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $222,000
      Market price range: $223k - $1.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3049
    Latitude
    34.7396
    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
    $739
    $1,822
    $8,731
    $10,553
    -
    $9,110
    $43,655
    $52,765

    Comparable in this City

    • Value Estimation
      $230,000
      1,200 SF

      7102 Colonel Glenn Rd

      RESTAURANT • 1,200 SF
      7102 Colonel Glenn Rd, Little Rock, AR 72204-7608
      View Details
    • Value Estimation
      $305,000
      3,647 SF

      4600 Asher Ave

      RESTAURANT • 3,647 SF
      4600 Asher Ave, Little Rock, AR 72204-6428
      View Details
    • Value Estimation
      $325,000
      1,566 SF

      8801 Colonel Glenn Rd

      RESTAURANT • 1,566 SF
      8801 Colonel Glenn Rd, Little Rock, AR 72204-8236
      View Details
    • Value Estimation
      $275,000
      6,186 SF

      6211 Colonel Glenn Rd

      RESTAURANT • 6,186 SF
      6211 Colonel Glenn Rd, Little Rock, AR 72204-7731
      View Details
    • Value Estimation
      $85,000
      2,400 SF

      3325 Roosevelt Rd

      RESTAURANT • 2,400 SF
      3325 Roosevelt Rd, Little Rock, AR 72204-5554
      View Details
    • Value Estimation
      $260,000
      1,400 SF

      4624 12th St

      RESTAURANT • 1,400 SF
      4624 12th St, Little Rock, AR 72204-1926
      View Details

    Similar Nearby for Sale

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      $479,000
      5,000 SF

      Little Rock Commercial Building and Land

      Turn-key commercial building in high-traffic area with diverse potential uses.
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      View Details
    • New
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      Vacant Mixed-Use Redevelopment Opportunity

      Vacant mixed-use building in Little Rock, AR. AS-IS condition.
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    • $129,900
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      Self-Service Carwash on Kanis Road

      Four-stall carwash with high visibility and road frontage.
      8719 Kanis Rd, Little Rock, AR 72204
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    • $1,350,000
      4,200 SF

      University Ave Retail Center

      Little Rock Shopping Center - 100% Leased
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    • $299,900
      2,460 SF

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      Two parcels with building, parking, and green space.
      1601 S University Ave, Little Rock, AR 72204
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    • $780,000
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      Established Mechanic Shop For Sale

      Turnkey mechanic shop with business, property, and equipment included.
      4511 Asher Ave, Little Rock, AR 72204
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      153,508 SF

      Village Shopping Center: Little Rock Retail

      Prime Little Rock retail/flex space available.
      3901 University Ave, Little Rock, AR 72204
      View Details
    • $10 SF/Yr
      8,775 SF

      Little Rock Retail Space Available

      High-visibility retail suites for lease in Little Rock, AR.
      3500 University Ave, Little Rock, AR 72204
      View Details
    • $12 SF/Yr
      2,100 SF

      Renovated Retail Center Near UALR

      153,508 SF renovated retail center near University of Arkansas.
      3919 S University Ave, Little Rock, AR 72204
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    • $782,500
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      Versatile Commercial Space on University

      10,134 SF commercial space with fenced yard and parking.
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      View Details
    • Contact for pricing
      142,441 SF

      Crossroads Chenal Retail Opportunity

      Prime West Little Rock retail spaces available.
      0 Xrd At Chenal, Little Rock, AR 72204
      View Details
    • $8 SF/Yr
      5,600 SF

      Retail Space Near I-630

      Retail space with parking and high traffic volume.
      1400 S University Ave, Little Rock, AR 72204
      View Details
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    2809 12th St
    Little Rock, AR 72204-2217
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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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