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    Property profile & analytics

    3000 Washington Ave North Little Rock, AR 72114

    • Warehouses
    • 2,000 SF
    • 3.47 lot acres
    For Sale
    View listing
    $431,250
    Value Estimations
    Cap Rate Potential
    4.5%
    Warehouses
    Location Intelligence
    Property ID
    US05-0340932
    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

    • L&R Mobile Truck & Trailer Repair / Truck Repair Shop / Mechanic

    Property Details for 3000 Washington Ave

    Year built
    2011
    Lot size
    3.47 lot acres
    Property size
    2,000 SF
    Property type
    Warehouses
    APN
    24N-009-00-044-00
    APU
    24N0090004400

    Description

    This exceptional industrial property, located at 3000 E Washington Ave in North Little Rock, Arkansas (zip code 72114), presents a compelling investment opportunity. The 2,000 square foot metal building, constructed in 2011, boasts dimensions of 40 feet by 50 feet and sits on a generous 3.96-acre lot. The asking price is $431,250, translating to a price per square foot of $215.62 and a price per acre of $108,902. This translates to a significant land value component. The property is zoned I1, offering flexibility for various industrial uses. Its strategic location provides easy access to Highway 165 and the crucial I-30/430 interchange, ensuring excellent connectivity and logistical advantages for businesses requiring efficient transportation links. This property is ideal for a variety of industrial uses, benefiting from its size, location, and zoning. The building's relatively recent construction ensures minimal maintenance needs and modern functionality. The ample land provides significant expansion potential or the possibility of additional development. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $180,000
      6.5%
      $165,000
      7%
      $155,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $182,000
      Market price range: $33.2k - $183k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $345,000
      RETAIL STORES
      $200,000
      COMMERCIAL (GENERAL)
      $180,000
      AUTO REPAIR, GARAGE
      $175,000
      NEIGHBORHOOD: SHOPPING CENTER
      $160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2325
    Latitude
    34.7529
    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
    $2,288
    $13,804
    $20,454
    $34,258
    -
    $69,020
    $102,270
    $171,290

    Comparable in this City

    • Value Estimation by Request
      116,549 SF

      605 10Th St

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      View Details
    • Value Estimation
      $335,000
      14,294 SF

      426 Dixie Ln

      WAREHOUSE, STORAGE • 14,294 SF
      426 Dixie Ln, N Little Rock, AR 72114-5219
      View Details
    • Value Estimation by Request
      32,355 SF

      400 Dixie Ln

      WAREHOUSE, STORAGE • 32,355 SF
      400 Dixie Ln, N Little Rock, AR 72114
      View Details
    • Value Estimation
      $280,000
      1,000 SF

      1020 Broadway St

      WAREHOUSE, STORAGE • 1,000 SF
      1020 Broadway St, N Little Rock, AR 72114-5812
      View Details
    • Value Estimation
      $265,000
      1,836 SF

      200 13th St

      WAREHOUSE, STORAGE • 1,836 SF
      200 13th St, N Little Rock, AR 72114-4241
      View Details
    • Value Estimation by Request
      70,000 SF

      1301 8Th St

      Distribution properties • 70,000 SF
      1301 8Th St, North Little Rock, AR 72114
      View Details

    Similar Nearby for Sale

    • $975,000
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      Well-Maintained Warehouse in Industrial Area

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    • $431,250
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      Prime Industrial Warehouse in NLR

      2,000 SF Warehouse on 3.96 Acres
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    • $775,000
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      Office and Warehouse Space Available

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    • $775,000
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      North Little Rock Industrial Property

      11,625 SF Warehouse/Office, $775K
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    • Contact for pricing
      2.50 Acres

      North Little Rock Warehouse - 7,380 SF

      Industrial warehouse on 2.5 acres, prime location.
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    • $469,000
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      North Little Rock Warehouse Facility

      Warehouse or manufacturing facility in North Little Rock, Arkansas.
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    Similar Nearby for Lease

    • $2 SF/Yr
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      Plant 2 Warehouse: North Little Rock

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    • $2 SF/Yr
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      North Little Rock Warehouse Space

      34,162 SF warehouse with interstate visibility and access.
      425 E 10Th St, North Little Rock, AR 72114
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    • $6,500 /Mo
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      North Little Rock Industrial Property

      Versatile industrial property with office and warehouse space for lease.
      3419 E Broadway 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.
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    • $4,700 /Mo
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      Functional Warehouse Space For Lease

      11,000± SF warehouse space in North Little Rock, AR.
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    • $1.50 SF/Yr
      108,000 SF

      North Little Rock Warehouse Space

      108,000 SF warehouse space available for lease.
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      View Details
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    3000 Washington Ave
    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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