305 Phillips Rd N Little Rock, AR 72117-4105
- Warehouses
- 11,200 SF
- 2.32 lot acres
Current Use by Public Records
- Warehouses
Property Details for 305 Phillips Rd
- Year built
- 1978
- Lot size
- 2.32 lot acres
- Property size
- 11,200 SF
- Property type
- Warehouses
- APN
- 23N-057-00-010-00
- APU
- 23N0570001000
Description
This 11,200 square foot warehouse, located at 305 Phillips Rd in North Little Rock, Arkansas, is available for $795,000. The property sits on a 2.32-acre lot and features a two-story building constructed in 1978. The warehouse is classified as Class C and is currently vacant, offering a NNN lease opportunity. The building boasts LED lighting, a security alarm system, and four offices with a breakroom, complemented by a recently installed water heater. A wet sprinkler system ensures fire safety throughout the building. A paint booth is available if needed. Parking is ample, with nine paved spaces on-site, plus additional fenced parking and a storage shed. The property is zoned I-2 and enjoys a prime location at the intersection of E Broadway St (14,000 vehicles per day) and England Rd (6,500 vehicles per day), providing excellent visibility and accessibility. Convenient access to major transportation arteries is a key advantage, with Interstate 30 just 2.5 miles away and Interstate 440 only 3.3 miles distant. The area is well-established, with nearby businesses including Hum's Hardware, a new Baptist Health Medical Clinic, Shotgun Dan's Pizza, Dollar General, Little Caesars Pizza, and other industrial/warehouse users. This presents a strong investment opportunity in a thriving commercial area. The price per square foot is $70.98.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $365,000
- 6.5%
- $400,000
- 7%
- $390,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $400,000
- Mixed-Use
- $455,000
- Hospitality
- $330,000
- Educational
- $400,000
- Residential Income
- $350,000
- Energy
- $415,000
- Income-Based Land
- $425,000
- Food Service
- $370,000
Location Insight
- Map
- Local Demand
- City
- N Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2214
- Latitude
- 34.7554
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA