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    3500 Landers Rd North Little Rock, AR 72117
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    Property profile & analytics

    3500 Landers Rd North Little Rock, AR 72117

    View on Map
    • Showrooms
    • 105,090 SF
    • 11.79 lot acres
    For Lease
    $13,880,000
    View Listing →
    Land Available Off US Highway For Lease
    $13,880,000

    Land Available Off US Highway

    2.5 acres of commercial land for rent with high visibility.

    3500 Landers Rd, North Little Rock, AR 72117
    View Listing
    Property ID
    US05-0020815
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 3500 Landers Rd

    Year built
    1997
    Lot size
    11.79 lot acres
    Property size
    105,090 SF
    Property type
    Showrooms
    APN
    23N-011-01-019-02
    APU
    23N0110101902

    Description

    This exceptional 2.5-acre commercial land parcel presents a unique investment opportunity in North Little Rock, Arkansas. Located at 3500 Landers Road, zip code 72117, this single-tenant property boasts a highly desirable location directly off US Highway 167, experiencing a substantial daily traffic volume of 82,000 vehicles. The property's convenient access to this major thoroughfare ensures high visibility and accessibility for any commercial venture. Situated in Pulaski County, this expansive lot offers significant potential for development, catering to a wide range of commercial uses. The land's size provides ample space for construction, allowing for flexibility in design and functionality. With its strategic location and considerable acreage, this property represents a compelling investment opportunity for businesses seeking a prominent presence in a thriving area. The address is easily accessible and visible from the highway, making it ideal for businesses that rely on high traffic volume for customer reach. This is a rare opportunity to acquire a substantial commercial land parcel in a prime location with excellent visibility and accessibility. The property is ready for immediate development, offering a blank canvas for a variety of commercial projects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,315,000
      6.5%
      $15,060,000
      7%
      $13,985,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,558,000
      Market price range: $5.14M - $19.4M
      AI Estimate
      $14,020,000
      Market price range: $2.27M - $31.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $9,435,000
      Current use
      MEDICAL BUILDING
      $18,135,000
      Change: +92% Conversion: Easy
      RETAIL STORES
      $10,400,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $9,245,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.226
    Latitude
    34.7859
    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
    $88,184
    $410,900
    $1,078,700
    $1,489,600
    -
    $2,054,500
    $5,393,500
    $7,448,000

    Comparable in this City

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    • Value Estimation
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      3600 Hwy 161

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      4512 Hwy 161

      SHOW ROOM, WAREHOUSE • 4,216 SF
      4512 Hwy 161, N Little Rock, AR 72117-2735
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    • Value Estimation
      $2,295,000
      27,908 SF

      4200 Landers Rd

      SHOW ROOM, WAREHOUSE • 27,908 SF
      4200 Landers Rd, N Little Rock, AR 72117-2532
      View Details
    • Value Estimation
      $2,065,000
      24,883 SF

      4310 Landers Rd

      SHOW ROOM, WAREHOUSE • 24,883 SF
      4310 Landers Rd, N Little Rock, AR 72117-2525
      View Details
    • Value Estimation
      $2,835,000
      22,500 SF

      1201 Baucum Industrial Dr

      SHOW ROOM, WAREHOUSE • 22,500 SF
      1201 Baucum Industrial Dr, N Little Rock, AR 72117-5274
      View Details

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      Land Available Off US Highway

      2.5 acres of commercial land for rent with high visibility.
      3500 Landers Rd, North Little Rock, AR 72117
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      Shell condition office space with tenant finish allowance available.
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    North Little Rock, AR 72117
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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.

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