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

    409 Kiehl Ave North Little Rock, AR 72120

    • Commercial real estate
    • 10.00 lot acres
    For Sale
    View listing
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0367442
    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 real estate

    Property Details for 409 Kiehl Ave

    Lot size
    10.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 10-acre commercial land parcel presents a remarkable investment opportunity in the thriving Sherwood, Arkansas market. Located at 409 East Kiehl Avenue, this undeveloped property boasts a strategic position just two blocks east of Highway 107, placing it within a rapidly expanding retail area. The property's substantial size offers significant development potential for a wide range of commercial ventures. With its convenient access to major transportation routes and its proximity to established businesses, this site is ideally suited for a variety of uses, from retail centers and restaurants to light industrial facilities or other commercial developments. The asking price is $425,000. The property is situated in Pulaski County, Arkansas, with a Sherwood city address and a 72120 zip code. The precise coordinates are latitude 34.834859 and longitude -92.227902. This is a rare opportunity to acquire a significant land holding in a high-growth area, offering substantial returns for the discerning investor. Don't miss this chance to secure a prime piece of commercial real estate in a dynamic and expanding market. Serious inquiries only.

    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
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.227902
    Latitude
    34.834859

    Comparable in this City

    • $385,000
      1.47 Acres

      Sherwood Commercial Land - $385K

      1.47-acre prime retail/office site.
      0 Brockington Rd, Sherwood, AR 72120
      View Details
    • Contact for pricing
      9.58 Acres

      Sherwood, AR Commercial Land Investment

      9.58 Acres, C-3 Zoning, Hwy 107 Access
      0 Maryland Ave & Hwy 107, Sherwood, AR 72120
      View Details
    • $220,000
      1.26 Acres

      Sherwood Commercial Land Investment

      1.26-acre commercial lot, prime location, high visibility.
      2001 Kiehl Ave, Sherwood, AR 72120
      View Details
    • $632,844
      2.17 Acres

      Sherwood Commercial Lot on Kiehl

      Commercial lot with frontage on E. Kiehl Ave in Sherwood.
      3600 E Kiehl Ave, Sherwood, AR 72120
      View Details
    • $75,000
      3.00 Acres

      Sherwood Land in Doris Heights

      Three-acre lot in Doris Heights, ideal for custom home.
      70 Aj Lewis Ln, Sherwood, AR 72120
      View Details
    • $84,250
      3.37 Acres

      Sherwood Acreage in Doris Heights

      Scenic land in Doris Heights, perfect for custom home building.
      18 Doris Lewis Ln, Sherwood, AR 72120
      View Details

    Similar Nearby for Sale

    • $385,000
      1.47 Acres

      Sherwood Commercial Land - $385K

      1.47-acre prime retail/office site.
      0 Brockington Rd, Sherwood, AR 72120
      View Details
    • Contact for pricing
      9.58 Acres

      Sherwood, AR Commercial Land Investment

      9.58 Acres, C-3 Zoning, Hwy 107 Access
      0 Maryland Ave & Hwy 107, Sherwood, AR 72120
      View Details
    • $220,000
      1.26 Acres

      Sherwood Commercial Land Investment

      1.26-acre commercial lot, prime location, high visibility.
      2001 Kiehl Ave, Sherwood, AR 72120
      View Details
    • $632,844
      2.17 Acres

      Sherwood Commercial Lot on Kiehl

      Commercial lot with frontage on E. Kiehl Ave in Sherwood.
      3600 E Kiehl Ave, Sherwood, AR 72120
      View Details
    • $75,000
      3.00 Acres

      Sherwood Land in Doris Heights

      Three-acre lot in Doris Heights, ideal for custom home.
      70 Aj Lewis Ln, Sherwood, AR 72120
      View Details
    • $84,250
      3.37 Acres

      Sherwood Acreage in Doris Heights

      Scenic land in Doris Heights, perfect for custom home building.
      18 Doris Lewis Ln, Sherwood, AR 72120
      View Details

    Similar Nearby for Lease

    • $12,558 /Mo
      8,865 SF

      Sherwood Office Space For Lease

      Office suites available, ranging from 327 to 12,391 square feet.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $3,339 /Mo
      2,109 SF

      Office Space in Sherwood, Arkansas

      Flexible office suites available for lease in Sherwood, Arkansas.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $12 SF/Yr
      3,600 SF

      Sherwood Office Building For Sale

      3600 sq ft, single-tenant office, recently remodeled.
      137 Shadow Oaks Dr, Sherwood, AR 72120
      View Details
    • $675,000
      7,250 SF

      Retail Space with Drive-In Doors

      Retail space with high visibility and multiple drive-in doors.
      4205 E Kiehl Ave, Sherwood, AR 72120
      View Details
    • $4,335 /Mo
      3,060 SF

      Office Suites in Sherwood, AR

      Flexible office suites available for lease in Sherwood, Arkansas.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
    • $10,491 /Mo
      500 SF

      Office Space in Sherwood, AR

      Flexible office suites available for lease in Sherwood, Arkansas.
      2402 Wildwood Ave, Sherwood, AR 72120
      View Details
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    409 Kiehl Ave
    North Little Rock, AR 72120
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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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