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    5004 Kavanaugh Blvd Little Rock, AR 72207
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    5004 Kavanaugh Blvd Little Rock, AR 72207

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    • Individual retail properties
    • 2,334 SF
    • 0.06 lot acres
    For Sale
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    Retail Space Near High-End Retailers For Sale
    Contact for pricing
    2,334 SF

    Retail Space Near High-End Retailers

    Retail space surrounded by high-end retailers and regional restaurants.

    5004 Kavanaugh Blvd, Little Rock, AR 72207
    View Listing
    Property ID
    US05-0262058
    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

    • Levinson Exclusive Cleaners / (Bike/Boat/Book/etc) Store

    Property Details for 5004 Kavanaugh Blvd

    Year built
    1940
    Lot size
    0.06 lot acres
    Property size
    2,334 SF
    Property type
    Individual retail properties
    APN
    33L-028-00-008-00
    APU
    33L0280000800

    Description

    This exceptional 2,334 square foot retail storefront is ideally situated in Little Rock's vibrant Hillcrest/Heights district at 5004 Kavanaugh Boulevard. The single-story building sits on a 0.06-acre lot and offers a highly desirable location amongst numerous high-end retailers and popular restaurants, including Tulips, The Toggery, Steamroller Blues, Heights Taco & Tamale Co., George's, ZaZa, Boulevard Bread Co., and Cheers in the Heights. The property's convenient location provides easy access to major thoroughfares, with I-630 just 3.8 miles away and downtown Little Rock a short 4.5-mile drive. Adding to its appeal, the property is steps from the future location of The Buttered Biscuit, a popular Bentonville-based breakfast chain scheduled to open in late 2024. This presents a unique opportunity to own a thriving retail space in a high-traffic area with strong growth potential. The property consists of one building with one unit, offering 2,334 square feet of net rentable space. This is a remarkable opportunity for investors seeking a prime retail location in a thriving Arkansas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3294
    Latitude
    34.7691
    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
    $3,433
    $26,140
    $22,898
    $49,038
    -
    $130,700
    $114,490
    $245,190

    Comparable in this City

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      7011 Cantrell Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,070 SF
      7011 Cantrell Rd, Little Rock, AR 72207-4138
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      2102 Mckinley St

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      2,039 SF

      5601 Kavanaugh Blvd

      FINANCIAL BUILDING • 2,039 SF
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      6801 Cantrell Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,044 SF
      6801 Cantrell Rd, Little Rock, AR 72207-4134
      View Details
    • Value Estimation
      $1,190,000
      7,936 SF

      7315 Cantrell Rd

      SHOW ROOM, WAREHOUSE • 7,936 SF
      7315 Cantrell Rd, Little Rock, AR 72207-4144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,334 SF

      Retail Space Near High-End Retailers

      Retail space surrounded by high-end retailers and regional restaurants.
      5004 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • Contact for pricing

      Westgate Shopping Center Investment Opportunity

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    Similar Nearby for Lease

    • $20 SF/Yr
      1,800 SF

      Retail Space in Heights Neighborhood

      Retail space with high visibility in the Heights neighborhood.
      5208 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • Contact for pricing
      1,750 SF

      Retail Space with Basement Storage

      1,750 SF retail space with basement storage included.
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    • $1,080 /Mo
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      Renovated Retail Suites For Rent

      Newly renovated retail suites in growing arts community.
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      1,400 SF

      Retail Space on Kavanaugh Boulevard

      Retail space with frontage on Kavanaugh Boulevard.
      5619-5621 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • $800 /Mo

      Renovated Retail/Office Space Available

      Retail and office space in Midtown Little Rock for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
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    • $22 SF/Yr

      Retail Space on Cantrell Road

      Prime retail space in Little Rock's Westgate Center.
      6815 Cantrell Rd, Little Rock, AR 72207
      View Details
    View Listing
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    Little Rock, AR 72207
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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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