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

    5121 Warden Rd N Little Rock, AR 72116-7015

    • Strip malls
    • 7,500 SF
    • 1.19 lot acres
    OFF-MARKET
    Last Sale
    Jan 08, 2021
    $1,460,000
    Value Estimations
    $1,515,000
    Show details
    Cap Rate Potential
    6.4%
    Strip malls
    Location Intelligence
    Property ID
    US05-0031799
    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

    • Music City / Music Store
    • Octapharma Plasma / Blood Donation Center
    • Lucky's Pawn and Loan / Music Store / Watch Store
    • Lee Alaina / Insurance Agency
    • Stubbs Shelton / Insurance Agency

    Property Details for 5121 Warden Rd

    Year built
    1984
    Lot size
    1.19 lot acres
    Property size
    7,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    23N-002-00-003-00
    APU
    23N0020000300

    Description

    This exceptional 15,000-square-foot, single-story retail and office building in North Little Rock, Arkansas presents a compelling investment opportunity. Boasting 100% occupancy with two tenants, the property features a strong anchor tenant, Octapharma Plasma, a national company with a long-term lease (9 years remaining, with two 5-year options and a 10% rent increase in 2029). Octapharma recently invested in significant interior improvements and extended their lease in 2023. The second tenant, Lucky's Pawn & Loan Shop, also enjoys a favorable lease with annual rent increases and renewal options, having completed interior renovations in 2024. The property benefits from a new roof (2020 with warranty) and a recently repaved parking lot (2021), further enhanced by three additional parking spaces added in 2024. Situated on a 1.19-acre lot with excellent visibility from Warden Road and US-67/US-167, the property enjoys high traffic counts (83,000+ vehicles daily on US-67 and 11,000 on Warden Road). The location offers convenient access to major thoroughfares, including Interstate-40 and downtown Little Rock (10 miles away), and is near numerous national retailers and CHI St. Vincent North Hospital (1.5 miles). The property's strong tenant base, favorable lease terms, recent improvements, and prime location make it an attractive investment with an 8% cap rate and a Net Operating Income (NOI) of $161,442. The property is zoned commercial and features multiple points of ingress and egress. APN: 23N-002-00-003-00. Asking price: $2,018,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,560,000
      ML approach
      $1,550,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,670,000
      6.5%
      $1,540,000
      7%
      $1,430,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $956,000
      Market price range: $220k - $966k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2146
    Latitude
    34.8025
    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
    $20,052
    $129,758
    $170,422
    $300,180
    -
    $648,790
    $852,110
    $1,500,900

    Comparable in this City

    • Value Estimation
      $725,000
      16,080 SF

      4710 John F Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 16,080 SF
      4710 John F Kennedy Blvd, N Little Rock, AR 72116-7313
      View Details
    • Value Estimation
      $550,000
      4,950 SF

      3321 John F Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 4,950 SF
      3321 John F Kennedy Blvd, N Little Rock, AR 72116-8824
      View Details
    • Value Estimation
      $1,100,000
      11,180 SF

      5003 John F Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 11,180 SF
      5003 John F Kennedy Blvd, N Little Rock, AR 72116-6720
      View Details
    • Value Estimation
      $550,000
      5,020 SF

      3901 Warden Rd

      SHOPPING CENTER, STRIP CENTER • 5,020 SF
      3901 Warden Rd, N Little Rock, AR 72116
      View Details
    • Value Estimation
      $920,000
      21,240 SF

      5905 John F Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 21,240 SF
      5905 John F Kennedy Blvd, N Little Rock, AR 72116
      View Details
    • Value Estimation by Request
      8,363 SF

      3718 John F Kennedy Blvd

      SHOPPING CENTER, STRIP CENTER • 8,363 SF
      3718 John F Kennedy Blvd, N Little Rock, AR 72116-8260
      View Details

    Similar Nearby for Sale

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      Profitable Business Opportunity For Sale

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    5121 Warden Rd
    N Little Rock, AR 72116-7015
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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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