5121 Warden Rd N Little Rock, AR 72116-7015
Property profile & analytics
5121 Warden Rd N Little Rock, AR 72116-7015
- Strip malls
- 7,500 SF
- 1.19 lot acres
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.
Location Intelligence
Current Use by Public Records
- Strip malls
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
- Shopping 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 estimation — 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
