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

    5301 Mcclanahan Dr N Little Rock, AR 72116-7001

    • Industrial properties
    • 31,200 SF
    • 5.48 lot acres
    OFF-MARKET
    Last Sale
    Sep 19, 2024
    $20,000
    Value Estimations
    $1,695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0285646
    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

    • Industrial properties

    Property Details for 5301 Mcclanahan Dr

    Year built
    1978
    Lot size
    5.48 lot acres
    Property size
    31,200 SF
    Property type
    Industrial properties
    APN
    23N-002-00-007-00
    APU
    23N0020000700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,285,000
      6.5%
      $2,110,000
      7%
      $1,960,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,197,000
      Market price range: $411k - $1.20M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,645,000
      Current use
      COMMERCIAL (GENERAL)
      $2,800,000
      Change: +70% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,745,000
      Change: +67% Conversion: Easy
      OFFICE BUILDING
      $2,690,000
      Change: +63% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,460,000
      Change: +50% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2168
    Latitude
    34.8031
    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
    $42,230
    $253,954
    $409,566
    $663,520
    -
    $1,269,770
    $2,047,830
    $3,317,600

    Comparable in this City

    • Value Estimation
      $1,595,000
      33,350 SF

      5301 Warden Rd

      CONDOMINIUMS (INDUSTRIAL) • 33,350 SF
      5301 Warden Rd, N Little Rock, AR 72116-6014
      View Details
    • Value Estimation
      $990,000
      20,080 SF

      5105 Mcclanahan Dr

      CONDOMINIUMS (INDUSTRIAL) • 20,080 SF
      5105 Mcclanahan Dr, N Little Rock, AR 72116-7052
      View Details
    • Value Estimation by Request
      672 SF

      3814 Lookout Rd

      WAREHOUSE, STORAGE • 672 SF
      3814 Lookout Rd, N Little Rock, AR 72116-8257
      View Details
    • Value Estimation
      $4,425,000
      55,831 SF

      6929 John F Kennedy Blvd

      WAREHOUSE, STORAGE • 55,831 SF
      6929 John F Kennedy Blvd, N Little Rock, AR 72116-5312
      View Details
    • Value Estimation
      $9,175,000
      138,468 SF

      4701 John F Kennedy Blvd

      WAREHOUSE, STORAGE • 138,468 SF
      4701 John F Kennedy Blvd, N Little Rock, AR 72116-7312
      View Details
    • Value Estimation by Request
      1,976 SF

      3515 John F Kennedy Blvd

      WAREHOUSE, STORAGE • 1,976 SF
      3515 John F Kennedy Blvd, N Little Rock, AR 72116-8839
      View Details

    Similar Nearby for Sale

    • $125,000
      0.55 Acres

      North Little Rock Commercial Lot

      R-4 zoned lot suitable for various residential development projects.
      7616 North Hills Rd, North Little Rock, AR 72116
      View Details
    • $495,000

      Commercial Land Near Shopping Center

      Commercial land for sale adjacent to Indian Hills Shopping Center.
      7416 N Hills Blvd, North Little Rock, AR 72116
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    • $685,000

      Commercial/Industrial Land on Maumelle Blvd

      1.43 acre commercial/industrial land for sale on Maumelle Blvd.
      Maumelle Blvd, North Little Rock, AR 72116
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    • $445,000
      3,827 SF

      Retail Building in Park Hill

      Two-level retail building in North Little Rock's Park Hill.
      3513 John F Kennedy Blvd, North Little Rock, AR 72116
      View Details
    • Contact for pricing

      Commercial Land Prime Retail Location

      Commercial land with high visibility and traffic, zoned C-3.
      Warden Rd, Sherwood, AR 72116
      View Details
    • $570,000
      5,200 SF

      Park Hill Retail/Office Building

      Iconic building in Park Hill, suitable for retail or office.
      3422 John F Kennedy Blvd, North Little Rock, AR 72116
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      1,920 SF

      Flex Warehouse Space Available

      Multipurpose flex/warehouse space with easy highway access.
      5105 Mcclanahan Dr, North Little Rock, AR 72116
      View Details
    • $12 SF/Yr
      800 SF

      Flex Warehouse Space Available

      Multipurpose flex/warehouse space with easy access to I-57.
      5301-5313 Mcclanahan Dr, North Little Rock, AR 72116
      View Details
    • $12 SF/Yr
      357,641 SF

      Lakewood Village Shopping Center

      North Little Rock Retail Opportunity
      2851 Lakewood Village Dr, North Little Rock, AR 72116
      View Details
    • $14 SF/Yr
      31,588 SF

      Lake Hill Shopping Center Retail Space

      Prime North Little Rock Retail Opportunity
      3812 John F Kennedy Blvd, North Little Rock, AR 72116
      View Details
    • $15 SF/Yr
      825 SF

      Office Space Near McCain Mall

      Office space for rent in quiet North Little Rock park.
      3805-3901 Mccain Park Dr, North Little Rock, AR 72116
      View Details
    • $17 SF/Yr
      4,084 SF

      North Little Rock Office Space

      Office suite with views, amenities, and highway access.
      4801 N Hills Blvd, North Little Rock, AR 72116
      View Details
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    N Little Rock, AR 72116-7001
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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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