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    Property profile & analytics

    5703 Landers Rd N Little Rock, AR 72117-1922

    • Automotive properties
    • 24,998 SF
    • 7.88 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2021
    Value Estimations
    $3,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0339489
    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

    • Automotive properties

    Property Details for 5703 Landers Rd

    Year built
    1994
    Lot size
    7.88 lot acres
    Property size
    24,998 SF
    Property type
    Automotive properties
    APN
    23S-057-15-001-00
    APU
    23S0571500100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,972,000
      Market price range: $1.29M - $3.97M
      AI Estimate
      $2,931,000
      Market price range: $639k - $2.93M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $2,200,000
      Current use
      MEDICAL BUILDING
      $4,315,000
      Change: +96% Conversion: Difficult
      RETAIL STORES
      $2,475,000
      Change: +12% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,245,000
      Change: +2% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2043
    Latitude
    34.8102
    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
    $64,036
    $583,528
    $645,561
    $1,229,089
    -
    $2,917,640
    $3,227,805
    $6,145,445

    Comparable in this City

    • Value Estimation
      $2,760,000
      16,155 SF

      6055 Landers Rd

      VEHICLE SALES, RENTALS • 16,155 SF
      6055 Landers Rd, N Little Rock, AR 72117-1939
      View Details
    • Value Estimation
      $3,780,000
      33,396 SF

      9801 Diamond Dr

      VEHICLE SALES, RENTALS • 33,396 SF
      9801 Diamond Dr, N Little Rock, AR 72117-1961
      View Details
    • Value Estimation
      $625,000
      70,941 SF

      4400 Landers Rd

      VEHICLE SALES, RENTALS • 70,941 SF
      4400 Landers Rd, N Little Rock, AR 72117-2526
      View Details
    • Value Estimation
      $6,025,000
      50,612 SF

      11401 Diamond Dr

      VEHICLE SALES, RENTALS • 50,612 SF
      11401 Diamond Dr, N Little Rock, AR 72117-1814
      View Details
    • Value Estimation
      $2,155,000
      7,603 SF

      6000 Landers Rd

      VEHICLE SALES, RENTALS • 7,603 SF
      6000 Landers Rd, North Little Rock, AR 72117-1939
      View Details
    • Value Estimation by Request
      3,960 SF

      5800 Landers Rd

      VEHICLE SALES, RENTALS • 3,960 SF
      5800 Landers Rd, N Little Rock, AR 72117
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      North Little Rock Industrial Warehouse

      30,445 SF industrial warehouse on 11.25 acres for sale.
      1220 Baucum Industrial Dr, North Little Rock, AR 72117
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    • Contact for pricing
      13,686 SF

      North Little Rock Office Building

      13,686 SF office building with parking in North Little Rock.
      4600 E Mccain Blvd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Highway 70 Commercial Land Available

      Commercial land with high traffic count on Highway 70.
      8608 Highway 70, North Little Rock, AR 72117
      View Details
    • $149,900
      992 SF

      Mixed-Use Property on Large Lot

      Versatile mixed-use property on a spacious lot with mature trees.
      4001 Highway 161, North Little Rock, AR 72117
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      North Little Rock Flex Space

      Prime Flex Space; Redevelopment Opportunity
      5430 Landers Rd, North Little Rock, AR 72117
      View Details
    • $1,500,000
      83,181 SF

      Rose City Shopping Center Opportunity

      Shopping center in North Little Rock with value-add potential.
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      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,900 SF

      Retail Space Near Walmart

      End-cap retail space located at Walmart Supercenter entrance.
      4530-4546 E Mccain Blvd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Secured Industrial Yard Space

      Industrial yard for fleet, trailer, or laydown use.
      1220 Baucum Industrial Dr, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Office Shell Space For Rent

      2,646 RSF office shell space available for rent.
      4261 Stockton Dr, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Landers Road Commercial Land Opportunity

      2.5 acre lot suitable for medical, retail, or office.
      3480 Landers Rd, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      21 Acres of Land Available

      21 acres of land off I-40 with high visibility.
      326 Mid State Truck Plz North Little Rock AR 72117, North Little Rock, AR 72117
      View Details
    • Contact for pricing

      Delta Crossing Business Park Space

      Flex space available in a newly developed, gated industrial park.
      2901 Harris Rd North Little Rock AR, North Little Rock, AR 72117
      View Details
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    N Little Rock, AR 72117-1922
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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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