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    Property profile & analytics

    6801 12Th St Little Rock, AR 72204

    • Turn key restaurants
    • 16,000 SF
    • 4.92 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Aug 13, 2024
    $3,700,000
    Value Estimations
    $3,810,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0288826
    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

    • Winners corner / Gift Shop
    • Skillz Barber Shop / Barber Shop
    • Grady's Pizza & Subs / Pizza Restaurant / Beer Hall
    • King of Little Rock / Hair Salon
    • Pinnacle Arborist Supplies / Outdoor Sports Store

    Property Details for 6801 12Th St

    Year built
    1979
    Lot size
    4.92 lot acres
    Property size
    16,000 SF
    Property type
    Turn key restaurants
    APN
    44L-107-00-001-00
    APU
    44L1070000100

    Description

    Parkwood Center, located at 6805 W 12th Street in Little Rock, Arkansas, offers exceptional industrial space for lease. This centrally located property comprises three single-story buildings totaling 66,796 square feet, situated on a 4.92-acre lot. Currently, two suites are available, providing flexible options for businesses seeking warehouse, distribution, or flex space. One suite offers 2,400 square feet, while the other provides 6,000 square feet, each including 1,200 square feet of office space. Both suites are designed for efficient operations, featuring one dock-high door and one roll-up door, ensuring easy loading and unloading of goods. The property's strategic location provides quick access to I-630, a significant advantage for transportation and logistics. Tenants benefit from enhanced security with a secured, gated parking lot. Built in 1979, the property is located in Pulaski County and offers a straightforward layout suitable for a variety of industrial uses. The property is ideal for businesses requiring convenient access, secure storage, and efficient workflow. The available spaces provide a solid foundation for growth and operational success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,700,000
      ML approach
      $3,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,381,000
      Market price range: $2.50M - $13.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3521
    Latitude
    34.7408
    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
    $36,173
    $172,309
    $344,451
    $516,760
    -
    $861,545
    $1,722,255
    $2,583,800

    Comparable in this City

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      1,200 SF

      7102 Colonel Glenn Rd

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    • Value Estimation
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      4600 Asher Ave

      RESTAURANT • 3,647 SF
      4600 Asher Ave, Little Rock, AR 72204-6428
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    • Value Estimation
      $270,000
      1,566 SF

      8801 Colonel Glenn Rd

      RESTAURANT • 1,566 SF
      8801 Colonel Glenn Rd, Little Rock, AR 72204-8236
      View Details
    • Value Estimation
      $295,000
      1,400 SF

      4624 12th St

      RESTAURANT • 1,400 SF
      4624 12th St, Little Rock, AR 72204-1926
      View Details
    • Value Estimation
      $295,000
      3,418 SF

      801 Fair Park Blvd

      RESTAURANT • 3,418 SF
      801 Fair Park Blvd, Little Rock, AR 72204-1778
      View Details
    • Value Estimation
      $280,000
      5,000 SF

      5200 Asher Ave

      RESTAURANT • 5,000 SF
      5200 Asher Ave, Little Rock, AR 72204-7904
      View Details

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      Highly visible retail property with versatile commercial space in Little Rock.
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    Similar Nearby for Lease

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    • Contact for pricing
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      Retail space with parking and high traffic volume.
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    6801 12Th St
    Little Rock, AR 72204
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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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