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

    7609 Colonel Glenn Rd Little Rock, AR 72204

    • Warehouses
    • 18,936 SF
    • 3.81 lot acres
    For Sale
    View listing
    $850,000
    Last Sale
    Apr 06, 2022
    $59,714
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0380693
    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

    • Warehouses

    Property Details for 7609 Colonel Glenn Rd

    Year built
    1938
    Lot size
    3.81 lot acres
    Property size
    18,936 SF
    Property type
    Warehouses
    APN
    44L-133-00-006-00
    APU
    44L1330000600

    Description

    This exceptional redevelopment opportunity in Little Rock, Arkansas, presents a 5.97-acre lot with a 10,000 square foot industrial building, currently vacant. The property, located at 7609 Colonel Glenn Road, zip code 72204, is zoned I-2 and boasts high visibility and convenient access from both Colonel Glenn Road and West Hills Boulevard. The existing building, constructed in 1994 and classified as Class C, offers significant potential for renovation or repurposing. An additional on-site structure is suitable for removal, potentially yielding scrap value. The expansive frontage and easy access make this site ideal for new construction or expansion, providing enhanced visibility and logistical efficiency for any business. This property is listed at $850,000 and presents a compelling investment opportunity for developers and businesses seeking a prime location in Pulaski County. The property's size and location offer significant advantages for a variety of commercial and industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $60,000
      ML approach
      $70,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3608
    Latitude
    34.7138
    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
    $13,229
    $59,747
    $129,236
    $188,983
    -
    $298,735
    $646,180
    $944,915

    Comparable in this City

    • Value Estimation
      $245,000
      3,332 SF

      6623 Colonel Glenn Rd

      WAREHOUSE, STORAGE • 3,332 SF
      6623 Colonel Glenn Rd, Little Rock, AR 72204-7727
      View Details
    • Value Estimation
      $305,000
      2,160 SF

      3401 Brown St

      WAREHOUSE, STORAGE • 2,160 SF
      3401 Brown St, Little Rock, AR 72204
      View Details
    • Value Estimation
      $320,000
      2,505 SF

      1519 Woodrow St

      WAREHOUSE, STORAGE • 2,505 SF
      1519 Woodrow St, Little Rock, AR 72204-3273
      View Details
    • Value Estimation
      $105,000
      3,650 SF

      5005 33rd St

      WAREHOUSE, STORAGE • 3,650 SF
      5005 33rd St, Little Rock, AR 72204-7910
      View Details
    • Value Estimation
      $1,435,000
      4,800 SF

      3013 Lewis St

      WAREHOUSE, STORAGE • 4,800 SF
      3013 Lewis St, Little Rock, AR 72204-6434
      View Details
    • Value Estimation
      $630,000
      29,530 SF

      7415 Colonel Glenn Rd

      MINI-WAREHOUSE, STORAGE • 29,530 SF
      7415 Colonel Glenn Rd, Little Rock, AR 72204-7612
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      113,750 SF

      Warehouse/Office Building on 5.5 Acres

      113,750 SF warehouse/office with easy access to major interstates.
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    • $75,000
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    • $4,200,000
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      Little Rock Industrial Property

      15,200 SF Flex Space, $4.2M
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      Mixed-Use Warehouse and Office Space

      6,400 SF warehouse and office space for sale.
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    • $850,000
      5.97 Acres

      Little Rock Industrial Redevelopment

      6-acre lot, 10,000 SF building, vacant.
      7609 Colonel Glenn Rd, Little Rock, AR 72204
      View Details

    Similar Nearby for Lease

    • $782,500
      10,134 SF

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      Little Rock flex space; ideal for various businesses.
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    • Contact for pricing
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      Little Rock Industrial Space: Two Suites Available
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      Remington Warehouse: Little Rock Flex Space

      Versatile Little Rock warehouse/office space for lease.
      9 Remington Dr, Little Rock, AR 72204
      View Details
    • $7 SF/Yr
      20,000 SF

      Little Rock Flex/Warehouse Space

      Prime Little Rock industrial space available.
      1419 Westpark Dr, Little Rock, AR 72204
      View Details
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    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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