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    812 Reservoir Rd Little Rock, AR 72227-5707
    Property profile & analytics

    812 Reservoir Rd Little Rock, AR 72227-5707

    View on Map
    • Retail space
    • 13,020 SF
    • 0.94 lot acres
    Off-Market
    Last Sale Dec 16, 2021
    Property ID
    US05-2348805
    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.
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A Life For A Life Coalition / Charitable Organization / Social Service Agency

    Property Details for 812 Reservoir Rd

    Year built
    1990
    Lot size
    0.94 lot acres
    Property size
    13,020 SF
    Property type
    Retail space
    APN
    43L-156-00-023-00
    APU
    43L1560002300

    Description

    This exceptional 13,020-square-foot office building in Little Rock, Arkansas, presents a compelling owner-user opportunity at an asking price of $950,000 ($72.96/SF). Located at 812 Reservoir Road, 72227, this single-story, Class C building sits on a 1.77-acre lot zoned C-3, offering significant potential. The property boasts recently renovated interior and exterior spaces, providing a modern and functional workspace. Ample parking is available, including frontage parking on Reservoir Road and additional spaces at the rear. A key feature is the lower-level basement, complete with a loading dock, enhancing logistical capabilities. The entire building is equipped with a sprinkler system, ensuring safety and compliance. Financial details are available upon request and the execution of a non-disclosure agreement. This vacant property is offered with a triple net (NNN) lease structure, providing flexibility for the new owner. The property's prime location in Pulaski County, Arkansas, offers excellent accessibility and visibility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $499,000
      Market price range: $500k - $2.12M

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3775
    Latitude
    34.7601
    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
    $6,972
    $24,630
    $74,970
    $99,600
    -
    $123,150
    $374,850
    $498,000

    Comparable in this City

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      $630,000
      6,000 SF

      9301 Treasure Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      9301 Treasure Hl Rd, Little Rock, AR 72227-6217
      View Details
    • Value Estimation
      $1,990,000
      10,652 SF

      7601 Cantrell Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,652 SF
      7601 Cantrell Rd, Little Rock, AR 72227-3319
      View Details
    • Value Estimation
      $870,000
      6,788 SF

      9520 Rodney Parham Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,788 SF
      9520 Rodney Parham Rd, Little Rock, AR 72227-6208
      View Details
    • Value Estimation
      $7,880,000
      14,828 SF

      9200 Rodney Parham Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,828 SF
      9200 Rodney Parham Rd, Little Rock, AR 72227-6202
      View Details
    • Value Estimation by Request
      1,914 SF

      2410 Glover St

      RETAIL STORES (PERSONAL SERVICES) • 1,914 SF
      2410 Glover St, Little Rock, AR 72227-3945
      View Details
    • Value Estimation
      $560,000
      5,500 SF

      9808 Rodney Parham Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      9808 Rodney Parham Rd, Little Rock, AR 72227-5633
      View Details

    Similar Nearby for Sale

    • $5,000,000

      Land on Foxcroft Road

      Land available on Foxcroft Road in Littlerock, Arkansas.
      3811 Foxcroft Rd, Little Rock, AR 72227
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      Land Available for Purchase

      Land available for purchase in Little Rock, Arkansas.
      10307 Cantrell Rd, Little Rock, AR 72227
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      26,974 SF

      Multifamily Investment Opportunity

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    • $4,750,000
      31.55 Acres

      Littlerock Land with Residential Potential

      31.55 acres in Littlerock, Arkansas, with development opportunities.
      3811 Foxcroft Rd, Little Rock, AR 72227
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    • $199,000
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      Residential Lot in Established Neighborhood

      0.37-acre lot in sought-after Little Rock residential pocket.
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    Similar Nearby for Lease

    • $20 SF/Yr
      2,772 SF

      Restaurant/Retail Space on Cantrell Road

      Restaurant or retail space with high traffic count.
      7811 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $15 SF/Yr
      10,680 SF

      Retail Building Sublease Opportunity

      Prime retail location with high visibility and drive-thru.
      7601 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $1,010 /Mo

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      Retail and office spaces available for lease.
      10301 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Industrial Space in West Little Rock

      Industrial space available for lease in West Little Rock.
      10014 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      2,998 SF

      Retail Space with Drive-Thru

      Bank space with drive-thru at Cantrell and Rodney Parham.
      11300 Cantrell Rd, Little Rock, AR 72227
      View Details
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    Little Rock, AR 72227-5707
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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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    812 Reservoir Rd, Little Rock, AR, 72227
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