1201 5Th StNorth Little Rock, AR 72114

Property Details for 1201 5Th St

Year built

1973

Lot size

1.19 AC

Property size (Sq ft)

29,040 SF

Property type

Warehouses

APN

33N-304-00-014-00

APU

33N3040001400

Description

This exceptional 30,000-square-foot industrial flex space, located at 1201 E 5th Street in North Little Rock, Arkansas, presents a compelling investment opportunity. Built in 1973, the property boasts a well-maintained structure situated in a prime industrial area, benefiting from its location within a designated Opportunity Zone, offering substantial tax advantages. The building features three dock-high loading doors and one drive-in ramp, ensuring efficient operations. Its strategic location provides excellent access to Clinton National Airport, a significant advantage for businesses requiring air freight capabilities. Furthermore, the property enjoys high traffic counts, with I-30 boasting 111,000 AADT and I-630 registering 107,000 AADT, ensuring strong visibility and convenient access for employees and clients. The asking price for this exceptional property is $975,000. This presents a rare chance to acquire a well-positioned, functional industrial space with significant long-term potential in a thriving Arkansas market. The property's zip code is 72114, and it's situated in Pulaski County.

• CAP approach

  CAP return

  Valuation

  6%

  $10,297,700

  6.5%

  $9,505,560

  7%

  $8,826,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,323,570

  Geo Method

  $3,323,570

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,874,710

  Mixed-Use / Specialty

  $4,857,570

  Hospitality / Lodging

  $3,564,160

  Office

  $4,828,960

  Institutional / Educational

  $5,050,000

  Residential Income

  $5,908,500

  Multifamily

  $7,085,010

  Automotive / Energy

  $4,328,570

  Parking / Income-Based Land

  $1,493,500

  Restaurant / Food Service

  $2,526,970

  Healthcare / Senior Housing

  $4,981,100

Location Insight

City

N Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7579

Longitude

-92.2554

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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