8301 Faulkner Lake RdNorth Little Rock, AR 72117

Property Details for 8301 Faulkner Lake Rd

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.58 AC

Property size (Sq ft)

9,512 SF

Property type

Warehouses

APN

24N-002-09-001-00

APU

24N0020900100

Description

This exceptional 4.13-acre property in North Little Rock, Arkansas, presents a unique investment opportunity. Located at 8301 Faulkner Lake Rd, zip code 72117, this multi-use property boasts a total of 11,427 square feet of space, strategically zoned R-2 & PUD. The property comprises a diverse range of structures, including a 2,400 square foot office building, three warehouses totaling 6,945 square feet, and a 2,082 square foot single-family home. This versatile configuration offers significant potential for various business ventures or rental income streams. The warehouses provide ample storage or production space, while the office building offers comfortable and functional workspace. The single-family home adds further flexibility, potentially serving as on-site management housing or additional rental income. The property also features a fenced yard, providing secure outdoor space. Its convenient access to I-440 ensures excellent connectivity and accessibility. Offered at $650,000, this property represents a compelling investment prospect in a desirable location. Don't miss this chance to acquire a substantial and versatile commercial property in Pulaski County.

• CAP approach

  CAP return

  Valuation

  6%

  $3,372,980

  6.5%

  $3,113,520

  7%

  $2,891,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,088,630

  Geo Method

  $1,088,630

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,596,700

  Mixed-Use / Specialty

  $1,591,080

  Hospitality / Lodging

  $1,167,430

  Office

  $1,581,710

  Institutional / Educational

  $1,654,110

  Residential Income

  $1,935,310

  Multifamily

  $2,320,670

  Automotive / Energy

  $1,417,810

  Parking / Income-Based Land

  $489,192

  Restaurant / Food Service

  $827,701

  Healthcare / Senior Housing

  $1,631,540

Location Insight

City

N Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7491

Longitude

-92.1703

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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