232 Glenview LnNorth Little Rock, AR 72117

  • Retail properties
  • 6,000 SF
For Sale
$595,000 View listing

Property Details for 232 Glenview Ln

Year built
1977
Lot size
5.77 AC
Property size (Sq ft)
6,000 SF
Property type
Retail properties
Property subtype
Auto shops
APN
23N-072-00-001-00
APU
23N0720000100

Description

This exceptional North Little Rock industrial property, located at 232 Glenview Ln, offers 8,400 square feet of net rentable space within two 1-story buildings totaling 375,487 square feet on a 8.2-acre lot. Built in 1977 and zoned C-4, the property features six loading docks, a 20-foot ceiling height, and ample fenced-in outdoor storage space ideal for trailers. The property's history includes use as an auto service and repair shop, with existing office space ready for immediate occupancy. Its strategic location provides easy access to Interstates 30 (2.5 miles) and 440 (4.0 miles), and proximity to East Broadway (14,000 vehicles per day) ensures high visibility and convenient transportation. The property is currently vacant and presents a significant opportunity for a variety of industrial, commercial, or auto-related businesses. The asking price is $595,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,401,938
    6.5%
    $1,294,097
    7%
    $1,201,662
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,081,534
    Geo Method
    $1,081,534
  • Alternative Use

    Use
    Valuation
    Residential
    $1,091,619
    Hospitality
    $999,917
    Educational
    $831,920
    Medical
    $860,531
    Retail
    $1,294,097
232 Glenview Ln, North Little Rock, Arkansas

Location Insight

City
N Little Rock
County
Pulaski
State
Arkansas
Latitude
34.764
Longitude
-92.2093
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
$4,645
$50,268
$19,269
$69,537
-
$251,340
$96,345
$347,685

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