5430 Landers RdNorth Little Rock, AR 72117

Property Details for 5430 Landers Rd

Year built

1989

Lot size

6.82 AC

Property size (Sq ft)

71,005 SF

Property type

Office properties

Property subtype

Office buildings

APN

23S-057-04-002-00

APU

23S0570400200

Description

This exceptional property located at 5430 Landers Rd, North Little Rock, AR 72117, presents a unique investment opportunity. The building, previously utilized as a call center, boasts substantial existing infrastructure, ready for adaptive reuse. The 21-foot clear ceiling height and rear dock-high access provide excellent functionality for various industrial, office, or retail purposes. A significant advantage is the ample on-site parking, with 600 spaces available. This makes the property highly attractive for businesses requiring extensive parking for employees or customers. The property's flexible zoning allows for redevelopment into a modern flex space or retail center, catering to a wide range of potential tenants. The location in Pulaski County, Arkansas, offers convenient access to major transportation routes and a growing market. This is an ideal opportunity for investors seeking a high-return property with significant upside potential. The existing infrastructure significantly reduces redevelopment costs and time, making this a compelling investment in a thriving Arkansas market. The property's size and features make it suitable for a variety of uses, offering flexibility and adaptability to meet the needs of a diverse range of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $11,286,334

  6.5%

  $10,418,155

  7%

  $9,674,001

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,078,988

  Geo Method

  $5,078,988

• Alternative Use

  Use

  Valuation

  Residential

  $12,918,512

  Hospitality

  $11,833,287

  Educational

  $9,845,156

  Medical

  $10,183,746

  Retail

  $15,314,687

Location Insight

City

North Little Rock

County

Pulaski

State

Arkansas

Latitude

34.8005

Longitude

-92.2112

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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