15104 Chenal PkwyLittle Rock, AR 72211

Property Details for 15104 Chenal Pkwy

Year built

2019

Lot size

1.07 AC

Property size (Sq ft)

7,876 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

44L-075-09-002-02

APU

44L0750900202

Description

This Little Rock, AR Class A commercial property, Chenal Park Centre III, offers versatile office and retail space. Built in 2020, this single-story building boasts 7,859 total square feet across six suites, situated on a 0.98-acre lot. The property features a convenient C-2 zoning designation and ample parking with 50 spaces. Currently, 2,264 square feet of space is available, divisible into units ranging from 1,095 to 1,169 contiguous square feet. The building's location within the Chenal Corridor provides excellent visibility and accessibility, with prominent frontage on Chenal Parkway. Nearby businesses include Walgreens, Kroger, Chuy's Mexican Restaurant, Goddard School, and a new Costco, ensuring high foot traffic and a strong commercial presence. Suite 7000 is already built out as open retail space. The property is ideal for a variety of businesses seeking a modern, well-located space in a thriving area. The building consists of three buildings in total. This property is perfect for medical, traditional, executive, or creative office users, as well as storefront retail tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $1,463,690

  6.5%

  $1,351,100

  7%

  $1,254,590

• Comparable approach

  Method

  Valuation

  Relative Method

  $585,905

  Geo Method

  $585,905

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,631,450

  Mixed-Use / Specialty

  $1,347,620

  Hospitality / Lodging

  $990,453

  Office

  $1,341,010

  Institutional / Educational

  $1,401,460

  Residential Income

  $1,639,710

  Multifamily

  $1,959,150

  Automotive / Energy

  $1,201,250

  Parking / Income-Based Land

  $413,213

  Restaurant / Food Service

  $703,770

  Healthcare / Senior Housing

  $1,380,590

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7569

Longitude

-92.4391

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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