1401 Kanis Park DrLittle Rock, AR 72205

  • Healthcare properties
  • 26,400 SF
For Lease
$20/SF/YR View listing

Property Details for 1401 Kanis Park Dr

Year built
2015
Lot size
2.28 AC
Property size (Sq ft)
26,400 SF
Property type
Healthcare properties
Property subtype
Medical offices
APN
44L-082-04-000-09
APU
44L0820400009

Description

This Class A, two-story office building, constructed in 2015, offers 26,400 square feet of flexible space in the WLR submarket of Little Rock, Arkansas. Located at 1401 Kanis Park Dr, Pulaski County (APN 44L0820400009), this property sits on a 2.29-acre lot and features a grand entrance. The building boasts 118+ parking spaces and a single elevator. Currently, 12,521 square feet is vacant, divisible into spaces ranging from 1,660 to 10,900 contiguous square feet. Three total suites are available. The building is zoned for office use and offers both interior and exterior entrances for lower-floor suites. Its convenient location near Kanis Road provides easy access to Baptist Hospital and Ark Heart Hospital, as well as Interstate access. The property is ideal for medical or creative office tenants seeking a modern, well-located space. The building is situated in the Kanis submarket cluster.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,196,320
    6.5%
    $3,873,526
    7%
    $3,596,846
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,888,392
    Geo Method
    $1,888,392
  • Alternative Use

    Use
    Valuation
    Residential
    $4,803,172
    Hospitality
    $4,399,680
    Educational
    $3,660,482
    Medical
    $3,786,372
    Retail
    $5,694,083
1401 Kanis Park Dr, Little Rock, Arkansas

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7399
Longitude
-92.3755
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
$46,190
$59,651
$600,213
$659,864
-
$298,255
$3,001,065
$3,299,320

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