10101 Mabelvale Plaza DrLittle Rock, AR 72209

Property Details for 10101 Mabelvale Plaza Dr

Year built

1999

Lot size

3.93 AC

Property size (Sq ft)

40,000 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

45L-024-02-001-00

APU

45L0240200100

Description

Mabelvale Plaza, located at 10101 Mabelvale Plaza Drive in Little Rock, Arkansas (zip code 72209), presents a prime retail land investment opportunity. This Pulaski County property boasts a total of 30.34 acres and features a total building square footage of 63,930 square feet. Currently, there is 13,850 square feet of vacant space available, divisible into units ranging from a minimum of 1,850 square feet to a maximum contiguous space of 7,000 square feet. The property is situated in a high-traffic retail development, strategically positioned between Walmart and Home Depot, two major retail anchors. This advantageous location ensures significant visibility and accessibility for businesses. Further enhancing its appeal, Mabelvale Plaza benefits from a convenient west entrance onto Mabelvale Pike, added during Phase 2 development in 2003. The recent construction of Southwest High School directly south of the plaza, behind Home Depot, adds to the area's growing population and potential customer base. This property offers a unique chance to establish or expand a retail presence in a thriving and well-established commercial area. The multiple tenancy option provides flexibility for various business models. This is an exceptional opportunity for investors seeking a high-visibility retail location in a rapidly developing area of Little Rock.

• CAP approach

  CAP return

  Valuation

  6%

  $6,510,160

  6.5%

  $6,009,378

  7%

  $5,580,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,861,200

  Geo Method

  $2,861,200

• Alternative Use

  Use

  Valuation

  Residential

  $7,451,630

  Hospitality

  $6,825,652

  Educational

  $5,678,862

  Medical

  $5,874,168

  Retail

  $8,833,786

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.6683

Longitude

-92.379

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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