812 Reservoir RdLittle Rock, AR 72227

Property Details for 812 Reservoir Rd

Year built

1990

Lot size

0.94 AC

Property size (Sq ft)

13,020 SF

Property type

Retail space

APN

43L-156-00-023-00

APU

43L1560002300

Description

This exceptional 13,020-square-foot office building in Little Rock, Arkansas, presents a compelling owner-user opportunity at an asking price of $950,000 ($72.96/SF). Located at 812 Reservoir Road, 72227, this single-story, Class C building sits on a 1.77-acre lot zoned C-3, offering significant potential. The property boasts recently renovated interior and exterior spaces, providing a modern and functional workspace. Ample parking is available, including frontage parking on Reservoir Road and additional spaces at the rear. A key feature is the lower-level basement, complete with a loading dock, enhancing logistical capabilities. The entire building is equipped with a sprinkler system, ensuring safety and compliance. Financial details are available upon request and the execution of a non-disclosure agreement. This vacant property is offered with a triple net (NNN) lease structure, providing flexibility for the new owner. The property's prime location in Pulaski County, Arkansas, offers excellent accessibility and visibility.

• CAP approach

  CAP return

  Valuation

  6%

  $3,042,234

  6.5%

  $2,808,216

  7%

  $2,607,629

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,346,928

  Geo Method

  $2,346,928

• Alternative Use

  Use

  Valuation

  Residential

  $2,368,835

  Hospitality

  $2,169,840

  Educational

  $1,805,282

  Medical

  $1,867,368

  Retail

  $2,808,216

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7601

Longitude

-92.3775

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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