Renovating Flex Warehouse
For Sale
$572,000
2323 E Broadway Street, North Little Rock, AR 72114
COMMERCIAL - North Little Rock, AR
Property Size6,720 SF
Lot Size0.34 Acres
Price / SF$85.12
Days on Market87
Property Features for 2323 E Broadway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Interior features
Smoke Detector, Kitchen Area, Ceiling Fans
Lot features
Corner Lot
Directions
Take I-30 towards downtown Little Rock, take exit 141 toward Broadway onto N. Cypress St. continue about 0.4 miles, left on E. Broadway Ave, continue for about 1.3 miles, property on your left.
Subdivision
NORTH LITTLE ROCK (DOWNTOWN/EAST
Standard status
Active
Size
6,720 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
CHOCTAW LTS 9 & 10 BLK 19 REPL
Tax Annual Amount
2027
Legal Description
CHOCTAW LTS 9 & 10 BLK 19 REPL
Building Details
Year built
1989
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
CENTURY 21 Prestige Realty · Century 21 Real Estate
(501) 982-4574
Listed By:
Jiselen Robinson
(501) 416-2216
Added: May 7
Changed: Jul 9
Last Checked: Aug 1 at 5:06PM
MLS# 26018407
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This flex warehouse building is currently being renovated. The property includes a 1,700-sf area with lobby space, offices, a kitchen, a conference room, and two bathrooms. In addition, there is a 5,000-sf warehouse component outfitted with two bay doors.
The property is located at 2323 E Broadway Street in North Little Rock, Arkansas, in Pulaski County.
With dedicated office and amenity space alongside warehouse storage and loading access, the layout is designed to support mixed-use operations under one roof.
The property is located at 2323 E Broadway Street in North Little Rock, Arkansas, in Pulaski County.
With dedicated office and amenity space alongside warehouse storage and loading access, the layout is designed to support mixed-use operations under one roof.
Key Highlights
- 6720 SF building currently being renovated (1700 SF lobby/offices/kitchen/conference room and 2 baths)
- Includes a 5000 SF warehouse with 2 bay doors
- Year built: 1989
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $9.96 |
| − Vacancy | −$4.1k | −$0.62 |
| EGI | $62.8k | $9.34 |
| − OpEx | −$22.0k | −$3.27 |
| NOI | $40.8k | $6.07 |
6,720 SF · lease $9.96/SF/yr · vacancy 6.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$802.9K
$702.5K – $936.7K
NOI $56,201 @ 7.0% cap · market cap 9.83%
Second Best
Flex RnD
$583.0K
$510.1K – $680.1K
NOI $40,808 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,729 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - A 6,720-sf building with lobby offices, conference room, kitchen, and a 5,000-sf warehouse with two bay doors.
Where is this flex space located?
The property is located at 2323 E Broadway Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $572,000.
What are key features of this property?
This property features: 6720 SF building currently being renovated (1700 SF lobby/offices/kitchen/conference room and 2 baths); Includes a 5000 SF warehouse with 2 bay doors; Year built: 1989
