Live-Work Corner
For Sale
$124,900
4001 HWY 161, North Little Rock, AR 72117
COMMERCIAL - North Little Rock, AR
Property Size992 SF
Lot Size0.59 Acres
Price / SF$125.91
Days on Market193
Property Features for 4001 HWY 161
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Neighborhood Commercial, Office and Industrial
Parking
4
Interior features
Public Restrooms, Window Treatments, Kitchen Area, Living Area, Ceiling Fans, In-Unit Bathroom, Phone System, Showers
Exterior features
Fully Fenced, Outside Storage Area
Fencing
Full
Lot features
Level, Corner Lot
Directions
Prothro Junction to HWY 161.
Subdivision
North Little Rock (CENTRAL)
Standard status
Active
APN
23N0211901201
Size
992 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ON FILE
Tax Annual Amount
508
Legal Description
ON FILE
Building Details
Year built
1938
Floors in Building
1
Flooring type
Wood
Roof type
Composition
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Keller Williams Realty NEA
(870) 800-4355
Listed By:
Ronald Hollis Jr.
(501) 993-7170
Added: Feb 11
Changed: Aug 4
Last Checked: Aug 23 at 4:06PM
MLS# 26005295
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 live-work property offers a mix of business and day-to-day space on a corner lot, shaded by mature trees. The interior includes multiple office areas and a customer lounge, along with a layout that features 2 bedrooms and 1 full bath, a kitchen, and an additional flexible room. Recent updates include fresh paint throughout and updated ceiling fans. Outside, the property includes a one-car garage and a fully fenced lot with a stable perimeter.
The site provides practical access and parking convenience with three separate driveways and lots of parking. The roof is less than 5 years old.
Overall, the configuration supports flexible use of both interior rooms and dedicated offices for client-facing or work-from-home operations, with room for outdoor privacy on the fenced corner lot.
The site provides practical access and parking convenience with three separate driveways and lots of parking. The roof is less than 5 years old.
Overall, the configuration supports flexible use of both interior rooms and dedicated offices for client-facing or work-from-home operations, with room for outdoor privacy on the fenced corner lot.
Key Highlights
- 1938‑built commercial property on a corner lot with 59 acres of space and mature trees for privacy
- Multiple office areas plus a customer lounge, with 2 bedrooms and 1 full bath included
- Kitchen and a flexible room, with interior features including ceiling fans, public restrooms, showers, and in‑unit bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,800
$184.8K
Cap Rate 7%
$132,000
$132.0K
Cap Rate 9%
$102,667
$102.7K
Market Conditions
NOI Build-Up for 992 SF
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.
Gross rent
$16.1K $16.20/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$14.8K $14.90/SF
− OpEx
−$5.5K −$5.59/SF
NOI
$9.2K $9.32/SF
Area
Pulaski County, AR
Vacancy
8.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,800
Cap Rate 7%
$132,000
Cap Rate 9%
$102,667
Alternative Uses
Best Use
Mixed Use
$132.0K
$115.5K – $154.0K
NOI $9,240 @ 7.0% cap · market cap 7.40%
Second Best
Office B
$118.5K
$103.7K – $138.3K
NOI $8,296 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$189.2K
$165.6K – $220.8K
NOI $13,246 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
129
Businesses Nearby
Explore this area
Business Placement
Demographics for 72117, AR
13,730
Population
6,691
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
83%
High-School Grad
54.4 sq mi
ZIP Area
252
Density / Sq Mi
$41,670
Median Household Income
$31,903
Median Earnings
$1,125
Median Rent
$125,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Live-work property with multiple office areas, customer lounge, and a fully fenced, corner lot with three driveways.
Where is this live-work space located?
The property is located at 4001 HWY 161 North Little Rock, AR.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 1938‑built commercial property on a corner lot with 59 acres of space and mature trees for privacy; Multiple office areas plus a customer lounge, with 2 bedrooms and 1 full bath included; Kitchen and a flexible room, with interior features including ceiling fans, public restrooms, showers, and in‑unit bathroom
