Mixed-Use Property on Large
4001 HWY 161, North Little Rock, AR 72117
Traditional, Building and Land - North Little Rock, AR
Property size:
992 SFLot size:
0.59 AcresPrice / SF:
$151/SF- Added:
- Feb 11, 2026
- Days on Market:
- 94
- Last Refresh:
- May 16 at 1:06 am
Property Features for 4001 HWY 161
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- 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
- Fenced, Full
- Standard status
- Active
- APN
- 23N0211901201
- Size
- 992 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 507.82
Utilities
- Utilities
- Phone Available
- Heating system
- Floor Furnace, Wall Furnace
- Cooling system
- Multi Units, Window Unit(s)
Building Details
- Year built
- 1938
- Floors in Building
- 1
- Flooring type
- Wood
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- New Traditional
- Additional Structures
- Storage
Listing agent Ronald Hollis Jr. (501) 993-7170
Listing office Keller Williams Realty NEA 519 W Washington Ave, Jonesboro, AR (870) 800-4355
Listing date Feb 11, 2026
MLS# 26005295
Listing URL
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.
HighLights
- Versatile commercial property ideal for entrepreneurs, creatives, or investors, offering a blend of living and working spaces.
- Large corner lot (.59 acres) with mature trees provides privacy and natural charm.
- Multiple usable interior spaces including office areas, customer lounge, 2 bedrooms, 1 bath, and kitchen.
- Ample parking with 3 separate driveways and a fully fenced lot.
- Updated features include fresh paint, ceiling fans, and a roof less than 5 years old.
- Additional features include public restrooms, window treatments, phone system, and outside storage area.
Overview
This mixed-use property is situated on a corner lot spanning 0.59 acres, shaded by mature trees. The property offers business flexibility suitable for entrepreneurs, creatives, investors, or those seeking a multifunctional space. The 992 square-foot building features versatile interior spaces, multiple office areas, a customer lounge, two bedrooms, one full bath, a kitchen, and a flexible room. Additional features include updated ceiling fans, fresh paint throughout, a roof less than 5 years old, and a one-car garage. The property also includes multiple usable spaces, three separate driveways, ample parking, and a fully fenced lot. Located in North Little Rock, Pulaski County, Arkansas, this property offers endless potential.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$102.7K
NOI $9,240 @ 9.00% cap · cautious / downside scenario
Moderate
$132.0K
NOI $9,240 @ 7.00% cap · market / base-case scenario
Aggressive
$184.8K
NOI $9,240 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.1k | $16.20 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $14.8k | $14.90 |
| − OpEx | −$5.5k | −$5.59 |
| NOI | $9.2k | $9.32 |
992 SF · lease $16.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$132.0K
$115.5K – $154.0K
NOI $9,240 @ 7.0% cap · market cap 6.16%
Second Best
Retail
$130.8K
$114.4K – $152.6K
NOI $9,155 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$189.2K
$165.6K – $220.8K
NOI $13,246 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.20064
- Latitude
- 34.789839
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Versatile mixed-use property on a spacious lot with mature trees.
Where is this mixed-use property 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 $149,900.
What are key features of this property?
This property features: Versatile commercial property ideal for entrepreneurs, creatives, or investors, offering a blend of living and working spaces.; Large corner lot (.59 acres) with mature trees provides privacy and natural charm.; Multiple usable interior spaces including office areas, customer lounge, 2 bedrooms, 1 bath, and kitchen.
