Corner Storefront
For Sale
$625,000
4616 E Broadway St, North Little Rock, AR 72117
Commercial / Industrial, North Little Rock, AR
Property Size5,016 SF
Lot Size0.35 Acres
Price / SF$124.60
Days on Market182
Property Features for 4616 E Broadway St
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
28
Lot features
Level
Directions
From downtown North Little Rock head East on E, Broadway. The property will be on your Right on the corner of Lynch Dr. And Broadway St..
Subdivision
NORTH LITTLE ROCK (DOWNTOWN/EAST
Standard status
Active
Size
5,016 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
Metes & Bounds
Tax Annual Amount
3042
Legal Description
Metes & Bounds
Building Details
Year built
1956
Floors in Building
1
Listing Agency:
Michele Phillips & Co. Realtors
(501) 834-3433
Listed By:
Jacob Hall
(501) 766-1624
Added: Mar 10
Changed: Aug 19
Last Checked: Sep 7 at 6:06PM
MLS# 26009202
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 storefront property includes a 5,016-square-foot building on a 0.35-acre parcel. The site is configured as a corner lot, with the building and land offered together. All contents located inside the property convey with the sale.
Constructed in 1956, the property is zoned C-2 and located at 4616 E Broadway St in North Little Rock, Arkansas. The asset combines an existing commercial building with its underlying land and included interior contents.
Constructed in 1956, the property is zoned C-2 and located at 4616 E Broadway St in North Little Rock, Arkansas. The asset combines an existing commercial building with its underlying land and included interior contents.
Key Highlights
- 5,016‑square‑foot storefront building
- 0.35‑acre corner lot
- C‑2 zoning
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
$46,290
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
7.41%
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%
$925,800
$925.8K
Cap Rate 7%
$661,286
$661.3K
Cap Rate 9%
$514,333
$514.3K
Market Conditions
NOI Build-Up for 5,016 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
$70.4K $14.04/SF
− Vacancy
−$4.3K −$0.86/SF
EGI
$66.1K $13.18/SF
− OpEx
−$19.8K −$3.96/SF
NOI
$46.3K $9.23/SF
Area
Pulaski County, AR
Vacancy
6.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
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%
$925,800
Cap Rate 7%
$661,286
Cap Rate 9%
$514,333
Alternative Uses
Best Use
Retail
$661.3K
$578.6K – $771.5K
NOI $46,290 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$956.8K
$837.2K – $1.12M
NOI $66,977 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
22k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Circle K
Shops & Services
6,101 visits/mo
0.4 miles
Little Caesars Pizza
Dining
5,025 visits/mo
0.5 miles
Dollar General
Shops & Services
3,108 visits/mo
0.5 miles
Family Dollar
Shops & Services
2,844 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
2,303 visits/mo
0.2 miles
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 Retail 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?
Storefront property - The sale includes the building, land, and all contents located inside.
Where is this storefront property located?
The property is located at 4616 E Broadway St North Little Rock, AR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 5,016‑square‑foot storefront building; 0.35‑acre corner lot; C‑2 zoning
