Office Unit in Quapaw
For Sale
$72,500
700 E 9th Street, Little Rock, AR 72202
Commercial / Industrial, Little Rock, AR
Property Size662 SF
Price / SF$109.52
Days on Market430
Property Features for 700 E 9th Street
General Information
Property type
Residential
Property subtype
Office
Security features
Security
Interior features
Sprinkler, Elevator
Exterior features
Fully Fenced, Landscaping, Security
Fencing
Full
Accessibility
Accessible Elevator Installed
Lot features
Level
Directions
off of 7th Street
Subdivision
Little Rock
Standard status
Active
Size
662 SF
Taxes and HOA fees
Tax Description
QUAPAW TOWERS HPR APT 1A
Tax Annual Amount
580
Legal Description
QUAPAW TOWERS HPR APT 1A
Building Details
Year built
1963
Listing Agency:
The Mike Rushin Co. Inc.
(501) 663-3419
Listed By:
Michael Rushin Jr.
(501) 351-4540
Added: Jul 8, 2025
Changed: Sep 4
Last Checked: Sep 10 at 1:06PM
MLS# 25026798
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 662-square-foot office unit is located in Quapaw Towers, a property built in 1963. Building features include elevator service, an accessible elevator, and sprinkler protection.
The property is situated at 700 E 9th Street in Little Rock, Arkansas. Exterior improvements include full fencing, landscaping, and security features, providing a defined and controlled setting for the office space.
The property is situated at 700 E 9th Street in Little Rock, Arkansas. Exterior improvements include full fencing, landscaping, and security features, providing a defined and controlled setting for the office space.
Key Highlights
- 662‑square‑foot office unit in Quapaw Towers
- Built in 1963
- Elevator service with an accessible elevator installed
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
$6,303
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
8.69%
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%
$126,060
$126.1K
Cap Rate 7%
$90,043
$90.0K
Cap Rate 9%
$70,033
$70.0K
Market Conditions
NOI Build-Up for 662 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
$9.5K $14.28/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$8.4K $12.69/SF
− OpEx
−$2.1K −$3.17/SF
NOI
$6.3K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
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%
$126,060
Cap Rate 7%
$90,043
Cap Rate 9%
$70,033
Alternative Uses
Best Use
Office B
$90.0K
$78.8K – $105.1K
NOI $6,303 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$120.3K
$105.2K – $140.3K
NOI $8,418 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Elevator-served office space with sprinkler protection, security features, and an accessible building entrance.
Where is this office units located?
The property is located at 700 E 9th Street Little Rock, AR.
What is the asking price?
The asking price for this property is $72,500.
What are key features of this property?
This property features: 662‑square‑foot office unit in Quapaw Towers; Built in 1963; Elevator service with an accessible elevator installed
