Mixed-Use Property with Event
For Sale
$1,200,000
700 Russenberger Road, Little Rock, AR 72206
Commercial / Industrial, Little Rock, AR
Property Size12,090 SF
Lot Size8.15 Acres
Price / SF$99.26
Days on Market319
Property Features for 700 Russenberger Road
General Information
Property type
Commercial Sale
Property subtype
Other
Interior features
220 Volt Power, Kitchen Area, Ceiling Fans
Exterior features
Fully Fenced, Roof Sign, Overhead Doors
Fencing
Full
Subdivision
Flavia
Lot features
Level, Rural Property
Directions
From Little Rock take I-530 to Dixon Rd. exit to west on Dixon Rd. to left on Ironton Rd. Ironton Rd. to right on Russenberger Rd.
Standard status
Active
Size
12,090 SF
Lot size
8.15 Acres
Taxes and HOA fees
Tax Description
Provided by Title Commitment
Tax Annual Amount
7977
Legal Description
Provided by Title Commitment
Building Details
Year built
2001
Floors in Building
1
Flooring type
Carpet - Partial, Vinyl
Roof type
Metal
Listing Agency:
Access Realty, Inc.
(501) 228-0018
Listed By:
Rocky Herman
(501) 240-9172
Added: Nov 12, 2025
Changed: Sep 13
Last Checked: Sep 27 at 7:06PM
MLS# 25046082
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 mixed-use property in Little Rock occupies 8.15 acres and includes four separate buildings serving varied commercial and operational functions. Improvements include a 4,000-square-foot event center, a 2,290-square-foot office building, a 2,900-square-foot mechanic’s workshop, and a 2,100-square-foot horse barn. The workshop has two bay doors, while the barn contains 10 stalls and is identified as suitable for conversion to storage space.
Built in 2001, the property features a metal roof, full fencing, overhead doors, and a roof sign. Interior features include 220-volt power, a kitchen area, ceiling fans, partial carpet, and vinyl flooring. The combination of event, office, workshop, and barn improvements creates a broad mixed-use configuration within Pulaski County.
Built in 2001, the property features a metal roof, full fencing, overhead doors, and a roof sign. Interior features include 220-volt power, a kitchen area, ceiling fans, partial carpet, and vinyl flooring. The combination of event, office, workshop, and barn improvements creates a broad mixed-use configuration within Pulaski County.
Key Highlights
- 8.15‑acre mixed‑use property in Little Rock
- Four buildings totaling 4,000 SF event center, 2,290 SF office, 2,900 SF workshop, and 2,100 SF horse barn
- Mechanic’s workshop includes two bay doors and 220‑volt power
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
$45,440
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
3.79%
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%
$908,800
$908.8K
Cap Rate 7%
$649,143
$649.1K
Cap Rate 9%
$504,889
$504.9K
Market Conditions
NOI Build-Up for 12,090 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
$68.2K $5.64/SF
− Vacancy
−$3.3K −$0.27/SF
EGI
$64.9K $5.37/SF
− OpEx
−$19.5K −$1.61/SF
NOI
$45.4K $3.76/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /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%
$908,800
Cap Rate 7%
$649,143
Cap Rate 9%
$504,889
Alternative Uses
Best Use
Retail
$1.94M
$1.69M – $2.26M
NOI $135,557 @ 7.0% cap · market cap 11.30%
Second Best
Mixed Use
$1.72M
$1.50M – $2.00M
NOI $120,109 @ 7.0% cap · market cap 10.01%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,740 @ 7.0% cap · market cap 12.81%
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
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
Median Home Value
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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?
Mixed-use property - Four buildings support event, office, mechanical, and equestrian functions, with overhead doors and 220-volt power.
Where is this mixed-use property located?
The property is located at 700 Russenberger Road Little Rock, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 8.15‑acre mixed‑use property in Little Rock; Four buildings totaling 4,000 SF event center, 2,290 SF office, 2,900 SF workshop, and 2,100 SF horse barn; Mechanic’s workshop includes two bay doors and 220‑volt power
