Versatile Flex Building in Little
1 Remington Dr Little Rock, AR 72204
1 Remington Dr, Little Rock, AR, 72204
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For Sale
Contact for pricing
15,284 sq ft flex building with office and warehouse space.
Property Size15,284 SF
Price / SF$251.90
Days on Market1021
Property Features for 1 Remington Dr
General Information
- Standard status
- Active
- Size
- 15,284 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 2011
Listing agency
Commercial Realty LLC Little Rock
(501) 219-0919
Listed by
Leonard Boen · License #AR PB00074570
Source
Crexi
Added: Oct 5, 2023 Updated: Jul 10 at 3:41PM Checked: Jul 21 at 12:06PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Realty LLC Little Rock
Investment Insights
Based on property information with market context.
Located in Little Rock, AR, this flex building offers a total of 15,284 sq. ft. The property includes 9,859 sq. ft. of heated warehouse space and 5,341 sq. ft. of office space. It features three 10x10 roll-up doors with dock-high access, a backup generator, and 47 parking spaces. The property has the potential for four different suites, offering versatility for various business needs. Situated behind Tractor Supply, the location provides convenience and accessibility. The property includes security lighting and a backup generator that runs the entire building. It can be used as an owner/user with the potential of leasing out spaces and can be divided into 4 separate spaces (currently used as 3 separate spaces). The owner occupies less than a fourth of the building and can move out within 15-30 days.
Key Highlights
- Reduced price of $3,450,000.00, presenting an excellent investment opportunity.
- 15,284 sq. ft. flex building with 9,859 sq. ft. of heated warehouse space and 5,341 sq. ft. of office space.
- Potential for four separate suites, offering versatility for various business needs and lease opportunities.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.7k | $12.48 |
| − Vacancy | −$12.2k | −$0.80 |
| EGI | $178.5k | $11.68 |
| − OpEx | −$62.5k | −$4.09 |
| NOI | $116.0k | $7.59 |
15,284 SF · lease $12.48/SF/yr · vacancy 6.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.93M
NOI $116,049 @ 7.0% cap · market cap 3.01%
Second Best
Warehouse
$996.5K
$871.9K – $1.16M
NOI $69,754 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,355 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial Components-AR, LLC
Distribution Center
Commercial Realty, LLC
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 15,284 sq ft flex building with office and warehouse space.
Where is this flex space located?
The property is located at 1 Remington Dr Little Rock, AR.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Reduced price of $3,450,000.00, presenting an excellent investment opportunity.; 15,284 sq. ft. flex building with 9,859 sq. ft. of heated warehouse space and 5,341 sq. ft. of office space.; Potential for four separate suites, offering versatility for various business needs and lease opportunities.
