Small Warehouse Storage
For Sale
$102,000
100 Sierra Madre Dr, North Little Rock, AR 72118
Small warehouse offered for sale and sold as-is, suited for storage of supplies and equipment.
Property Size1,570 SF
Price / SF$64.97
Days on Market92
Property Features for 100 Sierra Madre Dr
General Information
Standard status
Active
Size
1,570 SF
Taxes and HOA fees
Annual Taxes
$560
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 940-1097
Listed By:
Charley Williams
(501) 940-1097
Source:
Exprealty
Added: May 21
Changed: Aug 20
Last Checked: Aug 20 at 12:25PM
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 McKimmey Associates REALTORS NLR
Investment Insights
Based on property information with market context.
This small warehouse is well suited for storing extra furnishings, auto parts, and various supplies. The property has been family owned for the past 10+ years and is being sold as-is.
Offered as a straightforward storage building, the space may work for buyers looking for a compact, utilitarian facility. It is presented in its current condition without promised improvements or repairs.
If you’re seeking a smaller warehouse option for inventory or offsite storage, this facility provides a practical footprint for that purpose.
Offered as a straightforward storage building, the space may work for buyers looking for a compact, utilitarian facility. It is presented in its current condition without promised improvements or repairs.
If you’re seeking a smaller warehouse option for inventory or offsite storage, this facility provides a practical footprint for that purpose.
Key Highlights
- Small warehouse available for sale and sold as‑is
- Suitable for storing extra furnishings, auto parts, and various supplies
- Family owned for the past 10+ years
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
$8,381
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
8.22%
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%
$167,620
$167.6K
Cap Rate 7%
$119,729
$119.7K
Cap Rate 9%
$93,122
$93.1K
Market Conditions
NOI Build-Up for 1,570 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
$10.4K $6.60/SF
− Vacancy
−$503 −$0.32/SF
EGI
$9.9K $6.28/SF
− OpEx
−$1.5K −$0.94/SF
NOI
$8.4K $5.34/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
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%
$167,620
Cap Rate 7%
$119,729
Cap Rate 9%
$93,122
Alternative Uses
Best Use
Warehouse
$119.7K
$104.8K – $139.7K
NOI $8,381 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$299.5K
$262.1K – $349.4K
NOI $20,964 @ 7.0% cap · market cap 20.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
222
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- North Little Rock Storage — 2701 Parkway Dr, North Little Rock, AR 72118
Frequently Asked Questions
What type of property is this?
Warehouse - Small warehouse offered for sale and sold as-is, suited for storage of supplies and equipment.
Where is this warehouse located?
The property is located at 100 Sierra Madre Dr North Little Rock, AR.
What is the asking price?
The asking price for this property is $102,000.
What are key features of this property?
This property features: Small warehouse available for sale and sold as‑is; Suitable for storing extra furnishings, auto parts, and various supplies; Family owned for the past 10+ years
