Small Warehouse
For Sale
$102,000
100 Sierra Madre Dr, North Little Rock, AR 72118
Commercial / Industrial, North Little Rock, AR
Property Size1,570 SF
Lot Size0.24 Acres
Price / SF$64.97
Days on Market94
Property Features for 100 Sierra Madre Dr
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
3
Directions
From I-40 west take McArthur exit and turn left. Next, turn left onto Sierra Madre Dr and the warehouse will be on the right.
Subdivision
NORTH LITTLE ROCK (WEST/CRYSTAL
Standard status
Active
Size
1,570 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 3R
Tax Annual Amount
560
Legal Description
Lot 3R
Building Details
Year built
1960
Floors in Building
1
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 812-3500
Listed By:
Charley Williams
(501) 940-1097
Added: May 21
Changed: Aug 20
Last Checked: Aug 22 at 6:06PM
MLS# 26020594
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 1,570-square-foot warehouse occupies a 0.24-acre parcel in North Little Rock. Built in 1960, the property offers a compact commercial storage option for furnishings, auto parts, and assorted supplies. The sale is offered on an as-is basis.
The property is located at 100 Sierra Madre Dr in the 72118 postal area of Pulaski County, Arkansas. Ownership has remained with the same family for more than 10 years.
The property is located at 100 Sierra Madre Dr in the 72118 postal area of Pulaski County, Arkansas. Ownership has remained with the same family for more than 10 years.
Key Highlights
- 1,570 SF warehouse building
- 0.24‑acre parcel
- Built in 1960
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 - Suitable for storing furnishings, auto parts, and assorted supplies.
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: 1,570 SF warehouse building; 0.24‑acre parcel; Built in 1960
