Downtown Development
106 S Cross St Little Rock, AR 72201
106 S Cross St, Little Rock, AR, 72201
Contact for pricing
For Sale
Contact for pricing
Warehouse and vacant land near Little Rock's Central Business District.
Property Size13,965 SF
Price / SF$51.92
Days on Market2847
Property Features for 106 S Cross St
General Information
- Standard status
- Active
- Size
- 13,965 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1972
Listing Agency
Moses Tucker Partners
(479) 271-6118
Listed by
Eric Nelson · License #EB00074278
Source
Crexi
Added: Oct 2, 2018 Checked: Jul 17 at 1:10 pm
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
This property presents a downtown development opportunity, featuring a warehouse and vacant land. It is located just a few blocks from downtown Little Rock’s Central Business District and is situated on the Arkansas River Trail, within the Little Rock Arts District. The property size is 13965 square feet. Recent redevelopment has been completed in the surrounding area.
Key Highlights
- Downtown development opportunity.
- Located only a few blocks from downtown Little Rock’s Central Business District.
- On the Arkansas River Trail.
Local Financial Insights For Warehouse
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 | $78.8k | $5.64 |
| − Vacancy | −$3.8k | −$0.27 |
| EGI | $75.0k | $5.37 |
| − OpEx | −$11.2k | −$0.81 |
| NOI | $63.7k | $4.56 |
13,965 SF · lease $5.64/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$910.5K
$796.7K – $1.06M
NOI $63,735 @ 7.0% cap · market cap 8.79%
Second Best
Industrial
$749.8K
$656.1K – $874.8K
NOI $52,487 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,583 @ 7.0% cap · market cap 24.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Commercial land
Similar For Sale Nearby
Similar Off Market Nearby
- Le Fevre Self Storage — Simmons Tower, 425 W Capitol Ave # 400, Little Rock, AR 72201
- Record Nations — 124 W Capitol Ave #885, Little Rock, AR 72201
- Arkansas Storage Centers — 823 S Main St, Little Rock, AR 72201
- Information Vaulting Services — 325 W Capitol Ave # B1, Little Rock, AR 72201
- Merchants Transfer & Warehouse Company — 621 W 8th St, Little Rock, AR 72201
FAQs
What type of property is this?
Warehouse - Warehouse and vacant land near Little Rock's Central Business District.
Where is this warehouse located?
The property is located at 106 S Cross St Little Rock, AR.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Downtown development opportunity.; Located only a few blocks from downtown Little Rock’s Central Business District.; On the Arkansas River Trail.
