Downtown Development
For Sale
Contact for pricing
106 S Cross St, Little Rock, AR 72201
Warehouse and vacant land near Little Rock's Central Business District.
Property Size13,965 SF
Price / SF$51.92
Days on Market2892
Property Features for 106 S Cross St
General Information
Standard status
Active
Size
13,965 SF
Class
C
Property subtype
Industrial
Zoning
CZD Capitol Zoning District
Building Details
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Moses Tucker Partners
(479) 271-6118
Listed By:
Eric Nelson · License #EB00074278
Source:
Crexi
Added: Oct 2, 2018
Changed: Aug 21
Last Checked: Aug 29 at 2:02AM
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.
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
$63,735
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
8.79%
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%
$1,274,700
$1.3M
Cap Rate 7%
$910,500
$910.5K
Cap Rate 9%
$708,167
$708.2K
Market Conditions
NOI Build-Up for 13,965 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
$78.8K $5.64/SF
− Vacancy
−$3.8K −$0.27/SF
EGI
$75.0K $5.37/SF
− OpEx
−$11.2K −$0.81/SF
NOI
$63.7K $4.56/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /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%
$1,274,700
Cap Rate 7%
$910,500
Cap Rate 9%
$708,167
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,862
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Information Vaulting Services — 325 W Capitol Ave # B1, Little Rock, AR 72201
- Record Nations — 124 W Capitol Ave #885, Little Rock, AR 72201
Frequently Asked Questions
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.
