Downtown Development
For Sale
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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 Market2956
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
Site & Location
Neighborhood
Little Rock Arts Na
Building Details
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Moses Tucker Partners
Listed By:
Eric Nelson · License #EB00074278
(501) 951-1802
Source:
Crexi
Added: Oct 2, 2018
Changed: Oct 25
Last Checked: Nov 3 at 3:42AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$63,735
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Arkansas Storage Centers — 823 S Main St, Little Rock, AR 72201
- Merchants Transfer & Warehouse Company — 621 W 8th St, Little Rock, AR 72201
- Le Fevre Self Storage — Simmons Tower, 425 W Capitol Ave # 400, Little Rock, AR 72201
- 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.
