Multi-Suite Flex Warehouse
For Sale
Contact for pricing
1112 West 9th Street, North Little Rock, AR 72114
Built in 2018, this flex warehouse offers heated-and-cooled space, 18-foot clear heights, and grade-level access across three suites.
Property Size6,720 SF
Lot Size0.33 Acres
Price / SF$118.90
Days on Market64
Property Features for 1112 West 9th Street
General Information
Standard status
Active
Size
6,720 SF
Lot size
0.33 Acres
Property subtype
Industrial
Zoning
C-6
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$36,000
Additional Details
Opportunity Zone
Yes
Fenced Yard
Yes
Clear Height
18 ft
Building Details
Year Built
2018
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
RPM Group
(501) 230-6233
Listed By:
John Lindsey · License #SA00094506
Source:
Crexi
Added: Jun 9
Changed: Aug 7
Last Checked: Aug 11 at 8:49AM
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 RPM Group
Investment Insights
Based on property information with market context.
This built-in-2018 flex warehouse is configured as three separate 2,056 SF ± suites, each supporting independent occupancy within a single building. The space includes heated and cooled warehouse areas and offers 18-foot clear heights, with grade-level access for practical day-to-day operations. The site is improved with reinforced concrete paving, exterior lighting, and perimeter security that includes a 6-foot wood privacy fence and a secured wood gate.
The property is for sale and is located within an Opportunity Zone. It sits on a 0.33-acre ± lot, providing a compact, functional footprint for industrial and flex users that need warehouse capability with straightforward truck-and-access needs.
For tenants, the suite-based layout can support flexible footprint requirements while keeping operations within a modern, maintained warehouse environment. For buyers and investors, the building’s three existing tenants and fully occupied status offer a turnkey setup, combined with warehouse characteristics such as clear height, climate-controlled areas, and grade-level access that can support a range of light industrial and distribution uses.
The property is for sale and is located within an Opportunity Zone. It sits on a 0.33-acre ± lot, providing a compact, functional footprint for industrial and flex users that need warehouse capability with straightforward truck-and-access needs.
For tenants, the suite-based layout can support flexible footprint requirements while keeping operations within a modern, maintained warehouse environment. For buyers and investors, the building’s three existing tenants and fully occupied status offer a turnkey setup, combined with warehouse characteristics such as clear height, climate-controlled areas, and grade-level access that can support a range of light industrial and distribution uses.
Key Highlights
- 6,720 SF flex warehouse built in 2018, currently 100% occupied by three tenants
- Divided into three 2,056 SF ± suites for flexible leasing and layout
- Heated and cooled warehouse space with 18‑foot clear heights
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
$40,808
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
5.11%
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%
$816,160
$816.2K
Cap Rate 7%
$582,971
$583.0K
Cap Rate 9%
$453,422
$453.4K
Market Conditions
NOI Build-Up for 6,720 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
$66.9K $9.96/SF
− Vacancy
−$4.1K −$0.62/SF
EGI
$62.8K $9.34/SF
− OpEx
−$22.0K −$3.27/SF
NOI
$40.8K $6.07/SF
Area
Pulaski County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$816,160
Cap Rate 7%
$582,971
Cap Rate 9%
$453,422
Alternative Uses
Best Use
Flex RnD
$583.0K
$510.1K – $680.1K
NOI $40,808 @ 7.0% cap · market cap 5.11%
Second Best
Warehouse
$512.4K
$448.4K – $597.9K
NOI $35,871 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,729 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Built in 2018, this flex warehouse offers heated-and-cooled space, 18-foot clear heights, and grade-level access across three suites.
Where is this flex space located?
The property is located at 1112 West 9th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 6,720 SF flex warehouse built in 2018, currently 100% occupied by three tenants; Divided into three 2,056 SF ± suites for flexible leasing and layout; Heated and cooled warehouse space with 18‑foot clear heights
