Executive Office
For Sale
Contact for pricing
11621 Rainwood Road, Little Rock, AR 72212
A 140-square-foot office offers a compact workspace within a shared professional office setting.
Property Size140 SF
Price / SF$4.29
Days on Market293
Property Features for 11621 Rainwood Road
General Information
Standard status
Active
Size
140 SF
Total Parking Spaces
3
Property subtype
Commercial
Site & Location
Neighborhood
Walnut Valley
Additional Details
Property Use
Executive office
Amenities
Community Kitchen
Building Details
Building Size
140 SF
Year Built
1985
Stories
1
Listing Agency:
Adkins & Associates Real Estate
(501) 224-3900
Listed By:
Dennis Adkins
(501) 690-2482
Source:
Carolynrussellrealestate
Added: Jan 16
Changed: Nov 4
Last Checked: Nov 3 at 2:53PM
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 Adkins & Associates Real Estate
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Investment Insights
Based on property information with market context.
This 140-square-foot office unit is located within the Adkins and Associates office suite. A community kitchen is available as part of the setting, with construction dating to 1985.
The property is at 11621 Rainwood Road in Little Rock, Arkansas.
The property is at 11621 Rainwood Road in Little Rock, Arkansas.
Key Highlights
- 140‑square‑foot office unit
- Community kitchen
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,333
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,660
$26.7K
Cap Rate 7%
$19,043
$19.0K
Cap Rate 9%
$14,811
$14.8K
Market Conditions
NOI Build-Up for 140 SF
Gross rent
$2.0K $14.28/SF
− Vacancy
−$222 −$1.59/SF
EGI
$1.8K $12.69/SF
− OpEx
−$444 −$3.17/SF
NOI
$1.3K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$26,660
Cap Rate 7%
$19,043
Cap Rate 9%
$14,811
Alternative Uses
Best Use
Office B
$19.0K
$16.7K – $22.2K
NOI $1,333 @ 7.0% cap · market cap 222.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$25.4K
$22.3K – $29.7K
NOI $1,780 @ 7.0% cap · market cap 296.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
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Business Placement
Demographics for 72212, AR
12,612
Population
5,469
Households
2.3
Avg Household Size
43
Median Age
72%
College-Educated
98%
High-School Grad
6.1 sq mi
ZIP Area
2,068
Density / Sq Mi
$116,310
Median Household Income
$66,158
Median Earnings
$1,089
Median Rent
$341,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - A 140-square-foot office offers a compact workspace within a shared professional office setting.
Where is this office unit located?
The property is located at 11621 Rainwood Road Little Rock, AR.
What are key features of this property?
This property features: 140‑square‑foot office unit; Community kitchen; Built in 1985
