Office and Warehouse Space
1924 Fendley Dr North Little Rock, AR 72114
For Sale
$775,000
Two-story office/warehouse with convenient access to major interstates.
Property Size2,856 SF
Price / SF$271.36
Days on Market248
Property Features for 1924 Fendley Dr
General Information
- Standard status
- Active
- Size
- 2,856 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing Agency:
Kelley Commercial Partners - Little Rock
(501) 766-3021
Listed By:
Gary Smith · License #00075069
(501) 766-3021
Source:
Kelleycommercialpartners
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 26 at 5:21AM
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 Kelley Commercial Partners - Little Rock
Investment Insights
Based on property information with market context.
This two-story office and warehouse property offers approximately 11,625 square feet of space on a 0.92-acre lot. The property includes approximately 8,796 square feet of office space and 2,856 square feet of warehouse space. Located at the corner of Fendley Drive and Memorial Drive in North Little Rock, it is conveniently situated near Pulaski Technical College with quick access to I-430, I-40, and I-30. The property features 47 surface parking spaces. The upper level includes a reception/waiting area, a large training room, a conference room, 14 offices, 7 restrooms, a kitchen, a break room, a storage closet, and a supply room. The lower level features a heated and cooled warehouse, an overhead door for easy access, a fenced loading/unloading area, 9 offices, 3 restrooms, and a break room.
Key Highlights
- Combination of office and warehouse space totaling ±11,625 SF on ±0.92 acres.
- Strategic location with quick access to I‑430, I‑40, and I‑30.
- Ample parking with 47 surface spaces.
Financial Insights For Office B
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 | $36.0k | $12.60 |
| − Vacancy | −$4.1k | −$1.45 |
| EGI | $31.8k | $11.15 |
| − OpEx | −$8.0k | −$2.79 |
| NOI | $23.9k | $8.36 |
2,856 SF · lease $12.60/SF/yr · vacancy 11.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$341.2K
$298.6K – $398.1K
NOI $23,885 @ 7.0% cap · market cap 3.08%
Second Best
Warehouse
$217.8K
$190.6K – $254.1K
NOI $15,245 @ 7.0% cap · market cap 1.97%
Theoretical Best
Specialty Retail
$544.8K
$476.7K – $635.6K
NOI $38,135 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
JK Janitorial Services
General Contractor
SP Environmental
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office units - Two-story office/warehouse with convenient access to major interstates.
Where is this office units located?
The property is located at 1924 Fendley Dr North Little Rock, AR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Combination of office and warehouse space totaling ±11,625 SF on ±0.92 acres.; Strategic location with quick access to I‑430, I‑40, and I‑30.; Ample parking with 47 surface spaces.
