Versatile Flex Space in Little
920 S Spring St Little Rock, AR
920 S Spring St, Little Rock, AR, 00000
Contact for pricing
For Sale
Contact for pricing
20,902 SF flex space with parking and warehouse.
Property Size20,902 SF
Lot Size0.48 Acres
Price / SF$57.41
Days on Market804
Property Features for 920 S Spring St
General Information
- Standard status
- Active
- Size
- 20,902 SF
- Lot size
- 0.48 Acres
- Property subtype
- FLEX_R_AND_D
Listing agency
Hathaway Group
(501) 529-4868
Listed by
David Hathaway
(501) 529-4868
Source
Moodyscre
Added: May 9, 2024 Updated: Jul 6 at 10:01AM Checked: Jul 21 at 5:29AM
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 Hathaway Group
Investment Insights
Based on property information with market context.
This 20,902 square foot building is located in Little Rock, Arkansas. The property, situated on a 0.48-acre building site, features an additional leased 0.96-acre parking lot. The flex area comprises approximately 17,302 square feet, while the heated warehouse and shipping/receiving area covers 3,600 square feet. The building includes a 50-space parking lot leased through April 30, 2029, with options to renew for two additional five-year terms through April 30, 2039; lease details are available and will be assigned with the sale of the building. The warehouse is equipped with roll-up overhead doors accessible from the parking lot and Spring Street, along with a dock-high on-ramp for unloading. Interior features include a wet sprinkler system, multiple restrooms, a large breakroom, executive offices, sales offices, training rooms, a showroom, open parts and service areas, and additional attic storage space not included in the listed square footage. The property is zoned UU - Urban Use District.
Key Highlights
- Large building with 20,902± SF of flexible space, including a 17,302± SF office/showroom.
- Includes a 50‑space parking lot leased through 4/30/2029, with renewal options.
- Warehouse features roll‑up overhead doors and a dock‑high on‑ramp.
Local Financial Insights For Warehouse
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 | $117.9k | $5.64 |
| − Vacancy | −$5.7k | −$0.27 |
| EGI | $112.2k | $5.37 |
| − OpEx | −$16.8k | −$0.81 |
| NOI | $95.4k | $4.56 |
20,902 SF · lease $5.64/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.32M
NOI $199,012 @ 7.0% cap · market cap 16.58%
Second Best
Flex RnD
$2.27M
$1.98M – $2.65M
NOI $158,705 @ 7.0% cap · market cap 13.23%
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,795 @ 7.0% cap · market cap 22.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SALVAGEDATA Recovery Services
Computer & Electronic Repair
Similar For Sale Nearby
Similar Off Market Nearby
- Legacy Bistro & Bar — 625 W Capitol Ave, Little Rock, AR 72201
- Two Sisters Uptown — 201 N Izard St, Little Rock, AR 72201
- Rx Catering — 921 W Capitol Ave, Little Rock, AR 72201
FAQs
What type of property is this?
Flex space - 20,902 SF flex space with parking and warehouse.
Where is this flex space located?
The property is located at 920 S Spring St Little Rock, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Large building with 20,902± SF of flexible space, including a 17,302± SF office/showroom.; Includes a 50‑space parking lot leased through 4/30/2029, with renewal options.; Warehouse features roll‑up overhead doors and a dock‑high on‑ramp.
