Industrial Flex Office
For Sale
Contact for pricing
1201 Cypress St, North Little Rock, AR 72114
Industrial property with a masonry office/warehouse, stand-alone warehouse, and attached utility building on 1.45 acres.
Property Size17,064 SF
Lot Size1.45 Acres
Price / SF$52.74
Days on Market245
Property Features for 1201 Cypress St
General Information
Standard status
Active
Size
17,064 SF
Lot size
1.45 Acres
Property subtype
INDUSTRIAL
Zoning
I-1
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Construction
Masonry
Properties For Sale
at 1201 Cypress St Contact us- Floor
- Bldg
- Size
- 17,064 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, COE
- Sublease
- No
Office/Warehouse Space
- Total square footage: 17,064 SF
- Lot size: +/- 1.45 acres
- Lease rate: $7,150/month
...
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Listing Agency:
Colliers - Little Rock
(501) 372-6161
Listed By:
James Clark Irwin
(501) 951-9113
Source:
Moodyscre
Added: Jan 9
Changed: Sep 10
Last Checked: Sep 11 at 11:08AM
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 Colliers - Little Rock
Investment Insights
Based on property information with market context.
This industrial property includes approximately 9,920 SF of masonry office/warehouse space, an attached utility building of approximately 1,144 SF, and a stand-alone warehouse of approximately 6,000 SF, all on approximately 1.45 acres. The site also features pylon signage visible from I-40.
The property provides convenient access to Interstate 30. Traffic counts are approximately 119,000 VPD along I-30 and approximately 7,000 VPD along E 13th St, supporting strong visibility for an I-1 industrial-zoned use.
Offered for sale as an industrial-flex style setup, the combined warehouse and office improvements provide a practical configuration for logistics and operations requiring both working space and on-site support space, subject to zoning and use approvals.
The property provides convenient access to Interstate 30. Traffic counts are approximately 119,000 VPD along I-30 and approximately 7,000 VPD along E 13th St, supporting strong visibility for an I-1 industrial-zoned use.
Offered for sale as an industrial-flex style setup, the combined warehouse and office improvements provide a practical configuration for logistics and operations requiring both working space and on-site support space, subject to zoning and use approvals.
Key Highlights
- 1.45‑acre I‑1 Industrial property with masonry office/warehouse, stand‑alone warehouse, and an attached utility building
- Total building area is approximately 17,064 SF, including approximately 9,920 SF masonry office/warehouse
- Includes an attached utility building of approximately 1,144 SF
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
$75,012
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
8.33%
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%
$1,500,240
$1.5M
Cap Rate 7%
$1,071,600
$1.1M
Cap Rate 9%
$833,467
$833.5K
Market Conditions
NOI Build-Up for 17,064 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
$112.6K $6.60/SF
− Vacancy
−$5.5K −$0.32/SF
EGI
$107.2K $6.28/SF
− OpEx
−$32.1K −$1.88/SF
NOI
$75.0K $4.40/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
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%
$1,500,240
Cap Rate 7%
$1,071,600
Cap Rate 9%
$833,467
Alternative Uses
Best Use
Flex RnD
$1.48M
$1.30M – $1.73M
NOI $103,623 @ 7.0% cap · market cap 11.51%
Second Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,086 @ 7.0% cap · market cap 10.12%
Theoretical Best
Specialty Retail
$3.25M
$2.85M – $3.80M
NOI $227,848 @ 7.0% cap · market cap 25.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with a masonry office/warehouse, stand-alone warehouse, and attached utility building on 1.45 acres.
Where is this flex space located?
The property is located at 1201 Cypress St North Little Rock, AR.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1.45‑acre I‑1 Industrial property with masonry office/warehouse, stand‑alone warehouse, and an attached utility building; Total building area is approximately 17,064 SF, including approximately 9,920 SF masonry office/warehouse; Includes an attached utility building of approximately 1,144 SF
