Renovated Flex Space with
For Sale
$800,000
710 Dixie St, North Little Rock, AR 72114
Renovated flex space with warehouse and outside storage.
Property Size10,416 SF
Lot Size1.10 Acres
Price / SF$76.80
Days on Market1094
Property Features for 710 Dixie St
General Information
Standard status
Active
Size
10,416 SF
Lot size
1.10 Acres
Property subtype
Industrial
Building Details
Year Built
1981
Listing Agency:
CBRE
Listed By:
William Callahan
(501) 370-2952
Source:
Lacdb.resimplifi
Added: Nov 3, 2023
Changed: Oct 25
Last Checked: Oct 30 at 10:38AM
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 CBRE
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Investment Insights
Based on property information with market context.
This property features a 10,416-square-foot building on a 1.10-acre lot. The facility was completely renovated in 2020 and formerly served as the Tree of Life Seeds Facility. The layout includes 9 private offices, a conference room, a kitchen, and an IT room. A vault is located on-site. The property also includes a 3,500-square-foot warehouse with grade-level loading and an outside storage area. The location offers close proximity to US Highway 70.
Key Highlights
- Completely renovated in 2020
- 3,500± SF warehouse with grade‑level loading
- 10,416± SF facility on 1.10± acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,252
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,265,040
$1.3M
Cap Rate 7%
$903,600
$903.6K
Cap Rate 9%
$702,800
$702.8K
Market Conditions
NOI Build-Up for 10,416 SF
Gross rent
$103.7K $9.96/SF
− Vacancy
−$6.4K −$0.62/SF
EGI
$97.3K $9.34/SF
− OpEx
−$34.1K −$3.27/SF
NOI
$63.3K $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 Rate 5%
$1,265,040
Cap Rate 7%
$903,600
Cap Rate 9%
$702,800
Alternative Uses
Best Use
Flex RnD
$903.6K
$790.7K – $1.05M
NOI $63,252 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$654.1K
$572.4K – $763.1K
NOI $45,788 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,080 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Renovated flex space with warehouse and outside storage.
Where is this flex space located?
The property is located at 710 Dixie St North Little Rock, AR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Completely renovated in 2020; 3,500± SF warehouse with grade‑level loading; 10,416± SF facility on 1.10± acres
