Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    High Visibility Corner Commercial Property Title is generated by Realmo AI

    2510 Percy Machin Drive, North Little Rock, AR 72114

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $518,613

    Well-maintained office building with high traffic and visibility.

    Type:OFC
    Added:
    May 26, 2023
    Days on Market:
    1094
    Last Refresh:
    Apr 3 at 5:02 am

    Property Features for 2510 Percy Machin Drive

    General Information

    Standard status
    Active
    Property subtype
    OFC

    Building Details

    Year Built
    1969

    We can help!

    Listing Contact
    Johnny Mitchum
    Johnny Mitchum

    Listing agent Johnny Mitchum License #EB00043654, Arkansas

    Listing office Keller Williams Realty Little Rock Arkansas

    Listing date May 26, 2023

    Source Realnex

    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 Keller Williams Realty Little Rock Arkansas

    HighLights

    • High traffic, high visibility corner location with frontage on three streets.
    • Versatile office spaces suitable for any office use scenario.
    • Includes a conference room, kitchen/breakroom, and event hall/ballroom.
    • Features a welcoming reception/waiting area and four restrooms.
    • Charming library with floor‑to‑ceiling built‑in shelving and French doors.
    • Surrounded by professional service providers, office buildings, retail, and residential areas.

    Overview

    This high traffic, high visibility corner commercial property features a beautifully maintained office building and frontage on three streets. Currently in use as a law office, this building has a welcoming reception/waiting area, several versatile office spaces, four restrooms, a conference room, a kitchen/breakroom, and a lovely event hall/ballroom. The charming library has floor to ceiling built-in shelving and French doors. Surrounded by professional service providers, other office buildings, retail establishments, and residential areas, this building is perfect for any office use scenario.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sheila F. Campbell ... Law Firm Cadena Contracting Construction Company

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.274246
    Latitude
    34.778546

    Nearby Similar for Sale

    • $995,000
      8,328 SF

      Turnkey Event Center and Venue

      Historic property ideal for events, B&B, or office space.
      2005 N Main Street, North Little Rock, AR 72116
      View Details
    • $499,900
      4,468 SF

      North Little Rock Multi-Family Property

      Multi-family property in North Little Rock, Arkansas.
      10800 Frenchmen Loop, North Little Rock, AR 72113-7163
      View Details
    • $530,000
      12,200 SF

      North Little Rock Commercial Property

      High-visibility corner lot with strong income potential.
      3621 Camp Robinson Rd, North Little Rock, AR 72118
      View Details
    • $210,000
      2,610 SF

      Updated Duplexes in Developing Area

      Two updated duplexes, great investment opportunity near downtown Little Rock.
      2804 Lincoln Avenue, North Little Rock, AR 72114
      View Details
    • $100,000
      1,904 SF

      Updated Duplex in North Little Rock

      Recently updated duplex with rental income potential in convenient location.
      4511 & 4513 Atkins Street, North Little Rock, AR 72117
      View Details
    • $250,000
      2,154 SF

      North Little Rock Restaurant Opportunity

      Fully built-out restaurant suitable for various concepts with ample parking.
      4707 E Broadway Street, North Little Rock, AR 72117
      View Details
    • $279,900
      4,000 SF

      North Little Rock Trailer Park

      Small trailer park with house and mobile homes.
      6604-6615 Fitts Road, North Little Rock, AR 72118
      View Details
    • $254,900
      3,211 SF

      North Little Rock Fourplex Investment

      Charming 1940s fourplex with income potential on corner lot.
      110 & 112 W 15th Street, North Little Rock, AR 72114
      View Details
    • $138,500
      1,035 SF

      North Little Rock Duplex Opportunity

      Duplex with tenant and vacant unit, great investment opportunity.
      421 Sierra Madre Drive, North Little Rock, AR 72118
      View Details
    • $175,000
      2,025 SF

      North Little Rock Multifamily Investment

      Three units, rehabbed, investment opportunity in North Little Rock.
      303-305 Short Street, North Little Rock, AR 72117
      View Details
    • $350,000
      24,807 SF

      North Little Rock Hotel Opportunity

      52-unit hotel in a high-demand North Little Rock location.
      5711 Pritchard Drive, North Little Rock, AR 72117-3443
      View Details
    • $179,900
      2,586 SF

      Versatile Multifamily Investment Opportunity

      Duplex and single-family home offer income potential.
      4815-4821 School St, North Little Rock, AR 72117
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building with high traffic and visibility.
    Where is this office building located?
    The property is located at 2510 Percy Machin Drive North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $518,613.
    What are key features of this property?
    This property features: High traffic, high visibility corner location with frontage on three streets.; Versatile office spaces suitable for any office use scenario.; Includes a conference room, kitchen/breakroom, and event hall/ballroom.
    (501) 940-3231
    We can help!
    Listing Contact
    Johnny Mitchum
    Johnny Mitchum
    Real Estate License ID: EB00043654, Arkansas
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2510 Percy Machin Drive, North Little Rock, AR 72114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!