Corner Lot Office/Flex
For Sale
$350,000
3920 Wall St, Little Rock, AR 72209
Functional office/flex layout includes a fenced yard and a roll-up door on a corner lot.
Property Size6,960 SF
Days on Market149
Property Features for 3920 Wall St
General Information
Standard status
Active
Size
6,960 SF
Class
C
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Building Details
Building Size
6,960 SF
Year Built
1974
Listing Agency:
Kelley Commercial Partners
(479) 443-8002
Listed By:
Jackson Moore · License #SA00081924
Source:
Commercialcafe
Added: Apr 1
Changed: Aug 22
Last Checked: Aug 26 at 5:43AM
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
Investment Insights
Based on property information with market context.
This corner lot office/flex property features a functional office and flex layout designed for a variety of users. The site includes a fenced yard and one roll-up door, supporting practical operations from the property.
Located in an established industrial area in Little Rock, the property offers strong connectivity to the I-30 and I-40 corridors, with centralized access within the city.
The property’s configuration combines dedicated office space with flexible space supported by yard access, positioned within a surrounding industrial tenant base.
Located in an established industrial area in Little Rock, the property offers strong connectivity to the I-30 and I-40 corridors, with centralized access within the city.
The property’s configuration combines dedicated office space with flexible space supported by yard access, positioned within a surrounding industrial tenant base.
Key Highlights
- Functional office/flex layout suitable for a variety of users
- Corner lot in an established industrial area in Little Rock
- Fenced yard with one roll‑up door
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
$26,159
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
7.47%
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%
$523,180
$523.2K
Cap Rate 7%
$373,700
$373.7K
Cap Rate 9%
$290,656
$290.7K
Market Conditions
NOI Build-Up for 6,960 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
$39.3K $5.64/SF
− Vacancy
−$1.9K −$0.27/SF
EGI
$37.4K $5.37/SF
− OpEx
−$11.2K −$1.61/SF
NOI
$26.2K $3.76/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /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%
$523,180
Cap Rate 7%
$373,700
Cap Rate 9%
$290,656
Alternative Uses
Best Use
Office B
$946.7K
$828.3K – $1.10M
NOI $66,267 @ 7.0% cap · market cap 18.93%
Second Best
Flex RnD
$754.9K
$660.6K – $880.8K
NOI $52,846 @ 7.0% cap · market cap 15.10%
Theoretical Best
Office A
$1.26M
$1.11M – $1.48M
NOI $88,505 @ 7.0% cap · market cap 25.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72209, AR
31,641
Population
13,863
Households
2.3
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
18.3 sq mi
ZIP Area
1,729
Density / Sq Mi
$40,267
Median Household Income
$32,681
Median Earnings
$982
Median Rent
$99,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Functional office/flex layout includes a fenced yard and a roll-up door on a corner lot.
Where is this flex space located?
The property is located at 3920 Wall St Little Rock, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Functional office/flex layout suitable for a variety of users; Corner lot in an established industrial area in Little Rock; Fenced yard with one roll‑up door
