Renovated Office
For Sale
$485,000
11600 Mara Lynn Road, Little Rock, AR 72211
Flexible layout includes private offices, meeting space, a kitchen, storage, and outdoor seating.
Property Size3,800 SF
Lot Size1.55 Acres
Price / SF$127.63
Days on Market1863
Property Features for 11600 Mara Lynn Road
General Information
Standard status
Active
Size
3,800 SF
Total Parking Spaces
24
Lot size
1.55 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
private offices
seating areas
receptionist desk
conference room
kitchen
storage
outdoor seating
Building Details
Building Size
3,800 SF
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
New Home Estates Realty
(918) 995-0563
Listed By:
Drew Files
(918) 995-0563
Source:
Jcthornton
Added: Jul 15, 2021
Changed: Aug 7
Last Checked: Aug 19 at 3:39PM
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 New Home Estates Realty
Investment Insights
Based on property information with market context.
Renovated office property at 11600 Mara Lynn Road in Little Rock, Arkansas, offering 3,800 square feet of workspace on a 1.55-acre site. The interior includes four private offices, three seating areas, a reception desk, conference room, kitchen, storage, and two bathrooms. Outdoor seating adds another functional area for the property.
The site provides a large parking area with 24 spaces and road frontage along Mara Lynn Road. Built in 1987, the building offers room for expansion within an established office configuration.
The site provides a large parking area with 24 spaces and road frontage along Mara Lynn Road. Built in 1987, the building offers room for expansion within an established office configuration.
Key Highlights
- 3,800‑square‑foot renovated office building on 1.55 acres
- Four private offices and three seating areas
- Conference room, reception desk, kitchen, and storage
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
$36,181
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
7.46%
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%
$723,620
$723.6K
Cap Rate 7%
$516,871
$516.9K
Cap Rate 9%
$402,011
$402.0K
Market Conditions
NOI Build-Up for 3,800 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
$54.3K $14.28/SF
− Vacancy
−$6.0K −$1.59/SF
EGI
$48.2K $12.69/SF
− OpEx
−$12.1K −$3.17/SF
NOI
$36.2K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
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%
$723,620
Cap Rate 7%
$516,871
Cap Rate 9%
$402,011
Alternative Uses
Best Use
Office B
$516.9K
$452.3K – $603.0K
NOI $36,181 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$690.3K
$604.0K – $805.4K
NOI $48,322 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
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?
Office building - Flexible layout includes private offices, meeting space, a kitchen, storage, and outdoor seating.
Where is this office building located?
The property is located at 11600 Mara Lynn Road Little Rock, AR.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: 3,800‑square‑foot renovated office building on 1.55 acres; Four private offices and three seating areas; Conference room, reception desk, kitchen, and storage
