Warehouse with
For Sale
$499,000
419 E 13th Street, North Little Rock, AR 72114
The property includes several outbuildings and an advertising billboard under lease.
Property Size4,100 SF
Lot Size1.02 Acres
Price / SF$121.71
Days on Market2197
Property Features for 419 E 13th Street
General Information
Standard status
Active
Size
4,100 SF
Lot size
1.02 Acres
Property subtype
Building and Land
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,583
Building Details
Building Size
4,100 SF
Year Built
1942
Listing Agency:
Marshall Peters & Associates
Listed By:
Chris McCants · License #SA00086115
(501) 553-6224
Source:
Carmensellshomesinarkansas
Added: Oct 30, 2020
Changed: Nov 2
Last Checked: Nov 4 at 6:22AM
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 Marshall Peters & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes a large hoist and several outbuildings. The main site comprises approximately 0.86 acres, with an additional 0.16-acre parcel across E 13th Street. The building dates to 1942.
An advertising billboard on the property is leased to Lamar. The site is adjacent to I-30 and visible from the interstate.
An advertising billboard on the property is leased to Lamar. The site is adjacent to I-30 and visible from the interstate.
Key Highlights
- Approximately 0.86 acres, plus an included 0.16‑acre lot across E 13th Street
- Large hoist and several outbuildings
- Leased billboard on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,885
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,700
$437.7K
Cap Rate 7%
$312,643
$312.6K
Cap Rate 9%
$243,167
$243.2K
Market Conditions
NOI Build-Up for 4,100 SF
Gross rent
$27.1K $6.60/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$25.7K $6.28/SF
− OpEx
−$3.9K −$0.94/SF
NOI
$21.9K $5.34/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,700
Cap Rate 7%
$312,643
Cap Rate 9%
$243,167
Alternative Uses
Best Use
Warehouse
$312.6K
$273.6K – $364.8K
NOI $21,885 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$782.1K
$684.3K – $912.4K
NOI $54,746 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Allied Van Lines — 1001 N Magnolia St building a, North Little Rock, AR 72114
- Salvation Army-NLR - Food Distribution Center — 1505 W 18th St, North Little Rock, AR 72114
- NLR Mini Storage — 1705 Moss St, North Little Rock, AR 72114
- Rock-Storage.com — 1705 Moss St, North Little Rock, AR 72114
Frequently Asked Questions
What type of property is this?
Warehouse - The property includes several outbuildings and an advertising billboard under lease.
Where is this warehouse located?
The property is located at 419 E 13th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 0.86 acres, plus an included 0.16‑acre lot across E 13th Street; Large hoist and several outbuildings; Leased billboard on the property
