Mixed-Use Property with Commercial
For Sale
$330,000
1715 Main St, North Little Rock, AR 72114
A detached warehouse and overhead-door access add separate storage space to the property.
Property Size3,400 SF
Price / SF$97.06
Days on Market14
Property Features for 1715 Main St
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Building and Land
Zoning
Commercial
Additional Details
Property Use
Event Venue
Taxes and HOA fees
Annual Taxes
$1,874
Building Details
Building Size
3,400 SF
Year Built
1960
Buildings
2
Listing Agency:
IRealty Arkansas - Sherwood
Listed By:
Angel Monroe
(501) 766-5328
Source:
Carmensellshomesinarkansas
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 12:08PM
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 IRealty Arkansas - Sherwood
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Investment Insights
Based on property information with market context.
Built in 1960, the property pairs a Craftsman-style main building with a detached garage/warehouse. The main building has several gathering areas, French doors, hardwood flooring, custom trim, built-in cabinetry and a brick fireplace. Its commercial kitchen configuration includes dedicated preparation and wash areas, with kitchen and washroom equipment included in the sale. Event décor and furniture may be negotiated separately. Both structures have newer roofs.
The detached structure has an overhead door and provides additional space for equipment, inventory or operations. The property has commercial zoning, and permitted uses should be verified. The reported daily traffic count is 10,000 or more.
The detached structure has an overhead door and provides additional space for equipment, inventory or operations. The property has commercial zoning, and permitted uses should be verified. The reported daily traffic count is 10,000 or more.
Key Highlights
- Commercial kitchen with dedicated prep and wash areas; kitchen and washroom equipment conveys
- Detached garage/warehouse with overhead door access
- Both structures have newer roofs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,149
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,980
$363.0K
Cap Rate 7%
$259,271
$259.3K
Cap Rate 9%
$201,656
$201.7K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$22.4K $6.60/SF
− Vacancy
−$1.1K −$0.32/SF
EGI
$21.4K $6.28/SF
− OpEx
−$3.2K −$0.94/SF
NOI
$18.1K $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%
$362,980
Cap Rate 7%
$259,271
Cap Rate 9%
$201,656
Alternative Uses
Best Use
Specialty Retail
$648.6K
$567.5K – $756.7K
NOI $45,399 @ 7.0% cap · market cap 13.76%
Second Best
Mixed Use
$452.4K
$395.9K – $527.9K
NOI $31,671 @ 7.0% cap · market cap 9.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
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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View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A detached warehouse and overhead-door access add separate storage space to the property.
Where is this mixed-use property located?
The property is located at 1715 Main St North Little Rock, AR.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Commercial kitchen with dedicated prep and wash areas; kitchen and washroom equipment conveys; Detached garage/warehouse with overhead door access; Both structures have newer roofs
