Office and Warehouse Space
For Sale
$775,000
1924 Fendley Dr, North Little Rock, AR 72114
Two-story office/warehouse totaling 11,625 SF on 0.92 acres.
Property Size2,856 SF
Lot Size0.92 Acres
Price / SF$66.67
Days on Market194
Property Features for 1924 Fendley Dr
General Information
Standard status
Active
Size
2,856 SF
Class
C
Lot size
0.92 Acres
Property subtype
Office - Flex - Office
Building Details
Building Size
2,856 SF
Year Built
1982
Listing Agency:
Kelley Commercial Partners
Listed By:
Gary Smith · License #SA00051128
(501) 375-3200
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 25
Last Checked: Oct 4 at 7:05AM
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 property features approximately 8,796 square feet of office space and approximately 2,856 square feet of warehouse space. The two-story office/warehouse building has a total area of approximately 11,625 square feet and is situated on a lot of approximately 0.92 acres. The property is suitable for commercial real estate use.
Key Highlights
- ±11,625 SF Two‑Story Office/Warehouse
- Includes ±8,796 SF of Office Space
- Features ±2,856 SF Warehouse Space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,594
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,880
$1.4M
Cap Rate 7%
$1,008,486
$1.0M
Cap Rate 9%
$784,378
$784.4K
Market Conditions
NOI Build-Up for 11,625 SF
Gross rent
$115.8K $9.96/SF
− Vacancy
−$7.2K −$0.62/SF
EGI
$108.6K $9.34/SF
− OpEx
−$38.0K −$3.27/SF
NOI
$70.6K $6.07/SF
Area
Pulaski County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,411,880
Cap Rate 7%
$1,008,486
Cap Rate 9%
$784,378
Alternative Uses
Best Use
Flex RnD
$1.01M
$882.4K – $1.18M
NOI $70,594 @ 7.0% cap · market cap 9.11%
Second Best
Industrial
$730.0K
$638.8K – $851.7K
NOI $51,103 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,224 @ 7.0% cap · market cap 20.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Valley Innovative Services Inc — 2001 Allen St, North Little Rock, AR 72114
Frequently Asked Questions
What type of property is this?
Flex space - Two-story office/warehouse totaling 11,625 SF on 0.92 acres.
Where is this flex space located?
The property is located at 1924 Fendley Dr North Little Rock, AR.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: ±11,625 SF Two‑Story Office/Warehouse; Includes ±8,796 SF of Office Space; Features ±2,856 SF Warehouse Space
