River Market Office with
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200 River Market Ave, Little Rock, AR
3,272 SF office space in the River Market.
Property Size3,272 SF
Lot Size0.07 Acres
Price / SF$241.44
Days on Market468
Property Features for 200 River Market Ave
General Information
Standard status
Active
Size
3,272 SF
Lot size
0.07 Acres
Property subtype
OFFICE
Lease Type
NNN
Properties For Sale
at 200 River Market Ave Contact us- Floor
- 6
- Size
- 3,272 SF
- Type
- OFFICE
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
200 River Market Ave
• Available space: 3,272 square feet
• High ceilings
• Six private executive...
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Listing Agency:
Colliers - Little Rock
(501) 978-6503
Listed By:
Graham Gordon · License #SA00058737
(501) 978-6503
Source:
Moodyscre
Added: May 13, 2025
Changed: Aug 8
Last Checked: Aug 23 at 11:57AM
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 Colliers - Little Rock
Investment Insights
Based on property information with market context.
This 3,272 square-foot office space is located in the heart of the River Market, within walking distance of numerous restaurants and retailers. The space features high ceilings, six private executive offices, four cube stations, a waiting/reception area, and a kitchen. It also includes two private bathrooms, one of which has a shower. A large conference room is equipped with A/V equipment. The property offers controlled/secure access. All furniture is included. Street parking and secure deck parking are available.
Key Highlights
- Prime River Market location: Walking distance to restaurants and retailers.
- Fully furnished 3,272 sq ft space with 6 private offices, cube stations, and reception area.
- Large conference room with A/V equipment.**
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
$31,153
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
3.94%
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%
$623,060
$623.1K
Cap Rate 7%
$445,043
$445.0K
Cap Rate 9%
$346,144
$346.1K
Market Conditions
NOI Build-Up for 3,272 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
$46.7K $14.28/SF
− Vacancy
−$5.2K −$1.59/SF
EGI
$41.5K $12.69/SF
− OpEx
−$10.4K −$3.17/SF
NOI
$31.2K $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%
$623,060
Cap Rate 7%
$445,043
Cap Rate 9%
$346,144
Alternative Uses
Best Use
Office B
$445.0K
$389.4K – $519.2K
NOI $31,153 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,608 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
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 units - 3,272 SF office space in the River Market.
Where is this office units located?
The property is located at 200 River Market Ave Little Rock, AR.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: Prime River Market location: Walking distance to restaurants and retailers.; Fully furnished 3,272 sq ft space with 6 private offices, cube stations, and reception area.; Large conference room with A/V equipment.**
