Renovated Office
For Sale
Contact for pricing
201 E Broadway St, North Little Rock, AR 72114
Office property with collaborative areas, dedicated parking, and convenient Interstate 30 access.
Property Size17,458 SF
Lot Size0.89 Acres
Price / SF$123.15
Days on Market216
Property Features for 201 E Broadway St
General Information
Standard status
Active
Size
17,458 SF
Lot size
0.89 Acres
Property subtype
OFFICE
Zoning
C-6
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2015
Building Size
17,458 SF
Listing Agency:
Colliers - Little Rock
(501) 372-6161
Listed By:
Justin Bentley, CCIM, SIOR
(501) 519-7174
Source:
Moodyscre
Added: Jan 29
Changed: Aug 30
Last Checked: Aug 30 at 4:20PM
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.
Renovated in 2015, this C-6-zoned office property occupies 0.89 acres and provides 17,458 SF of total floor area. An additional 3,990 SF mezzanine expands the layout with office and collaborative space, supporting a range of professional workplace configurations. Dedicated on-site parking is supplemented by street parking.
The property is positioned along Broadway Street with access to Interstate 30. Traffic counts are approximately 13,300 vehicles per day on Broadway Street and approximately 57,500 vehicles per day on I-30. An EDA grant assumption may be available to a public entity, subject to EDA approval and applicable regulations.
The property is positioned along Broadway Street with access to Interstate 30. Traffic counts are approximately 13,300 vehicles per day on Broadway Street and approximately 57,500 vehicles per day on I-30. An EDA grant assumption may be available to a public entity, subject to EDA approval and applicable regulations.
Key Highlights
- 17,458 SF office property on 0.89 acres
- Additional 3,990 SF mezzanine with office and collaborative space
- Renovated in 2015
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
$146,006
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
6.79%
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%
$2,920,120
$2.9M
Cap Rate 7%
$2,085,800
$2.1M
Cap Rate 9%
$1,622,289
$1.6M
Market Conditions
NOI Build-Up for 17,458 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
$220.0K $12.60/SF
− Vacancy
−$25.3K −$1.45/SF
EGI
$194.7K $11.15/SF
− OpEx
−$48.7K −$2.79/SF
NOI
$146.0K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
Lease Rate
$12.60 /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%
$2,920,120
Cap Rate 7%
$2,085,800
Cap Rate 9%
$1,622,289
Alternative Uses
Best Use
Office B
$2.09M
$1.83M – $2.43M
NOI $146,006 @ 7.0% cap · market cap 6.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.33M
$2.91M – $3.89M
NOI $233,109 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
982
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
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 - Office property with collaborative areas, dedicated parking, and convenient Interstate 30 access.
Where is this office building located?
The property is located at 201 E Broadway St North Little Rock, AR.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 17,458 SF office property on 0.89 acres; Additional 3,990 SF mezzanine with office and collaborative space; Renovated in 2015
