Office Building with Conference
For Sale
Under Contract
$399,900
2300 Main Street, North Little Rock, AR 72114
COMMERCIAL - North Little Rock, AR
Property Size3,465 SF
Lot Size0.78 Acres
Price / SF$115.41
Days on Market8
Property Features for 2300 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business
Parking
32
Security features
Security System
Interior features
Kitchen Area, Ceiling Fans, Video Surveillance, Security System
Subdivision
Wildberger
Lot features
Level
Directions
From JFK....head south.....follow till JFK changes to main Street.....across the street from North Little Rock High School Form JFK Highway exit: (off 1-30) turn left ....follow till you see Building /Sign
Standard status
Active Under Contract
Size
3,465 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
metes
Tax Annual Amount
5161
Legal Description
metes
Amenities
conference room
kitchen
bathrooms
Building Details
Year built
1984
Floors in Building
1
Flooring type
Tile, Wood
Architectural style
Other
Listing Agency:
Blair & Co. Realtors
(501) 654-4663
Listed By:
David Smith
(501) 551-1119
Added: Aug 6
Changed: Aug 12
Last Checked: Aug 13 at 2:06AM
MLS# 26032848
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,465-square-foot office building on a 0.78-acre parcel was constructed in 1984 and offers a practical multi-room layout. The interior includes five enclosed offices, a large open area for staff or customer use, and a dedicated conference room. A full kitchen with an island supports day-to-day operations, while separate men’s and women’s restrooms each provide two stalls.
Interior features include tile and wood flooring, ceiling fans, video surveillance, and a security system. The property is near highway access and several hotels. Office furniture and equipment are excluded from the sale.
Interior features include tile and wood flooring, ceiling fans, video surveillance, and a security system. The property is near highway access and several hotels. Office furniture and equipment are excluded from the sale.
Key Highlights
- 3,465 SF office building on 0.78 acres
- Five enclosed offices plus a large open work area
- Dedicated conference room for meetings and presentations
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
$28,979
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
7.25%
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%
$579,580
$579.6K
Cap Rate 7%
$413,986
$414.0K
Cap Rate 9%
$321,989
$322.0K
Market Conditions
NOI Build-Up for 3,465 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
$43.7K $12.60/SF
− Vacancy
−$5.0K −$1.45/SF
EGI
$38.6K $11.15/SF
− OpEx
−$9.7K −$2.79/SF
NOI
$29.0K $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%
$579,580
Cap Rate 7%
$413,986
Cap Rate 9%
$321,989
Alternative Uses
Best Use
Office B
$414.0K
$362.2K – $483.0K
NOI $28,979 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$661.0K
$578.3K – $771.1K
NOI $46,267 @ 7.0% cap · market cap 11.57%
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
3,555
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 - Flexible office layout includes private rooms, collaborative workspace, a conference room, kitchen, and separate restrooms.
Where is this office building located?
The property is located at 2300 Main Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3,465 SF office building on 0.78 acres; Five enclosed offices plus a large open work area; Dedicated conference room for meetings and presentations
