Industrial Flex
2323 E Broadway St North Little Rock, AR 72114
2323 E Broadway St, North Little Rock, AR, 72114
$572,000
For Sale
$572,000
Industrial flex building being renovated, featuring office space, lobby, kitchen, conference room, and a warehouse with two bay doors.
Property Size6,720 SF
Price / SF$85.12
Days on Market76
Property Features for 2323 E Broadway St
General Information
- Standard status
- Active
- Size
- 6,720 SF
Listing agency
CENTURY 21 Prestige Realty
(501) 416-2216
Listed by
Jiselen Robinson
(501) 416-2216
Source
Exprealty
Added: May 7 Updated: Jul 21 at 4:47AM Checked: Jul 21 at 4:47AM
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 CENTURY 21 Prestige Realty
Investment Insights
Based on property information with market context.
This industrial flex building is currently being renovated and includes approximately 1,700 square feet of lobby, offices, a kitchen, a conference room, and two bathrooms. The remaining portion is a 5,000-square-foot warehouse configured with two bay doors.
The property is offered for sale. The commercial space is located at 2323 E Broadway St in North Little Rock, Arkansas.
The property is offered for sale. The commercial space is located at 2323 E Broadway St in North Little Rock, Arkansas.
Key Highlights
- Currently being renovated 6,720 SF industrial flex building
- Includes 1,700 SF with lobby, offices, kitchen, conference room, and 2 baths
- Backed by a 5,000 SF warehouse space
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $9.96 |
| − Vacancy | −$4.1k | −$0.62 |
| EGI | $62.8k | $9.34 |
| − OpEx | −$22.0k | −$3.27 |
| NOI | $40.8k | $6.07 |
6,720 SF · lease $9.96/SF/yr · vacancy 6.20% · expense 35.00%
Alternative Uses
Best Use
Office B
$802.9K
$702.5K – $936.7K
NOI $56,201 @ 7.0% cap · market cap 9.83%
Second Best
Flex RnD
$583.0K
$510.1K – $680.1K
NOI $40,808 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,729 @ 7.0% cap · market cap 15.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
New Lease Discount ...
Discount Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex building being renovated, featuring office space, lobby, kitchen, conference room, and a warehouse with two bay doors.
Where is this flex space located?
The property is located at 2323 E Broadway St North Little Rock, AR.
What is the asking price?
The asking price for this property is $572,000.
What are key features of this property?
This property features: Currently being renovated 6,720 SF industrial flex building; Includes 1,700 SF with lobby, offices, kitchen, conference room, and 2 baths; Backed by a 5,000 SF warehouse space
