Class A Office
For Sale
Contact for pricing
2400 Crestwood Rd, North Little Rock, AR 72116
Class A office building with abundant parking and currently vacant space for lease-up in North Little Rock.
Property Size4,334 SF
Price / SF$0.19
Days on Market106
Property Features for 2400 Crestwood Rd
General Information
Standard status
Active
Size
4,334 SF
Class
A
Property subtype
Office
Listing Agency:
Little Rock
Listed By:
Justin Bentley · License #SA00073436
(501) 519-7174
Source:
Colliers
Added: Jul 19
Changed: Oct 25
Last Checked: Nov 1 at 2:23AM
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 Little Rock
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
2400 Crestwood Road is a well-maintained Class A office building offering an efficient floor plan and professional finishes. The property includes a combination of in-place tenancy and currently vacant space, creating an opportunity for lease-up. Parking is plentiful, supporting everyday access for staff and visitors.
Located at 2400 Crestwood Road in North Little Rock, AR 72116, the building is positioned in the established Lakewood business district and described as highly accessible. The offering is presented as suitable for a range of office users, including medical, financial, engineering, legal, government, and professional service firms.
For buyers seeking a fully formed office asset with the ability to address near-term space occupancy needs through lease-up, 2400 Crestwood presents a straightforward platform in North Little Rock’s office market.
Located at 2400 Crestwood Road in North Little Rock, AR 72116, the building is positioned in the established Lakewood business district and described as highly accessible. The offering is presented as suitable for a range of office users, including medical, financial, engineering, legal, government, and professional service firms.
For buyers seeking a fully formed office asset with the ability to address near-term space occupancy needs through lease-up, 2400 Crestwood presents a straightforward platform in North Little Rock’s office market.
Key Highlights
- Class A office building built in 2002
- 22,048 SF office building in North Little Rock’s Lakewood business district
- Currently has vacant space available for lease‑up
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,246
Suggested Prices Based on Cap Rates
Cap Rate 5%
$724,920
$724.9K
Cap Rate 7%
$517,800
$517.8K
Cap Rate 9%
$402,733
$402.7K
Market Conditions
NOI Build-Up for 4,334 SF
Gross rent
$54.6K $12.60/SF
− Vacancy
−$6.3K −$1.45/SF
EGI
$48.3K $11.15/SF
− OpEx
−$12.1K −$2.79/SF
NOI
$36.2K $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 Rate 5%
$724,920
Cap Rate 7%
$517,800
Cap Rate 9%
$402,733
Alternative Uses
Best Use
Office B
$517.8K
$453.1K – $604.1K
NOI $36,246 @ 7.0% cap · market cap 4,452.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$826.7K
$723.4K – $964.5K
NOI $57,870 @ 7.0% cap · market cap 7,109.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building with abundant parking and currently vacant space for lease-up in North Little Rock.
Where is this office building located?
The property is located at 2400 Crestwood Rd North Little Rock, AR.
What are key features of this property?
This property features: Class A office building built in 2002; 22,048 SF office building in North Little Rock’s Lakewood business district; Currently has vacant space available for lease‑up
