Class A Office
2400 Crestwood Road North Little Rock, AR 72116
New
2400 Crestwood Road, North Little Rock, AR, 72116
Contact for pricing
For Sale
Contact for pricing
Class A office building with abundant parking and currently vacant space for lease-up in North Little Rock.
Property Size22,048 SF
Price / SF$95.02
Days on Market6
Property Features for 2400 Crestwood Road
General Information
- Standard status
- Active
- Size
- 22,048 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Colliers - Little Rock, Arkansas
(501) 372-6161
Listed by
Justin Bentley · License #AR SA00073436
Source
Crexi
Added: Jul 17 Updated: Jul 20 at 3:08AM Checked: Jul 21 at 9:34AM
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, Arkansas
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
Local Financial Insights For Office B
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 | $277.8k | $12.60 |
| − Vacancy | −$31.9k | −$1.45 |
| EGI | $245.9k | $11.15 |
| − OpEx | −$61.5k | −$2.79 |
| NOI | $184.4k | $8.36 |
22,048 SF · lease $12.60/SF/yr · vacancy 11.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$3.40M
$2.98M – $3.97M
NOI $238,330 @ 7.0% cap · market cap 11.38%
Second Best
Office B
$2.63M
$2.30M – $3.07M
NOI $184,393 @ 7.0% cap · market cap 8.80%
Theoretical Best
Specialty Retail
$4.21M
$3.68M – $4.91M
NOI $294,398 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Daniel C Heard,DDS|Central ...
Dental Office
Neurology of Arkansas
Medical Clinic
NCCI
Insurance Agency
Student Loan Guarantee
Loan Service
Foot & Ankle Associates ...
Medical Clinic
Similar For Sale Nearby
FAQs
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 Road North Little Rock, AR.
What is the asking price?
The asking price for this property is $2,095,000.
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
