Class A Office
2400 Crestwood Rd, North Little Rock, AR 72116
For Sale
Contact for pricing
Class A office building with quality construction and approximately 37% vacancy for potential lease-up.
Property Size22,048 SF
Price / SF$95.02
Days on Market121
Property Features for 2400 Crestwood Rd
General Information
Standard status
Size
Class
Property subtype
Occupancy
Additional Details
Road Access
Amenities
on-site banking
Building Details
Year Built
Buildings
Listing Agency:
Colliers - Little Rock
(501) 372-6161
Listed By:
Justin Bentley, CCIM, SIOR · License AR SA00073436
(501) 519-7174
Source:
Moodyscre
Added: Jul 17
Changed: Oct 26
Last Checked: Nov 12 at 10:04AM
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
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Investment Insights
Based on property information with market context.
This Class A office building offers a professional image with quality construction completed in 2002. The property totals 22,048 square feet and includes in-place income, with approximately 37% vacancy creating leasing flexibility for a buyer looking to improve occupancy over time.
The building is located with excellent visibility and access just off McCain Blvd and North Hills Blvd in one of North Little Rock’s most established office submarkets. Surrounding uses include strong residential demographics, retail amenities, and established medical and professional office users.
On-site amenities include banking and ample parking, supporting everyday convenience for tenants and visitors.
The building is located with excellent visibility and access just off McCain Blvd and North Hills Blvd in one of North Little Rock’s most established office submarkets. Surrounding uses include strong residential demographics, retail amenities, and established medical and professional office users.
On-site amenities include banking and ample parking, supporting everyday convenience for tenants and visitors.
Key Highlights
- 22,048 SF Class A office building with quality construction completed in 2002
- Approximately 37% vacancy with existing in‑place income
- Excellent visibility and access just off McCain Blvd and North Hills Blvd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,393
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,687,860
$3.7M
Cap Rate 7%
$2,634,186
$2.6M
Cap Rate 9%
$2,048,811
$2.0M
Market Conditions
NOI Build-Up for 22,048 SF
Gross rent
$277.8K $12.60/SF
− Vacancy
−$31.9K −$1.45/SF
EGI
$245.9K $11.15/SF
− OpEx
−$61.5K −$2.79/SF
NOI
$184.4K $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%
$3,687,860
Cap Rate 7%
$2,634,186
Cap Rate 9%
$2,048,811
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $184,393 @ 7.0% cap · market cap 8.80%
Second Best
—
—
no second resolved use
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
63%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
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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
$218,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Pulaski County, AR
Properties on Market for Office buildings in Pulaski County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building with quality construction and approximately 37% vacancy for potential lease-up.
Where is this office building located?
The property is located at 2400 Crestwood Rd 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: 22,048 SF Class A office building with quality construction completed in 2002; Approximately 37% vacancy with existing in‑place income; Excellent visibility and access just off McCain Blvd and North Hills Blvd
