Remodeled Office
New
For Sale
$399,900
3115 JFK Boulevard, North Little Rock, AR 72116
Commercial / Industrial, Traditional, North Little Rock, AR
Property Size3,300 SF
Price / SF$121.18
Days on Market7
Property Features for 3115 JFK Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
18
Interior features
Window Treatments, Kitchen Area
Subdivision
Kennedy-Barton-Leonard
Lot features
Level
Directions
Heading north on JFK- Property is on the left.
Standard status
Active
Size
3,300 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 2 Block 0
Tax Annual Amount
4678
Legal Description
Lot 2 Block 0
Amenities
laundry room with washer/dryer
Building Details
Year built
1977
Floors in Building
1
Flooring type
Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
Hathaway Group
(501) 978-4975
Listed By:
Stacy Hamilton
(501) 786-0024
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 20 at 10:06AM
MLS# 26037445
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 remodeled office building at 3115 JFK Boulevard provides 3,300 square feet of commercial space with a practical mix of work and service areas. The interior includes a reception area, multiple private offices, treatment or service rooms, a kitchen area, and a laundry room equipped with a washer and dryer. Concrete flooring and window treatments are also included.
Constructed in 1977, the property features a shingle roof and updated interior finishes. Its existing layout supports office, studio, wellness, or service-oriented operations without requiring a major reconfiguration of the primary spaces.
Constructed in 1977, the property features a shingle roof and updated interior finishes. Its existing layout supports office, studio, wellness, or service-oriented operations without requiring a major reconfiguration of the primary spaces.
Key Highlights
- 3,300 square feet of office space
- Remodeled interior with concrete flooring
- Reception area and multiple private offices
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
$27,599
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
6.90%
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%
$551,980
$552.0K
Cap Rate 7%
$394,271
$394.3K
Cap Rate 9%
$306,656
$306.7K
Market Conditions
NOI Build-Up for 3,300 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
$41.6K $12.60/SF
− Vacancy
−$4.8K −$1.45/SF
EGI
$36.8K $11.15/SF
− OpEx
−$9.2K −$2.79/SF
NOI
$27.6K $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%
$551,980
Cap Rate 7%
$394,271
Cap Rate 9%
$306,656
Alternative Uses
Best Use
Office B
$394.3K
$345.0K – $460.0K
NOI $27,599 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
477
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Configured with reception, private offices, service rooms, and dedicated laundry facilities.
Where is this office building located?
The property is located at 3115 JFK Boulevard 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: 3,300 square feet of office space; Remodeled interior with concrete flooring; Reception area and multiple private offices
