Remodeled Single-Story Office
New
For Sale
Contact for pricing
3115 John F Kennedy Blvd, North Little Rock, AR 72116
Move-in-ready workspace with private offices, treatment rooms, and modern interior finishes.
Property Size3,300 SF
Lot Size0.39 Acres
Price / SF$121.18
Days on Market6
Property Features for 3115 John F Kennedy Blvd
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
18
Lot size
0.39 Acres
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
3,300 SF
Listing Agency:
Kensington | Midwest
(630) 402-6065
Listed By:
Stacy Higdon
(630) 402-6062
Source:
Moodyscre
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 19 at 6:23AM
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 Kensington | Midwest
Investment Insights
Based on property information with market context.
This 3,300 SF single-story office building has been completely remodeled and is presented in move-in-ready condition. The interior includes a reception area, multiple private offices, and treatment or service rooms, along with polished concrete floors, updated fixtures, and fresh paint.
Set on a 0.39-acre lot containing 16,814 SF, the property provides 18 surface parking spaces, with covered spaces also available. The building is zoned Commercial and is located at 3115 John F Kennedy Blvd in North Little Rock, with frontage along the boulevard providing a high-visibility setting.
Set on a 0.39-acre lot containing 16,814 SF, the property provides 18 surface parking spaces, with covered spaces also available. The building is zoned Commercial and is located at 3115 John F Kennedy Blvd in North Little Rock, with frontage along the boulevard providing a high-visibility setting.
Key Highlights
- 3,300 SF office building on a 0.39‑acre lot
- Completely remodeled with polished concrete floors, updated fixtures, and fresh paint
- Single‑story layout with reception, private offices, and treatment/service rooms
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
Lease Details
Yes
Paved road access
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
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Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready workspace with private offices, treatment rooms, and modern interior finishes.
Where is this office building located?
The property is located at 3115 John F Kennedy Blvd 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 SF office building on a 0.39‑acre lot; Completely remodeled with polished concrete floors, updated fixtures, and fresh paint; Single‑story layout with reception, private offices, and treatment/service rooms
