Office Building for
For Sale
$419,000
3125 John F Kennedy Boulevard, North Little Rock, AR 72116
Office building available for sale on John F Kennedy Boulevard in Pulaski County.
Property Size2,535 SF
Price / SF$165.29
Days on Market125
Property Features for 3125 John F Kennedy Boulevard
General Information
Standard status
Active
Size
2,535 SF
Total Parking Spaces
6
Taxes and HOA fees
Annual Taxes
$3,935
Amenities
Electric, Central Air
Central, Natural Gas
Paved
Building Details
Building Size
2,535 SF
Year Built
1944
Buildings
2
Stories
1
Listing Agency:
McKimmey Associates, Realtors
(501) 960-8507
Listed By:
Marilyn McKimmey
(501) 960-8507
Source:
Evrealestate
Added: Apr 9
Changed: Aug 8
Last Checked: Aug 11 at 7:56AM
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 McKimmey Associates, Realtors
Investment Insights
Based on property information with market context.
This for-sale office building is located at 3125 John F Kennedy Boulevard. The property is categorized as an office building and commercial real estate asset.
From John F Kennedy Boulevard, heading south, the property is positioned on the right side of the roadway. It is in Pulaski County.
If you are looking for a straightforward office building option along John F Kennedy Boulevard, this property is ready for review and consideration by qualified buyers and their representatives.
From John F Kennedy Boulevard, heading south, the property is positioned on the right side of the roadway. It is in Pulaski County.
If you are looking for a straightforward office building option along John F Kennedy Boulevard, this property is ready for review and consideration by qualified buyers and their representatives.
Key Highlights
- Office building for sale on John F Kennedy Boulevard in Pulaski County (Pulaski).
- Year built: 1944.
- Central air conditioning with electric system.
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
$21,201
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
5.06%
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%
$424,020
$424.0K
Cap Rate 7%
$302,871
$302.9K
Cap Rate 9%
$235,567
$235.6K
Market Conditions
NOI Build-Up for 2,535 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
$31.9K $12.60/SF
− Vacancy
−$3.7K −$1.45/SF
EGI
$28.3K $11.15/SF
− OpEx
−$7.1K −$2.79/SF
NOI
$21.2K $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 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%
$424,020
Cap Rate 7%
$302,871
Cap Rate 9%
$235,567
Alternative Uses
Best Use
Office B
$302.9K
$265.0K – $353.4K
NOI $21,201 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$483.6K
$423.1K – $564.2K
NOI $33,849 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
480
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 - Office building available for sale on John F Kennedy Boulevard in Pulaski County.
Where is this office building located?
The property is located at 3125 John F Kennedy Boulevard North Little Rock, AR.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Office building for sale on John F Kennedy Boulevard in Pulaski County (Pulaski).; Year built: 1944.; Central air conditioning with electric system.
