Multi-Tenant Flex
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For Sale
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3200 S Shackleford Rd, Little Rock, AR 72205
West Little Rock flex property with dock-high loading, recent building upgrades, and access to I-430.
Property Size48,000 SF
Price / SF$100
Days on Market4
Property Features for 3200 S Shackleford Rd
General Information
Standard status
Active
Size
48,000 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Compass - Commercial
(415) 660-9955
Listed By:
Jonathan Hanhan · License #01800203
(510) 375-7575
Source:
Moodyscre
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:24PM
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 Compass - Commercial
Investment Insights
Based on property information with market context.
Shackleford Business Center is a 48,000-square-foot flex property at 3200 S Shackleford Rd in Little Rock, Arkansas. The multi-tenant configuration includes dock-high loading doors serving each suite, supporting a range of commercial and warehouse functions.
The property is positioned in west Little Rock with access to I-430. Recent improvements include a roof replacement completed in December 2025, installation of security cameras during 2025, new stucco and gutters, and parking lot seal coating and striping. Historical occupancy has remained above 75%.
The property is positioned in west Little Rock with access to I-430. Recent improvements include a roof replacement completed in December 2025, installation of security cameras during 2025, new stucco and gutters, and parking lot seal coating and striping. Historical occupancy has remained above 75%.
Key Highlights
- 48,000‑square‑foot multi‑tenant flex property
- Each suite includes a dock‑high loading door
- Historical occupancy has remained above 75%
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
$364,456
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
7.59%
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%
$7,289,120
$7.3M
Cap Rate 7%
$5,206,514
$5.2M
Cap Rate 9%
$4,049,511
$4.0M
Market Conditions
NOI Build-Up for 48,000 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
$599.0K $12.48/SF
− Vacancy
−$38.3K −$0.80/SF
EGI
$560.7K $11.68/SF
− OpEx
−$196.2K −$4.09/SF
NOI
$364.5K $7.59/SF
Area
Little Rock, AR
Vacancy
6.40%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
35.00%
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%
$7,289,120
Cap Rate 7%
$5,206,514
Cap Rate 9%
$4,049,511
Alternative Uses
Best Use
Flex RnD
$5.21M
$4.56M – $6.07M
NOI $364,456 @ 7.0% cap · market cap 7.59%
Second Best
Warehouse
$3.13M
$2.74M – $3.65M
NOI $219,067 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$8.72M
$7.63M – $10.17M
NOI $610,380 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - West Little Rock flex property with dock-high loading, recent building upgrades, and access to I-430.
Where is this flex space located?
The property is located at 3200 S Shackleford Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 48,000‑square‑foot multi‑tenant flex property; Each suite includes a dock‑high loading door; Historical occupancy has remained above 75%
