For Sale
$399,000
3224 Mabelvale Pike, Little Rock, AR 72204
Open warehouse/shop space is complemented by two private offices and parking for vehicles or equipment.
Property Size4,600 SF
Price / SF$86.74
Days on Market80
Property Features for 3224 Mabelvale Pike
General Information
Standard status
Active
Property type
Flex space, Industrial properties, Warehouses, Office Units, Office Spaces, Other warehouses, Commercial real estate
Size
4,600 SF
Listed By:
Kelly Wei
(501) 860-8306
Added: Aug 8
Changed: Sep 9
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,927
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,540
$698.5K
Cap Rate 7%
$498,957
$499.0K
Cap Rate 9%
$388,078
$388.1K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$57.4K $12.48/SF
− Vacancy
−$3.7K −$0.80/SF
EGI
$53.7K $11.68/SF
− OpEx
−$18.8K −$4.09/SF
NOI
$34.9K $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 Rate 5%
$698,540
Cap Rate 7%
$498,957
Cap Rate 9%
$388,078
Alternative Uses
Best Use
Office B
$625.7K
$547.5K – $730.0K
NOI $43,797 @ 7.0% cap · market cap 10.98%
Second Best
Flex RnD
$499.0K
$436.6K – $582.1K
NOI $34,927 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$835.6K
$731.2K – $974.9K
NOI $58,495 @ 7.0% cap · market cap 14.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Open warehouse/shop space is complemented by two private offices and parking for vehicles or equipment.
Where is this flex space located?
The property is located at 3224 Mabelvale Pike Little Rock, AR.
What is the asking price?
The asking price for this property is $399,000.
