Flex Space With Overhead
For Sale
$399,000
3224 Mabelvale Pike, Little Rock, AR 72204
Commercial / Industrial, Traditional, Little Rock, AR
Property Size4,600 SF
Lot Size0.43 Acres
Price / SF$86.74
Days on Market96
Property Features for 3224 Mabelvale Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use Commercial
Parking
10
Lot features
Level
Directions
I-630 to Fair Park Blvd exit, stay on Fair Park Blvd and cross Asher Ave. Building on the right.
Subdivision
Little Rock
Standard status
Active
Size
4,600 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Description
Lot 10, Block 1
Tax Annual Amount
2195
Legal Description
Lot 10, Block 1
Amenities
private offices
warehouse/work area
oversized overhead door
Building Details
Year built
1960
Floors in Building
1
Flooring type
Vinyl, Concrete
Architectural style
Other
Listing Agency:
LPT Realty · RE/MAX International
(501) 291-3841
Listed By:
Kelly Wei
(501) 860-8306
Added: Aug 3
Changed: Nov 2
Last Checked: Nov 6 at 8:06AM
MLS# 26031506
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.
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Investment Insights
Based on property information with market context.
This 4,600-square-foot flex property, built in 1960, combines two private offices with a broad warehouse and work area. An oversized overhead door supports loading and unloading, while concrete and vinyl flooring are installed throughout the building. The configuration is suited to commercial, industrial, automotive, warehouse, or contractor operations, subject to buyer verification of permitted uses.
The property occupies 0.43 acres with frontage on Mabelvale Pike in Little Rock. It is adjacent to 5401 Asher Ave, and the two properties may be acquired together as a package for a larger assembled commercial site.
The property occupies 0.43 acres with frontage on Mabelvale Pike in Little Rock. It is adjacent to 5401 Asher Ave, and the two properties may be acquired together as a package for a larger assembled commercial site.
Key Highlights
- 4,600‑square‑foot flex property on 0.43 acres
- Two private offices plus a large open warehouse/work area
- Oversized overhead door for loading and unloading
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
Retail
$736.8K
$644.7K – $859.6K
NOI $51,577 @ 7.0% cap · market cap 12.93%
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
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 Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two private offices and an open warehouse/work area create a flexible commercial layout.
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.
What are key features of this property?
This property features: 4,600‑square‑foot flex property on 0.43 acres; Two private offices plus a large open warehouse/work area; Oversized overhead door for loading and unloading
