Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    North Little Rock Office Space Title is generated by Realmo AI

    324 Pershing Blvd, North Little Rock, AR 72114

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space in a convenient North Little Rock location.

    Type:Office
    Added:
    Sep 18, 2019
    Days on Market:
    2454
    Last Refresh:
    May 19 at 9:00 pm

    Property Features for 324 Pershing Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 324 Pershing Blvd Contact us

    We can help!

    Listing Contact
    Kyle Patton

    Listing agent Kyle Patton License #AR

    Listing office RPM Group

    Listing date Sep 18, 2019

    Source Crexi

    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 RPM Group

    HighLights

    • Highly visible corner lot in the heart of the North Little Rock Business District.
    • Easy access to I‑40 and I‑30.
    • Ample on‑site parking.
    • Conveniently located near the post office.
    • Conveniently located near the NLR Police Department.
    • Ideal for businesses seeking a professional & accessible space.

    Overview

    Located in the heart of the North Little Rock Business District, this property is situated on a highly visible corner lot. It offers convenient access to I-40 and I-30. The location is near the post office and the North Little Rock Police Department. Ample on-site parking is available. This space is suitable for businesses seeking a professional and accessible location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Aeanea Regional Office Charitable Organization Hope Career Staffing Employment Agency Bridges Youth Ops Vocational School Little Rock Asphalt ... General Contractor Elevated Studios Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.271358
    Latitude
    34.778868

    Nearby Similar for Lease

    • $13 SF/Yr
      2,575 SF

      Professional Office Space Available

      Move-in ready office space with private offices and ample parking.
      7301-7311 River Pointe Drive, North Little Rock, AR
      View Details
    • $5 SF/Yr
      44,864 SF

      Industrial Building on 2.22 Acres

      44,864 SF industrial building for sale or lease.
      4500 Rixie Road, North Little Rock, AR 72117
      View Details
    • $1,600/Mo
      4,084 SF

      North Little Rock Office Space

      Office suite with views, amenities, and highway access.
      4801 N Hills Blvd , North Little Rock, AR
      View Details
    • $12 SF/Yr
      1,100 SF

      Office Space with Client-Facing Potential

      1,100 SF office space ideal for client-facing businesses.
      9827 Maumelle Blvd, North Little Rock, AR
      View Details
    • Contact for pricing
      9,500 SF

      Main Street Retail Space Available

      Prime retail space in Argenta Arts District with high visibility.
      321 Main St, North Little Rock, AR 72114
      View Details
    • $22 SF/Yr
      1,900 SF

      Retail Space Near Walmart

      End-cap retail space located at Walmart Supercenter entrance.
      4530-4546 E McCain Blvd, North Little Rock, AR
      View Details
    • Contact for pricing
      8,400 SF

      Freestanding Commercial Property in North Little Rock

      8,400 SF property with high visibility and flexible layout.
      5609 MacArthur Drive, North Little Rock, AR 72118
      View Details
    • $19 SF/Yr
      1,496 SF

      Class A Office Space Available

      Professional office space for rent in North Little Rock.
      2400 Crestwood Rd, North Little Rock, AR
      View Details
    • $12 SF/Yr
      1,600 SF

      Renovated Warehouse with Interstate Access

      1,600 SF warehouse with renovated office and easy access.
      1313 N Hills Blvd, North Little Rock, AR 72114
      View Details
    • $12 SF/Yr
      800 SF

      Renovated Warehouse with Interstate Access

      800 SF warehouse with renovated office and easy highway access.
      1317 N Hills Blvd, North Little Rock, AR 72114
      View Details
    • $2.00 SF/Yr
      5,500-6,150 SF

      Mathews & CO.

      1012 North Beech St, North Little Rock, AR 72214
      View Details
    • $16 SF/Yr
      10,187 SF

      Therapy or Daycare Facility Available

      Turn-key therapy or daycare facility near retail corridor.
      4610 W Commercial Dr, North Little Rock, AR
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in a convenient North Little Rock location.
    Where is this office units located?
    The property is located at 324 Pershing Blvd North Little Rock, AR.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Highly visible corner lot in the heart of the North Little Rock Business District.; Easy access to I‑40 and I‑30.; Ample on‑site parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kyle Patton
    Real Estate License ID: AR
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    324 Pershing Blvd, North Little Rock, AR 72114
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!