Multi-Tenant Mixed-Use
For Sale
Contact for pricing
3420 John F Kennedy Boulevard, North Little Rock, AR 72116
Retail and office space occupies a visible commercial corridor with established surrounding retail and residential demand.
Property Size5,200 SF
Price / SF$109.62
Days on Market17
Property Features for 3420 John F Kennedy Boulevard
General Information
Standard status
Active
Size
5,200 SF
Total Parking Spaces
14
Property subtype
Retail, Office
Zoning
CPH
Site & Location
Frontage
80 ft
Pylon Signage
Yes
Traffic Count
31,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1960
Tenancy
Multi
Listing Agency:
Moses Tucker Partners
Listed By:
Fletcher Hanson · License #PB00042821-D02
(501) 376-6555
Source:
Crexi
Added: Aug 18
Changed: Aug 30
Last Checked: Sep 2 at 4:52AM
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
Built in 1960, this 5,200-square-foot mixed-use property combines retail and office space in a multi-tenant configuration. The building offers approximately 80 feet of unobstructed frontage along John F Kennedy Boulevard, complemented by existing pole signage. CPH zoning is identified for the property.
The site is positioned in North Little Rock’s Historic Park Hill District and near North Park Mall, whose listed tenants include Dollar General, Planet Fitness, Hallmark, and Hobby Lobby. Additional nearby businesses include 7 Brew Coffee, Walgreens, Hardee’s, Papa John’s Pizza, and Shipley Do-Nuts, all identified as less than one mile away. Downtown North Little Rock is approximately 2.5 miles away, while Downtown Little Rock is approximately 3.5 miles away. Regional connections include Interstates 30, 40, and 430.
The site is positioned in North Little Rock’s Historic Park Hill District and near North Park Mall, whose listed tenants include Dollar General, Planet Fitness, Hallmark, and Hobby Lobby. Additional nearby businesses include 7 Brew Coffee, Walgreens, Hardee’s, Papa John’s Pizza, and Shipley Do-Nuts, all identified as less than one mile away. Downtown North Little Rock is approximately 2.5 miles away, while Downtown Little Rock is approximately 3.5 miles away. Regional connections include Interstates 30, 40, and 430.
Key Highlights
- 5,200 SF mixed‑use building with retail and office space
- Approximately 80 feet of unobstructed frontage along John F Kennedy Boulevard
- 31,000 VPD reported along the commercial corridor
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
$48,438
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
8.50%
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%
$968,760
$968.8K
Cap Rate 7%
$691,971
$692.0K
Cap Rate 9%
$538,200
$538.2K
Market Conditions
NOI Build-Up for 5,200 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
$84.2K $16.20/SF
− Vacancy
−$6.7K −$1.30/SF
EGI
$77.5K $14.90/SF
− OpEx
−$29.1K −$5.59/SF
NOI
$48.4K $9.32/SF
Area
Pulaski County, AR
Vacancy
8.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
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%
$968,760
Cap Rate 7%
$691,971
Cap Rate 9%
$538,200
Alternative Uses
Best Use
Mixed Use
$692.0K
$605.5K – $807.3K
NOI $48,438 @ 7.0% cap · market cap 8.50%
Second Best
Retail
$685.5K
$599.9K – $799.8K
NOI $47,988 @ 7.0% cap · market cap 8.42%
Theoretical Best
Specialty Retail
$991.9K
$867.9K – $1.16M
NOI $69,433 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
31,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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?
Mixed-use property - Retail and office space occupies a visible commercial corridor with established surrounding retail and residential demand.
Where is this mixed-use property located?
The property is located at 3420 John F Kennedy Boulevard North Little Rock, AR.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 5,200 SF mixed‑use building with retail and office space; Approximately 80 feet of unobstructed frontage along John F Kennedy Boulevard; 31,000 VPD reported along the commercial corridor
