Mixed-Use Building with Pole
For Sale
$570,000
3422 John F Kennedy Boulevard, North Little Rock, AR 72116
COMMERCIAL - North Little Rock, AR
Property Size5,200 SF
Lot Size0.18 Acres
Price / SF$109.62
Days on Market206
Property Features for 3422 John F Kennedy Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Central Business, General Office
Parking
14
Interior features
Display Window, Burglar Alarm
Exterior features
Pole Sign
Subdivision
Park Hill
Lot features
Level, Zero Lot Line, Corner Lot
Directions
From Downtown NLR, proceed north on Main Street and continue on John F Kennedy Blvd after crossing Interstate 40. Follow JFK north to East E Avenue. Located on the SE corner of John F Kennedy Blvd and East E Ave.
Standard status
Active
APN
33N0180310300
Size
5,200 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
PARK HILL LT 6 & A TRI ST OF L
Tax Annual Amount
4739
Legal Description
PARK HILL LT 6 & A TRI ST OF L
Building Details
Year built
1960
Floors in Building
1
Flooring type
Concrete
Roof type
Composition
Architectural style
Other
Listing Agency:
Paragon Group Realty
(901) 359-8472
Listed By:
Bruce Schratz Jr.
(901) 359-8472
Added: Jan 16
Changed: Aug 10
Last Checked: Aug 10 at 11:06AM
MLS# 26002348
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.
Investment Insights
Based on property information with market context.
This mixed-use commercial building contains 5,200 square feet on a 0.18-acre parcel. The property is suited to retail or office occupancy and includes display windows, concrete flooring, a burglar alarm, and a composition roof. An existing pole sign is positioned at the front of the building.
Located at 3422 John F Kennedy Boulevard in North Little Rock, the property has 14 dedicated parking spaces along its north side. The building was constructed in 1960 and is currently 50% occupied by leasehold tenants, providing an existing commercial occupancy component for an owner-occupant or continued leasing strategy.
Located at 3422 John F Kennedy Boulevard in North Little Rock, the property has 14 dedicated parking spaces along its north side. The building was constructed in 1960 and is currently 50% occupied by leasehold tenants, providing an existing commercial occupancy component for an owner-occupant or continued leasing strategy.
Key Highlights
- 5,200‑square‑foot mixed‑use building on 0.18 acres
- Retail or office use supported by display windows and concrete flooring
- Existing pole sign at the front of the property
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
Property Profile
Current Use
Lease Details
50%
Occupancy
Multi-tenant
Tenancy
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 or office space with display windows, existing signage, and dedicated on-site parking.
Where is this mixed-use property located?
The property is located at 3422 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‑square‑foot mixed‑use building on 0.18 acres; Retail or office use supported by display windows and concrete flooring; Existing pole sign at the front of the property
