Warehouse with Gated Laydown
For Sale
Contact for pricing
3717-3719 Harold St, North Little Rock, AR 72118
Warehouse with a gated laydown yard and C-4 zoning, with easy access to I-40 via Exits 150 or 152B.
Property Size6,840 SF
Lot Size6.04 Acres
Price / SF$109.65
Days on Market30
Property Features for 3717-3719 Harold St
General Information
Standard status
Active
Size
6,840 SF
Lot size
6.04 Acres
Property subtype
INDUSTRIAL
Zoning
C-4
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
4,800 SF
Office Build-Out
2,040 SF
Building Details
Buildings
2
Listing Agency:
Hathaway Group
(501) 529-4868
Listed By:
David Hathaway
(501) 529-4868
Source:
Moodyscre
Added: Jul 13
Changed: Jul 29
Last Checked: Aug 10 at 10:55AM
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 Hathaway Group
Investment Insights
Based on property information with market context.
This warehouse property includes a 4,800 SF warehouse plus a 2,040 SF freestanding office building on a gated laydown yard. The site is described as a former towing company facility, suitable for contractors, fleet operations, and equipment or outdoor storage.
The property totals 6.04 acres, consisting of a 1.75-acre gated laydown yard and 3.5 additional acres with separate access from W. 37th Place. The property is zoned C-4, accommodating a wide range of commercial and industrial uses. For regional access, the site provides easy access to I-40 via Exits 150 or 152B.
The property totals 6.04 acres, consisting of a 1.75-acre gated laydown yard and 3.5 additional acres with separate access from W. 37th Place. The property is zoned C-4, accommodating a wide range of commercial and industrial uses. For regional access, the site provides easy access to I-40 via Exits 150 or 152B.
Key Highlights
- 4,800 SF warehouse plus 2,040 SF freestanding office building
- 1.75‑acre gated laydown yard for equipment and outdoor storage
- Total 6.04 acres including 3.5 additional acres with separate access from W. 37th Place
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
$57,205
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
7.63%
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%
$1,144,100
$1.1M
Cap Rate 7%
$817,214
$817.2K
Cap Rate 9%
$635,611
$635.6K
Market Conditions
NOI Build-Up for 6,840 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
$86.2K $12.60/SF
− Vacancy
−$9.9K −$1.45/SF
EGI
$76.3K $11.15/SF
− OpEx
−$19.1K −$2.79/SF
NOI
$57.2K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,144,100
Cap Rate 7%
$817,214
Cap Rate 9%
$635,611
Alternative Uses
Best Use
Office B
$817.2K
$715.1K – $953.4K
NOI $57,205 @ 7.0% cap · market cap 7.63%
Second Best
Warehouse
$521.6K
$456.4K – $608.5K
NOI $36,511 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,332 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- North Little Rock Storage — 2701 Parkway Dr, North Little Rock, AR 72118
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse with a gated laydown yard and C-4 zoning, with easy access to I-40 via Exits 150 or 152B.
Where is this warehouse located?
The property is located at 3717-3719 Harold St North Little Rock, AR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 4,800 SF warehouse plus 2,040 SF freestanding office building; 1.75‑acre gated laydown yard for equipment and outdoor storage; Total 6.04 acres including 3.5 additional acres with separate access from W. 37th Place
