Live-Work Property with Office
For Sale
$124,900
4001 Hwy 161, North Little Rock, AR 72117
Corner-lot commercial property combines residential features, office space, parking, and a fenced setting.
Property Size992 SF
Lot Size59.00 Acres
Days on Market192
Property Features for 4001 Hwy 161
General Information
Standard status
Active
Size
992 SF
Total Parking Spaces
4
Lot size
59.00 Acres
Property subtype
Commercial
Zoning
Neighborhood Commercial, Office and Indu
Amenities
customer lounge
kitchen
Building Details
Building Size
992 SF
Year Built
1938
Stories
1
Listing Agency:
Keller Williams Realty Nea
(501) 993-7170
Listed By:
Ronald Hollis Jr.
(501) 993-7170
Source:
Jcthornton
Added: Feb 11
Changed: Aug 22
Last Checked: Aug 22 at 3:43AM
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 Keller Williams Realty Nea
Investment Insights
Based on property information with market context.
This live-work property occupies a 0.59-acre corner lot at 4001 Hwy 161 in North Little Rock. The 1938 building includes multiple office areas, a customer lounge, two bedrooms, one full bath, a kitchen, and an additional flexible room. A one-car garage supports the existing layout, while fresh interior paint, updated ceiling fans, and a roof less than five years old add to the property’s current functionality.
The fenced site is shaded by mature trees and includes three separate driveways with ample parking. Zoning is identified as Neighborhood Commercial, Office and Indu. The combination of office, residential, and adaptable interior areas supports a range of live-work configurations within a single commercial property.
The fenced site is shaded by mature trees and includes three separate driveways with ample parking. Zoning is identified as Neighborhood Commercial, Office and Indu. The combination of office, residential, and adaptable interior areas supports a range of live-work configurations within a single commercial property.
Key Highlights
- 0.59‑acre corner lot in North Little Rock
- Multiple office areas plus a customer lounge
- Two bedrooms, one full bath, kitchen, and flexible room
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
$9,240
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
7.40%
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%
$184,800
$184.8K
Cap Rate 7%
$132,000
$132.0K
Cap Rate 9%
$102,667
$102.7K
Market Conditions
NOI Build-Up for 992 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
$16.1K $16.20/SF
− Vacancy
−$1.3K −$1.30/SF
EGI
$14.8K $14.90/SF
− OpEx
−$5.5K −$5.59/SF
NOI
$9.2K $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%
$184,800
Cap Rate 7%
$132,000
Cap Rate 9%
$102,667
Alternative Uses
Best Use
Mixed Use
$132.0K
$115.5K – $154.0K
NOI $9,240 @ 7.0% cap · market cap 7.40%
Second Best
Office B
$118.5K
$103.7K – $138.3K
NOI $8,296 @ 7.0% cap · market cap 6.64%
Theoretical Best
Specialty Retail
$189.2K
$165.6K – $220.8K
NOI $13,246 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 72117, AR
13,730
Population
6,691
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
83%
High-School Grad
54.4 sq mi
ZIP Area
252
Density / Sq Mi
$41,670
Median Household Income
$31,903
Median Earnings
$1,125
Median Rent
$125,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Corner-lot commercial property combines residential features, office space, parking, and a fenced setting.
Where is this live-work space located?
The property is located at 4001 Hwy 161 North Little Rock, AR.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 0.59‑acre corner lot in North Little Rock; Multiple office areas plus a customer lounge; Two bedrooms, one full bath, kitchen, and flexible room
