Live-Work Corner
4001 HWY 161 North Little Rock, AR 72117
For Sale
$124,900
COMMERCIAL - North Little Rock, AR
Property Size992 SF
Lot Size0.59 Acres
Price / SF$125.91
Days on Market162
Property Features for 4001 HWY 161
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 4
- Interior features
- Public Restrooms, Window Treatments, Kitchen Area, Living Area, Ceiling Fans, In-Unit Bathroom, Phone System, Showers
- Exterior features
- Fully Fenced, Outside Storage Area
- Fencing
- Full
- Standard status
- Active
- APN
- 23N0211901201
- Size
- 992 SF
- Lot size
- 0.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ON FILE
- Tax Annual Amount
- 508
Building Details
- Year built
- 1938
- Floors in Building
- 1
- Flooring type
- Wood
- Roof type
- Composition
- Architectural style
- Other
- Additional Structures
- Storage
Listing Agency:
Keller Williams Realty NEA
(870) 800-4355
Listed By:
Ronald Hollis Jr.
(501) 993-7170
Added: Feb 11
Changed: Jul 23
Last Checked: Jul 23 at 11:06PM
MLS# 26005295
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 live-work property offers a mix of business and day-to-day space on a corner lot, shaded by mature trees. The interior includes multiple office areas and a customer lounge, along with a layout that features 2 bedrooms and 1 full bath, a kitchen, and an additional flexible room. Recent updates include fresh paint throughout and updated ceiling fans. Outside, the property includes a one-car garage and a fully fenced lot with a stable perimeter.
The site provides practical access and parking convenience with three separate driveways and lots of parking. The roof is less than 5 years old.
Overall, the configuration supports flexible use of both interior rooms and dedicated offices for client-facing or work-from-home operations, with room for outdoor privacy on the fenced corner lot.
The site provides practical access and parking convenience with three separate driveways and lots of parking. The roof is less than 5 years old.
Overall, the configuration supports flexible use of both interior rooms and dedicated offices for client-facing or work-from-home operations, with room for outdoor privacy on the fenced corner lot.
Key Highlights
- 1938‑built commercial property on a corner lot with 59 acres of space and mature trees for privacy
- Multiple office areas plus a customer lounge, with 2 bedrooms and 1 full bath included
- Kitchen and a flexible room, with interior features including ceiling fans, public restrooms, showers, and in‑unit bathroom
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.1k | $16.20 |
| − Vacancy | −$1.3k | −$1.30 |
| EGI | $14.8k | $14.90 |
| − OpEx | −$5.5k | −$5.59 |
| NOI | $9.2k | $9.32 |
992 SF · lease $16.20/SF/yr · vacancy 8.00% · expense 37.50%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
FAQs
What type of property is this?
Live-work space - Live-work property with multiple office areas, customer lounge, and a fully fenced, corner lot with three driveways.
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: 1938‑built commercial property on a corner lot with 59 acres of space and mature trees for privacy; Multiple office areas plus a customer lounge, with 2 bedrooms and 1 full bath included; Kitchen and a flexible room, with interior features including ceiling fans, public restrooms, showers, and in‑unit bathroom
