Open-Plan Flex
For Sale
$350,000
415 W 12th, Little Rock, AR 72201
Commercial / Industrial, Traditional, Little Rock, AR
Property Size2,880 SF
Lot Size0.16 Acres
Price / SF$121.53
Days on Market362
Property Features for 415 W 12th
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
On Street
Lot features
Level
Directions
From 630, take the Broadway exit and head South. Turn left on 12th Street just past Sonic. Property is on the right.
Subdivision
Little Rock
Standard status
Active
Size
2,880 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
Sec10 Twp1N R12W
Tax Annual Amount
1803
Legal Description
Sec10 Twp1N R12W
Building Details
Year built
1951
Floors in Building
1
Flooring type
Vinyl, Carpet - Partial
Roof type
Metal
Architectural style
Other
Listing Agency:
Haybar Realty
(501) 374-2303
Listed By:
Ashley Fondren · License #SA00091956
(501) 766-5155
Added: Oct 2, 2025
Changed: Sep 25
Last Checked: Sep 28 at 1:06AM
MLS# 25039495
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 2,880-square-foot flex space offers a largely open interior, with separate areas suitable for storage or private offices. Vinyl flooring and partial carpeting are installed, and the building has a metal roof. Built in 1951, the property sits on a 0.16-acre parcel.
The building is at 415 W 12th in Little Rock’s SoMa district. On-street parking is available, and nearby businesses include Bark Bar and Larry’s Pizza, alongside residential uses.
The building is at 415 W 12th in Little Rock’s SoMa district. On-street parking is available, and nearby businesses include Bark Bar and Larry’s Pizza, alongside residential uses.
Key Highlights
- 2,880 square feet of commercial flex space
- Open floor plan with separate storage or private office areas
- 0.16‑acre parcel
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
$21,867
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
6.25%
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%
$437,340
$437.3K
Cap Rate 7%
$312,386
$312.4K
Cap Rate 9%
$242,967
$243.0K
Market Conditions
NOI Build-Up for 2,880 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
$35.9K $12.48/SF
− Vacancy
−$2.3K −$0.80/SF
EGI
$33.6K $11.68/SF
− OpEx
−$11.8K −$4.09/SF
NOI
$21.9K $7.59/SF
Area
Little Rock, AR
Vacancy
6.40%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
35.00%
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%
$437,340
Cap Rate 7%
$312,386
Cap Rate 9%
$242,967
Alternative Uses
Best Use
Retail
$461.3K
$403.6K – $538.2K
NOI $32,291 @ 7.0% cap · market cap 9.23%
Second Best
Flex RnD
$312.4K
$273.3K – $364.5K
NOI $21,867 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$523.2K
$457.8K – $610.4K
NOI $36,623 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,735
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Rx Catering — 921 W Capitol Ave, Little Rock, AR 72201
- Legacy Bistro & Bar — 625 W Capitol Ave, Little Rock, AR 72201
- The Middle Matters — Little Rock, AR 72201
Frequently Asked Questions
What type of property is this?
Flex space - A combination of open workspace and private rooms supports a range of commercial configurations.
Where is this flex space located?
The property is located at 415 W 12th Little Rock, AR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,880 square feet of commercial flex space; Open floor plan with separate storage or private office areas; 0.16‑acre parcel
