Warehouse with
For Sale
$499,000
419 E 13th Street, North Little Rock, AR 72114
Warehouse property with accessory structures, lifting equipment, and an income-producing billboard.
Property Size4,100 SF
Price / SF$118.81
Days on Market2125
Property Features for 419 E 13th Street
General Information
Standard status
Active
Size
4,100 SF
Total Parking Spaces
10
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$10,000
Warehouse Space
4,200 SF
Building Details
Building Size
4,100 SF
Year Built
1942
Stories
1
Listing Agency:
Marshall Peters & Associates
(501) 553-6224
Listed By:
Chris McCants · License #SA00086115
(501) 553-6224
Source:
Proeliterealty
Added: Oct 30, 2020
Changed: Aug 20
Last Checked: Aug 23 at 12:04PM
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 Marshall Peters & Associates
Investment Insights
Based on property information with market context.
This warehouse property includes approximately 4,200 square feet of building area on a 0.86-acre site. Several outbuildings expand the property’s functional footprint, while a large hoist supports material-handling capability. Constructed in 1942, the building is accompanied by a billboard that is leased to Lamar Advertising.
The property sits adjacent to I-30 and is visible from the interstate. The offering also includes a separate 0.16-acre lot across 13th Street, adding land to the overall property package.
The property sits adjacent to I-30 and is visible from the interstate. The offering also includes a separate 0.16-acre lot across 13th Street, adding land to the overall property package.
Key Highlights
- Approximately 4,200 SF warehouse on 0.86 acres
- Adjacent to I‑30 with visibility from the interstate
- Billboard leased to Lamar Advertising
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
$22,419
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
4.49%
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%
$448,380
$448.4K
Cap Rate 7%
$320,271
$320.3K
Cap Rate 9%
$249,100
$249.1K
Market Conditions
NOI Build-Up for 4,200 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
$27.7K $6.60/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$26.4K $6.28/SF
− OpEx
−$4.0K −$0.94/SF
NOI
$22.4K $5.34/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
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%
$448,380
Cap Rate 7%
$320,271
Cap Rate 9%
$249,100
Alternative Uses
Best Use
Warehouse
$320.3K
$280.2K – $373.7K
NOI $22,419 @ 7.0% cap · market cap 4.49%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$801.2K
$701.0K – $934.7K
NOI $56,081 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rock-Storage.com — 1705 Moss St, North Little Rock, AR 72114
- Salvation Army-NLR - Food Distribution Center — 1505 W 18th St, North Little Rock, AR 72114
- NLR Mini Storage — 1705 Moss St, North Little Rock, AR 72114
- Allied Van Lines — 1001 N Magnolia St building a, North Little Rock, AR 72114
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property with accessory structures, lifting equipment, and an income-producing billboard.
Where is this warehouse located?
The property is located at 419 E 13th Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 4,200 SF warehouse on 0.86 acres; Adjacent to I‑30 with visibility from the interstate; Billboard leased to Lamar Advertising
