Warehouse with Material
For Sale
$499,000
419 E 13th Street, North Little Rock, AR 72114
Commercial / Industrial, North Little Rock, AR
Property Size4,100 SF
Lot Size0.86 Acres
Price / SF$121.71
Days on Market2166
Property Features for 419 E 13th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Subdivision
Argenta
Lot features
Level
Directions
Traveling East on 13th Street Building is on the corner 13th and Cypress just west of I-30.
Standard status
Active
Size
4,100 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Description
Lot 30 Block 3
Tax Annual Amount
1583
Legal Description
Lot 30 Block 3
Building Details
Year built
1942
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Marshall Peters & Associates
(501) 414-8340
Listed By:
Chris McCants · License #SA00086115
(501) 553-6224
Added: Oct 30, 2020
Changed: Sep 28
Last Checked: Oct 4 at 7:06PM
MLS# 20034076
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.
Built in 1942, the warehouse has concrete flooring, a metal roof, several outbuildings, and a large hoist. The property includes a 0.86-acre site and a separate 0.16-acre lot across 13th Street. A billboard on the property is leased to Lamar Advertising.
The site is adjacent to I-30, with visibility from the interstate.
The site is adjacent to I-30, with visibility from the interstate.
Key Highlights
- 0.86‑acre warehouse site with a separate 0.16‑acre lot across 13th Street
- Large hoist and several outbuildings
- 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
$21,885
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
4.39%
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%
$437,700
$437.7K
Cap Rate 7%
$312,643
$312.6K
Cap Rate 9%
$243,167
$243.2K
Market Conditions
NOI Build-Up for 4,100 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
$27.1K $6.60/SF
− Vacancy
−$1.3K −$0.32/SF
EGI
$25.7K $6.28/SF
− OpEx
−$3.9K −$0.94/SF
NOI
$21.9K $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%
$437,700
Cap Rate 7%
$312,643
Cap Rate 9%
$243,167
Alternative Uses
Best Use
Warehouse
$312.6K
$273.6K – $364.8K
NOI $21,885 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$782.1K
$684.3K – $912.4K
NOI $54,746 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
547
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Allied Van Lines — 1001 N Magnolia St building a, North Little Rock, AR 72114
- Cypress Cold Storage, LLC — 1301 Gregory St, North Little Rock, AR 72114
- Records Imaging Systems Inc — 1309 N Hills Blvd, North Little Rock, AR 72114
Frequently Asked Questions
What type of property is this?
Warehouse - The warehouse property includes multiple outbuildings and a separate lot across 13th Street.
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: 0.86‑acre warehouse site with a separate 0.16‑acre lot across 13th Street; Large hoist and several outbuildings; Billboard leased to Lamar Advertising
