Office Suite with
For Sale
Contact for pricing
4505 John F Kennedy Blvd, North Little Rock, AR 72116
Private offices, shared work areas, and a kitchenette support a flexible professional-office configuration.
Property Size500 SF
Price / SF$1.70
Days on Market14
Property Features for 4505 John F Kennedy Blvd
General Information
Standard status
Active
Size
500 SF
Amenities
dual entry
shared lobby
balcony access
kitchenette
Listing Agency:
Hathaway Group
(501) 978-4975
Listed By:
Stacy Hamilton
(501) 786-0024
Source:
Exprealty
Added: Oct 7
Changed: Oct 17
Last Checked: Oct 19 at 12:11PM
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 Hathaway Group
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Investment Insights
Based on property information with market context.
This office suite at 4505 John F Kennedy Blvd in North Little Rock includes private offices, shared workspace, and a kitchenette. Recent improvements include new flooring and lighting. The building provides dual entrances, a shared lobby, and balcony access, with common areas available to occupants.
The space was previously used by a law firm.
The space was previously used by a law firm.
Key Highlights
- Private offices plus shared work areas and a kitchenette
- New flooring and lighting installed in a recent renovation
- Dual building entrances and a shared lobby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,182
Suggested Prices Based on Cap Rates
Cap Rate 5%
$83,640
$83.6K
Cap Rate 7%
$59,743
$59.7K
Cap Rate 9%
$46,467
$46.5K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$6.3K $12.60/SF
− Vacancy
−$725 −$1.45/SF
EGI
$5.6K $11.15/SF
− OpEx
−$1.4K −$2.79/SF
NOI
$4.2K $8.36/SF
Area
Pulaski County, AR
Vacancy
11.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$83,640
Cap Rate 7%
$59,743
Cap Rate 9%
$46,467
Alternative Uses
Best Use
Office B
$59.7K
$52.3K – $69.7K
NOI $4,182 @ 7.0% cap · market cap 492.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$95.4K
$83.5K – $111.3K
NOI $6,676 @ 7.0% cap · market cap 785.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
562
Businesses Nearby
Explore this area
Business Placement
Demographics for 72116, AR
21,715
Population
10,556
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
97%
High-School Grad
6.5 sq mi
ZIP Area
3,341
Density / Sq Mi
$75,490
Median Household Income
$46,256
Median Earnings
$1,058
Median Rent
$218,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices, shared work areas, and a kitchenette support a flexible professional-office configuration.
Where is this office unit located?
The property is located at 4505 John F Kennedy Blvd North Little Rock, AR.
What are key features of this property?
This property features: Private offices plus shared work areas and a kitchenette; New flooring and lighting installed in a recent renovation; Dual building entrances and a shared lobby
