Fenced Multi-Building Flex
For Sale
$300,000
4608 Aspen Dr, North Little Rock, AR 72118
Multiple adjoining parcels provide fenced shop, storage, and workspace buildings with utility service.
Property Size2,940 SF
Price / SF$102.04
Days on Market54
Property Features for 4608 Aspen Dr
General Information
Standard status
Active
Size
2,940 SF
Site & Location
Fenced Yard
Yes
Utilities to Site
Yes
Additional Details
Service Bays
5
Taxes and HOA fees
Annual Taxes
$1,372
Amenities
living quarters
full bathroom
laundry room
vehicle lift
Building Details
Buildings
3
Listing Agency:
Crye-Leike REALTORS NLR Branch
(501) 975-2100
Listed By:
Brenda Rhoads
(501) 554-4136
Source:
Exprealty
Added: Sep 3
Changed: Oct 25
Last Checked: Oct 24 at 11:03PM
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 Crye-Leike REALTORS NLR Branch
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Investment Insights
Based on property information with market context.
This flex property comprises multiple adjoining, fenced parcels with several functional improvements. The primary building measures 74 by 30 feet and includes three shop bays, a studio-style area above, a full bathroom, and a separate laundry room. A vehicle lift in one bay is included in the sale.
A separate 50-by-30-foot building contains two bays and a walk-through door; one bay was previously configured as a paint booth. An additional parcel adds a concrete block building for workspace or storage. Electricity and water serve all buildings, which have either half or full bathrooms. The property is located at 4608 Aspen Dr in North Little Rock, Arkansas.
A separate 50-by-30-foot building contains two bays and a walk-through door; one bay was previously configured as a paint booth. An additional parcel adds a concrete block building for workspace or storage. Electricity and water serve all buildings, which have either half or full bathrooms. The property is located at 4608 Aspen Dr in North Little Rock, Arkansas.
Key Highlights
- Three‑bay shop measuring 74 by 30 feet
- Studio‑style area above the shop with full bathroom and separate laundry room
- Vehicle lift in one shop bay conveys with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,132
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,640
$542.6K
Cap Rate 7%
$387,600
$387.6K
Cap Rate 9%
$301,467
$301.5K
Market Conditions
NOI Build-Up for 2,940 SF
Gross rent
$41.3K $14.04/SF
− Vacancy
−$2.5K −$0.86/SF
EGI
$38.8K $13.18/SF
− OpEx
−$11.6K −$3.96/SF
NOI
$27.1K $9.23/SF
Area
Pulaski County, AR
Vacancy
6.10%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,640
Cap Rate 7%
$387,600
Cap Rate 9%
$301,467
Alternative Uses
Best Use
Retail
$387.6K
$339.2K – $452.2K
NOI $27,132 @ 7.0% cap · market cap 9.04%
Second Best
Flex RnD
$255.0K
$223.2K – $297.6K
NOI $17,853 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$560.8K
$490.7K – $654.3K
NOI $39,257 @ 7.0% cap · market cap 13.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Fenced yard
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Multiple adjoining parcels provide fenced shop, storage, and workspace buildings with utility service.
Where is this flex space located?
The property is located at 4608 Aspen Dr North Little Rock, AR.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three‑bay shop measuring 74 by 30 feet; Studio‑style area above the shop with full bathroom and separate laundry room; Vehicle lift in one shop bay conveys with the sale
