Mixed-Use Property With Three
For Sale
$475,000
4919 baseline rd, Little Rock, AR 72209
Commercial / Industrial, Little Rock, AR
Property Size4,750 SF
Lot Size1.00 Acre
Price / SF$100
Days on Market137
Property Features for 4919 baseline rd
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Exterior features
Fully Fenced, Storage Building, Outside Storage Area, Guttering, Pole Sign
Fencing
Full
Subdivision
Sunset Acres
Directions
Starting from I-630 E, Take exit 139A-139B to merge onto I-30 W toward Texarkana go for 3mi, Take exit 134 Scott Hamilton Dr/Stanton Rd, Turn left onto Scott Hamilton Dr, go 0.9mi and Turn right onto Baseline Rd for 1 mile Destination will on left side .
Standard status
Active
Size
4,750 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Description
Lot/Block: 2/0
Tax Annual Amount
4487
Legal Description
Lot/Block: 2/0
Building Details
Year built
1974
Floors in Building
1
Additional Structures
Storage
Listing Agency:
McKimmey Associates REALTORS NLR
(501) 812-3500
Listed By:
Cecilia Gomez
(501) 951-0024
Added: Apr 17
Changed: Aug 28
Last Checked: Aug 31 at 1:06AM
MLS# 26015444
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 C-3-zoned mixed-use property contains three separate buildings totaling 4,750 square feet on 1 acre. The improvements include a detached 3-bedroom, 1-bath residence with tile and wood flooring and central heat and air. A second building is configured as an event center, gymnasium, or worship hall, with men’s and women’s restrooms, two offices, and a full kitchen. The third improvement is a metal structure suited to warehouse or storage functions.
The property is fully fenced and includes an outside storage area, a storage building, guttering, and a pole sign. The buildings are located at 4919, 4921, and 4923 Baseline Rd in Little Rock, Arkansas. Built in 1974, the site offers a combination of residential, assembly, office, kitchen, and storage improvements within one commercial property.
The property is fully fenced and includes an outside storage area, a storage building, guttering, and a pole sign. The buildings are located at 4919, 4921, and 4923 Baseline Rd in Little Rock, Arkansas. Built in 1974, the site offers a combination of residential, assembly, office, kitchen, and storage improvements within one commercial property.
Key Highlights
- Three‑building mixed‑use property totaling 4,750 square feet
- 1‑acre site with C‑3 zoning
- Detached 3‑bedroom, 1‑bath residence with central heat and air
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
$21,678
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
4.56%
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%
$433,560
$433.6K
Cap Rate 7%
$309,686
$309.7K
Cap Rate 9%
$240,867
$240.9K
Market Conditions
NOI Build-Up for 4,750 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
$26.8K $5.64/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$25.5K $5.37/SF
− OpEx
−$3.8K −$0.81/SF
NOI
$21.7K $4.56/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /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%
$433,560
Cap Rate 7%
$309,686
Cap Rate 9%
$240,867
Alternative Uses
Best Use
Mixed Use
$674.1K
$589.9K – $786.5K
NOI $47,189 @ 7.0% cap · market cap 9.93%
Second Best
Warehouse
$309.7K
$271.0K – $361.3K
NOI $21,678 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$862.9K
$755.0K – $1.01M
NOI $60,402 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
340
Businesses Nearby
Explore this area
Business Placement
Demographics for 72209, AR
31,641
Population
13,863
Households
2.3
Avg Household Size
32
Median Age
12%
College-Educated
80%
High-School Grad
18.3 sq mi
ZIP Area
1,729
Density / Sq Mi
$40,267
Median Household Income
$32,681
Median Earnings
$982
Median Rent
$99,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a detached residence, event or worship hall, and metal storage structure.
Where is this mixed-use property located?
The property is located at 4919 baseline rd Little Rock, AR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑building mixed‑use property totaling 4,750 square feet; 1‑acre site with C‑3 zoning; Detached 3‑bedroom, 1‑bath residence with central heat and air
