Mixed-Use Building with Office
New
For Sale
$891,840
5303 33rd Road, Little Rock, AR 72204
A commercial building with Planned Office zoning and a Light Industrial land use designation supports office, church, or light industrial applications.
Property Size7,800 SF
Price / SF$114.34
Days on Market2
Property Features for 5303 33rd Road
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Commercial / Industrial
Zoning
Planned Office
Building Details
Buildings
1
Building Size
7,800 SF
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Johnny Mitchum · License #EB00043654
(501) 940-3231
Source:
Arprorealty
Added: Sep 18
Last Checked: Sep 18 at 5:04AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 7,800-square-foot mixed-use commercial building is identified for office, church, and light industrial applications. The property carries Planned Office zoning and a Light Industrial land use designation, providing a defined regulatory framework for evaluating those uses.
Located at 5303 33rd Road in Little Rock, Arkansas, the property offers a single commercial building for sale within the Little Rock market. Its stated configuration and land-use designations make it relevant to users seeking office, religious, or light industrial space.
Located at 5303 33rd Road in Little Rock, Arkansas, the property offers a single commercial building for sale within the Little Rock market. Its stated configuration and land-use designations make it relevant to users seeking office, religious, or light industrial space.
Key Highlights
- 7,800 SF mixed‑use commercial building
- Planned Office zoning
- Light Industrial land use designation
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
$77,490
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
8.69%
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%
$1,549,800
$1.5M
Cap Rate 7%
$1,107,000
$1.1M
Cap Rate 9%
$861,000
$861.0K
Market Conditions
NOI Build-Up for 7,800 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
$139.5K $17.88/SF
− Vacancy
−$15.5K −$1.98/SF
EGI
$124.0K $15.90/SF
− OpEx
−$46.5K −$5.96/SF
NOI
$77.5K $9.93/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
37.50%
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%
$1,549,800
Cap Rate 7%
$1,107,000
Cap Rate 9%
$861,000
Alternative Uses
Best Use
Mixed Use
$1.11M
$968.6K – $1.29M
NOI $77,490 @ 7.0% cap · market cap 8.69%
Second Best
Office B
$1.06M
$928.3K – $1.24M
NOI $74,265 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$1.42M
$1.24M – $1.65M
NOI $99,187 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 72204, AR
31,564
Population
14,570
Households
2.2
Avg Household Size
37
Median Age
22%
College-Educated
89%
High-School Grad
15.2 sq mi
ZIP Area
2,077
Density / Sq Mi
$39,088
Median Household Income
$29,733
Median Earnings
$1,016
Median Rent
$117,600
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial building with Planned Office zoning and a Light Industrial land use designation supports office, church, or light industrial applications.
Where is this mixed-use property located?
The property is located at 5303 33rd Road Little Rock, AR.
What is the asking price?
The asking price for this property is $891,840.
What are key features of this property?
This property features: 7,800 SF mixed‑use commercial building; Planned Office zoning; Light Industrial land use designation
