Freestanding Office
5400 Northshore Dr, North Little Rock, AR 72118
For Sale
Contact for pricing
A modern interior combines private offices, open work areas, meeting rooms, and capacity for 41 workstations.
Property Size8,550 SF
Lot Size1.66 Acres
Price / SF$291.81
Days on Market9
Property Features for 5400 Northshore Dr
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Property Use
Amenities
UPS generator
Building Details
Buildings
Building Size
Listing Agency:
Hathaway Group
(501) 663-5400
Listed By:
Stuart Mackey · License AR EB00046466
(501) 529-4965
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 8 at 4:02AM
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 freestanding office building contains 8,550 square feet on a 1.66-acre lot in NorthShore Business Park. The modern interior includes seven private offices, two small conference rooms, a large conference room, open workspace, and room for 41 workstations. An on-site UPS generator serves the property, and the lot offers room to expand the building or parking.
Nearby organizations include Arkansas Surgical Hospital, the State Crime Lab (2027), Powers of Arkansas, ADEQ, Garver, Onterris, Sowell Management, WDD Architects, Snyder Environmental, and WES, Inc.
Nearby organizations include Arkansas Surgical Hospital, the State Crime Lab (2027), Powers of Arkansas, ADEQ, Garver, Onterris, Sowell Management, WDD Architects, Snyder Environmental, and WES, Inc.
Key Highlights
- 8,550‑square‑foot freestanding office building
- 1.66‑acre lot in NorthShore Business Park
- Seven private offices, two small conference rooms, and a large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,506
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,430,120
$1.4M
Cap Rate 7%
$1,021,514
$1.0M
Cap Rate 9%
$794,511
$794.5K
Market Conditions
NOI Build-Up for 8,550 SF
Gross rent
$107.7K $12.60/SF
− Vacancy
−$12.4K −$1.45/SF
EGI
$95.3K $11.15/SF
− OpEx
−$23.8K −$2.79/SF
NOI
$71.5K $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%
$1,430,120
Cap Rate 7%
$1,021,514
Cap Rate 9%
$794,511
Alternative Uses
Best Use
Office B
$1.02M
$893.8K – $1.19M
NOI $71,506 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,165 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
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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
$115,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Pulaski County, AR
Properties on Market for Office buildings in Pulaski County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A modern interior combines private offices, open work areas, meeting rooms, and capacity for 41 workstations.
Where is this office building located?
The property is located at 5400 Northshore Dr North Little Rock, AR.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 8,550‑square‑foot freestanding office building; 1.66‑acre lot in NorthShore Business Park; Seven private offices, two small conference rooms, and a large conference room
