Flex Office/Warehouse with Secure
For Sale
$1,350,000
5900 Patterson Rd, Little Rock, AR 72209
Single-story flex office/warehouse with fenced, secure site and I-2 industrial zoning.
Property Size22,050 SF
Days on Market50
Property Features for 5900 Patterson Rd
General Information
Standard status
Active
Size
22,050 SF
Class
C
Property subtype
Industrial - Warehouse/Distribution
Zoning
I-2
Site & Location
Traffic Count
108,000 vehicles/day
Highway Access
Yes
Fenced Yard
Yes
Building Details
Building Size
22,050 SF
Year Built
1977
Stories
1
Listing Agency:
Moses Tucker Partners
Listed By:
John Martin · License #EB00054781
(501) 376-6555
Source:
Commercialcafe
Added: Jul 24
Changed: Sep 11
Last Checked: Sep 11 at 4:52AM
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 Moses Tucker Partners
Investment Insights
Based on property information with market context.
This single-story flex office/warehouse configuration combines administrative space with operational warehouse functions, designed for businesses needing both under one roof. The property is situated on a fenced site with secure access, and the exterior setting includes an opportunity for prominent signage to support brand visibility.
The property is located at 5900 Patterson Road in Little Rock, AR, within the Southwest Little Rock industrial corridor and surrounded by established industrial users and service providers. It is near I-30, approximately 1.5 miles away, which supports regional connectivity. The area is described as being adjacent to Little Rock’s most heavily traveled roadway with 108,000+ VPD. Zoned I-2, the property supports a broad range of light industrial, distribution, warehouse, and service-oriented uses.
The property has been described as having long-term occupancy by the same company, reflecting operational stability and sustained location commitment.
The property is located at 5900 Patterson Road in Little Rock, AR, within the Southwest Little Rock industrial corridor and surrounded by established industrial users and service providers. It is near I-30, approximately 1.5 miles away, which supports regional connectivity. The area is described as being adjacent to Little Rock’s most heavily traveled roadway with 108,000+ VPD. Zoned I-2, the property supports a broad range of light industrial, distribution, warehouse, and service-oriented uses.
The property has been described as having long-term occupancy by the same company, reflecting operational stability and sustained location commitment.
Key Highlights
- Single‑story flex office/warehouse built in 1977 with combined administrative and operational space
- Fenced site with secure access and prominent signage opportunity
- I‑2 industrial zoning for a range of light industrial, distribution, warehouse, and service‑oriented uses
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
$100,634
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
7.45%
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%
$2,012,680
$2.0M
Cap Rate 7%
$1,437,629
$1.4M
Cap Rate 9%
$1,118,156
$1.1M
Market Conditions
NOI Build-Up for 22,050 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
$124.4K $5.64/SF
− Vacancy
−$6.0K −$0.27/SF
EGI
$118.4K $5.37/SF
− OpEx
−$17.8K −$0.81/SF
NOI
$100.6K $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%
$2,012,680
Cap Rate 7%
$1,437,629
Cap Rate 9%
$1,118,156
Alternative Uses
Best Use
Flex RnD
$2.39M
$2.09M – $2.79M
NOI $167,422 @ 7.0% cap · market cap 12.40%
Second Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,634 @ 7.0% cap · market cap 7.45%
Theoretical Best
Office A
$4.01M
$3.50M – $4.67M
NOI $280,393 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
108,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Single-story flex office/warehouse with fenced, secure site and I-2 industrial zoning.
Where is this flex space located?
The property is located at 5900 Patterson Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Single‑story flex office/warehouse built in 1977 with combined administrative and operational space; Fenced site with secure access and prominent signage opportunity; I‑2 industrial zoning for a range of light industrial, distribution, warehouse, and service‑oriented uses
