Office Unit with Fenced
For Sale
Contact for pricing
700 E 9th St, Little Rock, AR 72202
Office unit with fenced-in parking and quick access to I-30/I-630 and downtown Little Rock areas.
Property Size840 SF
Price / SF$119.05
Days on Market767
Property Features for 700 E 9th St
General Information
Standard status
Active
Size
840 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Colliers - Little Rock
(501) 372-6161
Listed By:
Graham Gordon · License #SA00095981
(501) 978-6503
Source:
Moodyscre
Added: Aug 9, 2024
Changed: Aug 16
Last Checked: Sep 14 at 10:25AM
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 Colliers - Little Rock
Investment Insights
Based on property information with market context.
Office unit featuring fenced-in parking for tenant and visitor use. The space measures 840 square feet, making it well-suited for smaller office needs where efficient operations and manageable footprint matter.
Set near the I-30/I-630 interchange, the location supports quick and easy access to nearby destinations and downtown-adjacent neighborhoods. The property is also near the new Arkansas Museum of Fine Arts and the UALR William H Bowen School of Law, placing it within a convenient daytime corridor.
For businesses looking for an office unit in a central Little Rock access zone, the combination of fenced parking and proximity to major routes and nearby institutions can help support everyday customer and staff logistics.
Set near the I-30/I-630 interchange, the location supports quick and easy access to nearby destinations and downtown-adjacent neighborhoods. The property is also near the new Arkansas Museum of Fine Arts and the UALR William H Bowen School of Law, placing it within a convenient daytime corridor.
For businesses looking for an office unit in a central Little Rock access zone, the combination of fenced parking and proximity to major routes and nearby institutions can help support everyday customer and staff logistics.
Key Highlights
- Fenced‑in parking
- Near the I‑30/I‑630 interchange
- Close to the new Arkansas Museum of Fine Arts
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
$7,998
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
8.00%
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%
$159,960
$160.0K
Cap Rate 7%
$114,257
$114.3K
Cap Rate 9%
$88,867
$88.9K
Market Conditions
NOI Build-Up for 840 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
$12.0K $14.28/SF
− Vacancy
−$1.3K −$1.59/SF
EGI
$10.7K $12.69/SF
− OpEx
−$2.7K −$3.17/SF
NOI
$8.0K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
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%
$159,960
Cap Rate 7%
$114,257
Cap Rate 9%
$88,867
Alternative Uses
Best Use
Office B
$114.3K
$100.0K – $133.3K
NOI $7,998 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$152.6K
$133.5K – $178.0K
NOI $10,682 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office unit with fenced-in parking and quick access to I-30/I-630 and downtown Little Rock areas.
Where is this office units located?
The property is located at 700 E 9th St Little Rock, AR.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Fenced‑in parking; Near the I‑30/I‑630 interchange; Close to the new Arkansas Museum of Fine Arts
