Office Space in Quapaw
For Sale
$72,500
700 E 9th Street, Little Rock, AR 72202
SINGLE_FAMILY - Little Rock, AR
Property Size662 SF
Price / SF$109.52
Days on Market400
Property Features for 700 E 9th Street
General Information
Property type
Residential
Property subtype
Office
Security features
Security
Interior features
Sprinkler, Elevator
Exterior features
Fully Fenced, Landscaping, Security
Fencing
Full
Accessibility
Accessible Elevator Installed
Lot features
Level
Directions
off of 7th Street
Subdivision
Little Rock
Standard status
Active
Size
662 SF
Taxes and HOA fees
Tax Description
QUAPAW TOWERS HPR APT 1A
Tax Annual Amount
580
Legal Description
QUAPAW TOWERS HPR APT 1A
Building Details
Year built
1963
Listing Agency:
The Mike Rushin Co. Inc.
(501) 663-3419
Listed By:
Michael Rushin Jr.
(501) 351-4540
Added: Jul 8, 2025
Changed: May 21
Last Checked: Aug 11 at 9:06PM
MLS# 25026798
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 commercial real estate offers office space located in Little Rock, Arkansas. The property, situated in Quapaw Towers, encompasses 662 square feet. It is located in Pulaski County, with the postal code 72202.
Key Highlights
- Office space available in Quapaw Towers
- Enjoy convenient elevator access
- Enhanced security features for peace of mind
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
$6,303
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%
$126,060
$126.1K
Cap Rate 7%
$90,043
$90.0K
Cap Rate 9%
$70,033
$70.0K
Market Conditions
NOI Build-Up for 662 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
$9.5K $14.28/SF
− Vacancy
−$1.0K −$1.59/SF
EGI
$8.4K $12.69/SF
− OpEx
−$2.1K −$3.17/SF
NOI
$6.3K $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%
$126,060
Cap Rate 7%
$90,043
Cap Rate 9%
$70,033
Alternative Uses
Best Use
Office B
$90.0K
$78.8K – $105.1K
NOI $6,303 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$120.3K
$105.2K – $140.3K
NOI $8,418 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,927
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office space available for sale in Little Rock, Arkansas.
Where is this office units located?
The property is located at 700 E 9th Street Little Rock, AR.
What is the asking price?
The asking price for this property is $72,500.
What are key features of this property?
This property features: Office space available in Quapaw Towers; Enjoy convenient elevator access; Enhanced security features for peace of mind
