Mixed-Use Event and Workshop
For Sale
$1,200,000
700 Russenberger Road, Little Rock, AR 72206
Multiple buildings on 8.15 acres support an event center, office space, a two-bay workshop, and a 10-stall horse barn.
Property Size11,290 SF
Lot Size8.15 Acres
Price / SF$106.29
Days on Market260
Property Features for 700 Russenberger Road
General Information
Standard status
Active
Size
11,290 SF
Lot size
8.15 Acres
Property subtype
Commercial
Additional Details
Drive-In Doors
2
Building Details
Building Size
12,090 SF
Year Built
2001
Listing Agency:
Access Realty, Inc.
(501) 240-9172
Listed By:
Rocky Herman
(501) 240-9172
Source:
Jcthornton
Added: Nov 12, 2025
Changed: Jul 26
Last Checked: Jul 30 at 12:12PM
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 Access Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes four buildings currently used as an event center, totaling 4,000 square feet, along with an office building (2,290 square feet). Additional improvements feature a 2,900-square-foot mechanic’s workshop with two (2) bay doors and a 2,100-square-foot horse barn with 10 stalls that can be converted to storage space.
The site is located in a central Pulaski County area and totals 8.15 acres. It offers an arrangement of commercial, industrial, and entertainment facilities under one ownership.
For buyers seeking a combined event and working-improvement setup, the property’s existing building mix provides on-site space for office use, workshop operations, and event programming, alongside the barn area that may be repurposed for storage.
The site is located in a central Pulaski County area and totals 8.15 acres. It offers an arrangement of commercial, industrial, and entertainment facilities under one ownership.
For buyers seeking a combined event and working-improvement setup, the property’s existing building mix provides on-site space for office use, workshop operations, and event programming, alongside the barn area that may be repurposed for storage.
Key Highlights
- Mixed‑use site on 8.15 acres in a central Pulaski County area
- 4 buildings totaling uses including an event center (4,000 SF) and an office building (2,290 SF)
- 2,900 SF mechanic’s workshop with two (2) bay doors
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.2k | $14.28 |
| − Vacancy | −$17.9k | −$1.59 |
| EGI | $143.3k | $12.69 |
| − OpEx | −$35.8k | −$3.17 |
| NOI | $107.5k | $9.52 |
11,290 SF · lease $14.28/SF/yr · vacancy 11.10% · expense 25.00%
Alternative Uses
Best Use
Mixed Use
$1.60M
$1.40M – $1.87M
NOI $112,161 @ 7.0% cap · market cap 9.35%
Second Best
Office B
$1.54M
$1.34M – $1.79M
NOI $107,494 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,567 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 72206, AR
22,974
Population
10,080
Households
2.3
Avg Household Size
43
Median Age
20%
College-Educated
87%
High-School Grad
111.6 sq mi
ZIP Area
206
Density / Sq Mi
$49,145
Median Household Income
$35,157
Median Earnings
$910
Median Rent
$132,100
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?
Mixed-use property - Multiple buildings on 8.15 acres support an event center, office space, a two-bay workshop, and a 10-stall horse barn.
Where is this mixed-use property located?
The property is located at 700 Russenberger Road Little Rock, AR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Mixed‑use site on 8.15 acres in a central Pulaski County area; 4 buildings totaling uses including an event center (4,000 SF) and an office building (2,290 SF); 2,900 SF mechanic’s workshop with two (2) bay doors
