Mixed-Use Property with Four
For Sale
$1,200,000
700 Russenberger Road, Little Rock, AR 72206
Four-building commercial site combining event, office, workshop, and barn facilities.
Property Size12,090 SF
Lot Size8.15 Acres
Days on Market272
Property Features for 700 Russenberger Road
General Information
Standard status
Active
Size
12,090 SF
Total Parking Spaces
40
Lot size
8.15 Acres
Property subtype
Commercial
Building Details
Building Size
12,090 SF
Year Built
2001
Buildings
4
Stories
1
Listing Agency:
Access Realty, Inc.
(501) 240-9172
Listed By:
Rocky Herman
(501) 240-9172
Source:
Proeliterealty
Added: Nov 12, 2025
Changed: Aug 10
Last Checked: Aug 11 at 1:15PM
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 occupies 8.15 acres in Pulaski County and includes four separate buildings serving commercial, industrial, event, and equestrian functions. The improvements include a 4,000-square-foot event center, a 2,290-square-foot office building, and a 2,900-square-foot mechanic’s workshop equipped with two bay doors. A 2,100-square-foot horse barn with 10 stalls completes the site and may be converted to storage space.
Built in 2001, the property is located at 700 Russenberger Road in Little Rock. Its varied building composition supports a combination of existing operational uses within one commercial setting, including event activities, office functions, mechanical work, and barn space.
Built in 2001, the property is located at 700 Russenberger Road in Little Rock. Its varied building composition supports a combination of existing operational uses within one commercial setting, including event activities, office functions, mechanical work, and barn space.
Key Highlights
- 8.15‑acre mixed‑use site with four buildings
- 4,000 SF event center
- 2,290 SF office building
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
$45,440
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
3.79%
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%
$908,800
$908.8K
Cap Rate 7%
$649,143
$649.1K
Cap Rate 9%
$504,889
$504.9K
Market Conditions
NOI Build-Up for 12,090 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
$68.2K $5.64/SF
− Vacancy
−$3.3K −$0.27/SF
EGI
$64.9K $5.37/SF
− OpEx
−$19.5K −$1.61/SF
NOI
$45.4K $3.76/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /SF/Yr
Expense Ratio
30.00%
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%
$908,800
Cap Rate 7%
$649,143
Cap Rate 9%
$504,889
Alternative Uses
Best Use
Retail
$1.94M
$1.69M – $2.26M
NOI $135,557 @ 7.0% cap · market cap 11.30%
Second Best
Mixed Use
$1.72M
$1.50M – $2.00M
NOI $120,109 @ 7.0% cap · market cap 10.01%
Theoretical Best
Office A
$2.20M
$1.92M – $2.56M
NOI $153,740 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - Four-building commercial site combining event, office, workshop, and barn facilities.
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: 8.15‑acre mixed‑use site with four buildings; 4,000 SF event center; 2,290 SF office building
