Mixed-Use Property with Four
For Sale
$1,200,000
700 Russenberger Road, Little Rock, AR 72206
Multiple commercial, industrial, and entertainment improvements occupy the site.
Property Size12,090 SF
Lot Size8.15 Acres
Price / SF$99.26
Days on Market49
Property Features for 700 Russenberger Road
General Information
Standard status
Active
Size
12,090 SF
Lot size
8.15 Acres
Property subtype
Commercial / Industrial
Building Details
Buildings
4
Listing Agency:
Access Realty, Inc.
(501) 228-0018
Listed By:
Rocky Herman
(501) 240-9172
Source:
Arprorealty
Added: Sep 1
Changed: Oct 13
Last Checked: Oct 19 at 6:36AM
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.
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Investment Insights
Based on property information with market context.
This mixed-use property spans 8.15 acres and includes four buildings serving distinct commercial and operational functions. 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 with two bay doors. A 2,100-square-foot horse barn with 10 stalls provides an additional enclosed structure and can be converted to storage space.
The property is located at 700 Russenberger Road in Little Rock’s Pulaski County area. Its combination of event, office, mechanical, and barn facilities creates a varied commercial setting within one site.
The property is located at 700 Russenberger Road in Little Rock’s Pulaski County area. Its combination of event, office, mechanical, and barn facilities creates a varied commercial setting within one site.
Key Highlights
- 8.15‑acre mixed‑use site in Pulaski County
- Four buildings totaling 12,090 SF
- 4,000 SF event center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,440
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple commercial, industrial, and entertainment improvements occupy the site.
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 in Pulaski County; Four buildings totaling 12,090 SF; 4,000 SF event center
