Flex Office-Warehouse Investment
For Sale
Contact for pricing
7000 Crystal Hill Rd, North Little Rock, AR 72118
6,360 SF flex building on 0.74 acres for sale.
Property Size6,360 SF
Lot Size0.74 Acres
Price / SF$133.65
Days on Market205
Property Features for 7000 Crystal Hill Rd
General Information
Standard status
Active
Size
6,360 SF
Class
B
Lot size
0.74 Acres
Property subtype
Industrial, Mixed Use, Office
Zoning
C-3
Occupancy
50%
Building Details
Year Built
2013
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
RPM Group
(501) 916-8253
Listed By:
Mark Bingman · License #AR EB00035325
Source:
Crexi
Added: Jan 27
Changed: Aug 14
Last Checked: Aug 19 at 11:04AM
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 RPM Group
Investment Insights
Based on property information with market context.
This flex office-warehouse property offers a 6,360 square foot building on a 0.74-acre lot. The property benefits from high visibility along Crystal Hill Road and convenient access to I-40 and I-430. The building is partially leased with two income-producing tenants, providing immediate rental income. Suites 2 and 3, totaling approximately 3,200 square feet, are currently vacant and available for lease, presenting an opportunity for an owner/user, additional income generation, or a tenant seeking quality flex space. The entire building is available for sale, presenting a compelling investment with in-place income and lease-up potential. The property features a sprinkler system and a flexible layout suited for a variety of office, warehouse, and service-oriented uses.
Key Highlights
- Prime flex office–warehouse building with strong visibility and convenient access to I‑40 and I‑430.
- Opportunity for owner/user or investor with immediate rental income from existing tenants.
- Approximately 3,200 SF of vacant suites available for lease, offering income generation potential.
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
$38,622
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
4.54%
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%
$772,440
$772.4K
Cap Rate 7%
$551,743
$551.7K
Cap Rate 9%
$429,133
$429.1K
Market Conditions
NOI Build-Up for 6,360 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
$63.3K $9.96/SF
− Vacancy
−$3.9K −$0.62/SF
EGI
$59.4K $9.34/SF
− OpEx
−$20.8K −$3.27/SF
NOI
$38.6K $6.07/SF
Area
Pulaski County, AR
Vacancy
6.20%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$772,440
Cap Rate 7%
$551,743
Cap Rate 9%
$429,133
Alternative Uses
Best Use
Flex RnD
$551.7K
$482.8K – $643.7K
NOI $38,622 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$399.4K
$349.5K – $466.0K
NOI $27,958 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,922 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
61
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72118, AR
22,582
Population
10,823
Households
2.1
Avg Household Size
37
Median Age
20%
College-Educated
88%
High-School Grad
27.6 sq mi
ZIP Area
818
Density / Sq Mi
$47,266
Median Household Income
$35,608
Median Earnings
$978
Median Rent
$115,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- ShoBo's Kitchen — 7805 Kampground Way, North Little Rock, AR 72118
- Black Swan Catering Company — 7805 Kampground Way, North Little Rock, AR 72118
Frequently Asked Questions
What type of property is this?
Flex space - 6,360 SF flex building on 0.74 acres for sale.
Where is this flex space located?
The property is located at 7000 Crystal Hill Rd North Little Rock, AR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime flex office–warehouse building with strong visibility and convenient access to I‑40 and I‑430.; Opportunity for owner/user or investor with immediate rental income from existing tenants.; Approximately 3,200 SF of vacant suites available for lease, offering income generation potential.
