Renovated Industrial Facility For
For Sale
Contact for pricing
710 Dixie St, North Little Rock, AR
Renovated industrial facility with offices, loading, and storage.
Property Size10,416 SF
Lot Size0.88 Acres
Price / SF$76.80
Days on Market1022
Property Features for 710 Dixie St
General Information
Standard status
Active
Size
10,416 SF
Lot size
0.88 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE Fayetteville
(214) 577-0711
Listed By:
William Callahan
(214) 577-0711
Source:
Moodyscre
Added: Nov 3, 2023
Changed: Aug 8
Last Checked: Aug 8 at 5:13AM
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 CBRE Fayetteville
Investment Insights
Based on property information with market context.
This industrial property, formerly a Tree of Life Seeds facility, was completely renovated in 2020. The property features 9 private offices, a conference room, a kitchen, and an IT room. A vault is located on-site. The building provides grade-level loading and an outside storage area. The property is in close proximity to US Highway 70. The property size is 10416 square feet.
Key Highlights
- Completely renovated in 2020
- Features 9 private offices, conference room, kitchen, and IT room
- Close proximity to US Hwy 70
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
$55,600
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
6.95%
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%
$1,112,000
$1.1M
Cap Rate 7%
$794,286
$794.3K
Cap Rate 9%
$617,778
$617.8K
Market Conditions
NOI Build-Up for 10,416 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
$68.7K $6.60/SF
− Vacancy
−$3.3K −$0.32/SF
EGI
$65.4K $6.28/SF
− OpEx
−$9.8K −$0.94/SF
NOI
$55.6K $5.34/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
15.00%
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%
$1,112,000
Cap Rate 7%
$794,286
Cap Rate 9%
$617,778
Alternative Uses
Best Use
Warehouse
$794.3K
$695.0K – $926.7K
NOI $55,600 @ 7.0% cap · market cap 6.95%
Second Best
Industrial
$654.1K
$572.4K – $763.1K
NOI $45,788 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,080 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated industrial facility with offices, loading, and storage.
Where is this warehouse located?
The property is located at 710 Dixie St North Little Rock, AR.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Completely renovated in 2020; Features 9 private offices, conference room, kitchen, and IT room; Close proximity to US Hwy 70
