Renovated Flex Space with Grade-Level
For Sale
Contact for pricing
710 Dixie St, North Little Rock, AR 72114
Completely renovated flex space with grade-level loading, private offices, conference room, and outside storage.
Property Size10,416 SF
Price / SF$76.80
Days on Market1022
Property Features for 710 Dixie St
General Information
Standard status
Active
Size
10,416 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Building Details
Year Renovated
2020
Listing Agency:
CBRE Fayetteville
(214) 577-0711
Listed By:
William Callahan
(214) 577-0711
Source:
Moodyscre
Added: Nov 3, 2023
Changed: Aug 14
Last Checked: Aug 19 at 8:49AM
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 completely renovated flex space was formerly the Tree of Life Seeds facility and offers a mix of office and operational improvements. The interior includes nine private offices, a conference room, kitchen, and IT room, along with an on-site vault. The facility also features grade-level loading and an outside storage area to support day-to-day logistics and overflow needs.
The property is located in close proximity to US Hwy 70, providing straightforward regional access for employees and visitors.
With its renovated office build-out and practical loading/storage features, the space is well suited for tenants who need both workspace and light operational support in one location.
The property is located in close proximity to US Hwy 70, providing straightforward regional access for employees and visitors.
With its renovated office build-out and practical loading/storage features, the space is well suited for tenants who need both workspace and light operational support in one location.
Key Highlights
- Completely renovated in 2020
- 10,416 SF flex space with office and operational improvements
- Nine private offices plus conference room, kitchen, and IT room
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
$63,252
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
7.91%
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%
$1,265,040
$1.3M
Cap Rate 7%
$903,600
$903.6K
Cap Rate 9%
$702,800
$702.8K
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
$103.7K $9.96/SF
− Vacancy
−$6.4K −$0.62/SF
EGI
$97.3K $9.34/SF
− OpEx
−$34.1K −$3.27/SF
NOI
$63.3K $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%
$1,265,040
Cap Rate 7%
$903,600
Cap Rate 9%
$702,800
Alternative Uses
Best Use
Flex RnD
$903.6K
$790.7K – $1.05M
NOI $63,252 @ 7.0% cap · market cap 7.91%
Second Best
Warehouse
$794.3K
$695.0K – $926.7K
NOI $55,600 @ 7.0% cap · market cap 6.95%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72114, AR
10,957
Population
6,733
Households
1.6
Avg Household Size
38
Median Age
19%
College-Educated
84%
High-School Grad
7.7 sq mi
ZIP Area
1,423
Density / Sq Mi
$28,594
Median Household Income
$27,564
Median Earnings
$781
Median Rent
$87,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Completely renovated flex space with grade-level loading, private offices, conference room, and outside storage.
Where is this flex space 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; 10,416 SF flex space with office and operational improvements; Nine private offices plus conference room, kitchen, and IT room
