Renovated Flex Space with
For Sale
$614,439
710 Dixie Street, North Little Rock, AR 72114
Renovated flex space with warehouse and outside storage.
Property Size10,416 SF
Lot Size1.10 Acres
Price / SF$58.99
Days on Market139
Property Features for 710 Dixie Street
General Information
Standard status
Active
Size
10,416 SF
Lot size
1.10 Acres
Property subtype
Industrial
Listing Agency:
CBRE Fayetteville
(501) 370-2952
Listed By:
William Callahan
(501) 370-2952
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 9 at 4:13PM
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 property features a 10,416-square-foot building on a 1.10-acre lot. The facility was completely renovated in 2020 and formerly served as the Tree of Life Seeds Facility. The layout includes 9 private offices, a conference room, a kitchen, and an IT room. A vault is located on-site. The property also includes a 3,500-square-foot warehouse with grade-level loading and an outside storage area. The location offers close proximity to US Highway 70.
Key Highlights
- Completely renovated in 2020
- 3,500± SF warehouse with grade‑level loading
- 10,416± SF facility on 1.10± acres
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
9.05%
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
Flex RnD
$903.6K
$790.7K – $1.05M
NOI $63,252 @ 7.0% cap · market cap 10.29%
Second Best
Warehouse
$794.3K
$695.0K – $926.7K
NOI $55,600 @ 7.0% cap · market cap 9.05%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,080 @ 7.0% cap · market cap 22.64%
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
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 - Renovated flex space with warehouse and outside storage.
Where is this flex space located?
The property is located at 710 Dixie Street North Little Rock, AR.
What is the asking price?
The asking price for this property is $614,439.
What are key features of this property?
This property features: Completely renovated in 2020; 3,500± SF warehouse with grade‑level loading; 10,416± SF facility on 1.10± acres
