Mixed-Use Industrial
For Sale
Contact for pricing
714 Calhoun Street, Little Rock, AR 72202
Multiple warehouse, office, and storage improvements support manufacturing, distribution, and owner-user operations.
Property Size25,440 SF
Lot Size4.54 Acres
Price / SF$117.92
Days on Market9
Property Features for 714 Calhoun Street
General Information
Standard status
Active
Size
25,440 SF
Lot size
4.54 Acres
Property subtype
Industrial, Mixed Use
Additional Details
Road Access
Yes
Office Build-Out
1,500 SF
Listing Agency:
RPM Group
Listed By:
John Lindsey · License #SA00094506
(501) 230-6233
Source:
Crexi
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 9 at 3:31PM
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 mixed-use industrial property comprises approximately 4.54 acres with about 25,440 SF of warehouse, office, and storage improvements. The primary building contains a 13,120 SF warehouse and approximately 1,500 SF of office space. A separate 13,440 SF structure provides additional warehouse and storage capacity, while a 2,400 red iron covered area adds sheltered operational space.
The property is positioned at 714 Calhoun Street and 2401 9th Street, with a gated entrance on 8th Street. Calhoun Street separates the site from Little Rock National Airport to the east, while a small city park and the airport’s approximately 25-acre parcel lie to the north along the Arkansas River. The configuration supports manufacturing, distribution, warehousing, storage, or owner-user occupancy.
The property is positioned at 714 Calhoun Street and 2401 9th Street, with a gated entrance on 8th Street. Calhoun Street separates the site from Little Rock National Airport to the east, while a small city park and the airport’s approximately 25-acre parcel lie to the north along the Arkansas River. The configuration supports manufacturing, distribution, warehousing, storage, or owner-user occupancy.
Key Highlights
- Approximately 4.54‑acre industrial property in Little Rock
- Approximately 25,440 SF of warehouse, office, and storage improvements
- 13,120 SF warehouse with approximately 1,500 SF of office space
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
$252,736
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
8.42%
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%
$5,054,720
$5.1M
Cap Rate 7%
$3,610,514
$3.6M
Cap Rate 9%
$2,808,178
$2.8M
Market Conditions
NOI Build-Up for 25,440 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
$454.9K $17.88/SF
− Vacancy
−$50.5K −$1.98/SF
EGI
$404.4K $15.90/SF
− OpEx
−$151.6K −$5.96/SF
NOI
$252.7K $9.93/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
37.50%
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%
$5,054,720
Cap Rate 7%
$3,610,514
Cap Rate 9%
$2,808,178
Alternative Uses
Best Use
Mixed Use
$3.61M
$3.16M – $4.21M
NOI $252,736 @ 7.0% cap · market cap 8.42%
Second Best
Warehouse
$1.66M
$1.45M – $1.94M
NOI $116,105 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$4.62M
$4.04M – $5.39M
NOI $323,502 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
Demographics for 72202, AR
10,340
Population
7,403
Households
1.4
Avg Household Size
37
Median Age
49%
College-Educated
93%
High-School Grad
7.1 sq mi
ZIP Area
1,456
Density / Sq Mi
$54,167
Median Household Income
$42,981
Median Earnings
$1,040
Median Rent
$246,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple warehouse, office, and storage improvements support manufacturing, distribution, and owner-user operations.
Where is this mixed-use property located?
The property is located at 714 Calhoun Street Little Rock, AR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Approximately 4.54‑acre industrial property in Little Rock; Approximately 25,440 SF of warehouse, office, and storage improvements; 13,120 SF warehouse with approximately 1,500 SF of office space
