Industrial Property with
For Sale
$650,000
7414 MacArthur Drive, North Little Rock, AR 72118
Commercial / Industrial, North Little Rock, AR
Property Size4,392 SF
Lot Size2.42 Acres
Price / SF$147
Days on Market51
Property Features for 7414 MacArthur Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Directions
Going West on I 40 Take Burns Park Exit Make a Right go to MacArthur Dr at the Light make a left turn on MacArthur Dr Go to 7414 MacArthur Dr Property will be on the right.
Subdivision
NORTH LITTLE ROCK (WEST/CRYSTAL
Standard status
Active
Size
4,392 SF
Lot size
2.42 Acres
Taxes and HOA fees
Tax Description
08-2N-12W MEADOWLANE ACRES
Tax Annual Amount
3148
Legal Description
08-2N-12W MEADOWLANE ACRES
Building Details
Year built
2000
Floors in Building
1
Listing Agency:
Keller Williams Realty
(501) 907-5959
Listed By:
Julie Ross
(501) 607-1333
Added: Aug 7
Changed: Aug 19
Last Checked: Sep 26 at 3:06AM
MLS# 26032589
Copyright © 2026 Cooperative Arkansas Realtors Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial property includes existing buildings totaling 4,392 square feet together with approximately 2.42 acres of land. The improvements were constructed in 2000, offering a defined building component within a larger parcel. The property is located at 7414 MacArthur Drive in North Little Rock, Arkansas, within Pulaski County and the 72118 postal area. The sale includes both the buildings and land, providing a combined industrial real estate asset rather than a standalone structure or vacant parcel.
Key Highlights
- 4,392 square feet of existing industrial buildings
- 2.42 acres more or less of land
- Buildings constructed in 2000
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
$19,307
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
2.97%
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%
$386,140
$386.1K
Cap Rate 7%
$275,814
$275.8K
Cap Rate 9%
$214,522
$214.5K
Market Conditions
NOI Build-Up for 4,392 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
$29.0K $6.60/SF
− Vacancy
−$1.4K −$0.32/SF
EGI
$27.6K $6.28/SF
− OpEx
−$8.3K −$1.88/SF
NOI
$19.3K $4.40/SF
Area
Pulaski County, AR
Vacancy
4.85%
Lease Rate
$6.60 /SF/Yr
Expense Ratio
30.00%
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%
$386,140
Cap Rate 7%
$275,814
Cap Rate 9%
$214,522
Alternative Uses
Best Use
Industrial
$275.8K
$241.3K – $321.8K
NOI $19,307 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$837.8K
$733.1K – $977.4K
NOI $58,645 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
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
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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?
Industrial property - Existing industrial buildings accompany a substantial land component in North Little Rock.
Where is this industrial property located?
The property is located at 7414 MacArthur Drive North Little Rock, AR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 4,392 square feet of existing industrial buildings; 2.42 acres more or less of land; Buildings constructed in 2000
