Office Unit For
For Sale
Contact for pricing
13503 Kanis Road, Little Rock, AR 72211
Office unit available for purchase, totaling 1,650 square feet.
Property Size1,650 SF
Price / SF$237.50
Days on Market1676
Property Features for 13503 Kanis Road
General Information
Standard status
Active
Size
1,650 SF
Class
B
Property subtype
Office
Zoning
POD with O-1 uses
Building Details
Year Built
1960
Tenancy
Single
Listing Agency:
Hathaway Group
Listed By:
Wes Martin · License #AR SA00073514
(501) 978-4971
Source:
Crexi
Added: Mar 5, 2022
Changed: Sep 27
Last Checked: Oct 5 at 3:08PM
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 Hathaway Group
Investment Insights
Based on property information with market context.
This commercial property, suitable for office use, offers 1,650 square feet of space and is available for purchase.
Key Highlights
- For sale
- Year built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,710
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,200
$314.2K
Cap Rate 7%
$224,429
$224.4K
Cap Rate 9%
$174,556
$174.6K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$23.6K $14.28/SF
− Vacancy
−$2.6K −$1.59/SF
EGI
$20.9K $12.69/SF
− OpEx
−$5.2K −$3.17/SF
NOI
$15.7K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,200
Cap Rate 7%
$224,429
Cap Rate 9%
$174,556
Alternative Uses
Best Use
Office B
$224.4K
$196.4K – $261.8K
NOI $15,710 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$299.7K
$262.3K – $349.7K
NOI $20,982 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office unit available for purchase, totaling 1,650 square feet.
Where is this office units located?
The property is located at 13503 Kanis Road Little Rock, AR.
What is the asking price?
The asking price for this property is $391,875.
What are key features of this property?
This property features: For sale; Year built: 1960
