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    8410 Counts Massie Rd North Little Rock, AR 72113

    Sponsored
    For Sale
    $2,500,000

    High-yield office investment, 15,000 SF

    Property size:
    15,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional value-add opportunity presents a 15,000-square-foot, single-story Class B office building situated on a 5-acre lot in North Little Rock, Arkansas, at 8410 Counts Massie Rd, zip code 72113. Currently boasting 85% occupancy (as of January 17, 2023) with ten tenants, including prominent professionals such as CPA firms, financial advisors, and contractors, the property generates a current NOI of $100,000, representing a 4.00% cap rate. The building features eight units, including approximately 1,300 square feet of executive office suites, and is zoned C-3. A significant advantage is the inclusion of an additional 2.7 acres of land, presenting substantial potential for expansion, with a pro-forma NOI projected at $120,000 and a pro-forma cap rate of 4.80%. The asking price is $2,500,000, translating to $166.67 per square foot. The property is held under a partnership ownership and is offered for sale by owner. The lease type is modified, and tenant credit is not available. The net rentable square footage is 14,000 square feet. This property offers a compelling blend of immediate income and significant future development potential.

    Property Features for 8410 Counts Massie Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    15,000 SF
    Class
    B
    Lot Size
    217,800 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    8

    HighLights

    • $2,500,000 asking price for a value‑add office investment opportunity.
    • 15,000 square feet, 14,000 square feet net rentable, Class B office building in North Little Rock, AR.
    • Currently 85% occupied with 10 tenants, including professional services firms.
    • 4.00% current cap rate, 4.80% pro‑forma cap rate, with a $100,000 current NOI and $120,000 pro‑forma NOI.
    • Situated on a 5‑acre lot with an additional 2.7 acres of developable land, zoned C‑3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Craft Veach & Co Tax Preparation Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.382251796309
    Latitude
    34.840304361588

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    FAQs

    What type of property is this?
    Office Property / Space - High-yield office investment, 15,000 SF
    Where is this office property / space located?
    The property is located at 8410 Counts Massie Rd North Little Rock, AR.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a value-add office investment opportunity.; 15,000 square feet, 14,000 square feet net rentable, Class B office building in North Little Rock, AR.; Currently 85% occupied with 10 tenants, including professional services firms.
    (501) 352-2359
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    8410 Counts Massie Rd North Little Rock, AR 72113
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8410 Counts Massie Rd North Little Rock, AR 72113
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