8410 Counts Massie Rd North Little Rock, AR 72113
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High-yield office investment, 15,000 SF
Property size:
15,000 SFProperty 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
Listing Agency: The Ashley Company Listing Agent: Roger Cole
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Craft Veach & Co
Tax Preparation
Location Insight
- Map
- Local Demand
- City
- North Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.382251796309
- Latitude
- 34.840304361588
Nearby Similar for Sale
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.
