Flex Space with Roll-Up
For Sale
$1,150,000
900 W 7th, Little Rock, AR 72201
Mixed office and warehouse configuration with on-site parking and downtown access.
Property Size10,000 SF
Price / SF$115
Days on Market31
Property Features for 900 W 7th
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
26
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
1,400 SF
Office Build-Out
5,000 SF
Building Details
Year Built
1985
Listing Agency:
Haybar Realty
(501) 766-5155
Listed By:
Ashley Fondren · License #SA00091956
Source:
Themoverealty
Added: Jul 30
Changed: Aug 28
Last Checked: Aug 25 at 5:43AM
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 Haybar Realty
Investment Insights
Based on property information with market context.
This 10,000-square-foot flex property combines approximately 5,000 square feet of office area with another 5,000 square feet arranged as open floor space. Approximately 1,400 square feet is dedicated to warehouse use, supported by two automatic roll-up doors. The building was constructed in 1985 and includes approximately 26 parking spaces, with additional parking available along the street.
Located at the corner of 7th and Izard Street in downtown Little Rock, the property records approximately 12,000± VPD on 7th Street. It is near the Arkansas State Capitol and River Market, with dining and entertainment nearby. Access to the I-630 and I-30 corridors is available via Chester Street.
Located at the corner of 7th and Izard Street in downtown Little Rock, the property records approximately 12,000± VPD on 7th Street. It is near the Arkansas State Capitol and River Market, with dining and entertainment nearby. Access to the I-630 and I-30 corridors is available via Chester Street.
Key Highlights
- 10,000 total s/f with 5,000 s/f of offices and 5,000 s/f of open floor plan
- Approximately 1,400 s/f of warehouse space with 2 automatic roll up doors
- Approximately 26 parking spaces plus additional street parking
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
$95,212
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
8.28%
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%
$1,904,240
$1.9M
Cap Rate 7%
$1,360,171
$1.4M
Cap Rate 9%
$1,057,911
$1.1M
Market Conditions
NOI Build-Up for 10,000 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
$142.8K $14.28/SF
− Vacancy
−$15.9K −$1.59/SF
EGI
$126.9K $12.69/SF
− OpEx
−$31.7K −$3.17/SF
NOI
$95.2K $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 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%
$1,904,240
Cap Rate 7%
$1,360,171
Cap Rate 9%
$1,057,911
Alternative Uses
Best Use
Office B
$1.36M
$1.19M – $1.59M
NOI $95,212 @ 7.0% cap · market cap 8.28%
Second Best
Flex RnD
$1.08M
$949.1K – $1.27M
NOI $75,928 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,163 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,994
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rx Catering — 921 W Capitol Ave, Little Rock, AR 72201
- Legacy Bistro & Bar — 625 W Capitol Ave, Little Rock, AR 72201
- The Middle Matters — Little Rock, AR 72201
- Two Sisters Uptown — 201 N Izard St, Little Rock, AR 72201
- Adams Catfish Express & Catering — 215 N Cross St, Little Rock, AR 72201
Frequently Asked Questions
What type of property is this?
Flex space - Mixed office and warehouse configuration with on-site parking and downtown access.
Where is this flex space located?
The property is located at 900 W 7th Little Rock, AR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 10,000 total s/f with 5,000 s/f of offices and 5,000 s/f of open floor plan; Approximately 1,400 s/f of warehouse space with 2 automatic roll up doors; Approximately 26 parking spaces plus additional street parking
