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    650 Shackleford Rd Little Rock, AR 72211

    Sponsored
    For Lease
    $20 SF/Yr

    Class A Office Suites, 95-9,269 SF

    Lot size:
    157,992 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This Little Rock, Arkansas office building, located at 650 S Shackleford Rd, zip code 72211, offers a variety of professional office spaces for lease. The property, a Class A building constructed in 1979, boasts a total of 157,992 square feet and is situated in Pulaski County. Multiple tenancy options are available, with spaces ranging from a minimum of 95 square feet to a maximum contiguous space of 9,269 square feet. Currently, 10,011 square feet of space is vacant. Several suites are immediately available, including approximately 3,125 RSF (Suite 124), 3,048 RSF (Suite 217), 1,271 RSF (Suite 227), 1,540 RSF (Suite 230), 2,490 RSF (Suite 241), 727 RSF (Suite 311), 2,809 RSF (Suite 323), 2,295 RSF (Suite 325), and 448 RSF (Suite 425). This property is ideal for businesses seeking flexible and modern office solutions in a prime Little Rock location. The building offers both traditional and executive office space options, catering to a wide range of business needs and sizes. Inquire today to learn more about leasing opportunities and available suite configurations.

    Property Features for 650 Shackleford Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    157,992 SF
    Class
    A
    Total Rate
    263320

    Building Details

    Year Built
    1979

    Unit(s) available at that property

    Space
    Suite 227
    Size
    1,271 SF
    Rate per SF
    $20
    Space
    Suite 230
    Size
    1,540 SF
    Rate per SF
    $20
    Space
    Suite 124
    Size
    3,125 SF
    Rate per SF
    $20
    Space
    Suite 217
    Size
    3,048 SF
    Rate per SF
    $20
    Space
    Suite 241
    Size
    2,490 SF
    Rate per SF
    $20
    Space
    Suite 311
    Size
    727 SF
    Rate per SF
    $20
    Space
    Suite 323
    Size
    2,809 SF
    Rate per SF
    $20
    Space
    Suite 325
    Size
    2,295 SF
    Rate per SF
    $20
    Space
    Suite 425
    Size
    448 SF
    Rate per SF
    $20

    HighLights

    • 4% Broker Co‑op!
    • Newly managed, attractive West Little Rock office building.
    • Class A office suites available.
    • Prime location at I‑430/I‑630 interchange.
    • Abundant surface and underground parking.
    • On‑site banking services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cobb Michael L Accountant Eagle Bank Mortgage: ... Mortgage Broker Daniel Ed Attorney Community First Trust Bank Comfort Systems USA ... Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3949132
    Latitude
    34.7475127

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, 95-9,269 SF
    Where is this office property / space located?
    The property is located at 650 Shackleford Rd Little Rock, AR.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 4% Broker Co-op!; Newly managed, attractive West Little Rock office building.; Class A office suites available.
    Request Owner's contact information
    650 Shackleford Rd Little Rock, AR 72211
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    Little Rock, AR 72211
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    650 Shackleford Rd Little Rock, AR 72211
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