Office/Warehouse with Fenced
For Sale
Contact for pricing
9809 Mann Road, Little Rock, AR 72103
Industrial office/warehouse includes a fully fenced, controlled-access yard with a security gate.
Property Size12,018 SF
Price / SF$56.58
Days on Market86
Property Features for 9809 Mann Road
General Information
Standard status
Active
Size
12,018 SF
Property subtype
Office, Industrial
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1977
Buildings
2
Listing Agency:
Colliers - Little Rock, Arkansas
Listed By:
Graham Gordon · License #SA 00095981
(501) 680-7220
Source:
Crexi
Added: Jun 18
Changed: Sep 2
Last Checked: Sep 11 at 5:41AM
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 Colliers - Little Rock, Arkansas
Investment Insights
Based on property information with market context.
The office/warehouse at 9809 Mann Road is being offered for sale as an industrial facility with a substantial outdoor yard area. The yard is fully fenced and includes a controlled-access security gate.
This configuration combines office space with warehouse operations, supported by dedicated outdoor staging or storage space behind the perimeter fencing.
The offering is listed for sale through Colliers | Arkansas.
This configuration combines office space with warehouse operations, supported by dedicated outdoor staging or storage space behind the perimeter fencing.
The offering is listed for sale through Colliers | Arkansas.
Key Highlights
- Office/warehouse industrial facility
- Fully fenced outdoor yard with controlled‑access security gate
- Year built: 1977
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
$54,849
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
8.07%
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%
$1,096,980
$1.1M
Cap Rate 7%
$783,557
$783.6K
Cap Rate 9%
$609,433
$609.4K
Market Conditions
NOI Build-Up for 12,018 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
$67.8K $5.64/SF
− Vacancy
−$3.3K −$0.27/SF
EGI
$64.5K $5.37/SF
− OpEx
−$9.7K −$0.81/SF
NOI
$54.8K $4.56/SF
Area
Little Rock, AR
Vacancy
4.80%
Lease Rate
$5.64 /SF/Yr
Expense Ratio
15.00%
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%
$1,096,980
Cap Rate 7%
$783,557
Cap Rate 9%
$609,433
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,251 @ 7.0% cap · market cap 13.42%
Second Best
Warehouse
$783.6K
$685.6K – $914.2K
NOI $54,849 @ 7.0% cap · market cap 8.07%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,824 @ 7.0% cap · market cap 22.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 72103, AR
13,739
Population
6,078
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
88%
High-School Grad
30.6 sq mi
ZIP Area
449
Density / Sq Mi
$61,967
Median Household Income
$42,345
Median Earnings
$912
Median Rent
$140,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial office/warehouse includes a fully fenced, controlled-access yard with a security gate.
Where is this flex space located?
The property is located at 9809 Mann Road Little Rock, AR.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Office/warehouse industrial facility; Fully fenced outdoor yard with controlled‑access security gate; Year built: 1977
