Main St & E 19th St, Little Rock, AR
Occupied retail building with excess land for future development.
- Added:
- Feb 25, 2025
- Days on Market:
- 474
- Last Refresh:
- May 20 at 9:38 pm
Property Features for Main St & E 19th St
General Information
- Standard status
- Active
- Size
- 9,050 SF
- Lot size
- 1.41 Acres
- Property subtype
- RETAIL
Listing agent Casi Runnells License #SA00073590 (501) 912-0025
Listing office Colliers - Little Rock (501) 912-0025
Listing date Feb 25, 2025
Source Moodyscre
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
HighLights
- 100% Occupied Building: Provides immediate income stream.
- Excess Land for Future Development: Approximately half an acre on a corner lot offers development potential.
- High Visibility on Main Street: Corner lot provides excellent frontage and exposure.
- Located Near Growing South Main Neighborhood: Benefit from the area's increasing popularity.
- Investment Opportunity: Positioned as a desirable purchase.
- Building and Land: Acquisition of both a revenue‑generating building and a valuable land asset.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $154.2k | $17.04 |
| − Vacancy | −$9.3k | −$1.02 |
| EGI | $145.0k | $16.02 |
| − OpEx | −$43.5k | −$4.81 |
| NOI | $101.5k | $11.21 |
Alternative Uses
Current Use by Public Records
Map
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.2742
- Latitude
- 34.7307
