Property profile

5101 Locust St North Little Rock, AR 72116

OFF-MARKET
Office Spaces
5,920 SF 0.73 ac lot Built 1965
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Property summary

AI-generated overview

This single-story, 5,920-square-foot freestanding office building is available for purchase at $425,000. Located at 5101 N. Locust Street in North Little Rock, Arkansas, this property sits on a 0.73-acre lot and boasts a convenient location along McCain Boulevard, experiencing approximately 10,000 vehicles daily. Built in 1965, the building is classified as Class C and is currently vacant, presenting a blank canvas for a new tenant. The C-2 zoning allows for a variety of business uses, offering flexibility for potential buyers. The asking price equates to $72 per square foot. This presents a compelling opportunity for businesses seeking a functional space in a high-traffic area of North Little Rock, Pulaski County, Arkansas, zip code 72116. The property offers ample space and excellent visibility, making it an ideal location for establishing or expanding a business. The building's single-story design provides easy accessibility.

Property profile

Verified
Property type Office Spaces
Year built 1965
Total area 5,920 SF
Lot 0.73 ac (31,799 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Volunteer Organization Community Center

Location

5101 Locust St North Little Rock, AR 72116
North Little Rock metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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