8410 Counts Massie Rd North Little Rock, AR 72113
- Office buildings
- 15,120 SF
- 4.58 lot acres
Current Use by Public Records
- Craft Veach & Co / Tax Preparation Service
Property Details for 8410 Counts Massie Rd
- Year built
- 2008
- Lot size
- 4.58 lot acres
- Property size
- 15,120 SF
- Property type
- Office buildings
- APN
- 43N-011-07-002-00
- APU
- 43N0110700200
Description
This exceptional value-add opportunity presents a 15,000-square-foot, single-story Class B office building situated on a 5-acre lot in North Little Rock, Arkansas, at 8410 Counts Massie Rd, zip code 72113. Currently boasting 85% occupancy (as of January 17, 2023) with ten tenants, including prominent professionals such as CPA firms, financial advisors, and contractors, the property generates a current NOI of $100,000, representing a 4.00% cap rate. The building features eight units, including approximately 1,300 square feet of executive office suites, and is zoned C-3. A significant advantage is the inclusion of an additional 2.7 acres of land, presenting substantial potential for expansion, with a pro-forma NOI projected at $120,000 and a pro-forma cap rate of 4.80%. The asking price is $2,500,000, translating to $166.67 per square foot. The property is held under a partnership ownership and is offered for sale by owner. The lease type is modified, and tenant credit is not available. The net rentable square footage is 14,000 square feet. This property offers a compelling blend of immediate income and significant future development potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $370,000
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Location Insight
- Map
- Local Demand
- City
- N Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3808
- Latitude
- 34.84
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
