3 Innwood CirLittle Rock, AR 72211

Property Details for 3 Innwood Cir

Year built

1982

Lot size

1.29 AC

Property size (Sq ft)

18,400 SF

Property type

Office buildings

APN

43L-114-00-002-00

APU

43L1140000200

Description

This exceptional two-story executive office building, located at 3 Innwood Circle in Little Rock, Arkansas, presents a unique investment opportunity. Spanning 18,400 square feet on a 1.29-acre lot, this property boasts a newly renovated interior (2023) and features a new roof (2023) with warranty, and four new (2023) HVAC units with warranties, plus one older unit. The building is currently fully leased, offering immediate income potential for investors. However, a significant portion of the space is slated to become available in May 2026. Approximately 13,000 square feet (the entire second floor and about half the first floor) will be vacant, presenting an ideal opportunity for an owner-user or a new tenant. The largest existing lease expires in April 2026, with the tenant potentially open to early termination. The property includes energy-efficient LED lighting throughout. Financial operating data and the rent roll are available upon request. This property is situated in Pulaski County, Arkansas, with a 72211 zip code.

• CAP approach

  CAP return

  Valuation

  6%

  $2,994,674

  6.5%

  $2,764,314

  7%

  $2,566,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,316,152

  Geo Method

  $1,316,152

• Alternative Use

  Use

  Valuation

  Residential

  $3,427,750

  Hospitality

  $3,139,800

  Educational

  $2,612,277

  Medical

  $2,702,117

  Retail

  $4,063,542

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7657

Longitude

-92.3988

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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