11415 Markham StLittle Rock, AR 72211

Property Details for 11415 Markham St

Year built

1992

Lot size

0.35 AC

Property size (Sq ft)

600 SF

Property type

Retail properties

Property subtype

Retail space

APN

44L-062-08-003-01

APU

44L0620800301

Description

This exceptional 0.34-acre commercial outparcel, located at 11415 West Markham Street in Little Rock, Arkansas, presents a unique investment opportunity. The property boasts 14,810 square feet of land and is zoned PCD, offering flexibility for redevelopment. Built in 2005 and renovated in 2010, the single-story building currently offers 15 parking spaces. Utilities include electric power. The property is ideally situated on a high-traffic corridor of West Markham Street, between Shackleford and Bowman Roads, providing excellent visibility and accessibility. Its prime location is directly across from major retailers including Academy Sports, Dollar Tree, Michaels, and Planet Fitness, ensuring high foot traffic and potential for strong tenant occupancy. The property is currently vacant and available for sale or lease. A potential redevelopment could yield a building as large as 2500 square feet, provided parking needs are limited. The tenant is responsible for taxes, insurance, landscaping, utilities, HVAC maintenance, and building maintenance and repairs. This presents a compelling opportunity for investors seeking a well-located commercial property with significant redevelopment potential in a thriving retail area. The property's Class B designation reflects its solid condition and potential for future growth. The zip code is 72211.

• CAP approach

  CAP return

  Valuation

  6%

  $140,195

  6.5%

  $129,411

  7%

  $120,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,153

  Geo Method

  $108,153

• Alternative Use

  Use

  Valuation

  Residential

  $109,163

  Hospitality

  $99,993

  Educational

  $83,193

  Medical

  $86,054

  Retail

  $129,411

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7537

Longitude

-92.4023

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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