5312 Markham StLittle Rock, AR 72205

Property Details for 5312 Markham St

Year built

1974

Lot size

0.32 AC

Property size (Sq ft)

4,872 SF

Property type

Office buildings

APN

34L-100-00-091-00

APU

34L1000009100

Description

This exceptional investment opportunity presents a vacant, two-story Class B office building ideally situated in Little Rock's vibrant Midtown area. The property, located at 5312 W Markham St, boasts 4,872 square feet of usable space, perfect for a variety of commercial uses. The building sits on a substantial 14,859 square foot lot and includes ample parking with 20 spaces available. Currently vacant, this presents a blank canvas for a new tenant or an opportunity for owner-occupancy. The building is zoned O3, allowing for flexibility in potential uses. With its prime location and substantial size, this property offers significant potential for return on investment. The single building structure is a multi-tenant configuration, providing options for future development or leasing strategies. The asking price is $875,000. This is a rare chance to acquire a well-located, sizable office building in a thriving Arkansas market. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $792,938

  6.5%

  $731,942

  7%

  $679,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $348,494

  Geo Method

  $348,494

• Alternative Use

  Use

  Valuation

  Residential

  $907,608

  Hospitality

  $831,364

  Educational

  $691,686

  Medical

  $715,474

  Retail

  $1,075,955

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7525

Longitude

-92.3324

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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