5620 Markham StLittle Rock, AR 72205

Property Details for 5620 Markham St

Year built

2019

Lot size

0.44 AC

Property size (Sq ft)

21,719 SF

Property type

Retail properties

Property subtype

Parking lots & garages

APN

34L-107-00-012-00

APU

34L1070001200

Description

This exceptional investment opportunity presents a fully leased, Class B medical office building located at 5620 W Markham St, Little Rock, AR 72205. The 30,359 square foot building, constructed in 2018 and renovated in 2024, sits on a 0.44-acre lot and features four stories, including a ground-floor parking garage. Currently occupied at 100% capacity by American Oncology Network under a 10-year triple-net (NNN) lease commencing January 1, 2025, and expiring January 1, 2035, this property offers a secure, long-term investment. The lease includes a 3% annual rent increase. The building's 14,000 net rentable square feet are priced at $139.99 per square foot, with an asking price of $4,250,000. Strategically positioned in Little Rock's medical corridor, near major hospitals such as Arkansas Children's Hospital and St. Vincent's Infirmary, this property benefits from excellent visibility and access to a large patient population. The permitted zoning is POD. This is a 1031 exchange eligible property, offering significant tax advantages for qualified investors. The tenant, American Oncology Network, provides a wide range of oncology services, ensuring a stable and reliable income stream. This is a rare opportunity to acquire a high-quality, fully leased medical office building in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,074,821

  6.5%

  $4,684,450

  7%

  $4,349,846

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,914,972

  Geo Method

  $3,914,972

• Alternative Use

  Use

  Valuation

  Residential

  $3,951,509

  Hospitality

  $3,619,561

  Educational

  $3,011,432

  Medical

  $3,115,000

  Retail

  $4,684,450

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7523

Longitude

-92.3371

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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