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

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

FAQs

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