921 Markham StLittle Rock, AR 72201

  • Office properties
  • 3,692 SF
For Sale
$425,000 View listing

Property Details for 921 Markham St

Year built
1946
Lot size
0.21 AC
Property size (Sq ft)
3,692 SF
Property type
Office properties
Property subtype
Office buildings
APN
34L-020-14-123-00
APU
34L0201412300

Description

This exceptional Little Rock commercial property, located at 921 W Markham St, offers 3,692 square feet of versatile space currently available for lease or sale. The building is classified as Class B and features a total of 13 parking spaces, a significant advantage in this bustling area. The property is zoned UU and situated in Pulaski County, Arkansas, with a convenient Little Rock address and zip code 72201. The building's current vacancy allows for immediate occupancy, presenting a unique opportunity for businesses seeking a ready-to-use space. The property type is listed as Retail and Office, with the specific subtype being Executive Office and Commercial, making it suitable for a variety of professional uses. The multiple tenancy option provides flexibility for businesses of different sizes. The property is ideally suited for businesses seeking a prominent location in Little Rock, Arkansas, with easy access to major thoroughfares and amenities. With a total of 3,692 square feet, the space is divisible, with options ranging from smaller suites to the entire building. This presents a rare opportunity to secure a well-located, adaptable commercial space in a thriving Arkansas market. Interested parties should inquire about lease or purchase options. The property's location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a high-profile presence.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $600,888
    6.5%
    $554,666
    7%
    $515,047
  • Comparable approach

    Method
    Valuation
    Relative Method
    $264,089
    Geo Method
    $264,089
  • Alternative Use

    Use
    Valuation
    Residential
    $687,785
    Hospitality
    $630,008
    Educational
    $524,159
    Medical
    $542,186
    Retail
    $815,358
921 Markham St, Little Rock, Arkansas

Location Insight

City
Little Rock
County
Pulaski
State
Arkansas
Latitude
34.7493
Longitude
-92.2807
CBSA code
30780
CBSA name
LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,596
$18,662
$46,998
$65,660
-
$93,310
$234,990
$328,300

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