2201 Rodney Parham RdLittle Rock, AR 72212

Property Details for 2201 Rodney Parham Rd

Year built

2001

Lot size

0.76 AC

Property size (Sq ft)

3,990 SF

Property type

Banks

APN

43L-091-00-005-01

APU

43L0910000501

Description

This exceptional 2,400 square foot office space, situated on the second floor of a two-story building at 2201 N Rodney Parham Rd in Little Rock, Arkansas, presents a fantastic leasing opportunity. Built in 2001, this move-in ready space boasts high-quality finishes and is part of a larger 3,990 square foot building situated on a 0.8-acre lot. The property enjoys a prime location at a signalized intersection, benefiting from high visibility to approximately 22,000 vehicles daily and convenient access to I-430. The area surrounding the property demonstrates strong demographics, with an average household income exceeding $132,169 within a one-mile radius. Elevator access is provided. The lease rate is $24.00 per square foot, full service. Please note that there are restrictions on certain business types, specifically those in the financial and insurance sectors. This single-tenant building in Pulaski County (zip code 72212) offers a compelling combination of location, accessibility, and high-quality features, making it ideal for a variety of professional uses.

• CAP approach

  CAP return

  Valuation

  6%

  $725,587

  6.5%

  $669,773

  7%

  $621,932

• Comparable approach

  Method

  Valuation

  Relative Method

  $296,821

  Geo Method

  $296,821

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,306,040

  Mixed-Use / Specialty

  $667,418

  Hospitality / Lodging

  $489,707

  Office

  $663,488

  Institutional / Educational

  $693,858

  Residential Income

  $811,814

  Multifamily

  $973,462

  Automotive / Energy

  $594,735

  Parking / Income-Based Land

  $205,203

  Restaurant / Food Service

  $347,200

  Healthcare / Senior Housing

  $684,391

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7731

Longitude

-92.4024

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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