Renovated Office Building Investment
For Sale
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10310 West Markham Street, Little Rock, AR 72205
50,000 SF office building, renovated in 2021, 100% occupancy.
Property Size50,000 SF
Price / SF$119
Days on Market302
Property Features for 10310 West Markham Street
General Information
Standard status
Active
Size
50,000 SF
Class
A
Property subtype
Office
Zoning
O3
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Core+
Building Details
Year Built
1986
Year Renovated
2021
Buildings
1
Stories
2
Units
20
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Little Rock
Listed By:
Robin J. Miller · License #PB000058192
Source:
Crexi
Added: Oct 23, 2025
Changed: Aug 15
Last Checked: Aug 19 at 12:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Little Rock
Investment Insights
Based on property information with market context.
This 50,000 SF building presents an investment opportunity for office or medical investors. Constructed in 1986 and renovated in 2021, the property is zoned O-3 and has 100% occupancy. The location is near Baptist Health and major highways. Ample parking is available.
Key Highlights
- Impressive 50,000 SF building suitable for Office/Medical use.
- 100% occupancy rate offering stable tenancy.
- Masterfully zoned O‑3.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$476,860
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,537,200
$9.5M
Cap Rate 7%
$6,812,286
$6.8M
Cap Rate 9%
$5,298,444
$5.3M
Market Conditions
NOI Build-Up for 50,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$894.0K $17.88/SF
− Vacancy
−$99.2K −$1.98/SF
EGI
$794.8K $15.90/SF
− OpEx
−$317.9K −$6.36/SF
NOI
$476.9K $9.54/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$17.88 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,537,200
Cap Rate 7%
$6,812,286
Cap Rate 9%
$5,298,444
Alternative Uses
Best Use
Healthcare Medical
$6.81M
$5.96M – $7.95M
NOI $476,860 @ 7.0% cap · market cap 8.01%
Second Best
Office B
$6.80M
$5.95M – $7.93M
NOI $476,060 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$9.08M
$7.95M – $10.60M
NOI $635,813 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 50,000 SF office building, renovated in 2021, 100% occupancy.
Where is this office building located?
The property is located at 10310 West Markham Street Little Rock, AR.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Impressive 50,000 SF building suitable for Office/Medical use.; 100% occupancy rate offering stable tenancy.; Masterfully zoned O‑3.
