Renovated Office Building Investment
10310 West Markham Street Little Rock, AR 72205
For Sale
Contact for pricing
50,000 SF office building, renovated in 2021, 100% occupancy.
Property Size50,000 SF
Price / SF$119
Days on Market278
Property Features for 10310 West Markham Street
General Information
- Standard status
- Active
- Size
- 50,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing Agency:
Berkshire Hathaway HomeServices Little Rock
Listed By:
Robin J. Miller · License #PB000058192
Source:
Crexi
Added: Oct 23, 2025
Changed: Jul 6
Last Checked: Jul 26 at 5:56AM
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 For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $894.0k | $17.88 |
| − Vacancy | −$99.2k | −$1.98 |
| EGI | $794.8k | $15.90 |
| − OpEx | −$317.9k | −$6.36 |
| NOI | $476.9k | $9.54 |
50,000 SF · lease $17.88/SF/yr · vacancy 11.10% · expense 40.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Four 12 Bodyworks
Alternative Medicine Practice
Hugh Franklin Burnett
Dental Office
Arkansas Vascular & Vein ...
Physician
The Glam Bar
Hair Salon
Dr. James Rippy
Physician
FAQs
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.
