Two-Story Office
11215 Hermitage Rd, Little Rock, AR 72211
For Sale
Contact for pricing
Two-story office building with common and private suite bathrooms, multiple entrances, and ground-level access for all suites.
Property Size22,300 SF
Price / SF$111.88
Days on Market1456
Property Features for 11215 Hermitage Rd
General Information
Standard status
Size
Property subtype
Site & Location
Traffic Count
Highway Access
Amenities
Common bathrooms on both floors
Private bathrooms in suites
Multiple building entrances
Ground level entrance to all suites
Corner of signalized traffic stop
Building Details
Stories
Listing Agency:
Hathaway Group
(501) 663-5400
Listed By:
Stuart Mackey · License AR EB00046466
(501) 529-4965
Source:
Moodyscre
Added: Nov 16, 2022
Changed: Oct 25
Last Checked: Nov 8 at 5:01AM
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 Hathaway Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building offers a total of 22,300 square feet. The layout includes common bathrooms on both floors and private bathrooms within suites. Multiple building entrances support convenient access to each suite, and there is a ground-level entrance to all suites.
The property provides strong visibility from Chenal Pkwy, which carries 43,000 ADT. It also offers easy access to and from I-430 and I-630 with 83,000 ADT, and the site is positioned at the corner of a signalized traffic stop.
Parking is available at approximately 5.5 spaces per 1,000 square feet.
The property provides strong visibility from Chenal Pkwy, which carries 43,000 ADT. It also offers easy access to and from I-430 and I-630 with 83,000 ADT, and the site is positioned at the corner of a signalized traffic stop.
Parking is available at approximately 5.5 spaces per 1,000 square feet.
Key Highlights
- 22,300 SF, 2‑story office building
- Great visibility from Chenal Pkwy (43,000 ADT)
- Easy access to/from I‑430 & I‑630 (83,000 ADT)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$212,323
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,246,460
$4.2M
Cap Rate 7%
$3,033,186
$3.0M
Cap Rate 9%
$2,359,144
$2.4M
Market Conditions
NOI Build-Up for 22,300 SF
Gross rent
$318.4K $14.28/SF
− Vacancy
−$35.3K −$1.59/SF
EGI
$283.1K $12.69/SF
− OpEx
−$70.8K −$3.17/SF
NOI
$212.3K $9.52/SF
Area
Little Rock, AR
Vacancy
11.10%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,246,460
Cap Rate 7%
$3,033,186
Cap Rate 9%
$2,359,144
Alternative Uses
Best Use
Office B
$3.03M
$2.65M – $3.54M
NOI $212,323 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.05M
$3.54M – $4.73M
NOI $283,573 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
43,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Little Rock, AR
Properties on Market for Office buildings in Little Rock
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with common and private suite bathrooms, multiple entrances, and ground-level access for all suites.
Where is this office building located?
The property is located at 11215 Hermitage Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 22,300 SF, 2‑story office building; Great visibility from Chenal Pkwy (43,000 ADT); Easy access to/from I‑430 & I‑630 (83,000 ADT)
