Freestanding Office Building Near
For Sale
$480,000
4324 W Markham St, Little Rock, AR 72205
Freestanding office building leased to UAMS, ideal investment opportunity.
Property Size2,736 SF
Price / SF$175.44
Days on Market319
Property Features for 4324 W Markham St
General Information
Standard status
Active
Size
2,736 SF
Class
C
Property subtype
Office
Building Details
Building Size
2,736 SF
Listing Agency:
Kelley Commercial Partners
Listed By:
Brooke Miller · License #SA00065432
(501) 831-2984
Source:
Kelleycommercialpartners
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 5 at 5:21PM
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 Kelley Commercial Partners
Investment Insights
Based on property information with market context.
This freestanding office building, encompassing approximately 2,736 square feet, is situated on a ±0.14-acre lot. Located across the street from UAMS, at the corner of W. Markham St and Walnut St, the property features a dedicated parking lot in both the front and back of the building. The property is currently 100% leased to UAMS.
Key Highlights
- 100% Leased to UAMS (University of Arkansas for Medical Sciences)
- Located across the street from UAMS
- Freestanding ±2,736 SF Building on ±0.14 Acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,094
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,880
$521.9K
Cap Rate 7%
$372,771
$372.8K
Cap Rate 9%
$289,933
$289.9K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$48.9K $17.88/SF
− Vacancy
−$5.4K −$1.98/SF
EGI
$43.5K $15.90/SF
− OpEx
−$17.4K −$6.36/SF
NOI
$26.1K $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 Rate 5%
$521,880
Cap Rate 7%
$372,771
Cap Rate 9%
$289,933
Alternative Uses
Best Use
Healthcare Medical
$372.8K
$326.2K – $434.9K
NOI $26,094 @ 7.0% cap · market cap 5.44%
Second Best
Office B
$372.1K
$325.6K – $434.2K
NOI $26,050 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$497.0K
$434.9K – $579.9K
NOI $34,792 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,937
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building leased to UAMS, ideal investment opportunity.
Where is this office building located?
The property is located at 4324 W Markham St Little Rock, AR.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 100% Leased to UAMS (University of Arkansas for Medical Sciences); Located across the street from UAMS; Freestanding ±2,736 SF Building on ±0.14 Acres
