Standalone Medical
For Sale
Contact for pricing
4700 West Markham Street, Little Rock, AR 72205
POD zoning, on-site parking, and existing signage support the property’s commercial setup.
Property Size2,638 SF
Price / SF$165
Days on Market29
Property Features for 4700 West Markham Street
General Information
Standard status
Active
Size
2,638 SF
Property subtype
Office
Zoning
POD
Building Details
Year Built
1940
Buildings
1
Listing Agency:
Colliers - Little Rock, Arkansas
Listed By:
Claire Huchingson · License #SA00100381
Source:
Crexi
Added: Aug 13
Changed: Sep 8
Last Checked: Sep 9 at 5:33AM
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 Colliers - Little Rock, Arkansas
Investment Insights
Based on property information with market context.
This standalone medical office property includes existing signage and on-site parking. The building is designated POD, providing a defined zoning framework for its current commercial office use.
Located at 4700 W Markham St in Little Rock, Arkansas, the property offers street presence along a named urban corridor. Its signage and parking improvements are already in place for continued medical office operations.
Located at 4700 W Markham St in Little Rock, Arkansas, the property offers street presence along a named urban corridor. Its signage and parking improvements are already in place for continued medical office operations.
Key Highlights
- Medical office property at 4700 W Markham St, Little Rock, AR 72205
- POD zoning
- On‑site parking
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
$25,159
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
5.78%
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%
$503,180
$503.2K
Cap Rate 7%
$359,414
$359.4K
Cap Rate 9%
$279,544
$279.5K
Market Conditions
NOI Build-Up for 2,638 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
$47.2K $17.88/SF
− Vacancy
−$5.2K −$1.98/SF
EGI
$41.9K $15.90/SF
− OpEx
−$16.8K −$6.36/SF
NOI
$25.2K $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%
$503,180
Cap Rate 7%
$359,414
Cap Rate 9%
$279,544
Alternative Uses
Best Use
Healthcare Medical
$359.4K
$314.5K – $419.3K
NOI $25,159 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$358.8K
$314.0K – $418.6K
NOI $25,117 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$479.2K
$419.3K – $559.1K
NOI $33,545 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,139
Businesses Nearby
Well-served
Demand for This Use
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?
Medical Office Space - POD zoning, on-site parking, and existing signage support the property’s commercial setup.
Where is this medical office space located?
The property is located at 4700 West Markham Street Little Rock, AR.
What is the asking price?
The asking price for this property is $435,270.
What are key features of this property?
This property features: Medical office property at 4700 W Markham St, Little Rock, AR 72205; POD zoning; On‑site parking
