4942 W Markham St, Little Rock, AR 72205

Listing Agency: Hathaway Group Show Phone

Listed By: David Hathaway Show Phone

Source: Moodyscre

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 5:49PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 6,284-square-foot medical office at 4942 W Markham St in Little Rock is arranged across two floors, with an elevator connecting the levels. The first floor contains six exam rooms, a nurse station, two large offices, and a waiting area. Upstairs are three exam rooms, four private offices, a break room, and another waiting area.

Each floor has two restrooms, and the property includes 36 parking spaces.

Key Highlights

• 6,284 SF across two floors
• Elevator connects both levels
• First floor includes 6 exam rooms, a nurse station, 2 large offices, and a waiting area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,932

Cap Rate

3.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,198,640 $1.2M

Cap Rate 7%

$856,171 $856.2K

Cap Rate 9%

$665,911 $665.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,284 SF

Gross rent

$112.4K $17.88/SF

− Vacancy

−$12.5K −$1.98/SF

EGI

$99.9K $15.90/SF

− OpEx

−$40.0K −$6.36/SF

NOI

$59.9K $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 Rate 5%

$1,198,640

Cap Rate 7%

$856,171

Cap Rate 9%

$665,911

Alternative Uses

Best Use

Healthcare Medical

$856.2K

$749.2K – $998.9K (±1% cap)

NOI $59,932 @ 7.0% cap · market cap 3.63%

Second Best

Office B

$854.7K

$747.9K – $997.2K (±1% cap)

NOI $59,831 @ 7.0% cap · market cap 3.63%

Theoretical Best

Office A

$1.14M

$998.9K – $1.33M (±1% cap)

NOI $79,909 @ 7.0% cap · market cap 4.84%

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

Deer Eye Clinic Physician Deer III Philip ... Ophthalmologist Dr. Holley Skinner Physician Holley Elizabeth Skinner Physician

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service HVAC Service Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,518

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

Market

Average Price Trend$/SF for Medical Office Space in Little Rock, AR

$164 Jul

$141 Aug

$154 Sep

$145 Oct

Properties on Market for Medical Office Space in Little Rock

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A two-level clinical layout combines exam rooms, private offices, waiting areas, and on-site parking.

Where is this medical office space located?

The property is located at 4942 W Markham St Little Rock, AR.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: 6,284 SF across two floors; Elevator connects both levels; First floor includes 6 exam rooms, a nurse station, 2 large offices, and a waiting area