Multi-Floor Office
New
For Sale
Contact for pricing
5 Statehouse Plz, Little Rock, AR 72201
Office space occupies a downtown setting between cultural venues and opposite the county circuit court.
Property Size5,912 SF
Price / SF$170
Days on Market5
Property Features for 5 Statehouse Plz
General Information
Standard status
Active
Size
5,912 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown
Listing Agency:
Colliers - Little Rock
(501) 372-6161
Listed By:
Lee Strother, CCIM · License #SA00067411
(501) 804-1241
Source:
Moodyscre
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 24 at 2:42PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The office property contains 24,196 SF in total, with individual floor areas ranging from 5,868 SF to 6,208 SF.
The building is positioned between Robinson Center and the Old State House Museum, with Pulaski County Circuit directly across the street. Approximate daily traffic is 4,000 vehicles on W. Markham St, 20,000 on Broadway St, and 9,000 on La Harpe Blvd.
The building is positioned between Robinson Center and the Old State House Museum, with Pulaski County Circuit directly across the street. Approximate daily traffic is 4,000 vehicles on W. Markham St, 20,000 on Broadway St, and 9,000 on La Harpe Blvd.
Key Highlights
- 24,196 SF total office area
- Floor areas range from 5,868 SF to 6,208 SF
- Between Robinson Center and Old State House Museum
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,289
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,125,780
$1.1M
Cap Rate 7%
$804,129
$804.1K
Cap Rate 9%
$625,433
$625.4K
Market Conditions
NOI Build-Up for 5,912 SF
Gross rent
$84.4K $14.28/SF
− Vacancy
−$9.4K −$1.59/SF
EGI
$75.1K $12.69/SF
− OpEx
−$18.8K −$3.17/SF
NOI
$56.3K $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%
$1,125,780
Cap Rate 7%
$804,129
Cap Rate 9%
$625,433
Alternative Uses
Best Use
Office B
$804.1K
$703.6K – $938.2K
NOI $56,289 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$939.7K – $1.25M
NOI $75,179 @ 7.0% cap · market cap 7.48%
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
Location Intelligence
Trade Area within ½ mile
3,847
Businesses Nearby
Explore this area
Business Placement
Demographics for 72201, AR
961
Population
628
Households
1.5
Avg Household Size
44
Median Age
78%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
801
Density / Sq Mi
$112,045
Median Household Income
$71,188
Median Earnings
$1,344
Median Rent
$262,300
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
Frequently Asked Questions
What type of property is this?
Office unit - Office space occupies a downtown setting between cultural venues and opposite the county circuit court.
Where is this office unit located?
The property is located at 5 Statehouse Plz Little Rock, AR.
What is the asking price?
The asking price for this property is $1,005,040.
What are key features of this property?
This property features: 24,196 SF total office area; Floor areas range from 5,868 SF to 6,208 SF; Between Robinson Center and Old State House Museum
