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    Retail Space in Park Plaza Title is generated by Realmo AI

    6000 W Markham St, Little Rock, AR 72205

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    Retail space available for lease in Little Rock, Arkansas.

    Type:retail
    Property size:
    10,000 SF
    Added:
    Apr 15, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 14 at 8:27 pm

    Property Features for 6000 W Markham St

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    retail

    Spaces For Lease

    at 6000 W Markham St Contact us

    We can help!

    Listing Contact
    Matt Maloney
    Matt Maloney

    Listing agent Matt Maloney License #0225260949

    Listing office Atlanta

    Listing date Apr 15, 2026

    Source Property.jll

    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 Atlanta

    HighLights

    • High‑traffic location at the intersection of Markham Street and University Avenue, with direct access to Interstate 630.
    • Anchored by two Dillard's flagship locations.
    • Located 10 minutes from downtown Little Rock.
    • Average household income of $84K within a 10‑mile radius.
    • Located in a trade area with five hospital systems and significant medical offices employing over 34,000 professionals.
    • Available square footage: 10,000 - 25,000 SF.

    Overview

    Retail space is available for lease at Park Plaza Mall, situated at 6000 W Markham St in Little Rock, Arkansas 72205. The available square footage ranges from 10,000 to 25,000 square feet. The property is strategically located at the intersection of Markham Street and University Avenue, near Interstate 630. It is located 10 minutes from downtown Little Rock. The center is anchored by two Dillard’s flagship locations, with the company’s corporate headquarters also located in Little Rock. The average household income within a 10-mile radius is $84,000. The local trade area includes five hospital systems and significant medical offices, employing over 34,000 professionals.
    Location Intelligence

    Current Use by Public Records

    PANDORA (Bike/Boat/Book/etc) Store Vans Skate Shop Memories Engraved Inc (Bike/Boat/Book/etc) Store Sunglass Hut (Bike/Boat/Book/etc) Store James Avery Artisan ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Park Plaza — 6000 W Markham St, Little Rock, AR 72205
    • Park Avenue Shopping Center — 400 S University Ave, Little Rock, AR 72205
    • Landra's Essentials Park Plaza Mall — 6000 w markham st, little rock, ar 72205
    • Sunglass Hut — 6000 W Markham St Spc 3010, Little Rock, AR 72205
    • James Avery — 6000 w markham st, little rock, ar 72205

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.342727
    Latitude
    34.753623

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    FAQs

    What type of property is this?
    Shopping center - Retail space available for lease in Little Rock, Arkansas.
    Where is this shopping center located?
    The property is located at 6000 W Markham St Little Rock, AR.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of Markham Street and University Avenue, with direct access to Interstate 630.; Anchored by two Dillard's flagship locations.; Located 10 minutes from downtown Little Rock.
    (404) 548-4351
    We can help!
    Listing Contact
    Matt Maloney
    Matt Maloney
    Real Estate License ID: 0225260949
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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