Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Little Rock Office Building Title is generated by Realmo AI

    720 W 3rd St, Little Rock, AR 72201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building in downtown Little Rock available for sale or lease.

    Type:Office
    Property size:
    18,950 SF
    Lot size:
    0.48 Acres
    Added:
    May 23, 2022
    Days on Market:
    1460
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 720 W 3rd St

    General Information

    Standard status
    Active
    Size
    18,950 SF
    Lot size
    0.48 Acres
    Property subtype
    Office

    Spaces For Lease

    at 720 W 3rd St Contact us

    Office $6/Mo

    Size
    18,950 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Ashley Fondren

    Listing agent Ashley Fondren License #SA00091956

    Listing office Haybar Real Estate

    Listing date May 23, 2022

    Source Crexi

    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 Haybar Real Estate

    HighLights

    • ±18,950 SF Office Building
    • Located in Downtown Little Rock
    • For Sale or Lease
    • ±0.48 Acres

    Overview

    This office building, encompassing approximately 18,950 square feet, is situated on a parcel of approximately 0.48 acres in downtown Little Rock. The property is available for sale or lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    American Esoteric Laboratories Medical Laboratory Norman HVAC Repair ... HVAC Service Bridge Christian Academy High School

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.278165
    Latitude
    34.747422

    Nearby Similar for Lease

    • $1,200/Mo
      1,200 SF

      Office Space on Colonel Glenn

      1,200 SF office space for lease in Little Rock.
      9715 Colonel Glenn Road, Little Rock, AR 72204
      View Details
    • $296,000 SF/Yr
      7,600 SF

      West Little Rock Office Space

      7,600 SF available for lease in West Little Rock.
      1200 Rahling Road, Little Rock, AR 72223
      View Details
    • $2,000/Mo
      1,400 SF

      Versatile Commercial Space in Little Rock

      Commercial space suitable for fitness, retail, medical, or professional use.
      400 Bowman Road, Little Rock, AR 72211
      View Details
    • $2,059/Mo
      1,177 SF

      Office Space with Ample Parking

      Office space for lease with utilities and security included.
      204 Executive Court, Little Rock, AR 72205
      View Details
    • $1,300/Mo
      1,080 SF

      Renovated Retail Space For Lease

      Recently renovated retail space with high traffic count in Little Rock.
      9107 Rodney Parham, Little Rock, AR 72205
      View Details
    • $600/Mo
      140 SF

      Office Space For Lease

      Office space available in a convenient Little Rock location.
      11621 Rainwood Road, Little Rock, AR 72212
      View Details
    • Sponsored
      $129-$4,086/Mo
      11-1,292 SF

      Regions Center

      400 Capitol Ave, Unit 1700, Little Rock, AR 72201
      View Details
    • $800/Mo
      45,800 SF

      Renovated Retail/Office Space Available

      Retail and office space in Midtown Little Rock for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $13 SF/Yr
      15,000 SF

      Professional Office Space Available

      Office suites available in a convenient location near Hillcrest and Heights.
      1501 N Pierce, Little Rock, AR 72207
      View Details
    • $8,900/Mo
      6,600 SF

      Cantrell Road Commercial Space Available

      Commercial space for lease with high visibility on Cantrell Road.
      7310 Cantrell Rd Road, Little Rock, AR 72207
      View Details
    • $12 SF/Yr
      7,000 SF

      Retail Spaces in Mabelvale Plaza

      Retail spaces available in high-traffic Little Rock shopping center.
      10101 Mabelvale Plaza Drive, Little Rock, AR 72209
      View Details
    • $16 SF/Yr
      10,080 SF

      Renovated Office Space Available

      Newly renovated office spaces in Little Rock's West Village District.
      1 Innwood Cir, Little Rock, AR 72211
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in downtown Little Rock available for sale or lease.
    Where is this office building located?
    The property is located at 720 W 3rd St Little Rock, AR.
    What are key features of this property?
    This property features: ±18,950 SF Office Building; Located in Downtown Little Rock; For Sale or Lease
    (501) 766-5155 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ashley Fondren
    Real Estate License ID: SA00091956
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    720 W. 3rd St, Little Rock, AR 72201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!