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    124 Capitol Ave Little Rock, AR 72201

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    For Lease
    Contact for pricing

    Little Rock, AR: Executive & Traditional Office Suites

    Lot size:
    269,966 SF

    Property Features for 124 Capitol Ave

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    269,966 SF
    Class
    B
    Total Rate
    393700.42

    Building Details

    Year Built
    1968
    Buildings
    1
    Stories
    20

    Spaces For Lease

    at 124 Capitol Ave, Little Rock, AR 72201 Contact us
    Unit Floor 6, Suite 601

    $17 /Mo

    Size
    4,500 SF
    Contact us
    Unit Suite 875

    $17 /Mo

    Size
    1,216 SF
    Contact us
    Unit Suite 876

    $17 /Mo

    Size
    2,556 SF
    Contact us
    Unit Suite 878

    $17 /Mo

    Size
    868 SF
    Contact us
    Unit Suite 942

    $17 /Mo

    Size
    1,662 SF
    Contact us
    Unit Suite 950

    $17 /Mo

    Size
    2,801 SF
    Contact us
    Unit Suite 1200

    $17 /Mo

    Size
    12,534 SF
    Contact us
    Unit Suite 1500

    $17 /Mo

    Size
    1,848 SF
    Contact us
    Unit Suite 1560

    $17 /Mo

    Size
    7,382 SF
    Contact us
    Unit Suite 1605

    $17 /Mo

    Size
    1,292 SF
    Contact us
    Unit Suite 1620

    $17 /Mo

    Size
    835 SF
    Contact us
    Unit Suite 1705

    $17 /Mo

    Size
    2,109 SF
    Contact us
    Unit Suite 1770

    $17 /Mo

    Size
    1,009 SF
    Contact us
    Unit Suite 1905

    $17 /Mo

    Size
    1,770 SF
    Contact us
    Unit Suite 1910

    $17 /Mo

    Size
    1,944 SF
    Contact us
    Unit Suite 1925

    $17 /Mo

    Size
    709 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Greyson Skokos
    Greyson Skokos

    Listing Agency: ​Moses Tucker Partners Listing Agent: Greyson Skokos

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Union Plaza, a prominent 20-story Class B office building in Little Rock's financial district (124 W Capitol Ave, 72201), offers a variety of executive and traditional office spaces. Built in 1968, this iconic structure boasts 269,966 total square feet, with 49,386 square feet currently vacant. Units range from a minimum of 800 square feet to a maximum contiguous space of 12,534 square feet, accommodating diverse business needs. The building's prime location at the corner of Capitol Avenue and Louisiana Streets provides exceptional access to Interstates 30, 40, and 630, as well as the Little Rock National Airport (six miles away), the Convention Center, and the River Market District. Its distinctive granite columns and modern facade create a striking presence in the Little Rock skyline. The 0.96-acre lot features attractive landscaping. The building is zoned UU and has a Pulaski County APN of 34L0200410000. Multiple tenancy options are available. This is an excellent opportunity to secure office space in a highly desirable and accessible location within Little Rock's vibrant downtown core.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Children's Advocacy Centers ... Charitable Organization Virtue Shay Law Firm Tejas Technologies (Bike/Boat/Book/etc) Store TaxPRO Tax Preparation AR Public Employees ... State Government Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2719259
    Latitude
    34.7446472

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      Premier Office Space in Little Rock

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    FAQs

    What type of property is this?
    Office property - Little Rock, AR: Executive & Traditional Office Suites
    Where is this office property located?
    The property is located at 124 Capitol Ave Little Rock, AR.
    What is the lease rate?
    The lease rate is $0.00-$17 SF/Yr.
    What are key features of this property?
    This property features: Move-in ready office space available immediately.; Office suites range from 300 square feet to over 12,000 square feet.; Over $4,500,000 in recent renovations and updates.
    (501) 376-6555 Call to check price and availability
    Request Owner's contact information
    124 Capitol Ave Little Rock, AR 72201
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    Little Rock, AR 72201
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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.

    More about this property
    124 Capitol Ave Little Rock, AR 72201
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greyson Skokos
    Greyson Skokos
    Real Estate License ID: SA00077949
    (501) 376-6555
    Learn more
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