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    Downtown Little Rock Office Building Title is generated by Realmo AI

    124 W Capitol Ave, Little Rock, AR 72201

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    Prominent office building in Little Rock's financial district.

    Type:Office
    Added:
    Feb 24, 2023
    Days on Market:
    1198
    Last Refresh:
    May 12 at 10:31 pm

    Property Features for 124 W Capitol Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1968

    Spaces For Lease

    at 124 W Capitol Ave Contact us

    Suite 601 $17/Mo

    Size
    4,500 SF
    Type
    Office
    Contact us

    Suite 942 $17/Mo

    Size
    1,662 SF
    Type
    Office
    Contact us

    Suite 1560 $17/Mo

    Size
    7,382 SF
    Type
    Office
    Contact us

    Suite 1770 $17/Mo

    Size
    1,009 SF
    Type
    Office
    Contact us

    Suite 950 $17/Mo

    Size
    2,801 SF
    Type
    Office
    Contact us

    Suite 1200 $17/Mo

    Size
    12,534 SF
    Type
    Office
    Contact us

    Suite 1705 $17/Mo

    Size
    2,109 SF
    Type
    Office
    Contact us

    Suite 876 $17/Mo

    Size
    2,556 SF
    Type
    Office
    Contact us

    Suite 1620 $17/Mo

    Size
    835 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Greyson Skokos

    Listing agent Greyson Skokos License #SA00077949

    Listing office Moses Tucker Partners

    Listing date Feb 24, 2023

    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 Moses Tucker Partners

    HighLights

    • Prime location in the heart of Little Rock's Financial and Legal District.
    • Easy access to Interstates 30, 40, and 630.
    • Close proximity to Little Rock National Airport (6 miles).
    • Walking distance to the Convention Center, Chamber of Commerce, River Market District, Little Rock Marriott, and Capital Hotel (6 blocks).
    • Distinctive architectural design with expansive granite columns and a unique pin‑stripe effect.
    • Facade constructed of durable materials: steel, concrete, granite, aluminum, and glass.

    Overview

    One Union National Plaza, constructed in 1969, is centrally located within the financial and legal district of downtown Little Rock. Positioned at the corner of Capitol Avenue and Louisiana Streets, its location provides accessibility to Interstates 30, 40, and 630. The property is situated six miles from the Little Rock National Airport and six blocks from the Convention Center, Chamber of Commerce, River Market District, Little Rock Marriott, and Capital Hotel. The 21-story building's exterior features granite columns, creating a pin-stripe effect. The facade incorporates steel, concrete, granite, aluminum, and glass, complemented by granite planters at ground level with trees, shrubs, and seasonal flowers.
    Property Profile 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
    -92.271882
    Latitude
    34.744763

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      Downtown Little Rock Mixed-Use Space

      Prime location suitable for office, retail, restaurant, or bar.
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      Retail Space on Cantrell Road

      Prime retail space in Little Rock's Westgate Center.
      6815 Cantrell Rd, Little Rock, AR 72207
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    FAQs

    What type of property is this?
    Office building - Prominent office building in Little Rock's financial district.
    Where is this office building located?
    The property is located at 124 W Capitol Ave Little Rock, AR.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of Little Rock's Financial and Legal District.; Easy access to Interstates 30, 40, and 630.; Close proximity to Little Rock National Airport (6 miles).
    (501) 376-6555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Greyson Skokos
    Real Estate License ID: SA00077949
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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
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