Retail Space For
For Sale
$2,800,000
12206 W Markham St, Little Rock, AR 72211
Retail space available for purchase.
Property Size5,300 SF
Price / SF$280
Days on Market194
Property Features for 12206 W Markham St
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Retail
Building Details
Building Size
5,300 SF
Year Built
1999
Listing Agency:
Moses Tucker Partners
Listed By:
Greyson Skokos · License #SA00077949
(501) 376-6555
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 23
Last Checked: Oct 4 at 6:54AM
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
Investment Insights
Based on property information with market context.
This retail space, offered for sale, encompasses a total area of 10,000 square feet.
Key Highlights
- Built in 1998
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,123
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,242,460
$2.2M
Cap Rate 7%
$1,601,757
$1.6M
Cap Rate 9%
$1,245,811
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$170.4K $17.04/SF
− Vacancy
−$10.2K −$1.02/SF
EGI
$160.2K $16.02/SF
− OpEx
−$48.1K −$4.81/SF
NOI
$112.1K $11.21/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,242,460
Cap Rate 7%
$1,601,757
Cap Rate 9%
$1,245,811
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,123 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,163 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
849
Businesses Nearby
Explore this area
Business Placement
Demographics for 72211, AR
24,338
Population
12,009
Households
2
Avg Household Size
35
Median Age
56%
College-Educated
97%
High-School Grad
8.3 sq mi
ZIP Area
2,932
Density / Sq Mi
$80,808
Median Household Income
$53,527
Median Earnings
$1,142
Median Rent
$257,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 12206 W Markham St Little Rock, AR.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Built in 1998
