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    12206 Markham St Little Rock, AR 72211

    Sponsored
    For Sale
    $2,800,000

    Little Rock Restaurant, High-Traffic Location

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fully occupied, freestanding Class B retail building situated at 12206 W Markham St in Little Rock, Arkansas. The 10,000 square foot property, built in 1998 and renovated in 2003, sits on a 3-acre lot and boasts 175 parking spaces. Currently leased to Metro Wine & Spirits and Jimmy John's, this restaurant property benefits from high visibility due to its 218-foot frontage on W Markham Street, a major thoroughfare with 21,000 vehicles per day. The property's strategic location is further enhanced by its proximity to a dense concentration of national retailers, including Walmart, Sam's Club, Home Depot, Lowe's, Target, Whole Foods, Trader Joe's, Academy Sports + Outdoors, Hobby Lobby, Best Buy, Barnes & Noble, Ulta, Old Navy, Petco, PetSmart, Esporta, Chick-fil-a, and Chili's. The high traffic counts on W Markham St (21,000 VPD) and nearby Chenal Parkway (41,000 VPD) ensure significant exposure and potential for strong returns. The asking price is $2,800,000, representing a price per square foot of $280. This property offers a compelling combination of strong tenants, prime location, and high visibility, making it an ideal addition to any investment portfolio. The zip code is 72211, and the property is located in Pulaski County.

    Property Features for 12206 Markham St

    General Information

    Property type
    Restaurants
    Square Feet
    10,000 SF
    Class
    B
    Lot Size
    130,680 SF

    Building Details

    Year Built/Renovated
    1998/2003

    HighLights

    • Fully occupied, freestanding Class B retail building.
    • Tenants: Metro Wine & Spirits and Jimmy John's.
    • High visibility; 218‑foot frontage on W Markham St.
    • Excellent location near numerous national retailers including Walmart, Sam's Club, and Target.
    • High traffic counts: 21,000 VPD on W Markham St and 41,000 VPD on nearby Chenal Parkway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jimmy John's Caterer Rowan Development, LLC Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -92.411518
    Latitude
    34.754284

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    FAQs

    What type of property is this?
    Restaurant - Little Rock Restaurant, High-Traffic Location
    Where is this restaurant located?
    The property is located at 12206 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: Fully occupied, freestanding Class B retail building.; Tenants: Metro Wine & Spirits and Jimmy John's.; High visibility; 218-foot frontage on W Markham St.
    Request Owner's contact information
    12206 Markham St Little Rock, AR 72211
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    Little Rock, AR 72211
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    Realmo Value Estimation

    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.

    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.

    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
    12206 Markham St Little Rock, AR 72211
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