Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    11215 Hermitage Rd Little Rock, AR 72211

    Sponsored
    For Sale
    $2,850,000

    Prime location, high visibility, value-add opportunity

    Property size:
    22,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Little Rock, AR office building offers 22,300 square feet across two stories, situated on a 1.98-acre lot at a signalized intersection with excellent visibility from Chenal Parkway. The Class B building, constructed in 1981, features 10 units with seven tenants currently occupying 70% of the space. The property includes multiple building entrances, common and private bathrooms, and ample parking (5.5 spaces per 1,000 sq ft). Zoned O3, it offers flexible leasing options with suite sizes ranging from approximately 756 to a potential combined 6,372 square feet. The asking price is $2,850,000, translating to $145.74 per square foot. The land value alone is $127.80 per square foot. Convenient access to I-430 and I-630 provides easy commuting for tenants and employees. This is a fee-simple ownership opportunity with a gross lease type and is currently owner-occupied, presenting a strong value-add investment potential. The property's multi-tenant occupancy and strategic location make it an attractive investment for both owner-occupiers and investors seeking a strong return.

    Property Features for 11215 Hermitage Rd

    General Information

    Property type
    Medical offices
    Square Feet
    22,300 SF
    Class
    B
    Lot Size
    86,249 SF

    Building Details

    Year Built
    1981
    Buildings
    1
    Stories
    2
    Units
    10

    HighLights

    • $2,850,000 asking price for a 22,300 SF, two‑story office building in Little Rock, AR.
    • Value‑add, owner‑occupied investment opportunity with a Class B designation.
    • Multi‑tenant property (7 tenants) with 70% occupancy, offering a gross lease structure.
    • Located at a signalized corner on Hermitage Rd, offering high visibility and easy access to major highways (Chenal Pkwy, I‑430, I‑630).
    • Features include ample parking (5.5 spaces per 1,000 SF), common and private bathrooms, and multiple building entrances.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lesa Lackey Doan, ... Counselor Clinical Study Center ... Medical Clinic Elite Performance Meals Health Food Restaurant Argenta Counseling and Wellness ... Counselor Dr. Robert B. ... Family Practice Physician

    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
    -92.397774004392
    Latitude
    34.746046837968

    Nearby Similar for Sale

    • $12,900,000
      9,000 SF

      Equestrian Estate with Extensive Facilities

      200-acre equestrian estate featuring world-class horse facilities and refined charm.
      19513 Congo Ferndale Rd, Little Rock, AR 72210
      View Details
    • $7,000,000
      9,000 SF

      Elite Equestrian Estate in Little Rock

      Turnkey 42-acre equestrian estate with world-class facilities.
      19513 Congo Ferndale Rd, Little Rock, AR 72210
      View Details
    • $565,000
      4,750 SF

      Versatile Property with Multiple Buildings

      Three buildings on a high-traffic lot with commercial zoning.
      4919 Basline Rd, Little Rock, AR 72209
      View Details
    • $325,500
      3,169 SF

      Remodeled Office Building Near Downtown

      Completely remodeled office building in high-traffic area, suitable for medical/legal.
      813 W 3Rd St, Little Rock, AR 72201
      View Details
    • $250,000
      2,810 SF

      Little Rock Triplex Investment Opportunity

      Triplex in Little Rock offering strong rental income potential.
      1921 Wright Ave, Little Rock, AR 72202
      View Details
    • New
      $625,000
      2,918 SF

      Little Rock Estate on 12 Acres

      Private park-like estate with custom home in Little Rock.
      110 Shady Thicket Ln, Little Rock, AR 72204
      View Details
    • $943,000
      4,800 SF

      Downtown Studio Lofts Opportunity

      Seven studio lofts in historic Tuf Nut building.
      423 Units, Little Rock, AR 72201
      View Details
    • $325,000
      8,000 SF

      Commercial Building on Arch Street

      Commercial building with high traffic flow in Little Rock, AR.
      8819 Arch Street Pike, Little Rock, AR 72206
      View Details
    • $298,000
      2,016 SF

      Kingwood Duplex: Investor Opportunity

      Income-producing duplex in Little Rock's Kingwood neighborhood with long-term tenants.
      2219 Blackwood Rd, Little Rock, AR 72207
      View Details
    • Contact for pricing
      15,850 SF

      Versatile Mixed-Use Commercial Space

      Spacious Little Rock property with offices, warehouse, and interstate frontage.
      8023 Interstate 30, Little Rock, AR 72209
      View Details
    • New
      $289,000
      3,332 SF

      Income Property in Little Rock

      Income-producing property with a strong rental history and full occupancy.
      11300 Arch Street Pike, Little Rock, AR 72206
      View Details
    • New
      $199,000
      2,531 SF

      Victorian Triplex in Little Rock

      Triplex Victorian residence on a corner lot in Little Rock.
      1873 Cross St, Little Rock, AR 72206
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime location, high visibility, value-add opportunity
    Where is this medical office located?
    The property is located at 11215 Hermitage Rd Little Rock, AR.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: $2,850,000 asking price for a 22,300 SF, two-story office building in Little Rock, AR.; Value-add, owner-occupied investment opportunity with a Class B designation.; Multi-tenant property (7 tenants) with 70% occupancy, offering a gross lease structure.
    Request Owner's contact information
    11215 Hermitage Rd Little Rock, AR 72211
    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.
    11215 Hermitage Rd
    Little Rock, AR 72211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11215 Hermitage Rd Little Rock, AR 72211
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.