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    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:
    391
    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

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    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.
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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
    11215 Hermitage Rd Little Rock, AR 72211
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