Property profile

10 Corporate Hill Dr Little Rock, AR 72205

FOR LEASE
Office buildings
Property ID
US05-0371731
33,602 SF 2.35 ac lot Built 1986
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The Arkansas Medical Society Building, located at 10 Corporate Hill Drive, offers exceptional executive office suites for lease in a prime west Little Rock location. This well-maintained building provides convenient access to both I-630 and I-430, ensuring effortless commutes for tenants and clients. The property boasts a highly desirable location between west Little Rock and Midtown, offering the best of both worlds. Suites are available in various sizes, with a minimum leasable area of 797 square feet and a maximum contiguous space of 1,671 square feet, catering to businesses of varying scales. The building features ample parking, with 106 free spaces conveniently located at both the front and rear of the building, ensuring easy access and ample visitor parking. Ground-level entrances at both the front and rear provide convenient access for all tenants and their guests. Tenant improvement allowances are negotiable, offering flexibility to customize the space to meet specific business needs. This is an exceptional opportunity to secure prestigious office space in a highly sought-after location with unparalleled convenience and amenities. Inquire today to learn more about available suites and lease terms.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Total area 33,602 SF
Lot 2.35 ac (102,366 SF)
APN 44L-040-01-002-00
UPID US05-0371731

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Foster Care Service Social Service Agency
  • Employment Agency
  • Employment Agency
  • Electric Utility Company

Location

10 Corporate Hill Dr Little Rock, AR 72205
Little Rock metro Census 2208 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.25M
Comparable Approach Comparable
$3.72M
Blend (final) Blend
$665k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Commercial (general) $6.3M +51.2%
Medical building $5.5M +33.3%
Retail stores $5.1M +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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