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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10201 W Markham St Little Rock, AR 72205

    • Office buildings
    • 35,552 SF
    • 1.83 lot acres
    For Lease
    View listing
    $1,400 /Mo
    Value Estimations
    $700,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0299007
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Arkansas Early Childhood Association / Association / Organization
    • Sprintiva / Software Company
    • Listing Village / Web Hosting Company / Website Designer
    • Suhana Technologies Inc / Software Company
    • Brogdon Joseph H / Psychologist

    Property Details for 10201 W Markham St

    Year built
    1984
    Lot size
    1.83 lot acres
    Property size
    35,552 SF
    Property type
    Office buildings
    APN
    44L-040-01-001-00
    APU
    44L0400100100

    Description

    This exceptional opportunity presents executive office suites for lease within the Markham Executive Center, located at 10201 West Markham Street in Little Rock, Arkansas, zip code 72205. The building, classified as Class B, offers a total of 28,905 square feet and comprises five suites. Currently, 1,038 square feet of vacant space is available for lease, divisible into units as small as 126 square feet and offering contiguous space up to 330 square feet. The available suites are located on the third floor and range in size from approximately 60 to 340 square feet, with a limited number of larger, deluxe corner and double suites ranging from 270 to 340 square feet. This prime location in Pulaski County provides convenient access to West Little Rock's amenities and businesses. The building offers a variety of suite sizes to accommodate various business needs, making it an ideal location for entrepreneurs, small businesses, or expanding companies seeking flexible and efficient workspace. Inquire today to secure your ideal executive office space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3868
    Latitude
    34.7532
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $39,844
    $201,768
    $367,432
    $569,200
    -
    $1,008,840
    $1,837,160
    $2,846,000

    Comparable in this City

    • Value Estimation
      $370,000
      2,824 SF

      10401 Markham St

      OFFICE BUILDING • 2,824 SF
      10401 Markham St, Little Rock, AR 72205-2137
      View Details
    • Value Estimation
      $270,000
      1,560 SF

      1904 3rd St

      OFFICE BUILDING • 1,560 SF
      1904 3rd St, Little Rock, AR 72205-4410
      View Details
    • Value Estimation
      $245,000
      1,199 SF

      5506 Markham St

      OFFICE BUILDING • 1,199 SF
      5506 Markham St, Little Rock, AR 72205-3412
      View Details
    • Value Estimation
      $385,000
      2,649 SF

      10016 Markham St

      OFFICE BUILDING • 2,649 SF
      10016 Markham St, Little Rock, AR 72205-2130
      View Details
    • Value Estimation
      $180,000
      3,726 SF

      9421 Markham St

      OFFICE BUILDING • 3,726 SF
      9421 Markham St, Little Rock, AR 72205-2240
      View Details
    • Value Estimation
      $265,000
      1,442 SF

      3802 Kavanaugh Blvd

      OFFICE BUILDING • 1,442 SF
      3802 Kavanaugh Blvd, Little Rock, AR 72205-1866
      View Details

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    Similar Nearby for Lease

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      Renovated Office Space Available

      Office space for lease with convenient highway access.
      10201 W Markham St, Little Rock, AR 72205
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    • $16 SF/Yr
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      Move-in Ready Office Space

      Office space in Little Rock's retail corridor for rent.
      9801 W Markham St, Little Rock, AR 72205
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    • Contact for pricing
      1,925 SF

      Medical Office Suite For Rent

      Ground floor medical office suite near major medical facilities.
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    • $16 SF/Yr
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      Little Rock Office Building For Lease

      Prime Office Space, Flexible Layouts, Great Location
      10421 Markham St, Little Rock, AR 72205
      View Details
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    Little Rock, AR 72205
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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