10520 Markham St Little Rock, AR 72205
- Hotels
- 46,904 SF
- 1.43 lot acres
Current Use by Public Records
- Candlewood Suites West Little Rock, an IHG Hotel / Conference Center / Extended Stay Hotel
Property Details for 10520 Markham St
- Year built
- 2006
- Lot size
- 1.43 lot acres
- Property size
- 46,904 SF
- Property type
- Hotels
- APN
- 44L-046-01-001-00
- APU
- 44L0460100100
Description
This exceptional 80-room hotel property at 10520 W Markham St, Little Rock, Arkansas, presents a lucrative investment opportunity. Boasting 46,904 square feet across four stories, this 2006-built establishment is zoned O2 and sits on a 1.43-acre lot. The asking price is $8,200,000, translating to $174.83 per square foot. The hotel features a comprehensive suite of amenities designed to maximize guest satisfaction and revenue generation, including a business center, fitness center, on-site retail space, and a dedicated meeting and event space. Its strategic location offers unparalleled access to high traffic areas, with proximity to Interstate 430 (96,000 vehicles per day) and W Markham St (27,000 vehicles per day), ensuring high visibility and accessibility. Detailed financial information is available upon request, providing potential investors with a comprehensive understanding of the property's performance and earning potential. This property represents a rare chance to acquire a well-established, high-performing hotel in a thriving Arkansas market. The property's zip code is 72205, located in Pulaski County. This is a turnkey operation ready for immediate ownership and potential expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $705,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $995,000
- 6.5%
- $1,030,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $895,000
- Geo Method
- $820,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,045,000
- Retail
- $1,010,000
- Mixed-Use
- $910,000
- Hospitality
- $800,000
- Educational
- $850,000
- Residential Income
- $1,025,000
- Energy
- $880,000
- Income-Based Land
- $900,000
- Food Service
- $835,000
Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3906
- Latitude
- 34.7544
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
