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Property profile & analytics
OFF-MARKET Estimated value $5,280,000
Motels

10524 Markham St Little Rock, AR 72205-2140

47,016 SF 1.81 ac lot Built 1984
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US05-2414095
Property summary
AI-generated overview

This exceptional hospitality investment presents a dual-branded Motel 6 and Studio 6 property in Little Rock, Arkansas. The 47,016 square foot facility, built in 1984, features 138 keys spread across three floors with exterior corridors. The property boasts 103 Motel 6 rooms and 35 Studio 6 rooms, offering a diverse range of accommodations. Amenities include an outdoor pool, on-site laundry facilities, and vending machines. Each room is equipped with cable television, free Wi-Fi, a microwave, and a mini-refrigerator. The property is pet-friendly. Situated on a 1.8-acre lot with C zoning, this motel enjoys a prime location off I-430, providing easy access to major transportation routes. Its proximity to the Little Rock Zoo (3.6 miles) and Bill and Hillary Clinton National Airport (11.2 miles) further enhances its appeal. The property offers a strong net operating income (NOI) of $810,794, resulting in a compelling 12.01% cap rate. The asking price is $6,750,000, translating to $143.57 per square foot and $48,913.04 per key. This represents a significant opportunity for investors seeking a high-return hospitality asset in a thriving market. The property's strong performance and convenient location make it an attractive investment prospect.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1984
Total area 47,016 SF
Lot 1.81 ac (78,844 SF)
APN 44L-046-01-001-03
UPID US05-2414095
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Studio 6 Little Rock, AR - West Hotel & Motel Vacation Rental
  • Motel 6 Little Rock, AR - West Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.46M
Blend (final) Blend
$5.28M
Owner & transaction history
Asar Hospitality LLC · 4 yrs held
Asar Hospitality LLC
since 2022
Last sale
$5.3M
7 recorded transactions
2022
$5.3M
2017
Price N/A
2010
Price N/A
2009
$2.5M
2007
$3.8M
2007
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $8.8M +146.2%
Medical building $7.7M +117.1%
Retail stores $7.2M +101.8%
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