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    Property profile & analytics

    106 Markham Park Dr Little Rock, AR 72211

    • Showrooms
    • 6,000 SF
    • 0.53 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0259723
    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

    • Sherwin-Williams Paint Store / Wallpaper Store / Painting

    Property Details for 106 Markham Park Dr

    Year built
    1987
    Lot size
    0.53 lot acres
    Property size
    6,000 SF
    Property type
    Showrooms
    APN
    44L-062-05-006-00
    APU
    44L0620500600

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $702,000
      Market price range: $312k - $4.70M
      AI Estimate
      $349,000
      Market price range: $142k - $991k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4053
    Latitude
    34.7547
    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
    $6,404
    $33,303
    $58,177
    $91,480
    -
    $166,515
    $290,885
    $457,400

    Comparable in this City

    • Value Estimation by Request
      2,080 SF

      1212 Bowman Rd

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      1212 Bowman Rd, Little Rock, AR 72211-4202
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    • Value Estimation
      $535,000
      5,000 SF

      13315 Chenal Pkwy

      SHOW ROOM, WAREHOUSE • 5,000 SF
      13315 Chenal Pkwy, Little Rock, AR 72211-5219
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    • Value Estimation by Request
      3,600 SF

      10803 Markham St

      SHOW ROOM, WAREHOUSE • 3,600 SF
      10803 Markham St, Little Rock, AR 72211-2825
      View Details
    • Value Estimation
      $2,115,000
      30,004 SF

      280 Shackleford Rd

      SHOW ROOM, WAREHOUSE • 30,004 SF
      280 Shackleford Rd, Little Rock, AR 72211-5723
      View Details
    • Value Estimation
      $4,065,000
      47,318 SF

      315 Shackleford Rd

      SHOW ROOM, WAREHOUSE • 47,318 SF
      315 Shackleford Rd, Little Rock, AR 72211-2843
      View Details
    • Value Estimation
      $2,780,000
      32,000 SF

      1000 Shackleford Rd

      SHOW ROOM, WAREHOUSE • 32,000 SF
      1000 Shackleford Rd, Little Rock, AR 72211-3819
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Restaurant Space with Drive-Thru

      Prime restaurant space with drive-thru on Shackelford Rd.
      240 S Shackelford, Little Rock, AR 72211
      View Details
    • Contact for pricing

      West Little Rock Retail Investment

      Prime location near major retailers and transportation routes.
      106 Markham Park Dr, Little Rock, AR 72211
      View Details
    • $1,969,000

      West Little Rock Redevelopment Opportunity

      Former bank branch for sale in prime West Little Rock location.
      11000 Financial Centre Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing

      New Retail Ground Lease Opportunity

      20-year absolute net ground lease, new construction, strong location.
      10801 W Markham St, Little Rock, AR 72211
      View Details
    • $2,800,000
      10,000 SF

      West Markham St Restaurant - $2.8M

      Little Rock Restaurant, High-Traffic Location
      12206 Markham St, Little Rock, AR 72211
      View Details
    • $1,250,000
      16,061 SF

      Shackleford Road Redevelopment Opportunity

      High-traffic location suitable for medical, office, restaurant, or retail.
      215 Shackleford Rd, Little Rock, AR 72211
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo
      1,400 SF

      Versatile Commercial Space in Little Rock

      Commercial space suitable for fitness, retail, medical, or professional use.
      400 Bowman Rd, Little Rock, AR 72211
      View Details
    • $31 SF/Yr
      6,705 SF

      Chenal Parkway Office & Retail Space

      Little Rock, AR: Prime Medical/Office Suites Available
      15112 Chenal Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Little Rock

      Retail space available for lease in Little Rock, Arkansas.
      12111 W Markham St, Little Rock, AR 72211
      View Details
    • $22 SF/Yr
      24,092 SF

      Chenal Parkway Retail Space

      High-traffic storefront, ample parking
      12309 Chenal Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing
      2,027 SF

      Retail Space Available

      Retail space available for rent.
      301-303 South Bowman Rd, Little Rock, AR 72211
      View Details
    • $10 SF/Yr
      950 SF

      Established Retail Shopping Center Space

      Retail space in established shopping center with strong co-tenants.
      1508 Macon Dr, Little Rock, AR 72211
      View Details
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    106 Markham Park Dr
    Little Rock, AR 72211
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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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