2300 Cottondale Ln Little Rock, AR 72202-2052
- Office buildings
- 42,500 SF
- 2.24 lot acres
Current Use by Public Records
- Griffin For Congress / Charitable Organization
- mhp.si / Advertising Agency / Marketing & Advertising
- Environmental Service Group / Environmental Consultant / Occupational Health Service
- Paschall Strategic Commucation / Marketing & Advertising / Advertising Agency
- Peregrine Wealth Strategies / Financial Advisor
Property Details for 2300 Cottondale Ln
- Year built
- 2002
- Lot size
- 2.24 lot acres
- Property size
- 42,500 SF
- Property type
- Office buildings
- APN
- 33L-007-05-000-00
- APU
- 33L0070500000
Description
This exceptional Class A office building, the Armor Bank Building, located at 2300 Cottondale Ln, Little Rock, AR 72202, offers a prime leasing opportunity. The building, constructed in 2002, boasts 34,538 square feet across three stories on a 2.25-acre lot in Pulaski County. Currently, one suite is available, Suite 100, encompassing approximately 3,394 rentable square feet. This space features an open layout ideal for collaborative work environments and stunning Arkansas River views. A significant advantage is the inclusion of a large private deck, perfect for enjoying the scenic riverfront setting. The full-service lease rate is competitively priced at $21.00 per square foot. The building's location provides easy access to numerous restaurants, downtown Little Rock, and the midtown area. High visibility and accessibility are ensured by its proximity to the Arkansas River Trail (approximately 7,500 vehicles daily) and Cantrell Road (approximately 20,000 vehicles daily). This property presents a compelling opportunity for businesses seeking a prestigious office space with excellent amenities and a desirable location. The building is a single, three-story structure in a multiple tenancy setting.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,195,000
- 6.5%
- $6,640,000
- 7%
- $6,165,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,627,000
- AI Estimate
- $6,552,000
Market price range: $2.04M - $5.63MMarket price range: $1.46M - $6.55M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $4,240,000 Current use
- COMMERCIAL (GENERAL)
- $7,915,000 Change: +87% Conversion: Easy
- MEDICAL BUILDING
- $6,980,000 Change: +65% Conversion: Easy
- RETAIL STORES
- $6,490,000 Change: +53% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $5,550,000 Change: +31% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,865,000 Change: +15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3003
- Latitude
- 34.7616
- CBSA code
- 30780
- CBSA name
- LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA