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    Property profile & analytics

    306 Markham Ctr Dr Little Rock, AR 72205-1570

    • Hotels
    • 44,493 SF
    • 1.79 lot acres
    OFF-MARKET
    Value Estimation
    $4,980,000
    Last Sale
    Oct 07, 2021
    $4,700,000
    Location Intelligence
    Property ID
    US05-0357182
    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

    • SpringHill Suites Little Rock West / Hotel / Extended Stay Hotel
    • 306 Markham Center Drive Parking / Parking Lot

    Property Details for 306 Markham Ctr Dr

    Year built
    2000
    Lot size
    1.79 lot acres
    Property size
    44,493 SF
    Property type
    Hotels
    APN
    44L-046-01-006-00
    APU
    44L0460100600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,990,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,100,000
      6.5%
      $4,675,000
      7%
      $4,895,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $5,205,000
      Geo Method
      $5,060,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,970,000
      Retail
      $5,025,000
      Mixed-Use
      $4,515,000
      Hospitality
      $4,735,000
      Educational
      $3,950,000
      Residential Income
      $5,000,000
      Energy
      $5,030,000
      Income-Based Land
      $4,640,000
      Food Service
      $4,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3902
    Latitude
    34.7564
    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
    $47,096
    $155,944
    $516,856
    $672,800
    -
    $779,720
    $2,584,280
    $3,364,000

    Comparable in this City

    • Value Estimation
      $2,155,000
      91,786 SF

      11 Crossings Ct

      HOTEL • 91,786 SF
      11 Crossings Ct, Little Rock, AR 72205-6946
      View Details
    • Value Estimation
      $710,000
      46,974 SF

      9 Crossings Ct

      HOTEL • 46,974 SF
      9 Crossings Ct, Little Rock, AR 72205-6946
      View Details
    • Value Estimation
      $925,000
      54,380 SF

      2710 Shackleford Rd

      HOTEL • 54,380 SF
      2710 Shackleford Rd, Little Rock, AR 72205-6918
      View Details
    • Value Estimation
      $820,000
      38,996 SF

      301 University Ave

      HOTEL • 38,996 SF
      301 University Ave, Little Rock, AR 72205-5218
      View Details
    • Value Estimation
      $5,845,000
      50,464 SF

      12 Crossings Ct

      HOTEL • 50,464 SF
      12 Crossings Ct, Little Rock, AR 72205-6946
      View Details
    • Value Estimation
      $700,000
      35,053 SF

      1120 Medical Ctr Dr

      HOTEL • 35,053 SF
      1120 Medical Ctr Dr, Little Rock, AR 72205-6337
      View Details

    Similar Nearby for Sale

    • $8,200,000
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      Luxury Little Rock Hotel - Investment Opportunity

      80-Room Hotel, Prime Location, High Traffic Area
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      Redevelopment Opportunity in Little Rock

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      ±18,916 SF Office Building, $2.175M
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    • Contact for pricing
      0.16 Acres

      Residential Lot Near UAMS

      Residential lot near UAMS, ideal for building a private home.
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      Little Rock Commercial Land - 21 Acres

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    Similar Nearby for Lease

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      Retail Space in Established Center

      Retail spaces available in well-located, established Little Rock shopping center.
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      View Details
    • Contact for pricing
      3,500 SF

      Retail Space in Midtown Center

      Retail space available in a vibrant Little Rock shopping center.
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    • $1,400 /Mo
      28,905 SF

      Renovated Office Space Available

      Office space for lease with convenient highway access.
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      View Details
    • $16 SF/Yr
      1,300 SF

      Move-in Ready Office Space

      Office space in Little Rock's retail corridor for rent.
      9801 W Markham St, Little Rock, AR 72205
      View Details
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    Little Rock, AR 72205-1570
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    Realmo Value Estimation

    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.

    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.

    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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