Property profile

323 Center St Little Rock, AR 72201

FOR LEASE
High-rise multifamily apartments
Property ID
US05-0458099
193,906 SF 0.49 ac lot Built 1960
Entity Owned 22-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This eighteen-story office tower, located at 323 Center Street in Little Rock, Arkansas, offers 27,785 square feet of vacant, immediately available space. The building is currently configured for multiple tenants, with a minimum divisible space of 708 square feet and a maximum contiguous space of 9,305 square feet. Its prime downtown location places it one block from Main Street and the AC Marriott Hotel, offering easy access to the Technology Park, River Market, hotels, the convention center, and numerous restaurants and offices along Capital Avenue and Main Street. The building is also within walking distance of the courthouse and federal building. The recently renovated lobby, known as the Gallery, features retail space available for lease and showcases a unique sculpture, "The Quest," loaned to the building in 2019. Modern amenities include a parking deck adjacent to the building and a visually striking video screen display in the hallway connecting to the garage. The building currently houses a diverse range of tenants, including the Attorney General's offices, and other legal, professional, and medical offices. This property presents a unique opportunity for businesses seeking a prestigious and conveniently located office space in the heart of Little Rock. The building is classified as Executive Office and Medical Office space. The property is in Pulaski County, Arkansas, zip code 72201.

Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1960
Total area 193,906 SF
Lot 0.49 ac (21,344 SF)
APN 34L-020-05-016-00
UPID US05-0458099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Alternative Medicine Practice Spa & Massage Center
  • Charitable Organization Social Service Agency
  • Law Firm
  • Law Firm

Location

323 Center St Little Rock, AR 72201
Little Rock metro Census 4400 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.44M
Blend (final) Blend
$730k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message