Property profile

519 7th St Little Rock, AR 72201

OFF-MARKET
Office buildings
Property ID
US05-2357150
5,670 SF 0.24 ac lot Built 1950
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,670-square-foot office building, located at 519 W 7th St in Little Rock, Arkansas, presents a compelling investment opportunity. Built in 1950 and extensively renovated in 2016, the property boasts a stylish industrial design. The single-story building sits on a 0.24-acre lot and offers ample parking, including both on-site and street parking. Its prime downtown location provides easy access to major thoroughfares like I-630 and I-30, placing it within convenient reach of the vibrant downtown and SoMa districts, known for their diverse selection of restaurants and retail establishments. The building is currently vacant, presenting a blank canvas for a new tenant or owner-occupier. The asking price is $760,000, translating to $134.04 per square foot. Offers are due by July 11th, 2024. This Class C property is a single unit, offering a unique opportunity to acquire a well-maintained, centrally located office space in a thriving Arkansas market. The property's recent renovation ensures modern amenities and a contemporary aesthetic, making it an attractive option for businesses seeking a functional and stylish workspace.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Total area 5,670 SF
Lot 0.24 ac (10,454 SF)
APN 34L-020-06-060-00
UPID US05-2357150

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
  • Marketing & Advertising Advertising Agency

Location

519 7th St Little Rock, AR 72201-4101
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$696k
Blend (final) Blend
$270k

Owner & transaction history

since 2016
7 recorded transactions
2021
Price N/A
2021
Price N/A
2017
Price N/A
2016
Price N/A
2016
$510,000
2012
$175,000
2012
$217,957

Zoning & alternative use

Top alternative use upside
Retail stores $865,000 +32.8%
Neighborhood: shopping center $740,000 +13.6%

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
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