Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5500 12th St Little Rock, AR 72204-1716
    Back to Search
    Property profile & analytics

    5500 12th St Little Rock, AR 72204-1716

    View on Map
    • Medical Office Space
    • 6,776 SF
    • 0.73 lot acres
    Off-Market
    Last Sale Oct 20, 2023
    $2,351,289
    Property ID
    US05-0039221
    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.
    Value Estimations
    $2,440,000
    Show details
    Cap Rate Potential
    2.6%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Drew H. Siebenmorgen, PA / Physician
    • Oak Street Health Oak Forest Primary Care Clinic / Medical Clinic
    • Samantha Hulse, FNP / Physician

    Property Details for 5500 12th St

    Year built
    2006
    Lot size
    0.73 lot acres
    Property size
    6,776 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    34L-094-00-068-00
    APU
    34L0940006800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,505,000
      ML approach
      $2,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,565,000
      Market price range: $542k - $1.57M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.335
    Latitude
    34.7414
    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
    $20,924
    $76,421
    $222,493
    $298,914
    -
    $382,105
    $1,112,465
    $1,494,570

    Comparable in this City

    • Value Estimation by Request
      1,000 SF

      1216 Fair Park Blvd

      MEDICAL BUILDING • 1,000 SF
      1216 Fair Park Blvd, Little Rock, AR 72204-2712
      View Details
    • Value Estimation
      $560,000
      5,724 SF

      5100 12th St

      MEDICAL BUILDING • 5,724 SF
      5100 12th St, Little Rock, AR 72204-1855
      View Details
    • Value Estimation by Request
      3,737 SF

      5800 10th St

      MEDICAL BUILDING • 3,737 SF
      5800 10th St, Little Rock, AR 72204-1752
      View Details
    • Value Estimation by Request
      2,374 SF

      5800 10th St, Unit 5

      MEDICAL BUILDING • 2,374 SF
      5800 10th St, Little Rock, AR 72204-1752
      View Details
    • Value Estimation
      $1,100,000
      8,609 SF

      6209 12th St

      MEDICAL BUILDING • 8,609 SF
      6209 12th St, Little Rock, AR 72204-1505
      View Details
    • Value Estimation
      $3,190,000
      30,515 SF

      4202 University Ave

      MEDICAL BUILDING • 30,515 SF
      4202 University Ave, Little Rock, AR 72204-7841
      View Details

    Similar Nearby for Sale

    • $599,999
      5,773 SF

      Professional Building with Expansion Potential

      Well-maintained 5,773 SF building with ample parking and expansion lots.
      5100 W 12Th St, Little Rock, AR 72204
      View Details
    • $299,900
      2,460 SF

      Little Rock Building and Land

      Two parcels with building, parking, and green space.
      1601 S University Ave, Little Rock, AR 72204
      View Details
    • $75,000
      4,500 SF

      Mixed-Use Building Redevelopment Opportunity

      Vacant mixed-use building with redevelopment potential in Little Rock.
      3823 W 13Th St, Little Rock, AR 72204
      View Details
    • $425,000
      5,000 SF

      Little Rock Commercial Building/Land

      Turn-key commercial building in high-traffic Little Rock location.
      1817 S Woodrow St, Little Rock, AR 72204
      View Details
    • Contact for pricing

      Warehouse and Office Space Available

      Combined warehouse and office space totaling 6,400 SF for sale.
      1400 Westpark Dr, Little Rock, AR 72204
      View Details
    • $450,000
      2,938 SF

      Commercial Property in Little Rock

      Well-located commercial property with high visibility and strong investment potential.
      1425 S University Ave, Little Rock, AR 72204
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,878 SF

      Remington Warehouse: Little Rock Flex Space

      Versatile Little Rock warehouse/office space for lease.
      9 Remington Dr, Little Rock, AR 72204
      View Details
    • Contact for pricing

      Midtown Office Building For Rent

      Office building with shared conference facility and on-site management.
      1123 S University Ave, Little Rock, AR 72204
      View Details
    • Contact for pricing

      Office/Warehouse Space For Rent

      Office and warehouse spaces available for lease.
      1601 Westpark Dr, Little Rock, AR 72204
      View Details
    • Contact for pricing

      Versatile Office/Warehouse Space Available

      Office/warehouse space for lease in Little Rock, Arkansas.
      11 Remington Dr, Little Rock, AR 72204
      View Details
    • Contact for pricing

      Little Rock Flex Space Available

      Flex space with warehouse and office components for lease.
      1419 Westpark Dr, Little Rock, AR 72204
      View Details
    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Little Rock, Arkansas.
      1000 South Rodney Parham Rd, Little Rock, AR 72204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5500 12th St
    Little Rock, AR 72204-1716
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5500 12th St, Little Rock, AR, 72204
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!