5620 Markham St Little Rock, AR 72205
Property profile & analytics
5620 Markham St Little Rock, AR 72205
- Parking lots & garages
- 21,719 SF
- 0.44 lot acres
Property ID
US05-1272593
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.
Location Intelligence
Current Use by Public Records
- Baby Clothes / Clothing Store
- Secured Lab Services / Medical Clinic
Property Details for 5620 Markham St
- Year built
- 2019
- Lot size
- 0.44 lot acres
- Property size
- 21,719 SF
- Property type
- Parking lots & garages
- APN
- 34L-107-00-012-00
- APU
- 34L1070001200
Description
This exceptional investment opportunity presents a fully leased, Class B medical office building located at 5620 W Markham St, Little Rock, AR 72205. The 30,359 square foot building, constructed in 2018 and renovated in 2024, sits on a 0.44-acre lot and features four stories, including a ground-floor parking garage. Currently occupied at 100% capacity by American Oncology Network under a 10-year triple-net (NNN) lease commencing January 1, 2025, and expiring January 1, 2035, this property offers a secure, long-term investment. The lease includes a 3% annual rent increase. The building's 14,000 net rentable square feet are priced at $139.99 per square foot, with an asking price of $4,250,000. Strategically positioned in Little Rock's medical corridor, near major hospitals such as Arkansas Children's Hospital and St. Vincent's Infirmary, this property benefits from excellent visibility and access to a large patient population. The permitted zoning is POD. This is a 1031 exchange eligible property, offering significant tax advantages for qualified investors. The tenant, American Oncology Network, provides a wide range of oncology services, ensuring a stable and reliable income stream. This is a rare opportunity to acquire a high-quality, fully leased medical office building in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Little Rock
- County
- Pulaski
- State
- Arkansas
- Longitude
- -92.3371
- Latitude
- 34.7523
- 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
$41,961
$96,022
$503,417
$599,439
-
$480,110
$2,517,085
$2,997,195
