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    OFF-MARKET
    Parking lots & garages

    5620 Markham St, Little Rock, AR 72205

    21,719 SF 0.44 ac lot Built 2019
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US05-1272593
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING GARAGE, PARKING STRUCTURE
    Year built 2019
    Total area 21,719 SF
    Lot 0.44 ac (19,166 SF)
    APN 34L-107-00-012-00
    UPID US05-1272593
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Baby Clothes Clothing Store
    • Secured Lab Services Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Elliott Bay Medical Properties Hold · 1 yrs held
    Elliott Bay Medical Properties Hold
    since 2025
    6 recorded transactions
    2025
    2019
    2017
    $315,000
    2013
    $450,000
    2004
    $375,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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