Property profile

600 Ringo St Little Rock, AR 72201

OFF-MARKET
Warehouses
Property ID
US05-0467033
47,906 SF 1.03 ac lot Built 1966
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a Class B, 47,906-square-foot office building situated on a 1.03-acre lot in Little Rock, Arkansas. Built in 1966, the property is zoned for Urban Use District and offers a unique blend of traditional office space with storage and warehouse capabilities. Located at 600 S Ringo St, 72201, this single-building property boasts convenient access to I-630 and is in close proximity to the Arkansas State Capitol, ensuring high visibility and accessibility. The asking price is $4,500,000, translating to a price per square foot of $93.93. Recent lease extensions in 2022 demonstrate strong tenant occupancy and potential for continued rental income. This property represents a compelling investment opportunity for those seeking a well-located, versatile commercial space in a thriving Arkansas market. The building's combination of office and storage/warehouse space caters to a diverse range of potential tenants, maximizing rental income potential. Its strategic location offers easy access to major transportation routes and key government facilities, enhancing its overall appeal and value. This is a rare chance to acquire a substantial commercial property in a desirable location with a proven track record of successful tenancy.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1966
Total area 47,906 SF
Lot 1.03 ac (44,867 SF)
APN 34L-020-15-087-00
UPID US05-0467033

Cap rate & NOI

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

Location

600 Ringo St Little Rock, AR 72201-3915
Little Rock metro Census 4400 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.37M
Comparable Approach Comparable
$2.55M
Blend (final) Blend
$770k

Owner & transaction history

since 2014
7 recorded transactions
2019
Price N/A
2019
Price N/A
2017
Price N/A
2014
Price N/A
2014
$1.6M
2008
Price N/A
1969
Price N/A

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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