Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6115 Markham St Little Rock, AR 72205

    • Commercial real estate
    • 98,495 SF
    • 2.09 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Last Sale
    Aug 03, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0264906
    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.

    Current Use by Public Records

    • Midtown Apartments / Apartment Building
    • Midtown Park Apartments / Apartment Building / Apartment Complex

    Property Details for 6115 Markham St

    Year built
    1957
    Lot size
    2.09 lot acres
    Property size
    98,495 SF
    Property type
    Commercial real estate
    APN
    44L-001-00-045-00
    APU
    44L0010004500

    Description

    This exceptional Little Rock commercial property, located at 6115 W Markham St, offers 3,156 square feet of versatile executive office space. Currently fully vacant, this presents a unique opportunity for a business seeking immediate occupancy. The property is classified as both retail and office, making it suitable for a variety of uses. The building features a multi-tenant configuration, allowing for flexibility in lease terms and space allocation. A total of 15 reserved parking spaces are available for tenants and their clients, ensuring convenient access. Situated in Pulaski County, Arkansas, with a Little Rock zip code of 72205, this location provides excellent visibility and accessibility. The property's total square footage is 3,156 square feet, with the entire space currently available for lease. Two individual spaces, each measuring 1,578 square feet, are also available. This presents an ideal opportunity for a single tenant to occupy the entire building or for two separate businesses to lease individual units. The property's prime location in Little Rock, Arkansas, offers easy access to major transportation routes and a thriving business community. This is a rare opportunity to secure a well-located, spacious, and readily available office space in a desirable area. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,335,000
      Market price range: $5.12M - $77.1M
      AI Estimate
      $5,618,000
      Market price range: $2.64M - $47.5M

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3429
    Latitude
    34.7518
    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
    $87,671
    $363,944
    $888,496
    $1,252,440
    -
    $1,819,720
    $4,442,480
    $6,262,200

    Comparable in this City

    • Value Estimation by Request

      108 Rodney Parham Rd

      COMMERCIAL (GENERAL)
      108 Rodney Parham Rd, Little Rock, AR 72205-4708
      View Details
    • Value Estimation by Request

      Frontage Rd

      COMMERCIAL (GENERAL)
      Frontage Rd, Little Rock, AR 72205
      View Details
    • Value Estimation by Request
      10 SF

      5921 Lee Ave

      COMMERCIAL (GENERAL) • 10 SF
      5921 Lee Ave, Little Rock, AR 72205
      View Details
    • Value Estimation by Request
      4,300 SF

      5325 A St

      COMMERCIAL (GENERAL) • 4,300 SF
      5325 A St, Little Rock, AR 72205-3507
      View Details
    • Value Estimation by Request
      10 SF

      1901 2nd St

      COMMERCIAL (GENERAL) • 10 SF
      1901 2nd St, Little Rock, AR 72205
      View Details
    • Value Estimation by Request
      0.19 Acres

      212 Park St

      Multifamily properties • 0.19 Acres
      212 Park St, Little Rock, AR 72205
      View Details

    Similar Nearby for Sale

    • $3,800,000
      21.00 Acres

      Little Rock Commercial Land - 21 Acres

      Prime Little Rock location, high traffic, multifamily zoning.
      0 Shackleford Rd & Aldersgate Rd, Little Rock, AR 72205
      View Details
    • $577,817
      4.08 Acres

      Prime Little Rock Development Land

      4.08 Acres, R-2 Zoning, High Visibility
      10910 36Th St, Little Rock, AR 72205
      View Details
    • $5,646,354
      12.47 Acres

      I-430 Corridor Development Land

      Little Rock Mixed-Use Land Opportunity
      3000 Shackleford Rd, Little Rock, AR 72205
      View Details
    • Contact for pricing
      0.42 Acres

      Prime Little Rock Commercial Land

      4.5 Acres, High Visibility, Development Ready
      10910 36Th St, Little Rock, AR 72205
      View Details
    • $3,000,000
      9.33 Acres

      9.33 Acres, Little Rock Commercial Land

      Prime Medical Corridor Land - $3M
      0 Kanis Park Dr, Little Rock, AR 72205
      View Details
    • $2,200,000
      10.13 Acres

      Prime Little Rock Commercial Land

      10 Acres, Office Zoning, I-430 Access
      0 36Th St, Little Rock, AR 72205
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      28,905 SF

      Renovated Office Space Available

      Office space for lease with convenient highway access.
      10201 W Markham St, Little Rock, AR 72205
      View Details
    • Contact for pricing
      1,925 SF

      Medical Office Suite For Rent

      Ground floor medical office suite near major medical facilities.
      9101 Kanis Rd, Little Rock, AR 72205
      View Details
    • $16 SF/Yr
      1,300 SF

      Move-in Ready Office Space

      Office space in Little Rock's retail corridor for rent.
      9801 W Markham St, Little Rock, AR 72205
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Midtown District

      New retail space in a high-traffic mixed-use development.
      Interstate 630, Little Rock, AR 72205
      View Details
    • Contact for pricing

      Mixed-Use Development Land for Lease

      Land for lease in a high-traffic mixed-use development.
      S University Ave, Little Rock, AR 72205
      View Details
    • $17 SF/Yr
      2,772 SF

      First Floor Office Space Available

      First floor office space with private offices and breakroom.
      320 Executive Ct, Little Rock, AR 72205
      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.
    6115 Markham St
    Little Rock, AR 72205
    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

    Google sign-in failed. Please try again or use another login method.