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11215 Hermitage Rd
Little Rock, AR 72211
Value-Add Medical Office near Major Hospital · Office Property For Sale
Investment Highlights
- Value-add multi-tenant medical office that is 37% occupied by a diverse tenant mix, with substantial upside for owner/users or investors.
- Located at a signalized intersection just off the interchange of I-430 and I-630, with direct visibility to over 43,000 daily vehicles.
- Within a performing office submarket, with 6.9% vacancies, 1.9% YOY rent growth, and asking rents approximately 9% above the greater market average.
- Includes 10 suites, all enjoying private ground-level entry points, with over 9,000 SF on the second floor available for immediate occupancy.
- Convenient proximity to the Baptist Health Medical Center Little Rock, with 827 beds, offering strong referral and partnership potential.
- Draw from a strong regional workforce and client base, with over 131k residents within 5 miles with an average household income of over $90k.
Property Facts
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
29,126 SF
Building Class
B
Year Built
1981
Percent Leased
37%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,563 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
1.99 AC
Parcel Number
44L-069-02-013-00
Zoning
O3
Parking
96 Spaces (5.5 Spaces per 1,000 SF Leased)
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