Market & Merrill Center

Off-Market

1506 Merrill Drive, Little Rock, AR 72211

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  • Property Type Retail - Neighborhood Center
  • Property Size 125,525 SF
  • Lot Size 7.34 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1987

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 05 May, 2021
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Little Rock

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Little Rock Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $17.98
  • 2022 Office Vacancy Rate 10.65%
  • 2022 Office Completions (SF)

Little Rock Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $77.16
  • Y-o-Y Avg. PpSF Change -19.92%
  • 2022 Office Sales Volume $95.7M
  • 2022 Number of Transactions 11
View more Little Rock market trends

Location

Getting Around

  • Walk Score ®

    72/100 Very Walkable
  • Transit Score ®

    22/100 Minimal Transit
  • Bike Score ®

    44/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Little Rock, AR
  • Zip Code 72211
  • Market Little Rock

Points of Interest

  • Little Rock

    6.49 miles

  • West Markham Street & Spring Street

    7.28 miles

  • 2nd Street & Center Street

    7.30 miles

  • Maple Street & 6th Street

    7.43 miles

  • Maple Street & Broadway Street

    7.44 miles

  • Main Street & Bishop Lindsey Avenue

    7.50 miles

  • West Markham Street & Scott Street

    7.50 miles

  • Main Street & 5th Street

    7.51 miles

  • 120 Main Street

    7.52 miles

  • Scott Street & Markham Street

    7.53 miles

  • Exxon

    0.37 miles

  • Circle K

    0.69 miles

  • Shell

    0.86 miles

  • Superstop

    1.01 miles

  • Exxon

    1.03 miles

  • Murphy Express

    1.28 miles

  • Shell

    1.29 miles

  • ChargePoint

    1.31 miles

  • Kroger Fuel Center

    1.34 miles

  • Shell

    1.77 miles

  • CARTI Cancer Center

    2.49 miles

  • Lot 16

    4.27 miles

  • Lot 13

    4.40 miles

  • Lot 8

    4.43 miles

  • Lot 14

    4.44 miles

  • Lot 9

    4.60 miles

  • Lot 10

    4.62 miles

  • Lot 15

    4.64 miles

  • Lot 1

    4.64 miles

  • Lot 5

    4.71 miles

  • Shorty Small's

    0.28 miles

  • McDonald's

    0.66 miles

  • Dunkin' Donuts

    0.70 miles

  • Schlotzsky's Deli

    0.80 miles

  • Back Yard Burgers

    0.88 miles

  • Tokyo House

    0.91 miles

  • Slim Chickens

    0.92 miles

  • Outback Steakhouse

    0.93 miles

  • Twin Peaks

    0.96 miles

  • Mexico Chiquito To Go

    0.98 miles

  • Kroger

    0.62 miles

  • El Torito

    1.23 miles

  • Target

    1.24 miles

  • Whole Foods Market

    1.30 miles

  • Natural Grocers

    1.39 miles

  • TJ Maxx

    1.48 miles

  • Asian Groceries

    1.52 miles

  • Walmart Supercenter

    1.52 miles

  • Natural Grocery

    1.66 miles

  • Belk

    1.67 miles

Frequently Asked Questions

What is the total square footage of Market & Merrill Center?

Market & Merrill Center totals 125,525 square feet.

When was this property built?

Market & Merrill Center was built in 1987.

When was Market & Merrill Center last sold?

Market & Merrill Center was last sold on 05 May, 2021.

What is the property tax for Market & Merrill Center?

The property tax for Market & Merrill Center in 2022 was $54,971.

What is the market value for Market & Merrill Center?

The market value* for Market & Merrill Center in 2022 was $3,926,500.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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