Multi-Tenant Showroom Shopping
105 N Rodney Parham Rd, Little Rock, AR 72205
For Sale
Contact for pricing
Showroom and retail occupants share the center, with Suite 3A available for a new tenant.
Property Size55,841 SF
Price / SF$168.78
Days on Market15
Property Features for 105 N Rodney Parham Rd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Corner Location
Highway Access
Additional Details
Tenant in Place
Building Details
Tenancy
Listing Agency:
SVN | OAK Realty Advisors
Listed By:
Ethan Elbert · License #018136
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 5:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | OAK Realty Advisors
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Investment Insights
Based on property information with market context.
Midtown Design Center is a 55,841-square-foot shopping center with showroom and retail space. Five leases cover 52,624 square feet, representing 94.24% of the property. Tenants include The Tile Shop, Ferguson (Light Innovations), Midtown Vintage Market, Pokey D's Catering & Events, and a Bank OZK branch pad. Suite 3A, comprising 3,217 square feet, is vacant.
The property is at the Markham and Rodney Parham intersection in Little Rock's Nob Hill area, diagonally across from Kroger. Nearby uses include office, retail, and residential. Markham and Rodney Parham connect the site to Interstate 630 and Interstate 430.
The property is at the Markham and Rodney Parham intersection in Little Rock's Nob Hill area, diagonally across from Kroger. Nearby uses include office, retail, and residential. Markham and Rodney Parham connect the site to Interstate 630 and Interstate 430.
Key Highlights
- 55,841‑square‑foot center with 94.24% occupancy by area
- Five leases cover 52,624 of 55,841 square feet
- Suite 3A offers 3,217 square feet of vacant space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$626,107
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,522,140
$12.5M
Cap Rate 7%
$8,944,386
$8.9M
Cap Rate 9%
$6,956,744
$7.0M
Market Conditions
NOI Build-Up for 55,841 SF
Gross rent
$951.5K $17.04/SF
− Vacancy
−$57.1K −$1.02/SF
EGI
$894.4K $16.02/SF
− OpEx
−$268.3K −$4.81/SF
NOI
$626.1K $11.21/SF
Area
Little Rock, AR
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,522,140
Cap Rate 7%
$8,944,386
Cap Rate 9%
$6,956,744
Alternative Uses
Best Use
Retail
$8.94M
$7.83M – $10.44M
NOI $626,107 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.14M
$8.88M – $11.83M
NOI $710,088 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
94.2%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 72205, AR
22,888
Population
12,187
Households
1.9
Avg Household Size
39
Median Age
54%
College-Educated
96%
High-School Grad
8.0 sq mi
ZIP Area
2,861
Density / Sq Mi
$62,888
Median Household Income
$50,948
Median Earnings
$1,110
Median Rent
$204,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Showroom and retail occupants share the center, with Suite 3A available for a new tenant.
Where is this shopping center located?
The property is located at 105 N Rodney Parham Rd Little Rock, AR.
What is the asking price?
The asking price for this property is $9,425,000.
What are key features of this property?
This property features: 55,841‑square‑foot center with 94.24% occupancy by area; Five leases cover 52,624 of 55,841 square feet; Suite 3A offers 3,217 square feet of vacant space
