9700 Rodney Parham RdLittle Rock, AR 72227

Property Details for 9700 Rodney Parham Rd

Year built

1977

Lot size

2.78 AC

Property size (Sq ft)

34,597 SF

Property type

Retail properties

Property subtype

Other retail properties

APN

43L-158-00-003-00

APU

43L1580000300

Description

The Galleria Shopping Center presents a unique investment opportunity in the desirable LR - West submarket. This single-story, 34,893 square foot building, constructed in 1977, offers a blend of retail and medical office space across eleven suites. Currently, there is 2,380 square feet of vacant retail space available, perfect for a variety of businesses. The property sits on a generous 2.79 acres of land, providing ample parking and potential for future expansion. The building's multi-tenant configuration allows for flexibility and diverse occupancy. This is an exceptional chance to acquire a well-located property in a thriving area, with immediate potential for income generation from the available retail space. The existing infrastructure provides a solid foundation for a new tenant, minimizing upfront investment costs. The property's location within the Galleria Shopping Center offers high visibility and convenient access for customers and employees. The combination of retail and medical office space creates a synergistic environment, attracting a broad range of clientele. This property is ideal for an investor seeking a stable, income-producing asset with significant upside potential. The available space is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $8,083,884

  6.5%

  $7,462,047

  7%

  $6,929,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,236,303

  Geo Method

  $6,236,303

• Alternative Use

  Use

  Valuation

  Residential

  $6,294,516

  Hospitality

  $5,765,742

  Educational

  $4,797,030

  Medical

  $4,962,008

  Retail

  $7,462,047

Location Insight

City

Little Rock

County

Pulaski

State

Arkansas

Latitude

34.7616

Longitude

-92.381

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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