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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10301 N Rodney Parham Rd Little Rock, AR 72227

    • Community centers
    • 19,101 SF
    • 8.90 lot acres
    For Lease
    View listing
    Last Sale
    Feb 01, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0224199
    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

    • Blasian Creation / Hair Salon
    • Crown Trophy / (Bike/Boat/Book/etc) Store
    • Breckenridge Village / Shopping Center & Mall
    • IMX Pilates Little Rock / Gym & Fitness Center
    • Neverwhere West Little Rock | Coffee, Comics, and Oddities / Cafe & Coffee Shop

    Property Details for 10301 N Rodney Parham Rd

    Year built
    1980
    Lot size
    8.90 lot acres
    Property size
    19,101 SF
    Property type
    Community centers
    APN
    43L-154-00-008-00
    APU
    43L1540000800

    Description

    This exceptional 43,712-square-foot theater space is available for sale or lease within the highly sought-after Breckenridge Village Shopping Center in Little Rock, Arkansas. Located at 10301 N Rodney Parham Rd, zip code 72227, this property boasts a prime location in one of Little Rock's most vibrant retail and dining destinations, ensuring high visibility and foot traffic. The theater underwent a complete renovation in 2014, presenting a modern and well-maintained facility ready for immediate occupancy. The property is classified as retail space with a subtype of movie theater/theater, making it ideal for a variety of entertainment-related businesses. Its strategic placement within Breckenridge Village Shopping Center offers unparalleled access to a diverse customer base, benefiting from the synergistic effect of surrounding retail establishments and restaurants. This presents a unique opportunity for an investor or operator seeking a well-established and highly visible location in a thriving commercial area of Pulaski County, Arkansas. The property's size and recent renovation make it an attractive proposition for a variety of uses within the entertainment sector. Detailed financial information and lease terms are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,495,000
      Current use
      COMMERCIAL (GENERAL)
      $3,560,000
      Change: +43% Conversion: Easy
      MEDICAL BUILDING
      $3,135,000
      Change: +26% Conversion: Difficult
      RETAIL STORES
      $2,915,000
      Change: +17% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,185,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $2,120,000
      Change: -15% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3889
    Latitude
    34.7659
    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
    $58,549
    $616,418
    $220,000
    $836,418
    -
    $3,082,090
    $1,100,000
    $4,182,090

    Comparable in this City

    • Value Estimation
      $8,340,000
      46,329 SF

      10300 Rodney Parham Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 46,329 SF
      10300 Rodney Parham Rd, Little Rock, AR 72227-4845
      View Details
    • Value Estimation by Request
      9,148 SF

      9307 Treasure Hl Rd

      SHOPPING CENTER, STRIP CENTER • 9,148 SF
      9307 Treasure Hl Rd, Little Rock, AR 72227-6217
      View Details
    • Value Estimation
      $675,000
      6,000 SF

      7710 Cantrell Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      7710 Cantrell Rd, Little Rock, AR 72227-3322
      View Details
    • Value Estimation
      $1,355,000
      17,056 SF

      10014 Rodney Parham Rd

      SHOPPING CENTER, STRIP CENTER • 17,056 SF
      10014 Rodney Parham Rd, Little Rock, AR 72227-5598
      View Details
    • Value Estimation
      $1,190,000
      15,238 SF

      10020 Rodney Parham Rd

      SHOPPING CENTER, STRIP CENTER • 15,238 SF
      10020 Rodney Parham Rd, Little Rock, AR 72227-5599
      View Details
    • Value Estimation
      $2,120,000
      13,168 SF

      9816 Rodney Parham Rd

      SHOPPING CENTER, STRIP CENTER • 13,168 SF
      9816 Rodney Parham Rd, Little Rock, AR 72227-5643
      View Details

    Similar Nearby for Sale

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      Ready-to-build residential lot in a friendly Little Rock neighborhood.
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    Similar Nearby for Lease

    • Contact for pricing
      86,543 SF

      Little Rock Retail Space Available

      Prime Pulaski County shopping center suites.
      10300 Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      125,404 SF

      Retail/Office Space in Little Rock

      Retail/office spaces available in a busy Little Rock location.
      10301 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $15 SF/Yr
      10,680 SF

      Retail Building Sublease Opportunity

      Prime retail location with high visibility and drive-thru.
      7601 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $1,010 /Mo
      14,646 SF

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $32 SF/Yr
      2,587 SF

      Retail Space with Drive-Thru

      Bank space with drive-thru at Cantrell and Rodney Parham.
      11300 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $20 SF/Yr
      2,772 SF

      Restaurant/Retail Space on Cantrell Road

      Restaurant or retail space with high traffic count.
      7811 Cantrell Rd, Little Rock, AR 72227
      View Details
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    Little Rock, AR 72227
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    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
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