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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Office buildings
10515 Markham St, Little Rock, AR 72205-2297
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US05-0385096
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1954
Total area
13,574 SF
Lot
0.77 ac (33,541 SF)
APN
44L-057-00-001-00
UPID
US05-0385096
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
There Is Hope Inc. Charitable Organization Social Service Agency
-
Created Black Charitable Organization Social Service Agency
-
FROM HOUSE TO HOME OF LR LLC Real Estate Agency
-
SUPRASEED Technologies LLC Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Well Spring Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.18M
Owner & transaction history
Roy D Rainey JR · 2 yrs held
Roy D Rainey JR
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.8M
+6.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Little Rock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,675,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,775,000
Change: +6% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,555,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,386
Tax year 2024
Assessed value
$205,520
Assessed 2024
Previous assessed
$205,520
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$80,498
Assessed improvement
$125,022
Land market value
$402,490
Improvement market value
$625,110
Total market value
$1,027,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1954
Heating
NONE
Cooling
NONE
Stories
1
Total area
13,574 SF
Lot
0.77 ac (33,541 SF)
APN
44L-057-00-001-00
UPID
US05-0385096
Jurisdiction
PULASKI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1954
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Roy D Rainey JR
Individual
Mailing address
10515 W MARKHAM ST, LITTLE ROCK, AR 72205-2297
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2024
—
Roy D Rainey JR
Rainco Family Limited Partnership
Warranty Deed
$1,344,385 · Arvest Bank
Jul 27, 2018
—
Rainco LP
—
Deed
related
$1,181,076 · Arvest Mtg
Nov 26, 2012
—
Rainco LP
—
Trustees Deed
related
$250,000 · Arvest Bank
Mar 23, 2009
—
Rainco
Rainco
Quit Claim Deed
—
—
—
Rainco LP
—
Loan Modification
related
$250,000 · Arvest Bank
—
—
Rainco LP
—
Loan Modification
related
$1,334,500 · Arvest Mtg
—
—
Rainco LP
—
Loan Modification
related
$1,181,076 · Arvest Mtg
—
—
Rainco
—
Deed Of Trust
related
$700,000 · Bank Of The Ozarks
—
—
Rainco
—
Deed Of Trust
related
$700,000 · Bank Of The Ozarks
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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