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

    10720 Rodney Parham Rd Little Rock, AR 72212

    • Warehouses
    • 52,184 SF
    • 4.28 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0446122
    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

    • West End Cigars / Cigar Shop
    • Q2 Nails LLC / Nail Salon
    • The Brow&Lash Salon / Beauty Salon
    • U.S. Bank-Kimberly Benson-Mortgage Loan Officer / Mortgage Lender
    • NetWorth Financial, Inc. Brad Isroff / Financial Planner / Financial Consultant

    Property Details for 10720 Rodney Parham Rd

    Year built
    1981
    Lot size
    4.28 lot acres
    Property size
    52,184 SF
    Property type
    Warehouses
    APN
    43L-151-00-003-00
    APU
    43L1510000300

    Description

    Trellis Square Shopping Center, located at 10720 N. Rodney Parham Road in Little Rock, Arkansas, presents a prime retail investment opportunity. This established strip center, totaling 52,184 square feet, sits on a 4.28-acre lot and was built in 1981. Currently, there is 1,470 square feet of vacant space available, offering flexible options ranging from 2,550 to 5,100 square feet. The center enjoys a strong tenant mix, including well-established businesses such as West End Cigars, Cecil's Jewellery, Fitness F-X, and US Bank, creating a vibrant and family-friendly shopping environment. The property is situated in Pulaski County, Arkansas, with a zip code of 72212, providing convenient access for customers and excellent visibility. This is an exceptional opportunity to acquire a well-positioned retail property in a thriving Little Rock community. The property's established tenant base and ample available space make it an attractive investment for businesses seeking a strong foothold in a busy retail area. The location offers high traffic counts and visibility, ensuring maximum exposure for new tenants. This is a rare opportunity to secure space in a well-maintained and successful shopping center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,970,000
      6.5%
      $3,665,000
      7%
      $3,400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,335,000
      Market price range: $1.44M - $4.34M
      AI Estimate
      $4,485,000
      Market price range: $1.05M - $4.49M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,615,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $6,815,000
      Change: +160% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $5,975,000
      Change: +128% Conversion: Easy
      OFFICE BUILDING
      $5,785,000
      Change: +121% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.393
    Latitude
    34.7713
    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
    $77,550
    $559,311
    $682,489
    $1,241,800
    -
    $2,796,555
    $3,412,445
    $6,209,000

    Comparable in this City

    • Value Estimation by Request

      11600 Rodney Parham Rd

      COMMERCIAL (GENERAL)
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      13627 Saddle Hl Dr

      CENTRALLY ASSESSED
      13627 Saddle Hl Dr, Little Rock, AR 72212
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      13625 Saddle Hl Dr

      COMMERCIAL (GENERAL)
      13625 Saddle Hl Dr, Little Rock, AR 72212
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      616 SF

      2024 Arkansas Vly Dr Ste, Unit 207

      OFFICE BUILDING • 616 SF
      2024 Arkansas Vly Dr Ste, Little Rock, AR 72212-4141
      View Details
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      616 SF

      2024 Arkansas Vly Dr Ste, Unit 503

      OFFICE BUILDING • 616 SF
      2024 Arkansas Vly Dr Ste, Little Rock, AR 72212-4144
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    • Value Estimation by Request
      616 SF

      2024 Arkansas Vly Dr Ste, Unit 504

      OFFICE BUILDING • 616 SF
      2024 Arkansas Vly Dr Ste, Little Rock, AR 72212-4144
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.42 Acres

      Little Rock Commercial Land Opportunity

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      View Details
    • Contact for pricing
      0.29 Acres

      Residential Lots in Established Neighborhood

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      Residential Lot in Established Neighborhood

      Vacant lot ready for new construction near shopping and eateries.
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      Residential Lot in Little Rock

      Residential lot in a desirable Little Rock neighborhood.
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    • $2,800,000
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      Cantrell Road Mixed-Use Investment

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      Little Rock Condo with Patio

      Three-bedroom condo in Little Rock near shopping and dining.
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    Similar Nearby for Lease

    • $11 SF/Yr
      10,800 SF

      Retail Space in Pleasant Valley

      Retail suites available in premier Little Rock shopping destination.
      11715 Rainwood Rd, Little Rock, AR 72212
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    • $18 SF/Yr
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      Little Rock Office Space For Lease

      Prime Office Suite, High Traffic Area
      11300 Rodney Parham Rd, Little Rock, AR 72212
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    • $15 SF/Yr
      89,415 SF

      Prime Little Rock Retail Space

      West Little Rock Shopping Center Suites Available
      10700 Rodney Parham Rd, Little Rock, AR 72212
      View Details
    • Contact for pricing
      71,438 SF

      Prime Pulaski County Commercial Land

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      Remodeled Office Space For Rent

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      2,888 SF

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      2,888 SF restaurant space with existing drive-thru window.
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      View Details
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    10720 Rodney Parham Rd
    Little Rock, AR 72212
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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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