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Property profile & analytics
FOR LEASE
Office buildings
10802 Executive Center Dr, Little Rock, AR 72211
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0220108
For Lease
1 / 2
$24 SF/Yr
10802 Executive Center Dr, Little Rock, AR 72211
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Total area
44,532 SF
Lot
2.91 ac (126,760 SF)
APN
44L-078-02-001-00
UPID
US05-0220108
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
-
Flake and Company Real Estate Agency
-
M J Kelly Co Insurance Agency
-
Shekher Adolph Pediatrician Physician
-
Arkansas Heart Foundation Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.08M
CAP Approach
CAP
$6.96M
Comparable Approach
Comparable
$4.69M
Blend (final)
Blend
$7.09M
Owner & transaction history
Leonardo Properties Westlake LLC · 4 yrs held
Leonardo Properties Westlake LLC
since 2022
Last sale
$7.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.3M
+68.0%
Medical building
$7.3M
+48.1%
Retail stores
$6.8M
+37.7%
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
$7,180,000
ML approach
$7,075,000
CAP Approach
CAP Return
Estimation
6%
$7,540,000
6.5%
$6,960,000
7%
$6,460,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,935,000
Current use
COMMERCIAL (GENERAL)
$8,295,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$7,315,000
Change: +48% · Conversion: Easy
RETAIL STORES
$6,800,000
Change: +38% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,815,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,100,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$7.09M
Range $6.38M – $7.79M · ±10% · vs last sale $7.10M (Apr 25 2022)
Last sale anchor
$7.10M
Apr 25 2022
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
$159 / 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
$62,493
Tax year 2024
Assessed value
$892,760
Assessed 2024
Previous assessed
$892,760
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$201,547
Assessed improvement
$691,213
Land market value
$1,007,735
Improvement market value
$3,456,065
Total market value
$4,463,800
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
For Lease
Year built
1982
Heating
NONE
Cooling
NONE
Stories
3
Total area
44,532 SF
Lot
2.91 ac (126,760 SF)
APN
44L-078-02-001-00
UPID
US05-0220108
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
$4.9M
COMMERCIAL (GENERAL)
Est. value
$8.3M
MEDICAL BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$5.1M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
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
1982
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.91 ac
Current owner
From public records · entity-resolved
Leonardo Properties Westlake LLC
Entity
Mailing address
1701 S SHACKLEFORD RD, LITTLE ROCK, AR 72211-4335
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
$7,100,000
Leonardo Properties Westlake LLC
Stp Westlake LP
Special Warranty Deed
$5,680,000 · Simmons Bank
Mar 9, 2022
—
Stp Westlake LP
—
Deed
related
$1,957,500 · First Security Bank
Dec 22, 2020
—
Stp Westlake LP
—
Deed
related
$3,250,000 · First Sec Bk
Dec 21, 2020
—
Stp Westlake LP
—
Deed
related
$32,970,000 · First Sec Bk
Aug 28, 2019
—
Stp Westlake LP
—
Deed
related
$3,250,000 · First Sec Bk
Jun 28, 2017
—
Stp Westlake LP
—
Trustees Deed
related
$80,163 · First Sec Bk
May 2, 2017
$45,100,000
Stp Westlake LP
Isb Investors LLC
Grant Deed
related
$32,970,000 · First Sec Bk
—
—
Isb Investors LLC
—
Loan Modification
related
—
—
—
Stp Westlake LP
—
Deed Of Trust
related
$3,250,000 · First Sec Bk
—
—
Isb Investors LLC
—
Loan Modification
related
—
—
—
Isb Investors LLC
—
Loan Modification
related
—
—
—
Stp Westlake LP
—
Loan Modification
related
$32,970,000 · First Sec Bk
—
—
Stp Westlake LP
—
Loan Modification
related
$3,250,000 · First Sec Bk
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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