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Property profile & analytics
OFF-MARKET
Estimated value
$23,195,000
Medical Office Space
10901 Rodney Parham Rd Little Rock, AR 72212-4114
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US05-0390890
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1975
Total area
121,921 SF
Lot
15.76 ac (686,506 SF)
APN
43L-111-00-001-00
UPID
US05-0390890
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
-
Custom Built Personal Training inside of 10 Fitness Professional Services Personal Trainer
-
Stephen Blake Physician
-
Kenneth Coggins Physician
-
David Powell Mcelreath Physician
-
Casey M. Stephenson, Pharm Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.89M
Comparable Approach
Comparable
$28.17M
Blend (final)
Blend
$23.20M
Owner & transaction history
Pga Land & Realty LLC · 7 yrs held
Pga Land & Realty LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$22.7M
+13.4%
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%
$19,380,000
6.5%
$17,890,000
7%
$16,610,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$20,025,000
Current use
COMMERCIAL (GENERAL)
$22,710,000
Change: +13% · Conversion: Easy
RETAIL STORES
$18,615,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$23.20M
Range $20.88M – $25.51M · ±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
$190 / 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
$507,437
Tax year 2024
Assessed value
$7,249,100
Assessed 2024
Previous assessed
$6,417,400
+13.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$1,091,543
Assessed improvement
$6,157,557
Land market value
$5,457,715
Improvement market value
$30,787,785
Total market value
$36,245,500
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
NONE
Buildings
5
Stories
1
Total area
121,921 SF
Lot
15.76 ac (686,506 SF)
APN
43L-111-00-001-00
UPID
US05-0390890
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
MEDICAL BUILDING Current
Est. value
$20.0M
COMMERCIAL (GENERAL)
Est. value
$22.7M
RETAIL STORES
Est. value
$18.6M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1975
Heating
NONE
Cooling
Yes
Stories
1
Buildings
5
Lot
15.76 ac
Current owner
From public records · entity-resolved
Pga Land & Realty LLC
Entity
Mailing address
1701 CENTERVIEW DR STE #312, LITTLE ROCK, AR 72211-4313
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2020
—
Pga Land & Realty LLC
—
Deed
related
$2,047,500 · Arvest Mtg
Mar 13, 2019
—
Pga Land & Realty LLC
—
Grant Deed
related
$25,984,812 · Arvest Mtg
Oct 2, 2018
—
Pga Land & Realty LLC
Selz,joe
Grant Deed
$10,200,000 · First Ar Bk&tr
Oct 2, 2018
$12,000,000
P G A Land & Realty LLC
A B Arkansas LLC
Warranty Deed
—
Jun 20, 2018
—
Schlereth Family LLC
Baird INC
Warranty Deed
related
—
Jul 17, 2015
—
Emben Partners
Selz Joe
Grant Deed
related
—
Jul 16, 2015
—
International Painte Co Of Arkansa
Selz Joe
Grant Deed
related
—
Jul 15, 2015
—
Emben INC
Selz Joe
Grant Deed
related
—
May 8, 2013
—
Joe Selz
Lone Star Steakhouse & Saloon/
Quit Claim Deed
related
—
Mar 28, 2007
—
Selz Joe Tr
Selz,fred
Quit Claim Deed
related
—
—
—
Pga Land & Realty LLC
—
Deed Of Trust
related
$2,047,500 · Arvest Mtg
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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