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Property profile & analytics
OFF-MARKET
Estimated value
$12,465,000
Community centers
11400 Markham St, Little Rock, AR 72211-2801
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0224308
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1993
Total area
166,734 SF
Lot
15.48 ac (674,309 SF)
APN
44L-062-05-002-01
UPID
US05-0224308
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
-
Academy Sports + Outdoors (Bike/Boat/Book/etc) Store
-
AMVETS Drop Box Only Charitable Organization
-
Amazon Locker - Enchiladas Courier Service Postal Service
-
CDReload - Online Bitcoin ATM Atm Crypto Atm
-
Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.11M
Blend (final)
Blend
$12.47M
Owner & transaction history
Markham Little Rock LLC · 5 yrs held
Markham Little Rock LLC
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
AUTO REPAIR, GARAGE
$19,095,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$18,485,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$12.47M
Range $11.22M – $13.71M · ±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
$75 / 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
$223,216
Tax year 2024
Assessed value
$3,188,800
Assessed 2024
Previous assessed
$3,188,800
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$864,112
Assessed improvement
$2,324,688
Land market value
$4,320,560
Improvement market value
$11,623,440
Total market value
$15,944,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
NONE
Stories
1
Total area
166,734 SF
Lot
15.48 ac (674,309 SF)
APN
44L-062-05-002-01
UPID
US05-0224308
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
AUTO REPAIR, GARAGE
Est. value
$19.1M
OFFICE BUILDING
Est. value
$18.5M
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1993
Heating
NONE
Cooling
Yes
Stories
1
Lot
15.48 ac
Current owner
From public records · entity-resolved
Markham Little Rock LLC
Entity
Mailing address
3060 PEACHTREE RD NW STE #400, ATLANTA, GA 30305-2239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2020
$2,454,300
Markham Little Rock LLC
Rcg-markham LLC
Grant Deed
related
—
Dec 20, 2019
$19,000,000
Rcg Markham LLC
Weingarten Investments INC
Special Warranty Deed
$13,747,500 · First Horizon Bank
Mar 28, 2019
$19,750,000
Weingarten Of Investments INC
Wri Madison Village LP
Grant Deed
related
—
Mar 27, 2019
—
Weingarten Of Ainvestments INC
Wri Madison Village LP
Grant Deed
—
—
—
Rnr Investments LLC
—
Deed Of Trust
related
$650,000 · First Commercial Bank
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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