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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Strip malls
11401 Rodney Parham Rd, Little Rock, AR 72212-4123
Entity Owned
Absentee Owner
Free & Clear
Property ID
US05-0442928
Property summary
AI-generated overview
This exceptional ±12,020 square foot commercial property, situated at 11401 N Rodney Parham Rd in Little Rock, Arkansas, presents a unique leasing opportunity. The single-story, Class C building, constructed in 1975, offers a blend of traditional, medical, and creative office spaces within a multi-tenant environment. Currently, ±1,650 square feet are available for lease. The property boasts a highly desirable West Little Rock location, nestled in the heart of Pleasant Valley and the West Village district, known as a premier retail destination. Its strategic corner location at N. Rodney Parham Rd and Merrill Dr provides convenient access with ingress and egress points from both streets. Ample parking is available for tenants and their clients. The property is located in Pulaski County, Arkansas, zip code 72212. Strong co-tenancy includes established businesses such as Fletcher & Bensky Furs, The Pantry, and Chinese Kitchen, ensuring a vibrant and thriving commercial environment. This is an ideal opportunity for businesses seeking a well-located, established space in a bustling area. The property is categorized as Retail and Office.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1975
Total area
12,021 SF
Lot
0.81 ac (35,284 SF)
APN
43L-112-00-001-00
UPID
US05-0442928
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
-
Chinese Kitchen Restaurant
-
Valley Village Shopping Center Shopping Center & Mall
-
Fletcher & Bensky Furs Fur Service
-
The Pantry Restaurant Restaurant
-
Stewart Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.23M
Owner & transaction history
HAWTHORNE LAND CO
HAWTHORNE LAND CO
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+25.8%
Retail stores
$1.8M
+16.9%
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
NEIGHBORHOOD: SHOPPING CENTER
$1,570,000
Current use
MEDICAL BUILDING
$1,975,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$1,835,000
Change: +17% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,375,000
Change: -12% · Conversion: Difficult
OFFICE BUILDING
$1,335,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$102 / 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
$21,058
Tax year 2024
Assessed value
$325,600
Assessed 2024
Previous assessed
$325,600
+0.0% YoY
Effective rate
6.47%
On assessed value
Assessed land
$127,019
Assessed improvement
$198,581
Land market value
$635,095
Improvement market value
$992,905
Total market value
$1,628,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
NONE
Stories
1
Total area
12,021 SF
Lot
0.81 ac (35,284 SF)
APN
43L-112-00-001-00
UPID
US05-0442928
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER Current
MEDICAL BUILDING
RETAIL STORES
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
1975
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
HAWTHORNE LAND CO
Individual
Free & Clear · 0 yrs held
Mailing address
6705 W 12TH ST STE #2, LITTLE ROCK, AR 72204-1568
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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