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

    11715 Rainwood Rd Little Rock, AR 72212

    • Medical offices
    • 10,800 SF
    • 1.95 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0345613
    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

    • Vellthastylist@Bangs-N-Cuts Barber and Beauty Lounge / Barber Shop
    • Repair center west / Computer & Electronic Repair / Tech Support Center
    • ATM (Dragon Discount Mart) / Atm
    • Financial Foundations Inc / Financial Advisor
    • Amazon Hub Counter - Cellular Doctors / Postal Service / Courier Service

    Property Details for 11715 Rainwood Rd

    Year built
    1985
    Lot size
    1.95 lot acres
    Property size
    10,800 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    43L-132-00-002-00
    APU
    43L1320000200

    Description

    Green Mountain Plaza, located at 11715 Rainwood Rd in Little Rock, Arkansas, offers exceptional medical office space for lease. This 10,800 square foot building, constructed in 1985, is situated in Pulaski County, zip code 72212. The property is currently multi-tenant and offers flexible lease options. Two spaces are immediately available, ranging from a minimum of 800 square feet to a maximum contiguous space of 5,739 square feet. A total of 3,400 square feet is currently vacant and ready for occupancy. The building's history includes previous use as a salon, adding to its versatile layout. The property is classified as both retail and office space, making it suitable for a variety of medical practices or related businesses. Its location in Little Rock provides convenient access to major roadways and a thriving community. This is an excellent opportunity to secure prime medical office space in a well-established building. Inquire today for leasing details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,715,000
      6.5%
      $1,585,000
      7%
      $1,470,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,495,000
      Market price range: $863k - $2.50M
      AI Estimate
      $1,873,000
      Market price range: $445k - $2.08M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,775,000
      Current use
      COMMERCIAL (GENERAL)
      $2,010,000
      Change: +13% Conversion: Easy
      RETAIL STORES
      $1,650,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.4031
    Latitude
    34.7685
    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
    $32,158
    $186,023
    $273,377
    $459,400
    -
    $930,115
    $1,366,885
    $2,297,000

    Comparable in this City

    • Value Estimation
      $23,195,000
      121,921 SF

      10901 Rodney Parham Rd

      MEDICAL CLINIC • 121,921 SF
      10901 Rodney Parham Rd, Little Rock, AR 72212-4114
      View Details
    • Value Estimation
      $4,530,000
      25,040 SF

      4200 Rodney Parham Rd

      MEDICAL BUILDING • 25,040 SF
      4200 Rodney Parham Rd, Little Rock, AR 72212-2461
      View Details
    • Value Estimation
      $1,300,000
      6,100 SF

      11811 Hinson Rd

      MEDICAL BUILDING • 6,100 SF
      11811 Hinson Rd, Little Rock, AR 72212-3404
      View Details
    • Value Estimation
      $2,850,000
      15,772 SF

      4208 Rodney Parham Rd

      MEDICAL BUILDING • 15,772 SF
      4208 Rodney Parham Rd, Little Rock, AR 72212-2462
      View Details
    • Value Estimation
      $5,040,000
      31,641 SF

      12111 Hinson Rd

      HOMES (RETIRED, NURSING) • 31,641 SF
      12111 Hinson Rd, Little Rock, AR 72212-3410
      View Details
    • Value Estimation by Request
      616 SF

      2024 Arkansas Vly Dr Ste, Unit 205

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

    Similar Nearby for Sale

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      15,000 SF

      Cantrell Road Mixed-Use Investment

      15,000 SF Mixed-Use, 85% Leased
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      Retail spaces available in established Pleasant Valley shopping center.
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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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      Little Rock Commercial Land Opportunity

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      0 Rodney Parham Rd, Little Rock, AR 72212
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    Similar Nearby for Lease

    • $18 SF/Yr
      37,572 SF

      Little Rock Office Space For Lease

      Prime Office Suite, High Traffic Area
      11300 Rodney Parham Rd, Little Rock, AR 72212
      View Details
    • $12 SF/Yr
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      Remodeled Office Space For Rent

      Office complex remodeled in 2021, new roof in 2024.
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      View Details
    • New
      $600 /Mo
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      Office Space For Lease

      Office space available in a convenient Little Rock location.
      11621 Rainwood Rd, Little Rock, AR 72212
      View Details
    • $17 SF/Yr
      1,805 SF

      Office Space Near I-430

      Office space for rent with conference room and highway access.
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      View Details
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      Office Space Available For Rent

      Office space for rent featuring carpet and LVT flooring.
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      View Details
    • Contact for pricing
      944 SF

      Office Space Available For Rent

      944 square feet of office space for rent.
      11015 Arcade Dr, Little Rock, AR 72212
      View Details
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    11715 Rainwood 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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