New search
Property profile & analytics
FOR LEASE
Medical Office Space
11715 Rainwood Rd, Little Rock, AR 72212
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0345613
For Lease
1 / 5
$1,985,000
11715 Rainwood Rd, Little Rock, AR 72212
View Listing →
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Total area
10,800 SF
Lot
1.95 ac (84,942 SF)
APN
43L-132-00-002-00
UPID
US05-0345613
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$2.50M
Blend (final)
Blend
$1.99M
Owner & transaction history
Mimg Lxxxiii Pleasant Pointe S · 9 yrs held
Mimg Lxxxiii Pleasant Pointe S
since 2017
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.0M
+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%
$1,715,000
6.5%
$1,585,000
7%
$1,470,000
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
Blend value · Realmo final
$1.99M
Range $1.79M – $2.18M · ±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
$184 / 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
$32,158
Tax year 2024
Assessed value
$459,400
Assessed 2024
Previous assessed
$459,400
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$186,023
Assessed improvement
$273,377
Land market value
$930,115
Improvement market value
$1,366,885
Total market value
$2,297,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1985
Heating
NONE
Cooling
NONE
Buildings
3
Stories
1
Total area
10,800 SF
Lot
1.95 ac (84,942 SF)
APN
43L-132-00-002-00
UPID
US05-0345613
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
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.0M
RETAIL STORES
Est. value
$1.7M
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
1985
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
1.95 ac
Current owner
From public records · entity-resolved
Mimg Lxxxiii Pleasant Pointe S
Individual
Free & Clear · 9 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
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2017
$715,685
Mimg Lxxxiii Pleasant Pointe S
Freg Town Park Pleasant Pointe
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
