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Property profile & analytics
FOR SALE
Medical Office Space
121 N Center St Lonoke, AR 72086
Trust Owned
2-yr Hold
Free & Clear
Property ID
US05-0018179
For Sale
1 / 32
$175,000
121 N Center St, Lonoke, AR 72086
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1944
Total area
2,100 SF
Lot
0.06 ac (2,614 SF)
APN
780-10403-001
UPID
US05-0018179
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Schrier Living Trust · 2 yrs held
Schrier Living Trust
since 2023
Last sale
$2,366
7 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 Lonoke submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lonoke 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,210
Tax year 2023
Assessed value
$18,640
Assessed 2024
Previous assessed
$21,210
-12.1% YoY
Effective rate
6.49%
On assessed value
Assessed land
$1,450
Assessed improvement
$17,190
Land market value
$7,250
Improvement market value
$85,950
Total market value
$93,200
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
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 Sale
Year built
1944
Heating
NONE
Cooling
NONE
Stories
1
Total area
2,100 SF
Lot
0.06 ac (2,614 SF)
APN
780-10403-001
UPID
US05-0018179
Jurisdiction
LONOKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1944
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Schrier Living Trust
Trust
Free & Clear · 2 yrs held
Mailing address
121 N CTR ST, LONOKE, AR 72086-2805
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2023
$2,366
Schrier Living Trust
Commissioner Of State Lands
Redemption Deed
related
—
Feb 5, 2018
—
Cooper Property Management LLC
J T & C Properties LLC
Quit Claim Deed
related
—
Mar 22, 2017
—
Cooper Management LLC
—
Deed
related
$1,299,807 · James M & Tracy W Cooper
Feb 27, 2007
—
Jt & C Properties LLC
—
Trustees Deed
related
$69,711 · Community Bank Cabot
Dec 21, 2006
$77,000
Jt & C Properties LLC
Wheat,holly
Warranty Deed
related
$65,025 · Community Bank Cabot
Jan 1, 2000
$16,000
Wheat,holly
Owner Name Unavailable
Grant Deed
related
—
—
—
Cooper Property Management LLC
—
Loan Modification
related
—
—
—
Cooper Management LLC
—
Deed Of Trust
related
$1,299,807 · James M & Tracy W Cooper
—
—
J T & C Properties LLC
—
Deed Of Trust
related
$329,000 · Bank Of The Ozarks
—
—
J T & C Properties LLC
—
Deed Of Trust
related
$320,000 · Bank Of The Ozarks
—
—
Jt & C Properties LLC
—
Deed Of Trust
related
$25,000 · Community Bank Cabot
—
—
Jt & C Properties LLC
—
Loan Modification
related
—
—
—
Jt & C Properties LLC
—
Loan Modification
related
—
—
—
Jt & C Properties LLC
—
Deed Of Trust
related
$160,000 · Community Bank Cabot
—
—
Jt & C Properties LLC
—
Loan Modification
related
—
—
—
Jt & C Properties LLC
—
Deed Of Trust
related
$40,000 · Community Bank Cabot
—
—
J T & C Properties LLC
—
Deed Of Trust
related
$350,000 · Bank Of The Ozarks
—
—
J T & C Properties LLC
—
Deed Of Trust
related
$665,000 · Bank Of The Ozarks
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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