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Property profile & analytics
OFF-MARKET
Estimated value
$13,565,000
Community centers
12801 Chenal Pkwy, Little Rock, AR 72211-3357
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US05-0373780
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2001
Total area
68,610 SF
Lot
5.5 ac (239,580 SF)
APN
44L-071-01-009-00
UPID
US05-0373780
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
-
Chenal Commons Shopping Center Shopping Center & Mall
-
Petco (Bike/Boat/Book/etc) Store Pet Store
-
Shoe Carnival Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
Ulta Beauty Cosmetic Store
-
Benefit Cosmetics BrowBar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.83M
CAP Approach
CAP
$12.68M
Comparable Approach
Comparable
$11.32M
Blend (final)
Blend
$13.57M
Owner & transaction history
Vw Chenal Commons LLC · 3 yrs held
Vw Chenal Commons LLC
since 2022
Last sale
$14.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.8M
+42.6%
Medical building
$11.3M
+25.8%
Retail stores
$10.5M
+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
$14,715,000
ML approach
$8,825,000
CAP Approach
CAP Return
Estimation
6%
$13,735,000
6.5%
$12,680,000
7%
$11,775,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$8,960,000
Current use
COMMERCIAL (GENERAL)
$12,780,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$11,270,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$10,475,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$13.57M
Range $12.21M – $14.92M · ±10% · vs last sale $14.55M (Sep 7 2022)
Last sale anchor
$14.55M
Sep 7 2022
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
$198 / 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
$179,074
Tax year 2024
Assessed value
$2,558,200
Assessed 2024
Previous assessed
$2,558,200
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$1,200,296
Assessed improvement
$1,357,904
Land market value
$6,001,480
Improvement market value
$6,789,520
Total market value
$12,791,000
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
2001
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
68,610 SF
Lot
5.5 ac (239,580 SF)
APN
44L-071-01-009-00
UPID
US05-0373780
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
$9.0M
COMMERCIAL (GENERAL)
Est. value
$12.8M
MEDICAL BUILDING
Est. value
$11.3M
RETAIL STORES
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.5 ac
Current owner
From public records · entity-resolved
Vw Chenal Commons LLC
Entity
Mailing address
PO BOX 3666, OAK BROOK, IL 60522-3666
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2022
—
Vw Chenal Commons LLC
—
Deed
related
$9,662,250 · Encore Bank NA
Sep 7, 2022
$14,550,000
Vw Chenal Commons LLC
Chenal Commons Dst
Special Warranty Deed
$9,662,250 · Encore Bank NA
Jul 7, 2005
$387,729
Chenal-heflin LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Jul 7, 2005
$130,000
Chenal-huffines LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Jun 14, 2005
$384,940
Chenal-moore LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Jun 14, 2005
$776,349
Chenal-grove LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Jun 14, 2005
$277,637
Chenal-levine LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$694,044
Chenal-brassfield LLC
Chenal Commons 1031 LLC
Grant Deed
—
Apr 29, 2005
$753,301
Chenal-fishauf LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$1,159,098
Chenal-blasdell LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$1,881,420
Chenal-entzminger LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$1,866,225
Chenal-vannucci LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$774,950
Chenal-modzeleski LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$799,895
Chenal-wilson LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$1,492,980
Chenal-poinsatte LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$328,455
Chenal-goldstein LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$429,231
Chenal-murdock LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$265,937
Chenal-cooper-1 LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$513,211
Chenal-stickles LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Apr 29, 2005
$746,490
Chenal-kratt LLC
Chenal Commons 1031 LLC
Grant Deed
related
—
Nov 22, 2004
—
Chenal Commons 1031 LLC
Chenal Retail INC
Quit Claim Deed
related
—
—
—
Chenal Commons 1031 LLC
—
Deed Of Trust
related
$2,450,000 · Bear Stearns Commercial Mtg
—
—
Chenal Commons 1031 LLC
—
Deed Of Trust
related
$6,740,000 · Bear Stearns Commercial Mtg
—
—
Chenal Commons Dst
—
Deed Of Trust
related
$7,250,000 · J P Morgan Chase 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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