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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Medical Office Space
130 J F Blvd, Lonoke, AR 72086-9365
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US05-0354961
Property summary
AI-generated overview
This exceptional 6,118-square-foot medical office building in Lonoke, Arkansas, presents a unique investment opportunity. Located at 130 J F Blvd, this single-story, 2010-built facility sits on a 0.8-acre lot and is currently vacant, offering immediate occupancy. The asking price is $950,000, translating to $155.28 per square foot. The property boasts high visibility due to its proximity to I-40, experiencing approximately 40,000 vehicles daily. The interior is well-equipped for medical use, featuring twelve exam rooms, an existing x-ray suite, a lab, and four ADA-compliant restrooms. This nearly move-in ready space is ideal for a variety of medical practices seeking a well-appointed and conveniently located facility. The building's efficient layout and existing infrastructure minimize upfront capital expenditures, allowing for a swift and cost-effective transition. This prime location and functional design make this property an attractive investment for those seeking a strong return in the thriving Arkansas medical market. The property is situated in Lonoke County, Arkansas, with a 72086 zip code.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2010
Total area
6,062 SF
Lot
0.8 ac (34,848 SF)
APN
781-75015-000
UPID
US05-0354961
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
$890k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$780k
Owner & transaction history
Grateful Holdings LLC · 1 yrs held
Grateful Holdings LLC
since 2024
Last sale
$725,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$715,000
+87.0%
Office building
$665,000
+74.2%
Retail stores
$565,000
+47.4%
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 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$965,000
6.5%
$890,000
7%
$825,000
Alternative Use
Use
Estimation
RESTAURANT
$715,000
Change: +87% · Conversion: Difficult
OFFICE BUILDING
$665,000
Change: +74% · Conversion: Easy
RETAIL STORES
$565,000
Change: +47% · Conversion: Difficult
AUTO REPAIR, GARAGE
$545,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10% · vs last sale $725k (Sep 19 2024)
Last sale anchor
$725k
Sep 19 2024
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
$129 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,651
Tax year 2023
Assessed value
$116,590
Assessed 2024
Previous assessed
$116,590
+0.0% YoY
Effective rate
5.70%
On assessed value
Assessed land
$8,000
Assessed improvement
$108,590
Land market value
$40,000
Improvement market value
$542,950
Total market value
$582,950
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
Off-Market
Year built
2010
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,062 SF
Lot
0.8 ac (34,848 SF)
APN
781-75015-000
UPID
US05-0354961
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$715,000
OFFICE BUILDING
Est. value
$665,000
RETAIL STORES
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$545,000
RESTAURANT
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2010
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Grateful Holdings LLC
Entity
Mailing address
30 7TH ST E STE #1300, SAINT PAUL, MN 55101-4939
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$725,000
Grateful Holdings LLC
Aei Income & Growth Fund Xxii
Warranty Deed
$580,000 · Cross Bank
Jun 12, 2013
$1,680,000
Aei Income
Mocktooth LLC
Grant Deed
—
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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