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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
237 Millsap Rd, Fayetteville, AR 72703-6288
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0817276
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Total area
13,408 SF
Lot
0.99 ac (43,299 SF)
Zoning code
C-2
APN
765-18525-000
UPID
US05-0817276
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
-
Friday Eldridge & Clark Law Firm
-
Content Alchemy (Bike/Boat/Book/etc) Store Corporate Office
-
John Furlow MD Physician
-
Elite Chiropractic Alternative Medicine Practice
-
Libby Gibson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$365k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$737k
Blend (final)
Blend
$550k
Owner & transaction history
Lrdf1 Fayetteville LLC · 20 yrs held
Lrdf1 Fayetteville LLC
since 2006
5 recorded transactions
Zoning & alternative use
C-2 · Fayetteville, AR
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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$890,000
Current use
OFFICE BUILDING
$795,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$41 / 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
$26,561
Tax year 2024
Assessed value
$465,980
Assessed 2024
Previous assessed
$465,980
+0.0% YoY
Effective rate
5.70%
On assessed value
Assessed land
$103,920
Assessed improvement
$362,060
Land market value
$519,600
Improvement market value
$1,810,300
Total market value
$2,329,900
Applied tax rate
11.0000
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
Off-Market
Year built
1995
Heating
YES
Cooling
YES
Stories
1
Units
7
Total area
13,408 SF
Lot
0.99 ac (43,299 SF)
Zoning code
C-2
APN
765-18525-000
UPID
US05-0817276
Jurisdiction
WASHINGTON
Zoning & alternative use
C-2 · Fayetteville, AR
Zoning C-2 · permitted uses
C-2 · Fayetteville, AR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fayetteville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$890,000
OFFICE BUILDING
Est. value
$795,000
MEDICAL BUILDING Current
OFFICE BUILDING
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
1995
Heating
YES
Cooling
Yes
Stories
1
Units
7
Lot
0.99 ac
Current owner
From public records · entity-resolved
Lrdf1 Fayetteville LLC
Entity
Mailing address
2115 CAMBRIDGE ST, SPRINGDALE, AR 72764-6172
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2025
—
Northpark Place LLC
—
Deed
related
$1,511,627 · Arvest Bank
May 16, 2006
$2,549,000
Lrdf1 Fayetteville LLC
J & B Tall LLC
Special Warranty Deed
$4,700,000 · Liberty Bank Of Arkansas
Apr 5, 2005
$586,000
Pediatric Building Group LLC
Northpark Development INC
Corporation Deed
—
Apr 5, 2005
—
Northpark Development INC
Northpark Place LLC
Warranty Deed
$3,096,798 · Community First Bank
Feb 1, 2005
—
Northpark Place LLC
Northpark Development INC
Corporation 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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