New search
Property profile & analytics
FOR LEASE
Super regional malls
2608 S Shackleford Rd, Little Rock, AR 72205
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0246497
For Lease
1 / 2
$14 SF/Yr
2608 S Shackleford Rd, Little Rock, AR 72205
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2007
Total area
20,890 SF
Lot
30.45 ac (1,326,402 SF)
APN
44L-078-18-005-00
UPID
US05-0246497
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
-
Elegant Accent Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Main Event Entertainment INC · 3 yrs held
Main Event Entertainment INC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+42.6%
Medical building
$3.4M
+25.8%
Retail stores
$3.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,730,000
Current use
COMMERCIAL (GENERAL)
$3,890,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$3,430,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$3,190,000
Change: +17% · Conversion: Easy
OFFICE BUILDING
$2,575,000
Change: -6% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,390,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.51M
Range $2.25M – $2.76M · ±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
$120 / 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
$154,000
Tax year 2024
Assessed value
$2,200,000
Assessed 2024
Previous assessed
$2,200,000
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$1,989,603
Assessed improvement
$210,397
Land market value
$9,948,015
Improvement market value
$1,051,985
Total market value
$11,000,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
2007
Heating
NONE
Cooling
NONE
Buildings
7
Stories
1
Total area
20,890 SF
Lot
30.45 ac (1,326,402 SF)
APN
44L-078-18-005-00
UPID
US05-0246497
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
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.2M
OFFICE BUILDING
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
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
2007
Heating
NONE
Cooling
Yes
Stories
1
Buildings
7
Lot
30.45 ac
Current owner
From public records · entity-resolved
Main Event Entertainment INC
Entity
Free & Clear · 3 yrs held
Mailing address
4641 S NALL RD STE #500, DALLAS, TX 75244-4618
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2023
—
Main Event Entertainment INC
Ventures Karma LLC
Lease
—
Dec 10, 2021
—
Ventures Karma LLC
—
Deed
related
$15,050,000 · Chambers Bank
Dec 18, 2019
$10,500,000
Ventures Karma LLC
Crossings Invtrs L Shackleford
Grant Deed
—
Jul 15, 2011
$42,000,000
Crossings Invtrs L Shackleford
Commissioner Of Pulaski County
Trustees Deed
—
May 20, 2009
—
Record Owner
Shackleford Crossings LLC
Grant Deed
related
—
Apr 29, 2008
—
Shackleford Crossings LLC
—
Trustees Deed
related
$53,225,000 · M & I Marshall & Isley Bank
Jan 29, 2007
—
Shackleford Crossing LLC
—
Trustees Deed
related
$53,225,000 · M & I Marshall & Isley Bank
—
—
Shackleford Crossings Invtrs L
—
Deed Of Trust
related
$36,200,000 · Amegy Bk
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.
