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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Medical Office Space
2908 University Ave, Little Rock, AR 72204-6007
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0229557
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1956
Total area
61,398 SF
Lot
6.07 ac (264,409 SF)
APN
44L-115-00-001-00
UPID
US05-0229557
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
-
The Pipe & Tobacco Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$3.50M
Owner & transaction history
Mandani Holdings LLC · 4 yrs held
Mandani Holdings LLC
since 2022
Last sale
$3.5M
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 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
$3,540,000
ML approach
$3,455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Feb 9 2022)
Last sale anchor
$3.50M
Feb 9 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
$57 / 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
$45,051
Tax year 2024
Assessed value
$643,580
Assessed 2024
Previous assessed
$643,580
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$211,527
Assessed improvement
$432,053
Land market value
$1,057,635
Improvement market value
$2,160,265
Total market value
$3,217,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1956
Heating
NONE
Cooling
NONE
Buildings
4
Stories
1
Total area
61,398 SF
Lot
6.07 ac (264,409 SF)
APN
44L-115-00-001-00
UPID
US05-0229557
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
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
6.07 ac
Current owner
From public records · entity-resolved
Mandani Holdings LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3801 W 65TH ST, LITTLE ROCK, AR 72209-8553
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
$3,500,000
Mandani Holdings LLC
Bsc University LLC
Special Warranty Deed
—
Oct 30, 2018
$3,225,000
Bsc University LLC
Broadmoor Shopping Center LLC
Grant Deed
$2,580,000 · Centennial Bk
Oct 30, 2018
—
J D & E INC
—
Deed
related
$2,580,000 · Centennial Bk
—
—
J D & E INC
—
Deed Of Trust
related
$2,580,000 · Centennial Bk
—
—
Bsc Acquisition Co LLC
—
Deed Of Trust
related
—
—
—
Broadmoor Shopping Center LLC
—
Loan Modification
related
—
—
—
Bsc Acquisition Co LLC
—
Deed Of Trust
related
—
—
—
Broadmoor Shopping Center LLC
—
Deed Of Trust
related
—
—
—
Broadmoor Shopping Center LLC
—
Deed Of Trust
related
—
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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