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Property profile & analytics
OFF-MARKET
Estimated value
$4,530,000
Medical Office Space
4200 Rodney Parham Rd Little Rock, AR 72212-2461
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0442114
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Total area
25,040 SF
Lot
2.1 ac (91,476 SF)
APN
43L-022-05-003-00
UPID
US05-0442114
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
-
Rhoda M. Hooper, OT Physician
-
Laurie Barber Ophthalmologist
-
Dr. Jacey Guthrie Physician Medical Clinic
-
Innovative Spine Rehab 2 Medical Clinic
-
Megan Herring Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.68M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$4.53M
Owner & transaction history
Rush Investments LLC · 8 yrs held
Rush Investments LLC
since 2018
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+13.4%
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 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%
$3,980,000
6.5%
$3,675,000
7%
$3,410,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,115,000
Current use
COMMERCIAL (GENERAL)
$4,665,000
Change: +13% · Conversion: Easy
RETAIL STORES
$3,825,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.53M
Range $4.08M – $4.98M · ±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
$181 / 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
$53,726
Tax year 2024
Assessed value
$1,014,000
Assessed 2024
Previous assessed
$1,014,000
+0.0% YoY
Effective rate
5.30%
On assessed value
Assessed land
$329,314
Assessed improvement
$684,686
Land market value
$1,646,570
Improvement market value
$3,423,430
Total market value
$5,070,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
NONE
Stories
2
Total area
25,040 SF
Lot
2.1 ac (91,476 SF)
APN
43L-022-05-003-00
UPID
US05-0442114
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
MEDICAL BUILDING Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$4.7M
RETAIL STORES
Est. value
$3.8M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
2002
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Rush Investments LLC
Entity
Mailing address
200 RIV MARKET AVE STE #600, LITTLE ROCK, AR 72201-1777
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2018
—
Rush Investments LLC
—
Deed
related
$1,800,000 · First Service Bank
—
—
Rush Investments LLC
—
Deed Of Trust
related
$2,179,000 · Bank Of The Ozarks
—
—
Rush Investments LLC
—
Deed Of Trust
related
$2,100,000 · First National Bank
—
—
Rush Investments LLC
—
Deed Of Trust
related
$2,081,106 · Bank Of The Ozarks
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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