New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,795,000
Medical Office Space
800 Fair Park Blvd, Little Rock, AR 72204-1720
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0154771
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Total area
78,004 SF
Lot
4.44 ac (193,406 SF)
APN
34L-112-00-006-00
UPID
US05-0154771
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
-
Midtown Clinic Medical Clinic
-
OrthoArkansas Medical Clinic
-
Kirk A. Reynolds, M.D. Physician
-
Anthony L. Capocelli, M.D. Physician
-
Jay M. Lipke, M.D. Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.45M
Comparable Approach
Comparable
$8.53M
Blend (final)
Blend
$9.80M
Owner & transaction history
Arkansas Specialty Partners LLC · 1 yrs held
Arkansas Specialty Partners LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.5M
+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%
$12,400,000
6.5%
$11,445,000
7%
$10,630,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,810,000
Current use
COMMERCIAL (GENERAL)
$14,530,000
Change: +13% · Conversion: Easy
RETAIL STORES
$11,910,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$9.80M
Range $8.82M – $10.77M · ±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
$126 / 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
$340,195
Tax year 2024
Assessed value
$4,859,930
Assessed 2024
Previous assessed
$4,859,930
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$480,947
Assessed improvement
$4,378,983
Land market value
$2,404,735
Improvement market value
$21,894,915
Total market value
$24,299,650
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
2018
Heating
NONE
Cooling
NONE
Stories
4
Total area
78,004 SF
Lot
4.44 ac (193,406 SF)
APN
34L-112-00-006-00
UPID
US05-0154771
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
$12.8M
COMMERCIAL (GENERAL)
Est. value
$14.5M
RETAIL STORES
Est. value
$11.9M
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
2018
Heating
NONE
Cooling
Yes
Stories
4
Lot
4.44 ac
Current owner
From public records · entity-resolved
Arkansas Specialty Partners LLC
Entity
Mailing address
600 S MCKINLEY ST #300, LITTLE ROCK, AR 72205-5225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2026
—
Arkansas Specialty Partners LLC
—
Deed
related
$39,500,000 · Truist Bank
Jun 20, 2025
$1,489,330
Arkansas Specialty Partners LLC
Jonesboro Investment Co LLC
Warranty Deed
$1,868,750 · Truist Bank
Jun 29, 2020
—
Arkansas Specialty Ptrs LLC
—
Deed Of Trust
related
$16,447,500 · Truist Bk
May 3, 2018
—
St Mark Bapist Church
—
Deed
related
$1,000,000 · First Sec Bk/nv
Jan 23, 2017
$2,500,000
Arkansas Specialty Ptrs LLC
Aa Dev At Midtown INC
Warranty Deed
$2,000,000 · Arvest Mtg
Oct 7, 2016
—
Aa Dev At Midtown INC
—
Deed
related
—
Nov 30, 2009
$2,815,000
Aa Dev At Midtown INC
Aa Storage Dev LLC
Warranty Deed
—
Nov 23, 2009
—
Aa Storage Dev LLC
—
Trustees Deed
related
$1,500,000 · One Bank & Trust
Jun 24, 2008
—
Aa Storage Dev LLC
—
Trustees Deed
related
—
—
—
Aa Dev At Midtown INC
—
Loan Modification
related
—
—
—
Aa Dev At Midtown INC
—
Deed Of Trust
related
$1,526,752 · One Bank & Trust
—
—
Aa Dev At Midtown INC
—
Deed Of Trust
related
$1,727,133 · One Bank & Trust
—
—
Aa Dev At Midtown INC
—
Loan Modification
related
—
—
—
St Mark Bapist Church
—
Loan Modification
related
$1,000,000 · First Sec Bk/nv
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?”
You own 800 Fair Park Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
