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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Outlet malls
8510 Colonel Glenn Rd, Little Rock, AR 72204-8229
Entity Owned
14-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0446119
Property summary
AI-generated overview
This exceptional 7,429-square-foot freestanding retail building is available for sublease at $8.50 per square foot on a triple-net basis. Located at 8510 Colonel Glenn Road in Little Rock, Arkansas, this single-story property sits on a spacious 1.5-acre lot, providing excellent visibility and accessibility. Boasting prominent Colonel Glenn Road frontage, the building benefits from high daily traffic counts, with approximately 18,000 vehicles passing by. Its strategic location near established businesses and the University of Arkansas Little Rock ensures a strong customer base. The property's substantial size and ample frontage make it ideal for a variety of retail uses. The surrounding area is densely populated, with over 65,000 households within a 5-mile radius, presenting a significant market opportunity. This sublease opportunity is perfect for businesses seeking a high-traffic location in a thriving Little Rock commercial area. The property is in Pulaski County, Arkansas, and has a 72204 zip code. The entire 7,429 square feet is currently vacant.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2002
Total area
7,862 SF
Lot
1.5 ac (65,340 SF)
APN
44L-148-00-014-01
UPID
US05-0446119
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
-
Family Dollar Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.30M
Owner & transaction history
Cole Fd Portfolio III LLC · 14 yrs held
Cole Fd Portfolio III LLC
since 2012
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+22.0%
Medical building
$1.3M
+7.6%
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%
$1,470,000
6.5%
$1,355,000
7%
$1,260,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,200,000
Current use
COMMERCIAL (GENERAL)
$1,465,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$1,290,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,025,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±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
$165 / 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
$10,189
Tax year 2024
Assessed value
$145,560
Assessed 2024
Previous assessed
$145,560
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$41,273
Assessed improvement
$104,287
Land market value
$206,365
Improvement market value
$521,435
Total market value
$727,800
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,862 SF
Lot
1.5 ac (65,340 SF)
APN
44L-148-00-014-01
UPID
US05-0446119
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
RETAIL STORES Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Cole Fd Portfolio III LLC
Entity
Free & Clear · 14 yrs held
Mailing address
500 VOLVO PKWY, CHESAPEAKE, VA 23320-1604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2012
$779,000
Cole Fd Portfolio III LLC
Family Dollar Stores Of Arkansas
Grant Deed
—
—
—
Cole Fd Portfolio III LLC
—
Deed Of Trust
related
$27,725,000 · Gs Commercial Real Estate LP
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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