Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9700 Rodney Parham Rd Little Rock, AR 72227-6244

    • Retail properties
    • 34,597 SF
    • 2.78 lot acres
    OFF-MARKET
    Value Estimations
    $1,960,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0438408
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cupid's Lingerie / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Afrodesia Studio of Performing Arts / Recording Studio
    • CosmoProf / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • science cafe little rock / Cafe & Coffee Shop
    • Best Builders Inc / General Contractor / Renovation Specialist

    Property Details for 9700 Rodney Parham Rd

    Year built
    1977
    Lot size
    2.78 lot acres
    Property size
    34,597 SF
    Property type
    Retail properties
    APN
    43L-158-00-003-00
    APU
    43L1580000300

    Description

    The Galleria Shopping Center presents a unique investment opportunity in the desirable LR - West submarket. This single-story, 34,893 square foot building, constructed in 1977, offers a blend of retail and medical office space across eleven suites. Currently, there is 2,380 square feet of vacant retail space available, perfect for a variety of businesses. The property sits on a generous 2.79 acres of land, providing ample parking and potential for future expansion. The building's multi-tenant configuration allows for flexibility and diverse occupancy. This is an exceptional chance to acquire a well-located property in a thriving area, with immediate potential for income generation from the available retail space. The existing infrastructure provides a solid foundation for a new tenant, minimizing upfront investment costs. The property's location within the Galleria Shopping Center offers high visibility and convenient access for customers and employees. The combination of retail and medical office space creates a synergistic environment, attracting a broad range of clientele. This property is ideal for an investor seeking a stable, income-producing asset with significant upside potential. The available space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,715,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.381
    Latitude
    34.7616
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $35,000
    $363,735
    $136,265
    $500,000
    -
    $1,818,675
    $681,325
    $2,500,000

    Comparable in this City

    • Value Estimation
      $6,125,000
      15,340 SF

      9210 Rodney Parham Rd

      ROADSIDE MARKET • 15,340 SF
      9210 Rodney Parham Rd, Little Rock, AR 72227-6202
      View Details
    • Value Estimation by Request
      3,354 SF

      7600 Cantrell Rd

      CONVENIENCE STORE • 3,354 SF
      7600 Cantrell Rd, Little Rock, AR 72227-3320
      View Details
    • Value Estimation by Request
      4,327 SF

      9300 Rodney Parham Rd

      RESTAURANT • 4,327 SF
      9300 Rodney Parham Rd, Little Rock, AR 72227-6204
      View Details
    • Value Estimation
      $8,340,000
      46,329 SF

      10300 Rodney Parham Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 46,329 SF
      10300 Rodney Parham Rd, Little Rock, AR 72227-4845
      View Details
    • Value Estimation
      $535,000
      9,734 SF

      10121 Rodney Parham Rd

      RESTAURANT • 9,734 SF
      10121 Rodney Parham Rd, Little Rock, AR 72227-5597
      View Details
    • Value Estimation
      $745,000
      12,380 SF

      9501 Rodney Parham Rd

      RESTAURANT • 12,380 SF
      9501 Rodney Parham Rd, Little Rock, AR 72227-6207
      View Details

    Similar Nearby for Sale

    • $324,000
      4,392 SF

      Fourplex Townhouse Renovation Opportunity

      Four-unit townhouse in Little Rock, partially renovated after tornado damage.
      2007 Sanford Dr, Little Rock, AR 72227
      View Details
    • $150,000
      0.57 Acres

      Residential Lot with River Views

      Gated residential lot in Little Rock with river views.
      17 River Ridge Pt, Little Rock, AR 72227
      View Details
    • $67,000
      5.98 Acres

      Secluded Wooded Lot Near River Ridge

      Private, wooded 5.98-acre lot, ideal for building a dream home.
      10307 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $1,200,000
      1,475 SF

      Little Rock Investment Property Portfolio

      Five leased homes, excellent ROI, convenient location, and low maintenance.
      2 Wolfsbridge Loop, Little Rock, AR 72227
      View Details
    • $2,400,000
      26,974 SF

      Little Rock Multifamily Investment

      30-Unit Apartment Complex, Prime Location
      7700 Indian Trl, Little Rock, AR 72227
      View Details
    • $5,000,000
      31.55 Acres

      Residential Land in Little Rock

      31.55 acres with development potential in established residential area.
      3811 Foxcroft Rd, Little Rock, AR 72227
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      10,680 SF

      Retail Building Sublease Opportunity

      Prime retail location with high visibility and drive-thru.
      7601 Cantrell Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      125,404 SF

      Retail/Office Space in Little Rock

      Retail/office spaces available in a busy Little Rock location.
      10301 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $1,010 /Mo
      14,646 SF

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $32 SF/Yr
      2,587 SF

      Retail Space with Drive-Thru

      Bank space with drive-thru at Cantrell and Rodney Parham.
      11300 Cantrell Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      14,646 SF

      Little Rock Medical Office Suites

      Prime medical space, Little Rock, AR.
      10020 Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $20 SF/Yr
      2,772 SF

      Restaurant/Retail Space on Cantrell Road

      Restaurant or retail space with high traffic count.
      7811 Cantrell Rd, Little Rock, AR 72227
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9700 Rodney Parham Rd
    Little Rock, AR 72227-6244
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.