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Property profile & analytics
FOR SALE
Warehouses
424 Vine St North Little Rock, AR 72114
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-2388597
For Sale
1 / 4
$2,015,000
424 Vine St, North Little Rock, AR 72114
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Property summary
AI-generated overview
This exceptional investment opportunity comprises three industrial warehouse buildings totaling 52,228 square feet, situated on multiple parcels in desirable North Little Rock, Arkansas. The property includes three buildings located at 311 N Cedar St, 317 N Cedar St, and 319 N Cedar St, each on approximately 0.17 acres, and an additional property at 316 N Cedar St, encompassing 1.87 acres. A further 1.78-acre parcel is located at 424 N Vine St. The combined land area across all parcels ranges from 0.17 to 1.87 acres. Built in 1976, these versatile buildings offer significant potential for various industrial uses. Their prime location in North Little Rock ensures convenient access and accessibility for businesses. The property boasts a strong rental history, making it an attractive investment for those seeking a stable and profitable asset in a thriving market. The APN numbers for the properties are: 33N3040002500 & 33N3080009803
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1976
Total area
52,228 SF
Lot
1.78 ac (77,537 SF)
APN
33N-304-00-022-00
UPID
US05-2388597
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$2.02M
Owner & transaction history
Saxony Properties LLC · 6 yrs held
Saxony Properties LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.8M
+26.5%
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 North Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,175,000
Current use
INDUSTRIAL (GENERAL)
$2,755,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$2.02M
Range $1.81M – $2.22M · ±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
$39 / 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
$11,898
Tax year 2024
Assessed value
$178,120
Assessed 2024
Previous assessed
$178,120
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$23,251
Assessed improvement
$154,869
Land market value
$116,255
Improvement market value
$774,345
Total market value
$890,600
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1976
Heating
NONE
Cooling
NONE
Stories
1
Total area
52,228 SF
Lot
1.78 ac (77,537 SF)
APN
33N-304-00-022-00
UPID
US05-2388597
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
INDUSTRIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE Current
INDUSTRIAL (GENERAL)
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
1976
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Saxony Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
316 N CEDAR ST, NORTH LITTLE ROCK, AR 72114-4809
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2020
—
Saxony Properties LLC
—
Deed
related
$387,268 · First Security Bank
Oct 2, 2019
—
Saxony Properties LLC
Henderson,rick D & Nancy L
Quit Claim Deed
related
—
Apr 30, 2007
$960,000
Rick D Henderson
Bradshaw,stanley K JR & Suzanne L
Warranty Deed
—
—
—
Henderson,rick D
—
Loan Modification
related
—
—
—
Rick D Henderson
—
Deed Of Trust
related
$650,000 · Pulaski Bank
—
—
Rick D Henderson
—
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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