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    21310 Hwy 365th N North Little Rock, AR 72113-9115

    • Showrooms
    • 2,699 SF
    • 1.59 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    9.5%
    Showrooms
    Location Intelligence
    Property ID
    US05-0230832
    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

    • Showrooms

    Property Details for 21310 Hwy 365th N

    Year built
    1981
    Lot size
    1.59 lot acres
    Property size
    2,699 SF
    Property type
    Showrooms
    APN
    42R-022-25-021-00
    APU
    42R0222502100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $420,000
      6.5%
      $385,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $236,000
      Market price range: $132k - $497k
      AI Estimate
      $166,000
      Market price range: $59.6k - $344k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $240,000
      Current use
      RETAIL STORES
      $265,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $235,000
      Change: -2% Conversion: Difficult
      OFFICE BUILDING
      $235,000
      Change: -4% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $215,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3899
    Latitude
    34.884
    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
    $2,404
    $29,944
    $17,370
    $47,314
    -
    $149,720
    $86,850
    $236,570

    Comparable in this City

    • Value Estimation
      $140,000
      5,332 SF

      13806 Overstreet Rd

      SHOW ROOM, WAREHOUSE • 5,332 SF
      13806 Overstreet Rd, North Little Rock, AR 72113-9740
      View Details
    • Value Estimation
      $390,000
      5,000 SF

      10300 Riverview Corporate Dr

      SHOW ROOM, WAREHOUSE • 5,000 SF
      10300 Riverview Corporate Dr, North Little Rock, AR 72113-7399
      View Details
    • Value Estimation
      $660,000
      48,800 SF

      9460 Maumelle Blvd

      SHOW ROOM, WAREHOUSE • 48,800 SF
      9460 Maumelle Blvd, North Little Rock, AR 72113-6611
      View Details
    • Value Estimation
      $620,000
      32,960 SF

      10921 Maumelle Blvd

      SHOW ROOM, WAREHOUSE • 32,960 SF
      10921 Maumelle Blvd, North Little Rock, AR 72113-6630
      View Details
    • Value Estimation
      $1,010,000
      6,000 SF

      14844 Ingram Rd

      SHOW ROOM, WAREHOUSE • 6,000 SF
      14844 Ingram Rd, North Little Rock, AR 72113-9725
      View Details
    • Value Estimation
      $715,000
      16,000 SF

      9221 Maumelle Blvd

      SHOW ROOM, WAREHOUSE • 16,000 SF
      9221 Maumelle Blvd, North Little Rock, AR 72113-6678
      View Details

    Similar Nearby for Sale

    • $1,250,000
      4,000 SF

      Maumelle Commercial Building and Land

      Commercial investment opportunity near major highways in growing Maumelle.
      21505 Highway 365 N, Maumelle, AR 72113
      View Details
    • $2,449,000
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      New Construction NNN Lease Property

      New 2021 construction, single tenant, absolute NNN lease investment.
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    • $1,350,000
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      Freestanding Drive-Through Restaurant For Sale

      2,800 SF drive-through restaurant on 0.72 acres, built in 2008.
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    • $350,000
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      Maumelle Commercial Land - $350K

      High-visibility commercial lot, prime location.
      0 Long Fisher Rd, Maumelle, AR 72113
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    • $28,880,280
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      Maumelle Blvd Commercial Land Investment

      127 Acres, Prime Commercial Development
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    • Contact for pricing
      1.67 Acres

      Maumelle Commercial Land - 1.67 Acres

      Prime 1.67-acre commercial lot in Maumelle, AR.
      0 Nec Commerce Dr, Maumelle, AR 72113
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      125,816 SF

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      Versatile Maumelle commercial space, multiple suites available.
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      View Details
    • New
      $1,096 /Mo
      1,012 SF

      Retail and Office Center Lease

      Retail and office spaces in a highly visible Maumelle center.
      301 Millwood Cir, Maumelle, AR 72113
      View Details
    • $12 SF/Yr
      1,900 SF

      Maumelle Retail Space Available

      1,900 SF retail space with easy highway access.
      8735 Sheltie Dr, Maumelle, AR 72113
      View Details
    • New
      $1,110 /Mo
      1,055 SF

      Retail and Office Center Lease

      Highly visible retail and office center in Maumelle, Arkansas.
      301 Millwood Cir, Maumelle, AR 72113
      View Details
    • Contact for pricing
      7,128 SF

      Country Club Plaza Office Suites

      Modern Maumelle Office Space, High Visibility
      1020 Country Club Pkwy, Maumelle, AR 72113
      View Details
    • $15 SF/Yr
      23,700 SF

      River Stone Plaza: Office Space Available

      Prime Maumelle Blvd Office Space; Multiple Tenants Welcome
      2001 Club Manor Dr, Maumelle, AR 72113
      View Details
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    North Little Rock, AR 72113-9115
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    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
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