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Property profile & analytics
OFF-MARKET
Estimated value
$3,675,000
Motels
111 Harrell Dr Russellville, AR 72802-2256
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0716972
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2008
Total area
41,245 SF
Lot
1.62 ac (70,567 SF)
APN
868-80005-002C
UPID
US05-0716972
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
-
The UrbanLoft Co Apartment Complex Housing Complex
-
La Quinta Inn & Suites by Wyndham Russellville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.42M
CAP Approach
CAP
$3.69M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.68M
Owner & transaction history
Parkway Lodging LLC · 3 yrs held
Parkway Lodging LLC
since 2023
Last sale
$3.9M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Russellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Russellville 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
$3,500,000
ML approach
$3,415,000
CAP Approach
CAP Return
Estimation
6%
$3,995,000
6.5%
$3,690,000
7%
$3,425,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,595,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,900,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,775,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,720,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$2,595,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10% · vs last sale $3.89M (Mar 30 2023)
Last sale anchor
$3.89M
Mar 30 2023
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
$89 / 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
$27,984
Tax year 2024
Assessed value
$607,020
Assessed 2024
Previous assessed
$607,020
+0.0% YoY
Effective rate
4.61%
On assessed value
Assessed land
$56,450
Assessed improvement
$550,570
Land market value
$282,250
Improvement market value
$2,752,850
Total market value
$3,035,100
Applied tax rate
14.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2008
Heating
NONE
Cooling
NONE
Stories
3
Units
68
Total area
41,245 SF
Lot
1.62 ac (70,567 SF)
APN
868-80005-002C
UPID
US05-0716972
Jurisdiction
POPE
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
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$2.9M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
2008
Heating
NONE
Cooling
Yes
Stories
3
Units
68
Lot
1.62 ac
Current owner
From public records · entity-resolved
Parkway Lodging LLC
Entity
Mailing address
3019 E PKWY DR, RUSSELLVILLE, AR 72802-2004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Mar 30, 2023
$3,885,000
Parkway Lodging LLC
111 East Harrell Drive Holdings LLC
Special Warranty Deed
$3,000,000 · Centennial Bank
Oct 29, 2008
$4,800,000
Shree Ram LLC
Not Provided
Warranty Deed
—
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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