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Property profile & analytics
OFF-MARKET
Estimated value
$1,375,000
High-rise multifamily apartments
111 Mckinley St, Little Rock, AR 72205-2066
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-1840582
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2014
Total area
72,317 SF
Lot
1.35 ac (58,806 SF)
APN
44L-006-03-009-00
UPID
US05-1840582
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
-
Q.M.I.S LLC General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.38M
Owner & transaction history
Park Ave Lofts Little Rock LLC · 6 yrs held
Park Ave Lofts Little Rock LLC
since 2019
7 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 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
$925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,390,000
Current use
Blend value · Realmo final
$1.38M
Range $1.24M – $1.51M · ±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
$19 / 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
$102,018
Tax year 2024
Assessed value
$1,457,400
Assessed 2024
Previous assessed
$1,457,400
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$234,636
Assessed improvement
$1,222,764
Land market value
$1,173,180
Improvement market value
$6,113,820
Total market value
$7,287,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
2014
Heating
NONE
Cooling
NONE
Stories
4
Units
55
Total area
72,317 SF
Lot
1.35 ac (58,806 SF)
APN
44L-006-03-009-00
UPID
US05-1840582
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS) Current
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
2014
Heating
NONE
Cooling
Yes
Stories
4
Units
55
Lot
1.35 ac
Current owner
From public records · entity-resolved
Park Ave Lofts Little Rock LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1909 WOODALL RODGERS FWY STE #300, DALLAS, TX 75201-2255
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2019
$34,250,000
Park Ave Lofts Little Rock LLC
Er Pk Ave Apts Spe LLC
Grant Deed
—
Aug 28, 2019
$200,000
Park Ave Little Rock Outparcel
Er Pk Ave Apts Spe LLC
Grant Deed
—
Aug 23, 2019
$200,000
Park Ave Little Rock Outparcel
Er Pk Ave Apts Spe LLC
Grant Deed
—
Jul 27, 2017
—
Helco Lofts LLC
Er Park Avenue Apts Spe LLC
Grant Deed
—
Sep 1, 2016
—
Er Park Avenue Apartments Spe
—
Deed
related
$28,800,000 · Keybank USA
Aug 30, 2016
—
Er Park Avenue Apartments Spe
Er Park Avenue Apartments LLC
Quit Claim Deed
$28,800,000 · Keybank USA
Jul 13, 2016
—
Er Park Avenue Apartments LLC
—
Deed
related
$28,800,000 · Keybank USA
Jun 8, 2015
$36,000,000
Er Park Avenue Apartments LLC
Park Avenue Apartments LLC
Grant Deed
related
$28,800,000 · Keybank USA
—
—
Er Park Avenue Apartments Spe
—
Loan Modification
related
$28,800,000 · Keybank USA
—
—
Er Park Avenue Apartments LLC
—
Loan Modification
related
$28,800,000 · Keybank USA
—
—
Er Park Avenue Apartments Spe
—
Loan Modification
related
$28,800,000 · Keybank USA
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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