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    115 N Taylor St Little Rock, AR 72205
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    115 N Taylor St Little Rock, AR 72205

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    • Commercial real estate
    • 17,550 SF
    • 0.76 lot acres
    For Sale
    $1,900,000
    View Listing →
    27-Unit Multifamily Complex in Little Rock For Sale
    $1,900,000
    16,143 SF

    27-Unit Multifamily Complex in Little Rock

    Updated 27-unit complex in Little Rock's Midtown area.

    115 N Taylor St, Little Rock, AR 72205
    View Listing
    Property ID
    US05-0424912
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Midtown Suites / Hotel & Motel / Bed & Breakfast

    Property Details for 115 N Taylor St

    Year built
    1955
    Lot size
    0.76 lot acres
    Property size
    17,550 SF
    Property type
    Commercial real estate

    Description

    This exceptional 27-unit apartment building, located at 115 N Taylor Street in Little Rock, Arkansas, presents a compelling investment opportunity. Boasting 17,550 square feet on a 0.76-acre lot, this property offers significant value-add potential. Constructed in 1955, the building is zoned O-3 and benefits from its prime Midtown location. Its proximity to major medical facilities, including UAMS (1.2 miles) and CHI St. Vincent's Hospital (0.3 miles), ensures consistent tenant demand. The property's strategic location also places it within easy reach of numerous amenities, including Park Plaza Mall, MidTowne Shopping Center, Target, The Little Rock Zoo, War Memorial Park, and Stadium. Residents enjoy convenient access to downtown Little Rock, major employment centers, government offices, and cultural attractions. The asking price for this multifamily investment is $1,995,000. This presents a rare chance to acquire a well-situated property with strong potential for future growth and returns in a thriving Arkansas market. The property's size and location make it an ideal investment for both seasoned and emerging real estate investors seeking a stable and appreciating asset in a desirable urban setting. Further investigation into the property's financial records and operational details is encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3359257
    Latitude
    34.7527533

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      27-Unit Multifamily Complex in Little Rock

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      View Details
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    Similar Nearby for Sale

    • $599,000
      4,320 SF

      Renovated Little Rock Apartment Complex

      Fully renovated 8-unit apartment complex with recent infrastructure upgrades.
      9 Meredith Ct, Little Rock, AR 72205
      View Details
    • New
      $1,395,000
      13,468 SF

      Updated 16-Unit Apartment Complex

      Well-maintained Little Rock apartment complex with modern updates and strong occupancy.
      515 Brookside Dr, Little Rock, AR 72205
      View Details
    • $799,000
      8,582 SF

      West Central Little Rock Apartments

      Renovated 8-unit apartment building in high-demand Little Rock area.
      1900 Labette Manor Dr, Little Rock, AR 72205
      View Details
    • $1,900,000
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      27-Unit Multifamily Complex in Little Rock

      Updated 27-unit complex in Little Rock's Midtown area.
      115 N Taylor St, Little Rock, AR 72205
      View Details
    • $595,000
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      View Details
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      Little Rock Multi-Family Opportunity

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    Similar Nearby for Lease

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      Retail Space on Shackleford Road

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    View Listing
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    Little Rock, AR 72205
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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.

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