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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11951 Maumelle Blvd North Little Rock, AR 72113-6568

    • Retail space
    • 6,000 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-1566195
    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

    • Mattress Firm Maumelle / Furniture & Home Goods
    • Verizon / Electronics & Wireless Store

    Property Details for 11951 Maumelle Blvd

    Year built
    2016
    Lot size
    0.96 lot acres
    Property size
    6,000 SF
    Property type
    Retail space
    APN
    43N-004-20-007-00
    APU
    43N0042000700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $925,000
      6.5%
      $850,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $380,000
      Market price range: $179k - $380k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $595,000
      Current use
      COMMERCIAL (GENERAL)
      $540,000
      Change: -9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $530,000
      Change: -11% Conversion: Difficult
      OFFICE BUILDING
      $515,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.394
    Latitude
    34.83
    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
    $16,955
    $134,803
    $176,237
    $311,040
    -
    $674,015
    $881,185
    $1,555,200

    Comparable in this City

    • Value Estimation by Request
      2,745 SF

      21419 Hwy 365th N

      RETAIL STORES (PERSONAL SERVICES) • 2,745 SF
      21419 Hwy 365th N, North Little Rock, AR 72113-9119
      View Details
    • Value Estimation
      $1,080,000
      5,115 SF

      11825 Maumelle Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,115 SF
      11825 Maumelle Blvd, North Little Rock, AR 72113-6567
      View Details
    • Value Estimation by Request
      5,000 SF

      9313 Maumelle Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      9313 Maumelle Blvd, North Little Rock, AR 72113-6609
      View Details
    • Value Estimation by Request
      2,448 SF

      700 Edgewood Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,448 SF
      700 Edgewood Dr, Maumelle, AR 72113-6271
      View Details
    • Value Estimation by Request
      4,988 SF

      301 Commerce Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,988 SF
      301 Commerce Dr, Maumelle, AR 72113-6710
      View Details
    • Value Estimation
      $1,150,000
      9,100 SF

      9340 White Oak Xing

      RETAIL STORES (PERSONAL SERVICES) • 9,100 SF
      9340 White Oak Xing, N Little Rock, AR 72113-7800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,500 SF

      Accessible Commercial Space Near I-40

      Suites available near I-40, ideal for office, retail, or service.
      301 Millwood Cir, Maumelle, AR 72113
      View Details
    • $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
      2,005 SF

      New Construction NNN Lease Property

      New 2021 construction, single tenant, absolute NNN lease investment.
      113 Audubon Dr, Maumelle, AR 72113
      View Details
    • $1,350,000
      2,800 SF

      Freestanding Drive-Through Restaurant For Sale

      2,800 SF drive-through restaurant on 0.72 acres, built in 2008.
      11941 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • $1,700,000
      7,128 SF

      Maumelle Shopping Center For Sale

      Shopping center in fast-growing area near White Oak Crossing/I40 intersection.
      1020 Country Club Pkwy, Maumelle, AR 72113
      View Details
    • 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

      Richdale Center: Maumelle Flex Space

      Versatile Maumelle commercial space, multiple suites available.
      9800 Maumelle Blvd, North Little Rock, AR 72113
      View Details
    • $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
    • $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
    • $1,800 /Mo
      5,000 SF

      High-Visibility Retail/Office Space Available

      5,000 SF space with high foot traffic and co-tenancy.
      11701 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • Contact for pricing
      7,128 SF

      Maumelle Retail/Office Space Available

      Retail/office spaces available in a fast-growing Maumelle location.
      1020 Country Club Pkwy, 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
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    11951 Maumelle Blvd
    North Little Rock, AR 72113-6568
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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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