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    Property profile & analytics

    1324 Main St Little Rock, AR 72202-5034

    • Retail space
    • 5,820 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    May 03, 2021
    $560,000
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0687841
    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

    • clement. / Home Decor Store / (Bike/Boat/Book/etc) Store
    • Us Able Life / Hardware & Home Improvement / Building Supply
    • Advanced Physical Therapy of Little Rock - SoMa / Medical Clinic
    • Home Pest Control of Little Rock / Animal Shelter / Pet Adoption Service
    • Sweet Home / Home Decor Store / (Bike/Boat/Book/etc) Store

    Property Details for 1324 Main St

    Year built
    1930
    Lot size
    0.29 lot acres
    Property size
    5,820 SF
    Property type
    Retail space
    APN
    34L-020-53-001-00
    APU
    34L0205300100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $595,000
      ML approach
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $491,000
      Market price range: $278k - $741k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $890,000
      Current use
      MEDICAL BUILDING
      $955,000
      Change: +8% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $760,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2731
    Latitude
    34.7356
    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
    $7,764
    $50,180
    $60,740
    $110,920
    -
    $250,900
    $303,700
    $554,600

    Comparable in this City

    • Value Estimation by Request
      1,250 SF

      316 11th St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      316 11th St, Little Rock, AR 72202-5115
      View Details
    • Value Estimation
      $630,000
      6,000 SF

      1121 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      1121 Spg St, Little Rock, AR 72202-4849
      View Details
    • Value Estimation
      $1,140,000
      24,499 SF

      1222 Spg St

      RETAIL STORES (PERSONAL SERVICES) • 24,499 SF
      1222 Spg St, Little Rock, AR 72202-4852
      View Details
    • Value Estimation by Request
      2,944 SF

      112 Daisy L Gatson Bates Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,944 SF
      112 Daisy L Gatson Bates Dr, Little Rock, AR 72202-4910
      View Details
    • Value Estimation by Request
      1,415 SF

      620 Daisy L Gatson Bates Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,415 SF
      620 Daisy L Gatson Bates Dr, Little Rock, AR 72202-4818
      View Details
    • Value Estimation by Request
      3,346 SF

      1820 Wright Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,346 SF
      1820 Wright Ave, Little Rock, AR 72202-6056
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,137 SF

      Retail Space in Little Rock

      Retail space available for lease in Little Rock, Arkansas.
      1222 S Main St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      2,880 SF

      Versatile Commercial Space in Little

      2,880 SF commercial building suitable for retail, office, or industrial.
      415 W 12Th St, Little Rock, AR 72202
      View Details
    • Contact for pricing

      S State St, Little Rock, AR 72202

      Commercial land
      S State St, Little Rock, AR 72202
      View Details
    • $1,395,000
      49,000 SF

      Mixed-Use Building in Little Rock

      49,000 SF building with warehouse, office, and kitchen space.
      1110 W 7Th St, Little Rock, AR 72202
      View Details
    • Contact for pricing
      0.12 Acres

      Residential Lot in Little Rock

      Residential lot for sale near East Village neighborhood.
      1804 Security Ave, Little Rock, AR 72202
      View Details
    • Contact for pricing
      0.10 Acres

      Residential Lot Near Philander Smith

      Vacant residential lot near Philander Smith College in Little Rock.
      1114 W 12Th St, Little Rock, AR 72202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,900 SF

      Retail Space in Riverdale Neighborhood

      Retail space available in the prominent Riverdale neighborhood.
      3414-3424 Old Cantrell Rd, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5,400 SF

      I-30 Frontage Retail Space

      Little Rock, AR: Prime Retail/Restaurant Opportunity
      913 Mcmath Ave, Little Rock, AR 72202
      View Details
    • Contact for pricing
      5,884 SF

      Retail Space in Little Rock

      Retail property available for lease in Little Rock, Arkansas.
      2500-2610 Cantrell Rd, Little Rock, AR 72202
      View Details
    • $144 SF/Yr
      2,880 SF

      Downtown Little Rock Flex Space

      Versatile 2,880 sq ft flex space; prime location.
      415 12Th St, Little Rock, AR 72202
      View Details
    • Contact for pricing

      SoMa District Creative Office Space

      Renovated creative office and studio space in SoMa District.
      1501 S Main St, Little Rock, AR 72202
      View Details
    • Contact for pricing

      Second Floor Office Space Available

      Office space for lease with convenient access to major locations.
      1003 Doctor M.l.k. Jr Dr, Little Rock, AR 72202
      View Details
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    1324 Main St
    Little Rock, AR 72202-5034
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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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