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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
High-rise multifamily apartments
1400 Cumberland St, Little Rock, AR 72202-5063
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0070192
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1912
Total area
38,087 SF
Lot
0.82 ac (35,719 SF)
APN
34L-200-02-002-00
UPID
US05-0070192
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
-
Eastside Lofts II Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$630k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$390k
Blend (final)
Blend
$510k
Owner & transaction history
Federal National Mortgage Associati · 1 yrs held
Federal National Mortgage Associati
since 2025
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
$630,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$735,000
Current use
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$13 / 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
$20,266
Tax year 2024
Assessed value
$311,800
Assessed 2024
Previous assessed
$311,800
+0.0% YoY
Effective rate
6.50%
On assessed value
Assessed land
$35,719
Assessed improvement
$276,081
Land market value
$178,595
Improvement market value
$1,380,405
Total market value
$1,559,000
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
1912
Heating
NONE
Cooling
NONE
Stories
4
Units
34
Total area
38,087 SF
Lot
0.82 ac (35,719 SF)
APN
34L-200-02-002-00
UPID
US05-0070192
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
$735,000
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
1912
Heating
NONE
Cooling
Yes
Stories
4
Units
34
Lot
0.82 ac
Current owner
From public records · entity-resolved
Federal National Mortgage Associati
Individual
Free & Clear · 1 yrs held
Mailing address
2004 MAIN ST, LITTLE ROCK, AR 72206-1526
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
$1,247,367
Federal National Mortgage Associati
Eastside Loft Apartments Phase II
Deed
related
—
Feb 7, 2025
—
Mf Blue Valley Apartments LLC
Federal National Mortgage Associati
Special Warranty Deed
—
Nov 25, 2009
—
Eastside Loft Apartments Phase
—
Trustees Deed
related
$732,069 · Arvest Bank
Nov 3, 2009
—
Eastside Loft Apartments Phase
—
Trustees Deed
related
$3,000,000 · Arvest Bank
Dec 9, 2008
—
Eastside Loft Apartments Phase
—
Trustees Deed
related
$3,000,000 · Arvest Bank
Dec 3, 2007
—
Eastside Loft Apartments Phase
—
Trustees Deed
related
$3,000,000 · Nef Mortgage Corp
Nov 19, 2007
—
Eastside Loft Apartments Phase
—
Trustees Deed
related
$130,000 · City Of Little Rock
—
—
Eastside Loft Apartments Phase
—
Deed Of Trust
related
$809,000 · Nef Mtg Corp
—
—
Eastside Loft Apartments Phase
—
Deed Of Trust
related
$1,526,500 · Local Initiatives Support Corp
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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