Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1400 Old Frg Dr Little Rock, AR 72227-5546

    • Office buildings
    • 149,479 SF
    • 9.13 lot acres
    OFF-MARKET
    Value Estimations
    $4,445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0410081
    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

    • Johnson Controls / Manufacturer
    • Infants World Childcare Center / Child Care Agency
    • Sturbridge Townhomes / Apartment Building / Townhouse Complex
    • Al3x Anti / Clothing Store
    • Infinite Technology / Computer Repair Service

    Property Details for 1400 Old Frg Dr

    Year built
    1973
    Lot size
    9.13 lot acres
    Property size
    149,479 SF
    Property type
    Office buildings
    APN
    43L-147-00-001-00
    APU
    43L1470000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,146,000
      Market price range: $4.15M - $17.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3848
    Latitude
    34.7664
    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
    $79,415
    $393,874
    $740,622
    $1,134,496
    -
    $1,969,370
    $3,703,110
    $5,672,480

    Comparable in this City

    • Value Estimation
      $805,000
      6,132 SF

      500 Pleasant Vly Dr

      OFFICE BUILDING • 6,132 SF
      500 Pleasant Vly Dr, Little Rock, AR 72227-2138
      View Details
    • Value Estimation by Request
      3,557 SF

      711 Towne Oaks Dr

      OFFICE BUILDING • 3,557 SF
      711 Towne Oaks Dr, Little Rock, AR 72227-6213
      View Details
    • Value Estimation by Request
      1,804 SF

      8024 Cantrell Rd

      OFFICE BUILDING • 1,804 SF
      8024 Cantrell Rd, Little Rock, AR 72227-2419
      View Details
    • Value Estimation
      $580,000
      12,948 SF

      2723 Foxcroft Rd Ste, Unit 106

      OFFICE BUILDING • 12,948 SF
      2723 Foxcroft Rd Ste, Little Rock, AR 72227-6512
      View Details
    • Value Estimation
      $510,000
      4,500 SF

      7707 T St

      OFFICE BUILDING • 4,500 SF
      7707 T St, Little Rock, AR 72227-4044
      View Details
    • Value Estimation
      $780,000
      6,185 SF

      500 Pleasant Vly Dr

      OFFICE BUILDING • 6,185 SF
      500 Pleasant Vly Dr, Little Rock, AR 72227-2138
      View Details

    Similar Nearby for Sale

    • $324,000
      4,392 SF

      Fourplex Townhouse Renovation Opportunity

      Four-unit townhouse in Little Rock, partially renovated after tornado damage.
      2007 Sanford Dr, Little Rock, AR 72227
      View Details
    • $340,000
      4,810 SF

      Little Rock Quadplex For Sale

      Multifamily property perfect for owner occupant or investor.
      1706 Sanford Dr, Little Rock, AR 72227
      View Details
    • $67,000
      5.98 Acres

      Secluded Wooded Land in Little Rock

      Private, wooded 6-acre property near River Ridge neighborhood.
      10307 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $2,400,000
      26,974 SF

      Little Rock Multifamily Investment

      30-Unit Apartment Complex, Prime Location
      7700 Indian Trl, Little Rock, AR 72227
      View Details
    • $45,000
      0.22 Acres

      Residential Lot in Quiet Neighborhood

      Ready-to-build residential lot in a friendly Little Rock neighborhood.
      2917 Charter Oak Dr, Little Rock, AR 72227
      View Details
    • $5,000,000
      31.55 Acres

      Residential Land in Little Rock

      31.55 acres with development potential in established residential area.
      3811 Foxcroft Rd, Little Rock, AR 72227
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      2,000 SF

      Two-Story Office Space For Rent

      2,000 SF office space with front door parking.
      2121 Watt St, Little Rock, AR 72227
      View Details
    • $1,010 /Mo
      14,646 SF

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $3,250 /Mo
      3,573 SF

      Office Space with Easy Access

      Office space with traffic light access and nearby amenities.
      8201 Cantrell Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      14,646 SF

      Little Rock Medical Office Suites

      Prime medical space, Little Rock, AR.
      10020 Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      86,543 SF

      Little Rock Retail Space Available

      Prime Pulaski County shopping center suites.
      10300 Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $19 SF/Yr
      54,231 SF

      Medical Suite in West Little Rock

      West Little Rock medical suite for lease with OR-ready rooms.
      8315 Cantrell Rd, Little Rock, AR 72227
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1400 Old Frg Dr
    Little Rock, AR 72227-5546
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.