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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Hotels
1501 Merrill Dr, Little Rock, AR 72211-1821
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US05-0403950
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Total area
40,750 SF
Lot
2.36 ac (102,802 SF)
APN
43L-112-00-033-00
UPID
US05-0403950
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
-
Steeler Auto Transport Trucking Company
-
The Burgundy Hotel, Tapestry Collection By Hilton Hotel & Motel
-
Table 28 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.17M
Owner & transaction history
Southern Lodging LLC · 4 yrs held
Southern Lodging LLC
since 2022
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,610,000
7%
$1,495,000
Blend value · Realmo final
$1.17M
Range $1.05M – $1.28M · ±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
$29 / 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
$54,972
Tax year 2024
Assessed value
$785,320
Assessed 2024
Previous assessed
$785,320
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$164,821
Assessed improvement
$620,499
Land market value
$824,105
Improvement market value
$3,102,495
Total market value
$3,926,600
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1984
Heating
NONE
Cooling
NONE
Stories
3
Units
49
Total area
40,750 SF
Lot
2.36 ac (102,802 SF)
APN
43L-112-00-033-00
UPID
US05-0403950
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
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Cooling
Yes
Stories
3
Units
49
Lot
2.36 ac
Current owner
From public records · entity-resolved
Southern Lodging LLC
Entity
Mailing address
1501 MERRILL DR, LITTLE ROCK, AR 72211-1821
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
Southern Lodging LLC
—
Deed
related
$2,150,000 · Arvest Bank
Dec 20, 2021
—
Southern Lodging LLC
—
Deed
related
$1,400,000 · Arvest Bank
Jun 18, 2020
—
Southern Lndg
—
Deed
related
$2,192,000 · Arvest Mtg
Dec 26, 2019
—
Southern Lodging LLC
—
Deed
related
$3,100,000 · Arvest Mtg
Dec 31, 2018
—
Southern Lodging LLC
—
Deed
related
$2,000,000 · Citizens Bk
Nov 4, 2016
—
Southern Lodging LLC
—
Deed
related
$150,000 · Bear St Bk NA
Mar 31, 2008
—
Southern Lodging LLC
—
Trustees Deed
related
—
—
—
Southern Lodging LLC
—
Loan Modification
related
$1,900,000 · First Nat'l Bk
—
—
Southern Lodging LLC
—
Deed Of Trust
related
$2,000,000 · Citizens Bk
—
—
Southern Lodging LLC
—
Deed Of Trust
related
—
—
—
Southern Lodging LLC
—
Deed Of Trust
related
$3,100,000 · Arvest Mtg
—
—
Southern Lodging LLC
—
Deed Of Trust
related
—
—
—
Southern Lndg
—
Deed Of Trust
related
$2,192,000 · Arvest Mtg
—
—
Southern Lodging LLC
—
Deed Of Trust
related
$150,000 · Bear St Bk NA
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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