Property profile

1501 Merrill Dr Little Rock, AR 72211

OFF-MARKET
Hotels
Property ID
US05-0403950
40,750 SF 2.36 ac lot Built 1984
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Trucking Company
  • Hotel & Motel
  • Restaurant

Location

1501 Merrill Dr Little Rock, AR 72211-1821
Little Rock metro Census 2209 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.61M
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$680k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2016
Price N/A
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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