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    Property profile & analytics

    1518 S Battery St Little Rock, AR 72202

    • Specialty properties
    • 9,284 SF
    • 0.32 lot acres
    For Sale
    View listing
    $399,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0024205
    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

    • Premier Funeral Home / Funeral Home

    Property Details for 1518 S Battery St

    Year built
    1965
    Lot size
    0.32 lot acres
    Property size
    9,284 SF
    Property type
    Specialty properties
    APN
    34L-185-00-233-00
    APU
    34L1850023300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $325,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $413,000
      Market price range: $314k - $685k

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $475,000
      Current use
      INDUSTRIAL (GENERAL)
      $405,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2945
    Latitude
    34.7359
    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
    $9,953
    $5,576
    $143,689
    $149,265
    -
    $27,880
    $718,445
    $746,325

    Comparable in this City

    • Value Estimation
      $275,000
      4,945 SF

      1717 Wright Ave

      CHARITABLE ORGANIZATION • 4,945 SF
      1717 Wright Ave, Little Rock, AR 72202-6053
      View Details
    • Value Estimation
      $270,000
      5,726 SF

      3220 Cantrell Rd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 5,726 SF
      3220 Cantrell Rd, Little Rock, AR 72202-1847
      View Details
    • Value Estimation
      $365,000
      11,684 SF

      1200 Chester St

      CREMATORIUM, MORTUARY • 11,684 SF
      1200 Chester St, Little Rock, AR 72202-4716
      View Details
    • Value Estimation
      $260,000
      4,712 SF

      2220 Wright Ave

      CHARITABLE ORGANIZATION • 4,712 SF
      2220 Wright Ave, Little Rock, AR 72202-6162
      View Details
    • Value Estimation
      $300,000
      2,880 SF

      415 12th St

      CHARITABLE ORGANIZATION • 2,880 SF
      415 12th St, Little Rock, AR 72202-4807
      View Details
    • Value Estimation
      $305,000
      7,200 SF

      1700 2nd St

      CHARITABLE ORGANIZATION • 7,200 SF
      1700 2nd St, Little Rock, AR 72202-2862
      View Details

    Similar Nearby for Sale

    • $399,900
      9,284 SF

      Little Rock Office/Religious Opportunity

      Strategic corner property suitable for office or religious use.
      1518 S Battery St, Little Rock, AR 72202
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    • $175,000
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      Little Rock Duplex with Potential

      Duplex in Little Rock Central High area, investor opportunity.
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    • Contact for pricing
      0.05 Acres

      Residential Lot in Hanger Hill

      Residential lot in up-and-coming Hanger Hill neighborhood.
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      Residential Lot in East Village

      Residential lot for sale in a developing neighborhood.
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    • $48,600
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      Residential Lot in Hanger Hill

      Residential lot in up-and-coming Hanger Hill neighborhood.
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    • $635,000
      16,080 SF

      Industrial Warehouse with Covered Loading

      16,000 SF warehouse on 1.6 acres, Little Rock.
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    Similar Nearby for Lease

    • $20 SF/Yr
      8,600 SF

      Office Space For Rent

      8,600 SF office space available for lease.
      2800 Cantrell Rd, Little Rock, AR 72202
      View Details
    • $575 /Mo
      400 SF

      Cozy Remodeled Apartment Near Campus

      Upstairs 1BD apartment, remodeled, near Children's Hospital and Philander Smith.
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      View Details
    • $4 SF/Yr
      24,840 SF

      Little Rock Warehouse Investment

      Two Warehouses, 24,840 SF Total
      920 Shall Ave, Little Rock, AR 72202
      View Details
    • $16 SF/Yr
      3,700 SF

      Little Rock Office Space: 3700 sq ft

      Prime Little Rock office, single tenant, 3700 sq ft.
      1400 Brookwood Dr, 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
    • $7 SF/Yr
      92,370 SF

      Little Rock Industrial Flex Space

      92,370 SF Flex Warehouse Available
      2201 Brookwood Dr, Little Rock, AR 72202
      View Details
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    1518 S Battery St
    Little Rock, AR 72202
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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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