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Property profile & analytics
OFF-MARKET
Estimated value
$6,345,000
Car washes
15701 Chenal Pkwy, Little Rock, AR 72211
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-2039566
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2000
Total area
35,933 SF
Lot
2.2 ac (95,832 SF)
APN
44L-075-02-001-01
UPID
US05-2039566
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
-
Splash Carwash Car Wash
-
Splash Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.31M
Blend (final)
Blend
$6.35M
Owner & transaction history
Mebfi-altitude LLC · 10 yrs held
Mebfi-altitude LLC
since 2015
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.7M
+62.6%
Medical building
$5.9M
+43.4%
Retail stores
$5.5M
+33.3%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,115,000
Current use
COMMERCIAL (GENERAL)
$6,695,000
Change: +63% · Conversion: Moderate
MEDICAL BUILDING
$5,900,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$5,485,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,695,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$3,985,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$6.35M
Range $5.71M – $6.98M · ±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
$177 / 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
$144,898
Tax year 2024
Assessed value
$2,253,462
Assessed 2024
Previous assessed
$2,253,462
+0.0% YoY
Effective rate
6.43%
On assessed value
Assessed land
$431,244
Assessed improvement
$1,822,218
Land market value
$2,156,220
Improvement market value
$9,111,090
Total market value
$11,267,310
Applied tax rate
3.0000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
NONE
Stories
1
Total area
35,933 SF
Lot
2.2 ac (95,832 SF)
APN
44L-075-02-001-01
UPID
US05-2039566
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
AUTO REPAIR, GARAGE Current
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$6.7M
MEDICAL BUILDING
Est. value
$5.9M
RETAIL STORES
Est. value
$5.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
OFFICE BUILDING
Est. value
$4.0M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2000
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Mebfi-altitude LLC
Entity
Free & Clear · 10 yrs held
Mailing address
216 W 4TH ST, NORTH LITTLE ROCK, AR 72114-5304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 6, 2015
$3,430,000
Mebfi-altitude LLC
Chenal Parkway Dev LLC
Grant Deed
—
—
—
Chenal Parkway Dev LLC
—
Deed Of Trust
related
$1,709,205 · First Security Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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