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Property profile & analytics
OFF-MARKET
Estimated value
$5,565,000
Outlet malls
1701 Main St, Little Rock, AR 72206-1471
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0171969
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2001
Total area
31,613 SF
Lot
2.29 ac (99,752 SF)
APN
34L-020-09-017-00
UPID
US05-0171969
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
-
Edwards Cash Saver Grocery & Convenience Store Food Market
-
Cornerstone Pharmacy Main Street Pharmacy
-
Allegiance Staffing Employment Agency
-
Western Union Bank Credit Union
-
Jackson Hewitt Tax Service Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.46M
Comparable Approach
Comparable
$6.67M
Blend (final)
Blend
$5.57M
Owner & transaction history
Edprop Dev Co LLC · 16 yrs held
Edprop Dev Co LLC
since 2009
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.9M
+22.0%
Medical building
$5.2M
+7.6%
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%
$5,910,000
6.5%
$5,455,000
7%
$5,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,825,000
Current use
COMMERCIAL (GENERAL)
$5,890,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$5,190,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,130,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$5.57M
Range $5.01M – $6.12M · ±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
$176 / 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
$31,229
Tax year 2024
Assessed value
$446,124
Assessed 2024
Previous assessed
$446,124
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$99,625
Assessed improvement
$346,499
Land market value
$498,125
Improvement market value
$1,732,495
Total market value
$2,230,620
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2001
Heating
NONE
Cooling
NONE
Stories
1
Total area
31,613 SF
Lot
2.29 ac (99,752 SF)
APN
34L-020-09-017-00
UPID
US05-0171969
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
RETAIL STORES Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.29 ac
Current owner
From public records · entity-resolved
Edprop Dev Co LLC
Entity
Mailing address
128 LEE RD 316, MARIANNA, AR 72360-8102
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2018
—
Edprop Dev Co LLC
—
Deed
related
—
Jul 23, 2009
$1,750,000
Edprop Dev Co LLC
Bancorpsouth Bank
Grant Deed
$1,750,000 · Bancorp South Bank
Jul 17, 2009
—
Bancorpsouth Bank
Shur-valu Stamps INC
Quit Claim Deed
related
—
—
—
Shur-valu Stamps INC
—
Deed Of Trust
related
$2,132,500 · Bancorpsouth
—
—
Edprop Dev Co LLC
—
Loan Modification
related
—
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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