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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1723 University Ave Little Rock, AR 72207-5111

    • Office buildings
    • 1,258 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    4.8%
    Office buildings
    Location Intelligence
    Property ID
    US05-0309784
    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

    • Pat Frizzell - State Farm Insurance Agent / Renter'S Insurance Agency / Insurance Agency

    Property Details for 1723 University Ave

    Year built
    1947
    Lot size
    0.14 lot acres
    Property size
    1,258 SF
    Property type
    Office buildings
    APN
    33L-037-00-149-00
    APU
    33L0370014900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $215,000
      6.5%
      $195,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $204,000
      Market price range: $69.2k - $222k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $235,000
      MEDICAL BUILDING
      $205,000
      RETAIL STORES
      $190,000
      NEIGHBORHOOD: SHOPPING CENTER
      $165,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3403
    Latitude
    34.7682
    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
    $3,804
    $30,515
    $23,825
    $54,340
    -
    $152,575
    $119,125
    $271,700

    Comparable in this City

    • Value Estimation
      $250,000
      988 SF

      5619 R St

      OFFICE BUILDING • 988 SF
      5619 R St, Little Rock, AR 72207-4412
      View Details
    • Value Estimation
      $340,000
      7,392 SF

      1001 University Ave

      OFFICE BUILDING • 7,392 SF
      1001 University Ave, Little Rock, AR 72207-6352
      View Details
    • Value Estimation
      $370,000
      3,210 SF

      5715 Kavanaugh Blvd

      OFFICE BUILDING • 3,210 SF
      5715 Kavanaugh Blvd, Little Rock, AR 72207-4435
      View Details
    • Value Estimation
      $1,705,000
      3,869 SF

      4924 Kavanaugh Blvd

      OFFICE BUILDING • 3,869 SF
      4924 Kavanaugh Blvd, Little Rock, AR 72207-4745
      View Details
    • Value Estimation
      $875,000
      34,563 SF

      6900 Cantrell Rd

      OFFICE BUILDING • 34,563 SF
      6900 Cantrell Rd, Little Rock, AR 72207-4137
      View Details
    • Value Estimation
      $270,000
      4,636 SF

      2323 Durwood Rd

      OFFICE BUILDING • 4,636 SF
      2323 Durwood Rd, Little Rock, AR 72207-3430
      View Details

    Similar Nearby for Sale

    • $350,000
      0.60 Acres

      University Evergreen Commercial Lot

      0.6-acre commercial land, Little Rock.
      3 University Evergreen, Little Rock, AR 72207
      View Details
    • $450,000
      0.16 Acres

      Residential Lot in Heights Neighborhood

      Residential lot ready to build in Little Rock's Heights neighborhood.
      2704 N Taylor St, Little Rock, AR 72207
      View Details
    • $225,000
      0.63 Acres

      Residential Lot in Quiet Area

      Residential lot with potential owner financing and creek access.
      21 Woodglen Rd, Little Rock, AR 72207
      View Details
    • $225,000
      3.12 Acres

      Little Rock Residential Lot

      3+ acre residential lot with creek and waterfall views.
      10 Greathouse Bend Dr, Little Rock, AR 72207
      View Details
    • Contact for pricing
      2,334 SF

      Kavanaugh Blvd Retail Storefront

      Prime Hillcrest location, 2,334 sq ft retail space.
      5004 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • $250,000
      0.81 Acres

      Residential Lot in Quiet Area

      Residential lot with great views and possible owner financing.
      48 Woodglen Rd, Little Rock, AR 72207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      48,500 SF

      Tanglewood Center: Office Suites

      Little Rock Office Space: Flexible Lease Terms
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $17 SF/Yr
      36,256 SF

      Forest Heights Office Building, Little Rock

      Midtown Little Rock Office Space: 7 Suites Available
      1405 Pierce St, Little Rock, AR 72207
      View Details
    • $13 SF/Yr
      15,000 SF

      Midtown Little Rock Office Suites

      Executive Office Space Available Now
      1501 Pierce St, Little Rock, AR 72207
      View Details
    • $4,800 /Mo
      2,480 SF

      Little Rock Executive Office Suites

      Newly renovated, 5 suites available.
      1900 Bryant St, Little Rock, AR 72207
      View Details
    • $12 SF/Yr
      16,223 SF

      Heights Office Building For Lease

      16,223 SF Office Space Available
      1901 Pierce St, Little Rock, AR 72207
      View Details
    • $16 SF/Yr
      11,714 SF

      Midtown Little Rock Office Space

      Executive suites, ample parking, convenient location.
      1100 University Ave, Little Rock, AR 72207
      View Details
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    1723 University Ave
    Little Rock, AR 72207-5111
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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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