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    Property profile & analytics

    1921 Main St N Little Rock, AR 72114-2831

    • Specialty properties
    • 16,350 SF
    • 2.17 lot acres
    OFF-MARKET
    Last Sale
    Jul 02, 2020
    Value Estimations
    $780,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0310818
    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

    • Specialty properties

    Property Details for 1921 Main St

    Year built
    1900
    Lot size
    2.17 lot acres
    Property size
    16,350 SF
    Property type
    Specialty properties
    APN
    33N-211-00-102-00
    APU
    33N2110010200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $835,000
      Current use
      OFFICE BUILDING
      $1,295,000
      Change: +55% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,255,000
      Change: +51% Conversion: Difficult
      MEDICAL BUILDING
      $985,000
      Change: +18% Conversion: Difficult
      WAREHOUSE, STORAGE
      $875,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    N Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2677
    Latitude
    34.7728
    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
    $27,817
    $56,743
    $359,676
    $416,419
    -
    $283,715
    $1,798,380
    $2,082,095

    Comparable in this City

    • Value Estimation by Request
      1,736 SF

      821 Magnolia St

      CHARITABLE ORGANIZATION • 1,736 SF
      821 Magnolia St, N Little Rock, AR 72114-4719
      View Details
    • Value Estimation by Request
      2,232 SF

      1218 8th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,232 SF
      1218 8th St, N Little Rock, AR 72114-4938
      View Details
    • Value Estimation by Request
      1,890 SF

      2005 Main St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,890 SF
      2005 Main St, N Little Rock, AR 72114-2833
      View Details
    • Value Estimation by Request
      6,978 SF

      123 Broadway St

      CHARITABLE ORGANIZATION • 6,978 SF
      123 Broadway St, N Little Rock, AR 72114-5626
      View Details
    • Value Estimation by Request
      6,300 SF

      1601 Cypress St

      CREMATORIUM, MORTUARY • 6,300 SF
      1601 Cypress St, N Little Rock, AR 72114-3532
      View Details
    • Value Estimation by Request
      4,270 SF

      1213 Washington Ave

      CREMATORIUM, MORTUARY • 4,270 SF
      1213 Washington Ave, N Little Rock, AR 72114-5857
      View Details

    Similar Nearby for Sale

    • $600,000
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      North Little Rock Building and Land

      Well-built building in a good location suitable for various businesses.
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    • $270,000
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      North Little Rock Catering Venue

      Catering venue with banquet rooms and commercial kitchen for sale.
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      Argenta Church Redevelopment

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      North Little Rock Duplex

      Duplex in North Little Rock, AR. Cash flowing investment.
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    • $150,000
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      Residential Lot in Growing Community

      Vacant lot in up-and-coming neighborhood near Argenta area.
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      Residential Lots Package in Arkansas

      Seven residential lots available as a package deal.
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    Similar Nearby for Lease

    • $18 SF/Yr
      8,720 SF

      Argenta Arts District Office Space

      Historic building, flexible office suites, prime location.
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    • Contact for pricing

      Commercial Land at Park Plaza

      1.47 acres of commercial land for lease.
      1101 W 25Th St, North Little Rock, AR 72114
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    • $11 SF/Yr
      13,176 SF

      Executive Suites, North Little Rock

      Prime Office Space Available, North Little Rock
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      View Details
    • Contact for pricing
      2,575 SF

      North Little Rock Office Space

      Office space featuring an open work area and break area.
      301 N Main St, North Little Rock, AR 72114
      View Details
    • $4,700 /Mo
      11,000 SF

      Functional Warehouse Space For Lease

      11,000± SF warehouse space in North Little Rock, AR.
      200 N Cedar St, North Little Rock, AR 72114
      View Details
    • Contact for pricing
      108,000 SF

      North Little Rock Warehouse Space

      108,000 SF warehouse space available for lease.
      1650 E Washington Ave, North Little Rock, AR 72114
      View Details
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    1921 Main St
    N Little Rock, AR 72114-2831
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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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