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    2 Meredith Ct Little Rock, AR 72227
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    Property profile & analytics

    2 Meredith Ct Little Rock, AR 72227

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    • Commercial real estate
    • 8,928 SF
    • 0.59 lot acres
    Off-Market
    Property ID
    US05-2412199
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2 Meredith Ct

    Year built
    1982
    Lot size
    0.59 lot acres
    Property size
    8,928 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents an 8-unit apartment building ideally situated in Little Rock, Arkansas. The property, encompassing two buildings on a 0.591-acre lot, boasts a total of 8,928 square feet and was constructed in 1982. Each building is two stories high. Centrally located, it offers convenient access to major thoroughfares like Cantrell Road and Rodney Parham Road, placing residents near numerous shopping centers, restaurants, and Reservoir Park. The property's proximity to McDermott Elementary School adds to its appeal. This multifamily complex presents a strong investment prospect, given Little Rock's expanding population and economy, which are expected to fuel rental demand and potentially increase rental rates. Savvy investors will recognize the potential for value enhancement through strategic renovations or upgrades, leading to higher rental income and improved cash flow. The asking price for this eight-unit property is $675,000. The property's address is 2 & 4 Meredith Court, Little Rock, AR 72227, within Pulaski County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3755463
    Latitude
    34.7704347

    Comparable in this City

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      Land Available for Purchase

      Land available for purchase in Little Rock, Arkansas.
      10307 Cantrell Rd, Little Rock, AR 72227
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    • $5,000,000

      Land on Foxcroft Road

      Land available on Foxcroft Road in Littlerock, Arkansas.
      3811 Foxcroft Rd, Little Rock, AR 72227
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      31.55 Acres

      Littlerock Land with Residential Potential

      31.55 acres in Littlerock, Arkansas, with development opportunities.
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    Similar Nearby for Sale

    • Contact for pricing
      26,974 SF

      Multifamily Investment Opportunity

      30 units in five buildings near Cantrell Road.
      7700 Indian Trl, Little Rock, AR 72227
      View Details
    • New
      $300,000
      4,680 SF

      Fourplex in Little Rock, AR

      Four-unit multifamily property with strong income potential.
      1806 Sanford Dr, Little Rock, AR 72227
      View Details
    • $324,000
      4,392 SF

      Fourplex Investment Opportunity in Little Rock

      Four-unit townhouse with renovation potential in a high-demand rental area.
      2007 Sanford Dr, Little Rock, AR 72227
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    • $5,000,000

      Land on Foxcroft Road

      Land available on Foxcroft Road in Littlerock, Arkansas.
      3811 Foxcroft Rd, Little Rock, AR 72227
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    • $67,000

      Land Available for Purchase

      Land available for purchase in Little Rock, Arkansas.
      10307 Cantrell Rd, Little Rock, AR 72227
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    • $4,750,000
      31.55 Acres

      Littlerock Land with Residential Potential

      31.55 acres in Littlerock, Arkansas, with development opportunities.
      3811 Foxcroft Rd, Little Rock, AR 72227
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space in West Little Rock

      Industrial space available for lease in West Little Rock.
      10014 N Rodney Parham Rd, Little Rock, AR 72227
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    • $15 SF/Yr
      10,680 SF

      Retail Building Sublease Opportunity

      Prime retail location with high visibility and drive-thru.
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    • $20 SF/Yr
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      Restaurant/Retail Space on Cantrell Road

      Restaurant or retail space with high traffic count.
      7811 Cantrell Rd, Little Rock, AR 72227
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      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
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    • Contact for pricing
      1,432 SF

      Sturbridge Center Flex Space Available

      Flex space available in Little Rock's West Village neighborhood.
      10200 N Rodney Parham Rd, Little Rock, AR 72227
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    • Contact for pricing

      Office Space Available For Rent

      Office suites available for rent on the second level.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
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    Little Rock, AR 72227
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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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