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    2 Ofc Park Dr Little Rock, AR 72211-3896
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    Property profile & analytics

    2 Ofc Park Dr Little Rock, AR 72211-3896

    View on Map
    • Office buildings
    • 7,216 SF
    • 0.46 lot acres
    Off-Market
    Property ID
    US05-0426761
    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
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 2 Ofc Park Dr

    Year built
    2000
    Lot size
    0.46 lot acres
    Property size
    7,216 SF
    Property type
    Office buildings
    APN
    44L-069-08-000-00
    APU
    44L0690800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,220,000
      6.5%
      $1,125,000
      7%
      $1,045,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $975,000
      Market price range: $397k - $1.27M
      AI Estimate
      $715,000
      Market price range: $243k - $919k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $800,000
      Current use
      COMMERCIAL (GENERAL)
      $1,345,000
      Change: +68% Conversion: Easy
      MEDICAL BUILDING
      $1,185,000
      Change: +48% Conversion: Easy
      RETAIL STORES
      $1,100,000
      Change: +38% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $940,000
      Change: +18% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $825,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3974
    Latitude
    34.7465
    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
    $12,997
    $0.00
    $185,667
    $185,667
    -
    $0.00
    $928,335
    $928,335

    Comparable in this City

    • Value Estimation
      $620,000
      6,931 SF

      1501 Market St

      OFFICE BUILDING • 6,931 SF
      1501 Market St, Little Rock, AR 72211-1815
      View Details
    • Value Estimation
      $1,750,000
      10,428 SF

      1 Executive Ctr Ct

      OFFICE BUILDING • 10,428 SF
      1 Executive Ctr Ct, Little Rock, AR 72211-4375
      View Details
    • Value Estimation
      $7,085,000
      44,532 SF

      10802 Executive Ctr Dr

      OFFICE BUILDING • 44,532 SF
      10802 Executive Ctr Dr, Little Rock, AR 72211-4354
      View Details
    • Value Estimation
      $1,110,000
      9,000 SF

      11224 Executive Ctr Dr

      OFFICE BUILDING • 9,000 SF
      11224 Executive Ctr Dr, Little Rock, AR 72211-4320
      View Details
    • Value Estimation
      $3,320,000
      4,377 SF

      11219 Financial Ctr Pkwy

      OFFICE BUILDING • 4,377 SF
      11219 Financial Ctr Pkwy, Little Rock, AR 72211-3800
      View Details
    • Value Estimation
      $610,000
      6,704 SF

      100 Gamble Rd

      OFFICE BUILDING • 6,704 SF
      100 Gamble Rd, Little Rock, AR 72211-3202
      View Details

    Similar Nearby for Sale

    • $2,975,000
      21,423 SF

      West Little Rock Office Building

      Medical and professional office building in a convenient, peaceful location.
      7 Office Park Dr, Little Rock, AR 72211
      View Details
    • $875,000
      6,099 SF

      West Little Rock Office Building

      Office building in West Little Rock with long-term tenants.
      14 Office Park Dr, Little Rock, AR 72211
      View Details
    • $750,000

      Office Building on Kanis Road

      3,907 SF office building on 2.71 acres for sale.
      13310 Kanis Rd, Little Rock, AR 72211
      View Details
    • $2,000,000
      9,000 SF

      West Little Rock Office Investment

      Two-story office building on a corner lot in Little Rock.
      10901 Financial Centre Pkwy, Little Rock, AR 72211
      View Details
    • Contact for pricing
      3,907 SF

      Office Building on Large Lot

      Office building on a large lot, suitable for various uses.
      13310 Kanis Rd, Little Rock, AR 72211
      View Details
    • $1,969,000

      West Little Rock Redevelopment Opportunity

      Former bank branch for sale in prime West Little Rock location.
      11000 Financial Centre Pkwy, Little Rock, AR 72211
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Space Available

      Prestigious office space in West Little Rock's business district.
      10800 Financial Centre Pkwy, Little Rock, AR 72211
      View Details
    • $21 SF/Yr
      63,488 SF

      West Little Rock Office Space

      Class A office building with data center and modern finishes.
      904 Autumn Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing

      West Little Rock Office Building

      Office building in West Little Rock with easy I-430 access.
      1400 Centerview Dr, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Corner Location with Ample Parking

      Eastside property with easy access and good signage.
      11215 Hermitage Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Mixed-Use Development Commercial Space

      Mixed-use development with commercial space available for rent.
      3321 S Bowman Rd, Little Rock, AR 72211
      View Details
    • Contact for pricing

      Move-in Ready Office/Retail Space

      986 SF office or retail space available for rent.
      15112 Chenal Pkwy, Little Rock, AR 72211
      View Details
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    Little Rock, AR 72211-3896
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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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