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Property profile & analytics
OFF-MARKET
Estimated value
$16,590,000
High-rise multifamily apartments
2000 Magnolia Ave, Little Rock, AR 72202-1696
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0276760
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1949
Total area
133,167 SF
Lot
9.36 ac (407,722 SF)
APN
33L-050-00-004-00
UPID
US05-0276760
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
-
Rivercliff Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.35M
CAP Approach
CAP
$16.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.59M
Owner & transaction history
Mlg Lf Rivercliff LLC · 3 yrs held
Mlg Lf Rivercliff LLC
since 2023
Last sale
$16.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.6M
+585.0%
Medical building
$15.5M
+503.9%
Auto repair, garage
$12.6M
+390.6%
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
$17,300,000
ML approach
$10,345,000
CAP Approach
CAP Return
Estimation
6%
$17,940,000
6.5%
$16,560,000
7%
$15,375,000
Alternative Use
Use
Estimation
RESTAURANT
$17,560,000
Change: +585% · Conversion: Difficult
MEDICAL BUILDING
$15,480,000
Change: +504% · Conversion: Moderate
AUTO REPAIR, GARAGE
$12,575,000
Change: +391% · Conversion: Difficult
OFFICE BUILDING
$12,335,000
Change: +381% · Conversion: Moderate
RETAIL STORES
$11,565,000
Change: +351% · Conversion: Difficult
Blend value · Realmo final
$16.59M
Range $14.93M – $18.25M · ±10% · vs last sale $16.25M (Jan 25 2023)
Last sale anchor
$16.25M
Jan 25 2023
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
$125 / 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
$175,875
Tax year 2024
Assessed value
$2,512,500
Assessed 2024
Previous assessed
$2,512,500
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$434,031
Assessed improvement
$2,078,469
Land market value
$2,170,155
Improvement market value
$10,392,345
Total market value
$12,562,500
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1949
Heating
NONE
Cooling
NONE
Stories
6
Units
133
Total area
133,167 SF
Lot
9.36 ac (407,722 SF)
APN
33L-050-00-004-00
UPID
US05-0276760
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
RESTAURANT
Est. value
$17.6M
MEDICAL BUILDING
Est. value
$15.5M
AUTO REPAIR, GARAGE
Est. value
$12.6M
OFFICE BUILDING
Est. value
$12.3M
RETAIL STORES
Est. value
$11.6M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1949
Heating
NONE
Cooling
Yes
Stories
6
Units
133
Lot
9.36 ac
Current owner
From public records · entity-resolved
Mlg Lf Rivercliff LLC
Entity
Mailing address
19000 W BLUEMOUND RD, BROOKFIELD, WI 53045-6073
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
$16,250,000
Mlg Lf Rivercliff LLC
Rivercliff Company INC
Special Warranty Deed
$10,351,000 · Berkadia Commercial Mortgage LLC
Apr 10, 2020
—
Rivercliff Co INC
—
Deed
related
$300,000 · Armor Bk
Feb 25, 2019
—
Rivercliff Co INC
—
Trustees Deed
related
$300,000 · Armor Bk
Jul 5, 2016
—
Rivercliff Co INC
—
Trustees Deed
related
$500,000 · Regions Bk
Jun 5, 2013
$1,000
Residences At Riverdale LP
Rivercliff Co INC
Grant Deed
related
—
May 17, 2010
—
Rivercliff Co INC
—
Trustees Deed
related
—
Dec 8, 2008
—
Rivercliff Co INC
—
Trustees Deed
related
$1,000,000 · Regions Bank
Jan 28, 2008
—
Rivercliff Co INC
—
Trustees Deed
related
$200,000 · Regions Bank
—
—
Rivercliff Co INC
—
Deed Of Trust
related
$511,762 · Armor Bk
—
—
Rivercliff Co INC
—
Loan Modification
related
$300,000 · Armor Bk
—
—
Rivercliff Co INC
—
Loan Modification
related
—
—
—
Rivercliff Co INC
—
Deed Of Trust
related
$500,000 · Regions Bank
—
—
Rivercliff Co INC
—
Deed Of Trust
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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