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

    2004 Mississippi St Little Rock, AR 72207-4036

    • Strip malls
    • 6,804 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0393218
    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

    • Smokey's Super Store / Tobacco Shop / Candy Store
    • Max Dry Cleaners / Dry Cleaner

    Property Details for 2004 Mississippi St

    Year built
    1965
    Lot size
    0.45 lot acres
    Property size
    6,804 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    43L-065-00-007-00
    APU
    43L0650000700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3585
    Latitude
    34.7713
    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
    $6,143
    $70,567
    $17,193
    $87,760
    -
    $352,835
    $85,965
    $438,800

    Comparable in this City

    • Value Estimation
      $1,175,000
      10,428 SF

      5823 R St

      SHOPPING CENTER, STRIP CENTER • 10,428 SF
      5823 R St, Little Rock, AR 72207
      View Details
    • Value Estimation
      $1,045,000
      10,462 SF

      5600 R St

      SHOPPING CENTER, STRIP CENTER • 10,462 SF
      5600 R St, Little Rock, AR 72207-4413
      View Details
    • Value Estimation
      $820,000
      6,366 SF

      5719 Kavanaugh Blvd

      SHOPPING CENTER, STRIP CENTER • 6,366 SF
      5719 Kavanaugh Blvd, Little Rock, AR 72207-4435
      View Details
    • Value Estimation
      $800,000
      6,480 SF

      5811 Kavanaugh Blvd

      SHOPPING CENTER, STRIP CENTER • 6,480 SF
      5811 Kavanaugh Blvd, Little Rock, AR 72207-4425
      View Details
    • Value Estimation
      $1,160,000
      12,780 SF

      5501 Kavanaugh Blvd

      SHOPPING CENTER, STRIP CENTER • 12,780 SF
      5501 Kavanaugh Blvd, Little Rock, AR 72207-4614
      View Details
    • Value Estimation
      $640,000
      5,220 SF

      5619 Kavanaugh Blvd

      SHOPPING CENTER, STRIP CENTER • 5,220 SF
      5619 Kavanaugh Blvd, Little Rock, AR 72207-4423
      View Details

    Similar Nearby for Sale

    • 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
    • $225,000
      0.55 Acres

      Residential Lot in Quiet Area

      Residential lot with great views and possible owner financing.
      23 Woodglen Rd, Little Rock, AR 72207
      View Details
    • $650,000
      4,500 SF

      Triplex and Duplex Investment Opportunity

      Triplex and Duplex near Midtown, Little Rock. Great investment opportunity.
      915 N Garfield St, Little Rock, AR 72207
      View Details
    • $149,000
      0.32 Acres

      Residential Lot in Kingwood Place

      Vacant lot in Little Rock's Kingwood Place subdivision.
      6924 Skywood 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

    Similar Nearby for Lease

    • $500 /Mo
      45,800 SF

      Renovated Retail/Office Space Available

      Retail and office space in Midtown Little Rock for lease.
      7509 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $19 SF/Yr
      1,400 SF

      Retail Space on Kavanaugh Boulevard

      Retail space with frontage on Kavanaugh Boulevard.
      5619-5621 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • $22 SF/Yr
      52,386 SF

      Retail Space on Cantrell Road

      Prime retail space in Little Rock's Westgate Center.
      6815 Cantrell Rd, Little Rock, AR 72207
      View Details
    • $20 SF/Yr
      1,800 SF

      Retail Space in Heights Neighborhood

      Retail space with high visibility in the Heights neighborhood.
      5208 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • $22 SF/Yr
      1,750 SF

      Retail Space with Basement Storage

      1,750 SF retail space with basement storage included.
      5711 Kavanaugh Blvd, Little Rock, AR 72207
      View Details
    • $700 /Mo
      870 SF

      Renovated Retail Suites For Rent

      Newly renovated retail suites in growing arts community.
      7501 Cantrell Rd, Little Rock, AR 72207
      View Details
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    2004 Mississippi St
    Little Rock, AR 72207-4036
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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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