Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    206 Cross St Little Rock, AR 72201-1910

    • Specialty properties
    • 3,479 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Jul 11, 2023
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0286294
    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

    • Paradise Funeral Home of Little Rock / Funeral Home

    Property Details for 206 Cross St

    Year built
    1975
    Lot size
    0.17 lot acres
    Property size
    3,479 SF
    Property type
    Specialty properties
    APN
    34L-020-16-006-00
    APU
    34L0201600600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • Alternative Use

      Use
      Estimation
      CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
      $175,000
      Current use
      MEDICAL BUILDING
      $405,000
      Change: +128% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $330,000
      Change: +85% Conversion: Difficult
      RETAIL STORES
      $235,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $215,000
      Change: +22% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.284
    Latitude
    34.7486
    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
    $3,800
    $11,848
    $42,432
    $54,280
    -
    $59,240
    $212,160
    $271,400

    Comparable in this City

    • Value Estimation
      $315,000
      7,214 SF

      1223 Markham St

      CHARITABLE ORGANIZATION • 7,214 SF
      1223 Markham St, Little Rock, AR 72201-1919
      View Details
    • Value Estimation
      $435,000
      28,000 SF

      900 Broadway St

      CHARITABLE ORGANIZATION • 28,000 SF
      900 Broadway St, Little Rock, AR 72201-4126
      View Details
    • Value Estimation
      $310,000
      12,050 SF

      210 Gaines St

      CHARITABLE ORGANIZATION • 12,050 SF
      210 Gaines St, Little Rock, AR 72201-2218
      View Details
    • Value Estimation
      $485,000
      26,864 SF

      500 Markham St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 26,864 SF
      500 Markham St, Little Rock, AR 72201-1415
      View Details
    • Value Estimation
      $275,000
      5,400 SF

      1315 2nd St

      CHARITABLE ORGANIZATION • 5,400 SF
      1315 2nd St, Little Rock, AR 72201-1913
      View Details
    • Value Estimation
      $390,000
      10,611 SF

      1406 Cantrell Rd

      CHARITABLE ORGANIZATION • 10,611 SF
      1406 Cantrell Rd, Little Rock, AR 72201-1106
      View Details

    Similar Nearby for Sale

    • $895,000
      18,950 SF

      Downtown Little Rock Office Building

      Prime Location, 18,950 SF Office Space
      720 3Rd St, Little Rock, AR 72201
      View Details
    • $4,750,000
      15,000 SF

      Downtown Little Rock Apartment Building

      19-Unit Multifamily, $4.75M
      319 2Nd St, Little Rock, AR 72201
      View Details
    • $139,000
      0.32 Acres

      Downtown Little Rock Commercial Land

      Prime 0.32-acre lot, ideal for development.
      0 2Nd St, Little Rock, AR 72201
      View Details
    • $1,555,000
      20,902 SF

      Little Rock Mixed-Use Property

      Prime location, high-traffic area, excellent investment.
      920 Spring St, Little Rock, AR 72201
      View Details
    • $725,000
      13,965 SF

      Downtown Little Rock Warehouse

      13,965 SF Warehouse, Vacant, $725K
      106 Cross St, Little Rock, AR 72201
      View Details
    • $2,500,000
      0.42 Acres

      Riverfront Land in Little Rock

      Mixed-use land with river frontage in Little Rock's River Market.
      620 President Clinton Ave, Little Rock, AR 72201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      240,000 SF

      Museum Center Office Space

      Downtown Little Rock, AR Office Building
      500 President Clinton Ave, Little Rock, AR 72201
      View Details
    • $71 SF/Yr
      15,629 SF

      Little Rock Executive Office Suites

      Prestigious A-Class Office Space, Flexible Terms
      400 Capitol Ave, Little Rock, AR 72201
      View Details
    • $14 SF/Yr
      27,785 SF

      Downtown Little Rock Office Tower

      Prestigious 18-story office building, ample parking.
      323 Center St, Little Rock, AR 72201
      View Details
    • $275,000
      3,147 SF

      Downtown Little Rock Office Space

      Full floor office with views and convenient parking available.
      212 Center St, Little Rock, AR 72201
      View Details
    • $20 SF/Yr
      2,677 SF

      1401 W Capitol Ave, Little Rock, AR

      Office space • 2,677 SF
      1401 W Capitol Ave, Little Rock, AR 72201
      View Details
    • $12 SF/Yr
      4,000 SF

      Freestanding Commercial Building For Lease

      4,000 SF commercial building in ideal downtown location.
      412 W 7Th St, Little Rock, AR 72201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Cross St
    Little Rock, AR 72201-1910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.