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    20608 Hwy 365th N North Little Rock, AR 72113-9106
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    Property profile & analytics

    20608 Hwy 365th N North Little Rock, AR 72113-9106

    View on Map
    • Turn key restaurants
    • 9,640 SF
    • 1.76 lot acres
    Off-Market
    Property ID
    US05-0430511
    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

    • Turn key restaurants

    Property Details for 20608 Hwy 365th N

    Year built
    1973
    Lot size
    1.76 lot acres
    Property size
    9,640 SF
    Property type
    Turn key restaurants
    APN
    42M-922-01-004-00
    APU
    42M9220100400

    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
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3838
    Latitude
    34.8845
    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
    $17,470
    $76,561
    $201,184
    $277,745
    -
    $382,805
    $1,005,920
    $1,388,725

    Comparable in this City

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      8,912 SF

      7103 Cock Of The Walk Ln

      RESTAURANT • 8,912 SF
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      4,276 SF

      1901 Clb Mnr Dr

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      1,640 SF

      7300 Innerplan Dr

      RESTAURANT • 1,640 SF
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      4,800 SF

      9709 Maumelle Blvd

      RESTAURANT • 4,800 SF
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      4,893 SF

      109 Cmns Dr

      RESTAURANT • 4,893 SF
      109 Cmns Dr, Maumelle, AR 72113-7266
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    Similar Nearby for Sale

    • $1,350,000

      Freestanding Drive-Through Restaurant For Sale

      2,800 SF drive-through restaurant on 0.72 acres, built in 2008.
      11941 Maumelle Blvd, Maumelle, AR 72113
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    • $1,350,000
      2,800 SF

      Drive-Through Restaurant on 0.72 Acres

      2,800 SF drive-through restaurant on 0.72 acres for sale.
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      Maumelle Neighborhood Center For Sale

      34,418 SF neighborhood center with multiple suites available.
      115 Audubon Dr, Maumelle, AR 72113
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    • New
      $449,000
      4,500 SF

      Income-Producing Warehouse Property on 3.96 Acres

      Commercial property with warehouse buildings and truck parking for sale.
      14525 Overstreet Rd, North Little Rock, AR 72113
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      2,005 SF

      New Construction NNN Lease Property

      New 2021 construction, single tenant, absolute NNN lease investment.
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      14,820 SF

      Retail Space For Sale

      Retail space with 8.01% CAP rate, 14,820 SqFt.
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    Similar Nearby for Lease

    • $13 SF/Yr

      Retail Space Available For Rent

      Retail space available, ranging from 3,056 to 5,000 square feet.
      11701 Maumelle Blvd, Maumelle, AR 72113
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    • Contact for pricing

      Retail/Office Building Near High School

      New retail/office building with high traffic and visibility.
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    • $7 SF/Yr

      Retail and Office Space Available

      Retail and office spaces available for lease.
      9800 Maumelle Blvd, Maumelle, AR 72113
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    • Contact for pricing

      Maumelle Neighborhood Center Space Available

      34,418 SF neighborhood center at Maumelle Blvd and Audubon Dr.
      115 Audubon Dr, Maumelle, AR 72113
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      5,000 SF

      High-Visibility Retail/Office Space Available

      5,000 SF space with high foot traffic and co-tenancy.
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    • Contact for pricing

      North Little Rock Retail Space

      Retail space available for lease in North Little Rock.
      25 Collins Industrial Pl, North Little Rock, AR 72113
      View Details
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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.

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