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    Property profile & analytics

    21 Bridgeway Rd North Little Rock, AR 72113-9514

    • Assisted living facilities
    • 44,235 SF
    • 16.97 lot acres
    OFF-MARKET
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0440918
    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

    • Dr. Jan Alexander, MD / Physician
    • Thomas Lynn C MD / Physician
    • Dr. Brian J. Neukirch, MD / Physician
    • Harber-Thomas Clinic / Physician
    • Matthew Crouch / Physician

    Property Details for 21 Bridgeway Rd

    Year built
    1983
    Lot size
    16.97 lot acres
    Property size
    44,235 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    43N-007-04-001-00
    APU
    43N0070400100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,194,000
      Market price range: $655k - $1.19M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $800,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3546
    Latitude
    34.822
    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
    $137,467
    $295,634
    $2,026,447
    $2,322,081
    -
    $1,478,170
    $10,132,235
    $11,610,405

    Comparable in this City

    • Value Estimation
      $550,000
      33,359 SF

      100 Bringler Dr

      HOMES (RETIRED, NURSING) • 33,359 SF
      100 Bringler Dr, Maumelle, AR 72113-6882
      View Details
    • Value Estimation
      $1,250,000
      45,780 SF

      101 Olympia Dr

      HOMES (RETIRED, NURSING) • 45,780 SF
      101 Olympia Dr, Maumelle, AR 72113-6572
      View Details
    • Value Estimation
      $660,000
      38,230 SF

      1601 Murphy Dr

      HOMES (RETIRED, NURSING) • 38,230 SF
      1601 Murphy Dr, Maumelle, AR 72113-6187
      View Details
    • Value Estimation
      $5,950,000
      28,217 SF

      103 Alexandria Dr

      HOMES (RETIRED, NURSING) • 28,217 SF
      103 Alexandria Dr, Maumelle, AR 72113-6571
      View Details
    • Value Estimation
      $1,655,000
      13,381 SF

      Maumelle Prof Bldg Hpr

      MEDICAL BUILDING • 13,381 SF
      Maumelle Prof Bldg Hpr, Maumelle, AR 72113
      View Details
    • Value Estimation
      $515,000
      4,345 SF

      1701 Clb Mnr Dr, Unit 100

      MEDICAL BUILDING • 4,345 SF
      1701 Clb Mnr Dr, Maumelle, AR 72113-7401
      View Details

    Similar Nearby for Sale

    • $439,630

      2.73 Acre Commercial Land Parcel

      2.73-acre commercial land parcel near Maumelle Boulevard in North Little Rock.
      4 Riverview Corporate Dr, Maumelle, AR 72113
      View Details
    • $828,000
      3.04 Acres

      Prime Maumelle Commercial Land

      3.041 Acres, C-4 Zoning, High Visibility
      0 Natural Trl, North Little Rock, AR 72113
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    • $3,787,674
      173.93 Acres

      Maumelle Blvd Residential Land

      Prime 173-acre residential tract.
      0 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • $130,000
      0.28 Acres

      Residential Lot in Gated Community

      0.28-acre corner lot in Stonebrook, Maumelle, Arkansas.
      14625 Stonebrook Ln, Maumelle, AR 72113
      View Details
    • $49,900
      0.54 Acres

      Osage Hills Subdivision Lot

      Half-acre lot in desirable Maumelle neighborhood.
      105 Navajo Trl, Maumelle, AR 72113
      View Details
    • $78,000
      0.23 Acres

      Residential Lot in Country Club

      Level lot for building a dream home in Maumelle.
      69 Corniche Cv, Maumelle, AR 72113
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,128 SF

      Country Club Plaza Office Suites

      Modern Maumelle Office Space, High Visibility
      1020 Country Club Pkwy, Maumelle, AR 72113
      View Details
    • $7 SF/Yr
      125,816 SF

      Richdale Center: Maumelle Flex Space

      Versatile Maumelle commercial space, multiple suites available.
      9800 Maumelle Blvd, North Little Rock, AR 72113
      View Details
    • $13 SF/Yr
      12,342 SF

      River Pointe Office Park: Premier Space

      Modern Office Suites in North Little Rock, AR
      7301 River Pointe Dr, North Little Rock, AR 72113
      View Details
    • $15 SF/Yr
      23,700 SF

      River Stone Plaza: Office Space Available

      Prime Maumelle Blvd Office Space; Multiple Tenants Welcome
      2001 Club Manor Dr, Maumelle, AR 72113
      View Details
    • $13 SF/Yr
      47,064 SF

      River Pointe Plaza: Maumelle Office Space

      Medical & Executive Office Suites Available
      11701 Maumelle Blvd, Maumelle, AR 72113
      View Details
    • $8 SF/Yr
      56,000 SF

      North Little Rock Warehouse Space

      56,000 SF warehouse space available for lease.
      7000 Counts Massie Rd, North Little Rock, AR 72113
      View Details
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    21 Bridgeway Rd
    North Little Rock, AR 72113-9514
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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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