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    2311 Biscayne Dr Little Rock, AR 72227-3334
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    Property profile & analytics

    2311 Biscayne Dr Little Rock, AR 72227-3334

    View on Map
    • Office buildings
    • 22,058 SF
    • 0.55 lot acres
    Off-Market
    Property ID
    US05-0428379
    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
    $1,750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Butler Nutrition / Physician
    • Bobbi Patterson: Patterson Law Firm / Law Firm
    • J.G. Gerry Schulze, P.A. / Law Firm
    • Arkansas Timber Producers Association / Association / Organization
    • Baker & Schulze / Law Firm

    Property Details for 2311 Biscayne Dr

    Year built
    1974
    Lot size
    0.55 lot acres
    Property size
    22,058 SF
    Property type
    Office buildings
    APN
    43L-065-00-098-00
    APU
    43L0650009800

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,728,000
      Market price range: $1.21M - $3.89M
      AI Estimate
      $1,222,000
      Market price range: $612k - $2.57M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,445,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,880,000
      Change: +18% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,525,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3621
    Latitude
    34.7738
    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
    $23,758
    $71,874
    $267,526
    $339,400
    -
    $359,370
    $1,337,630
    $1,697,000

    Comparable in this City

    • Value Estimation
      $805,000
      6,132 SF

      500 Pleasant Vly Dr

      OFFICE BUILDING • 6,132 SF
      500 Pleasant Vly Dr, Little Rock, AR 72227-2138
      View Details
    • Value Estimation by Request
      3,557 SF

      711 Towne Oaks Dr

      OFFICE BUILDING • 3,557 SF
      711 Towne Oaks Dr, Little Rock, AR 72227-6213
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    • Value Estimation by Request
      1,804 SF

      8024 Cantrell Rd

      OFFICE BUILDING • 1,804 SF
      8024 Cantrell Rd, Little Rock, AR 72227-2419
      View Details
    • Value Estimation
      $4,445,000
      149,479 SF

      1400 Old Frg Dr

      OFFICE BUILDING • 149,479 SF
      1400 Old Frg Dr, Little Rock, AR 72227-5546
      View Details
    • Value Estimation
      $580,000
      12,948 SF

      2723 Foxcroft Rd Ste, Unit 106

      OFFICE BUILDING • 12,948 SF
      2723 Foxcroft Rd Ste, Little Rock, AR 72227-6512
      View Details
    • Value Estimation
      $510,000
      4,500 SF

      7707 T St

      OFFICE BUILDING • 4,500 SF
      7707 T St, Little Rock, AR 72227-4044
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,125 SF

      Office Building For Sale

      Office building with 5,125 square feet available for sale.
      2121 Watt St, Little Rock, AR 72227
      View Details
    • $67,000

      Land Available for Purchase

      Land available for purchase in Little Rock, Arkansas.
      10307 Cantrell Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      26,974 SF

      Multifamily Investment Opportunity

      30 units in five buildings near Cantrell Road.
      7700 Indian Trl, Little Rock, AR 72227
      View Details
    • $4,750,000
      31.55 Acres

      Littlerock Land with Residential Potential

      31.55 acres in Littlerock, Arkansas, with development opportunities.
      3811 Foxcroft Rd, Little Rock, AR 72227
      View Details
    • New
      $199,000
      0.37 Acres

      Residential Lot in Established Neighborhood

      0.37-acre lot in sought-after Little Rock residential pocket.
      000 Kingston Dr, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Land For Sale

      0.43 acre land available for sale.
      4 Chevaux Cir, Little Rock, AR 72227
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space in West Little Rock

      Industrial space available for lease in West Little Rock.
      10014 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $1,010 /Mo

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office suites available for rent on the second level.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Retail/Office Space For Rent

      Retail and office spaces available for lease.
      10301 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      3,573 SF

      Office Space with Easy Access

      Office space with traffic light access and nearby amenities.
      8201 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $19 SF/Yr

      Medical Suite in West Little Rock

      West Little Rock medical suite for lease with OR-ready rooms.
      8315 Cantrell Rd, Little Rock, AR 72227
      View Details
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    2311 Biscayne Dr
    Little Rock, AR 72227-3334
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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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