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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Auto shops
232 Glenview Ln, N Little Rock, AR 72117-4234
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US05-2237374
Property summary
AI-generated overview
This exceptional North Little Rock industrial property, located at 232 Glenview Ln, offers 8,400 square feet of net rentable space within two 1-story buildings totaling 375,487 square feet on a 8.2-acre lot. Built in 1977 and zoned C-4, the property features six loading docks, a 20-foot ceiling height, and ample fenced-in outdoor storage space ideal for trailers. The property's history includes use as an auto service and repair shop, with existing office space ready for immediate occupancy. Its strategic location provides easy access to Interstates 30 (2.5 miles) and 440 (4.0 miles), and proximity to East Broadway (14,000 vehicles per day) ensures high visibility and convenient transportation. The property is currently vacant and presents a significant opportunity for a variety of industrial, commercial, or auto-related businesses. The asking price is $595,000.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1977
Total area
6,000 SF
Lot
5.77 ac (251,341 SF)
APN
23N-072-00-001-00
UPID
US05-2237374
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$421k
Blend (final)
Blend
$525k
Owner & transaction history
Elisei Cojocaru · 1 yrs held
Elisei Cojocaru
since 2024
Last sale
$525,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$595,000
+12.4%
Commercial (general)
$540,000
+2.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs N Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs N Little Rock submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$525,000
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$530,000
Current use
RETAIL STORES
$595,000
Change: +12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$540,000
Change: +2% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$455,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $525k (Dec 4 2024)
Last sale anchor
$525k
Dec 4 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$88 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,645
Tax year 2024
Assessed value
$69,537
Assessed 2024
Previous assessed
$69,537
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$50,268
Assessed improvement
$19,269
Land market value
$251,340
Improvement market value
$96,345
Total market value
$347,685
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1977
Heating
NONE
Cooling
NONE
Buildings
2
Stories
1
Total area
6,000 SF
Lot
5.77 ac (251,341 SF)
APN
23N-072-00-001-00
UPID
US05-2237374
Jurisdiction
PULASKI
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$530,000
RETAIL STORES
Est. value
$595,000
COMMERCIAL (GENERAL)
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$475,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.77 ac
Current owner
From public records · entity-resolved
Elisei Cojocaru
Individual
Mailing address
PO BOX 1123, JACKSON, MS 39215-1123
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 2024
$525,000
Elisei Cojocaru
Miller Transportation Services INC
Warranty Deed
$420,000 · First Service Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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