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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Outlet malls
2408 Dr Martin Luther King Dr, Little Rock, AR 72206-2079
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0276634
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2019
Total area
9,270 SF
Lot
1.5 ac (65,340 SF)
APN
34L-195-00-251-00
UPID
US05-0276634
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
$1.33M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.32M
Owner & transaction history
Family Dollar Mlk INC · 2 yrs held
Family Dollar Mlk INC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+22.0%
Medical building
$1.5M
+7.6%
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 Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$1,370,000
ML approach
$1,330,000
CAP Approach
CAP Return
Estimation
6%
$1,730,000
6.5%
$1,600,000
7%
$1,485,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,415,000
Current use
COMMERCIAL (GENERAL)
$1,725,000
Change: +22% · Conversion: Easy
MEDICAL BUILDING
$1,525,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,210,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.29M (Nov 22 2023)
Last sale anchor
$1.29M
Nov 22 2023
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
$142 / 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
$10,511
Tax year 2024
Assessed value
$150,160
Assessed 2024
Previous assessed
$150,160
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$13,068
Assessed improvement
$137,092
Land market value
$65,340
Improvement market value
$685,460
Total market value
$750,800
Applied tax rate
1.0000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2019
Heating
NONE
Cooling
NONE
Stories
1
Total area
9,270 SF
Lot
1.5 ac (65,340 SF)
APN
34L-195-00-251-00
UPID
US05-0276634
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
RETAIL STORES Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2019
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Family Dollar Mlk INC
Entity
Mailing address
1702 STONE ST STE C, JONESBORO, AR 72401-5374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2023
$1,285,714
Family Dollar Mlk INC
Ns Retail Holdings LLC
Special Warranty Deed
—
Aug 7, 2019
—
Sgsl Holdings LLC
—
Deed
related
$404,902 · Farmers Bk
Jan 14, 2019
—
Sgsl Holdings LLC
—
Deed
related
$1,000,000 · Farmers Bk
Aug 6, 2018
—
Sgsl Holdings LLC
—
Deed
related
$200,000 · Farmers Bk
Nov 7, 2014
$425,000
Sgsl Holdings LLC
Meadow Lands INC
Warranty Deed
$1,000,000 · Farmers Bank & Trust Company
Nov 14, 2005
$51,714
Meadow Lands INC
Commissioner Of State Lands
Trustees Deed
—
—
—
Sgsl Holdings LLC
—
Loan Modification
related
$1,000,000 · Farmers Bk
—
—
Sgsl Holdings LLC
—
Deed Of Trust
related
$150,000 · Samra Inv Ltd
—
—
Sgsl Holdings LLC
—
Loan Modification
related
$404,902 · Farmers Bk
—
—
Meadow Lands INC
—
Deed Of Trust
related
$1,250,000 · First Arkansas Bank & Trust
—
—
Sgsl Holdings LLC
—
Loan Modification
related
$200,000 · Farmers Bk
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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