Property profile

281 Newman Dr N Little Rock, AR 72117

OFF-MARKET
Office buildings
Property ID
US05-1145835
4,000 SF 2.74 ac lot Built 2008
Entity Owned 9-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Total area 4,000 SF
Lot 2.74 ac (119,354 SF)
APN 23S-057-00-036-14
UPID US05-1145835

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

281 Newman Dr N Little Rock, AR 72117-1953
N Little Rock metro Census 3800 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$550k
Comparable Approach Comparable
$440k
Blend (final) Blend
$260k

Owner & transaction history

since 2016
Last sale
$635,000
7 recorded transactions
2020
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $690,000 +128.4%
Retail stores $395,000 +31.0%
Commercial (general) $360,000 +18.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 281 Newman Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message