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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Hotels
306 Markham Ctr Dr, Little Rock, AR 72205-1570
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-0357182
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
44,493 SF
Lot
1.79 ac (77,972 SF)
APN
44L-046-01-006-00
UPID
US05-0357182
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
Current use
Occupant on record · Public records
-
SpringHill Suites Little Rock West Hotel & Motel
-
306 Markham Center Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.52M
Blend (final)
Blend
$4.81M
Owner & transaction history
Ch Unit 1 LLC · 4 yrs held
Ch Unit 1 LLC
since 2021
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.3M
+117.1%
Retail stores
$6.8M
+101.8%
Neighborhood: shopping center
$5.8M
+72.6%
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
$4,990,000
ML approach
$4,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,365,000
Current use
MEDICAL BUILDING
$7,310,000
Change: +117% · Conversion: Difficult
RETAIL STORES
$6,795,000
Change: +102% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,810,000
Change: +73% · Conversion: Difficult
OFFICE BUILDING
$5,480,000
Change: +63% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,095,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±10% · vs last sale $4.70M (Oct 7 2021)
Last sale anchor
$4.70M
Oct 7 2021
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
$108 / 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
$47,096
Tax year 2024
Assessed value
$672,800
Assessed 2024
Previous assessed
$822,860
-18.2% YoY
Effective rate
7.00%
On assessed value
Assessed land
$155,944
Assessed improvement
$516,856
Land market value
$779,720
Improvement market value
$2,584,280
Total market value
$3,364,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
NONE
Stories
3
Units
78
Total area
44,493 SF
Lot
1.79 ac (77,972 SF)
APN
44L-046-01-006-00
UPID
US05-0357182
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
HOTEL/MOTEL Current
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$7.3M
RETAIL STORES
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.1M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2000
Heating
NONE
Cooling
Yes
Stories
3
Units
78
Lot
1.79 ac
Current owner
From public records · entity-resolved
Ch Unit 1 LLC
Entity
Mailing address
1 CHENAL VLG CIR, LITTLE ROCK, AR 72223-3003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2021
$4,700,000
Ch Unit 1 LLC
Knb Hospitality LLC
Special Warranty Deed
$5,200,000 · First Security Bank
Jan 30, 2018
—
Knb Hospitality LLC
—
Grant Deed
related
$5,120,000 · Farmers & Merchants Nat'l Bk
Nov 7, 2013
—
Knb Hospitality LLC
—
Trustees Deed
related
$4,400,000 · Centennial Bank
Nov 1, 2013
$4,500,000
Knb Hospitality LLC
Summit Hospitality I LLC
Grant Deed
—
Jan 5, 2005
—
Summit Hospitality I LLC
Summit Hotel Properties LLC
Corporation Deed
$88,000,000 · Lehman Brothers Bank Fsb
—
—
Summit Hospitality I LLC
—
Deed Of Trust
related
—
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.
Try Rey
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