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Property profile & analytics
OFF-MARKET
Estimated value
$6,110,000
Hotels
3121 Bankhead Dr, Little Rock, AR 72206-3796
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US05-0271233
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1987
Total area
78,396 SF
Lot
5.44 ac (236,966 SF)
APN
24L-018-00-006-00
UPID
US05-0271233
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
-
My Gateway Parking Parking Lot & Garage
-
Holiday Inn Express Little Rock-Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.64M
Blend (final)
Blend
$6.11M
Owner & transaction history
Maulik Hotel LLC · 1 yrs held
Maulik Hotel LLC
since 2024
Last sale
$7.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.0M
+51.3%
Office building
$6.2M
+4.5%
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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,930,000
Current use
AUTO REPAIR, GARAGE
$8,980,000
Change: +51% · Conversion: Difficult
OFFICE BUILDING
$6,200,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$6.11M
Range $5.50M – $6.72M · ±10% · vs last sale $6.95M (Sep 26 2024)
Last sale anchor
$6.95M
Sep 26 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
$78 / 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
$62,202
Tax year 2024
Assessed value
$888,600
Assessed 2024
Previous assessed
$888,600
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$99,893
Assessed improvement
$788,707
Land market value
$499,465
Improvement market value
$3,943,535
Total market value
$4,443,000
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
1987
Heating
NONE
Cooling
NONE
Stories
2
Units
138
Total area
78,396 SF
Lot
5.44 ac (236,966 SF)
APN
24L-018-00-006-00
UPID
US05-0271233
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
$5.9M
AUTO REPAIR, GARAGE
Est. value
$9.0M
OFFICE BUILDING
Est. value
$6.2M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
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
1987
Heating
NONE
Cooling
Yes
Stories
2
Units
138
Lot
5.44 ac
Current owner
From public records · entity-resolved
Maulik Hotel LLC
Entity
Mailing address
PO BOX 56260, LITTLE ROCK, AR 72215-6260
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2024
$6,950,000
Maulik Hotel LLC
Lit Hotels LLC
Warranty Deed
$5,212,500 · Southern Bank
Jul 9, 2024
$421,897
Lit Hotels LLC
Commissioner Of State Lands
Redemption Deed
related
—
Dec 8, 2020
—
Lit Hotels LLC
—
Deed
related
$250,727 · Farmers & Merchants Nat'l Bk
Nov 23, 2020
—
Lit Hotels LLC
—
Deed
related
$1,200,000 · Farmers & Merchants Nat'l Bk
Nov 18, 2019
—
Lit Hotels LLC
—
Deed Of Trust
related
$1,200,000 · Farmers & Merchants Nat'l Bk
Sep 24, 2018
—
Lit Hotels LLC
—
Loan Modification
related
$5,089,429 · Farmers & Merchants Nat'l Bk
Mar 7, 2018
—
Lit Hotels LLC
—
Deed
related
$4,968,117 · Farmers & Merchants St Bk
Feb 12, 2015
$6,000,000
Lit Hotels LLC
Airport Hotels LLC
Grant Deed
$6,220,000 · Farmers & Merchants Nat'l Bk
Sep 8, 2014
$4,200,000
Airport Hotels LLC
H & C Little Rock Holiday Inn
Grant Deed
$6,275,000 · Centennial Bk
Jan 27, 2010
—
H & C Little Rock Holiday Inn
Hobbs & Curry Family LP Lllp
Grant Deed
—
—
—
Hobbs & Curry Family LP Lllp
—
Deed Of Trust
related
$15,905,165 · Dwight Curry
—
—
Lit Hotels LLC
—
Loan Modification
related
$4,968,117 · Farmers & Merchants St Bk
—
—
Lit Hotels LLC
—
Loan Modification
related
$1,200,000 · Farmers & Merchants Nat'l Bk
—
—
Lit Hotels LLC
—
Deed Of Trust
related
$250,727 · Farmers & Merchants Nat'l 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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