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    Property profile & analytics

    3121 Bankhead Dr Little Rock, AR 72206-3796

    • Hotels
    • 78,396 SF
    • 5.44 lot acres
    OFF-MARKET
    Value Estimation
    $6,055,000
    Last Sale
    Sep 26, 2024
    $6,950,000
    Location Intelligence
    Property ID
    US05-0271233
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • My Gateway Parking / Parking Garage
    • Holiday Inn Express Little Rock-Airport, an IHG Hotel / Hotel / Conference Center

    Property Details for 3121 Bankhead Dr

    Year built
    1987
    Lot size
    5.44 lot acres
    Property size
    78,396 SF
    Property type
    Hotels
    APN
    24L-018-00-006-00
    APU
    24L0180000600

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,000,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,285,000
      6.5%
      $6,420,000
      7%
      $5,575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,315,000
      Geo Method
      $6,985,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,665,000
      Retail
      $6,615,000
      Mixed-Use
      $6,140,000
      Hospitality
      $5,690,000
      Educational
      $5,990,000
      Residential Income
      $5,275,000
      Energy
      $6,080,000
      Income-Based Land
      $6,065,000
      Food Service
      $4,885,000

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2223
    Latitude
    34.7155
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $62,202
    $99,893
    $788,707
    $888,600
    -
    $499,465
    $3,943,535
    $4,443,000

    Comparable in this City

    • Value Estimation
      $6,080,000
      143,898 SF

      3201 Bankhead Dr

      HOTEL • 143,898 SF
      3201 Bankhead Dr, Little Rock, AR 72206-3731
      View Details
    • Value Estimation
      $1,460,000
      55,626 SF

      4301 Roosevelt Rd

      HOTEL • 55,626 SF
      4301 Roosevelt Rd, Little Rock, AR 72206-6717
      View Details
    • Value Estimation
      $905,000
      59,117 SF

      4201 Roosevelt Rd

      HOTEL • 59,117 SF
      4201 Roosevelt Rd, Little Rock, AR 72206-6710
      View Details
    • Value Estimation
      $600,000
      14,500 SF

      7615 Fluid Dr

      MOTEL • 14,500 SF
      7615 Fluid Dr, Little Rock, AR 72206-2774
      View Details
    • Value Estimation
      $3,185,000
      41,166 SF

      3200 Bankhead Dr

      MOTEL • 41,166 SF
      3200 Bankhead Dr, Little Rock, AR 72206-3732
      View Details
    • Value Estimation by Request
      7,128 SF

      2120 Louisiana St

      BED & BREAKFAST • 7,128 SF
      2120 Louisiana St, Little Rock, AR 72206-1522
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.16 Acres

      Hwy 365 Commercial Land Tract

      3.16 Acres, High-Traffic Location
      21600 Ar-365, Little Rock, AR 72206
      View Details
    • Contact for pricing
      0.16 Acres

      Residential Lot in Opportunity Zone

      Corner lot suitable for new home construction in Little Rock.
      2224 S Ringo St, Little Rock, AR 72206
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    • $107,500
      38.00 Acres

      38 Acres Near Downtown

      38 acres of recreation land or housing development opportunity.
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    • $122,100

      6.66 Acres Commercial Land

      6.66 acres of commercial land with development potential.
      12221 Arch St, Little Rock, AR 72206
      View Details
    • $1,160,000
      9,050 SF

      Retail Building with Development Potential

      Occupied retail building with excess land for future development.
      E 19Th St, Little Rock, AR 72206
      View Details
    • $69,900
      6.86 Acres

      6.86 Acres Ready for Development

      Unrestricted 6.86-acre property with well and septic system near Little Rock.
      510 Binghamwood Rd, Little Rock, AR 72206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      200,000 SF

      50 Acre Industrial Land Available

      Unimproved industrial land with direct I-440 visibility for lease.
      8000 Frazier Pike, Little Rock, AR 72206
      View Details
    • $5 SF/Yr
      131,044 SF

      Little Rock Warehouse - 131,044 SF

      Massive warehouse space available for lease. Ideal for large-scale operations.
      6401 Lindsey Rd, Little Rock, AR 72206
      View Details
    • $10 SF/Yr
      9,180 SF

      Little Rock Office/Warehouse Space

      9,180 SF Single-Tenant Building in Little Rock
      801 Roosevelt Rd, Little Rock, AR 72206
      View Details
    • $4 SF/Yr
      37,314 SF

      Industrial Warehouse Space Available

      37,314 SF warehouse space for lease in Little Rock.
      2000 E Roosevelt Rd, Little Rock, AR 72206
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Warehouse Space Available

      20,000 SF warehouse space for rent in Little Rock.
      8423 Frazier Pike, Little Rock, AR 72206
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Rent

      Retail space available for rent in Little Rock, Arkansas.
      24005 Arch St, Little Rock, AR 72206
      View Details
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    Little Rock, AR 72206-3796
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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