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    400 Murphy Dr Maumelle, AR 72113
    Property profile & analytics

    400 Murphy Dr, Maumelle, AR 72113

    View on Map
    • Distribution centers
    • 603,849 SF
    • 27.97 lot acres
    For Sale
    $21,920,000
    View Listing →
    Spacious Industrial Warehouse on Large Lot For Sale
    $21,920,000
    599,465 SF

    Spacious Industrial Warehouse on Large Lot

    Large 599,465 SF warehouse on 27.97 acres for sale.

    400 Murphy Dr, Maumelle, AR
    View Listing
    Property ID
    US05-0281178
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ace Hardware Corporate Warehouse / Warehouse & Storage

    Property Details for 400 Murphy Dr

    Year built
    1984
    Lot size
    27.97 lot acres
    Property type
    Distribution centers
    APN
    42M-009-00-010-00
    APU
    42M0090001000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 5, 2025 $23,500,000 Murphy Drive Industrial LLC Ace Hardware Corporation INC Special Warranty Deed $12.7M · Arvest Bank
    Apr 17, 2012 — Ace Hardware Corp — Deed Of Trust · related —
    May 19, 2008 — Ace Hardware Corp — Deed Of Trust · related $300M · Bank Of America
    — — Ace Hardware Corp — Deed Of Trust · related $225k · Bank Of America

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,479,000
      Market price range: $15.5M - $40.9M
      AI Estimate
      $20,847,000
      Market price range: $9.27M - $48.2M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $25,175,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maumelle
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3939
    Latitude
    34.8624
    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
    $249,635
    $170,572
    $3,798,185
    $3,968,757
    -
    $852,860
    $18,990,925
    $19,843,785

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    Similar Nearby for Sale

    • Contact for pricing
      599,465 SF

      Spacious Industrial Warehouse on Large Lot

      Large 599,465 SF warehouse on 27.97 acres for sale.
      400 Murphy Dr, Maumelle, AR 72113
      View Details
    • Contact for pricing

      Industrial Space Near I-40 Exit

      Industrial space with fenced yard, ample parking, and highway access.
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    • $1,900,000
      7,200 SF

      Maumelle Commercial Investment Opportunity

      1.2 acres with multiple buildings near high-traffic intersection.
      21505 Highway 365 N, Maumelle, AR 72113
      View Details
    • $6,000,000
      5.40 Acres

      Prime Maumelle Land Opportunity

      5.4 Acres, $6M, Development Potential
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      Maumelle Blvd Retail Frontage Site

      2.4 acre commercial land with retail frontage on Maumelle Blvd.
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      Land For Sale

      Land available for sale at Maumelle Blvd.
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    Similar Nearby for Lease

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      27,179 SF

      Warehouse with Climate-Controlled Space

      27,179 SF warehouse featuring climate-controlled space.
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    • Contact for pricing
      15,000 SF

      Office/Flex Space Available For Rent

      Office and flex space available with tenant improvement options.
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      56,000 SF

      North Little Rock Warehouse Space

      56,000 SF warehouse space available for lease.
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      North Little Rock Flex Space

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      Retail/Office Building Near High School

      New retail/office building with high traffic and visibility.
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      Retail and Office Space Available

      Retail and office spaces available for lease.
      9800 Maumelle Blvd, Maumelle, AR 72113
      View Details
    View Listing
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    Maumelle, AR 72113
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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