Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    423 Units Little Rock, AR 72201

    • Strip malls
    • 14,527 SF
    For Sale
    View listing
    $943,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-0226218
    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

    • River Market Lofts / Retail Space Rental Agency / Furnished Apartment Building
    • Tuf Nut Lofts / Historical Landmark / Apartment Building
    • Tuf-Nuts LLC / Laundry
    • Richard Sheppard Arnold United States Post Office and Courthouse / Courthouse
    • John David Pittman - Photographer / Photographer

    Property Details for 423 Units

    Year built
    1930
    Property size
    14,527 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    34L-019-04-100-00
    APU
    34L0190410000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $378,000
      Market price range: $378k - $829k

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.2663
    Latitude
    34.7452
    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
    $11,168
    $0.00
    $159,547
    $159,547
    -
    $0.00
    $797,735
    $797,735

    Comparable in this City

    • Value Estimation
      $245,000
      1,090 SF

      415 President Clinton Ave

      SHOPPING CENTER, STRIP CENTER • 1,090 SF
      415 President Clinton Ave, Little Rock, AR 72201-1621
      View Details
    • Value Estimation
      $310,000
      805 SF

      419 President Clinton Ave

      SHOPPING CENTER, STRIP CENTER • 805 SF
      419 President Clinton Ave, Little Rock, AR 72201-1621
      View Details
    • Value Estimation
      $680,000
      53,171 SF

      100 Riv Market Ave

      SHOPPING CENTER, STRIP CENTER • 53,171 SF
      100 Riv Market Ave, Little Rock, AR 72201-1773
      View Details
    • Value Estimation
      $250,000
      908 SF

      417 President Clinton Ave

      SHOPPING CENTER, STRIP CENTER • 908 SF
      417 President Clinton Ave, Little Rock, AR 72201-1621
      View Details
    • Value Estimation
      $310,000
      714 SF

      116 Riv Market Ave

      SHOPPING CENTER, STRIP CENTER • 714 SF
      116 Riv Market Ave, Little Rock, AR 72201-1726
      View Details
    • Value Estimation
      $310,000
      828 SF

      112 Riv Market Ave

      SHOPPING CENTER, STRIP CENTER • 828 SF
      112 Riv Market Ave, Little Rock, AR 72201-1726
      View Details

    Similar Nearby for Sale

    • $350,000
      2,880 SF

      Commercial Space in SoMa District

      2,880 SF commercial space suitable for retail, office, or industrial.
      415 W 12Th St, Little Rock, AR 72201
      View Details
    • $750,000
      13,790 SF

      Retail/Office Building with Parking Lot

      Retail and office building with parking lot in Little Rock.
      618 S Center St, Little Rock, AR 72201
      View Details
    • Contact for pricing
      9,175 SF

      Versatile Industrial Buildings on Broadway

      1.14-acre parcel with two industrial buildings in North Little Rock.
      815 E Broadway St, N Little Rock, AR 72201
      View Details
    • $999,500
      10,202 SF

      Historic Solomon Gans House For Sale

      Historic building with office space, carriage house, and parking.
      1010 W 3Rd St, Little Rock, AR 72201
      View Details
    • $250,000

      Vacant Land in Downtown

      Vacant land in downtown Little Rock with commercial potential.
      S State St, Little Rock, AR 72201
      View Details
    • $1,555,000
      20,902 SF

      Little Rock Mixed-Use Property

      Prime location, high-traffic area, excellent investment.
      920 Spring St, Little Rock, AR 72201
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      240,000 SF

      Museum Center Office Space

      Downtown Little Rock, AR Office Building
      500 President Clinton Ave, Little Rock, AR 72201
      View Details
    • $12 SF/Yr
      4,000 SF

      Freestanding Commercial Building For Lease

      4,000 SF commercial building in ideal downtown location.
      412 W 7Th St, Little Rock, AR 72201
      View Details
    • $8 SF/Yr
      3,342 SF

      Downtown Little Rock Versatile Space

      Prime location suitable for office, retail, restaurant, or bar.
      414-416 Louisiana St, Little Rock, AR 72201
      View Details
    • $2,200 /Mo
      1,000 SF

      Downtown Little Rock Historic Loft

      Historic loft space in a prime downtown Little Rock location.
      300 River Market Ave, Little Rock, AR 72201
      View Details
    • Contact for pricing
      530,181 SF

      Capitol Ave Office Tower

      Little Rock's Premier Class A Office Space
      400 Capitol Ave, Little Rock, AR 72201
      View Details
    • Contact for pricing
      740,000 SF

      Simmons Tower Office Suites

      Iconic Little Rock Office Space Available
      425 Capitol Ave, Little Rock, AR 72201
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    423 Units
    Little Rock, AR 72201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.