New search
Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Office buildings
500 Pleasant Vly Dr, Little Rock, AR 72227-2138
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-0356751
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
6,185 SF
Lot
0.44 ac (19,166 SF)
APN
43L-077-01-012-00
UPID
US05-0356751
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
-
JCI Construction Inc Construction Company General Contractor
-
The Brad Hendricks Law Firm Law Firm
-
Nature's Elements Studio of Massage Therapy Alternative Medicine Practice Spa & Massage Center
-
RAP Ministries Church Mosque
-
Special Risk Management Inc Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$965k
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$780k
Owner & transaction history
Brad L Hendricks · 1 yrs held
Brad L Hendricks
since 2024
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+68.0%
Medical building
$1.0M
+48.1%
Retail stores
$945,000
+37.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$685,000
Current use
COMMERCIAL (GENERAL)
$1,150,000
Change: +68% · Conversion: Easy
MEDICAL BUILDING
$1,015,000
Change: +48% · Conversion: Easy
RETAIL STORES
$945,000
Change: +38% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$710,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$780k
Range $702k – $858k · ±10%
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
$126 / 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
$9,980
Tax year 2024
Assessed value
$157,800
Assessed 2024
Previous assessed
$157,800
+0.0% YoY
Effective rate
6.32%
On assessed value
Assessed land
$30,474
Assessed improvement
$127,326
Land market value
$152,370
Improvement market value
$636,630
Total market value
$789,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
NONE
Stories
2
Total area
6,185 SF
Lot
0.44 ac (19,166 SF)
APN
43L-077-01-012-00
UPID
US05-0356751
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
OFFICE BUILDING Current
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$710,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Heating
NONE
Cooling
Yes
Stories
2
Lot
0.44 ac
Current owner
From public records · entity-resolved
Brad L Hendricks
Individual
Free & Clear · 1 yrs held
Mailing address
18 INVERNESS CIR, LITTLE ROCK, AR 72212-2928
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2024
—
Brad L Hendricks
Brad Hendricks
Deed
related
—
Sep 20, 2022
—
Five Aces LLC
—
Deed
related
$404,000 · Arvest Bank
Apr 27, 2022
$799,000
Five Aces LLC
Old Blue Properties LLC
Warranty Deed
$400,000 · Simmons Bank
Jun 30, 2020
—
Old Blue Properties LLC
—
Deed
related
—
May 1, 2019
—
Old Blue Properties LLC
—
Deed
related
—
Mar 13, 2015
—
Hendricks,brad
Hendricks Brad
Quit Claim Deed
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 500 Pleasant Vly Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
