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    500 Pleasant Vly Dr Little Rock, AR 72227-2138
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    Property profile & analytics

    500 Pleasant Vly Dr Little Rock, AR 72227-2138

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    • Office buildings
    • 6,132 SF
    • 0.66 lot acres
    Off-Market
    Last Sale Apr 27, 2022
    $799,000
    Property ID
    US05-2393251
    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
    $805,000
    Show details
    Cap Rate Potential
    7.7%
    Office buildings
    Location Intelligence

    Current Use by 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

    Property Details for 500 Pleasant Vly Dr

    Year built
    2002
    Lot size
    0.66 lot acres
    Property size
    6,132 SF
    Property type
    Office buildings
    APN
    43L-077-01-013-00
    APU
    43L0770101300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $810,000
      ML approach
      $815,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,040,000
      6.5%
      $960,000
      7%
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $796,000
      Market price range: $337k - $1.08M
      AI Estimate
      $563,000
      Market price range: $170k - $715k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $680,000
      Current use
      COMMERCIAL (GENERAL)
      $1,140,000
      Change: +68% Conversion: Easy
      MEDICAL BUILDING
      $1,005,000
      Change: +48% Conversion: Easy
      RETAIL STORES
      $935,000
      Change: +38% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $800,000
      Change: +18% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $700,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3902
    Latitude
    34.7821
    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
    $10,952
    $45,711
    $110,749
    $156,460
    -
    $228,555
    $553,745
    $782,300

    Comparable in this City

    • Value Estimation by Request
      3,557 SF

      711 Towne Oaks Dr

      OFFICE BUILDING • 3,557 SF
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    • Value Estimation by Request
      1,804 SF

      8024 Cantrell Rd

      OFFICE BUILDING • 1,804 SF
      8024 Cantrell Rd, Little Rock, AR 72227-2419
      View Details
    • Value Estimation
      $4,445,000
      149,479 SF

      1400 Old Frg Dr

      OFFICE BUILDING • 149,479 SF
      1400 Old Frg Dr, Little Rock, AR 72227-5546
      View Details
    • Value Estimation
      $1,255,000
      5,398 SF

      8028 Cantrell Rd

      OFFICE BUILDING • 5,398 SF
      8028 Cantrell Rd, Little Rock, AR 72227-2419
      View Details
    • Value Estimation by Request
      4,896 SF

      808 Reservoir Rd

      OFFICE BUILDING • 4,896 SF
      808 Reservoir Rd, Little Rock, AR 72227-5707
      View Details
    • Value Estimation
      $1,370,000
      3,090 SF

      2000 Reservoir Rd

      OFFICE BUILDING • 3,090 SF
      2000 Reservoir Rd, Little Rock, AR 72227-4904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,125 SF

      Office Building For Sale

      Office building with 5,125 square feet available for sale.
      2121 Watt St, Little Rock, AR 72227
      View Details
    • $67,000

      Land Available for Purchase

      Land available for purchase in Little Rock, Arkansas.
      10307 Cantrell Rd, Little Rock, AR 72227
      View Details
    • $5,000,000

      Land on Foxcroft Road

      Land available on Foxcroft Road in Littlerock, Arkansas.
      3811 Foxcroft Rd, Little Rock, AR 72227
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    • Contact for pricing
      26,974 SF

      Multifamily Investment Opportunity

      30 units in five buildings near Cantrell Road.
      7700 Indian Trl, Little Rock, AR 72227
      View Details
    • $4,750,000
      31.55 Acres

      Littlerock Land with Residential Potential

      31.55 acres in Littlerock, Arkansas, with development opportunities.
      3811 Foxcroft Rd, Little Rock, AR 72227
      View Details
    • $199,000
      0.37 Acres

      Residential Lot in Established Neighborhood

      0.37-acre lot in sought-after Little Rock residential pocket.
      000 Kingston Dr, Little Rock, AR 72227
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space For Rent

      Retail and office spaces available for lease.
      10301 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing
      3,573 SF

      Office Space with Easy Access

      Office space with traffic light access and nearby amenities.
      8201 Cantrell Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Industrial Space in West Little Rock

      Industrial space available for lease in West Little Rock.
      10014 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $1,010 /Mo

      West Little Rock Retail/Office Space

      Retail and office suites available in West Little Rock location.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office suites available for rent on the second level.
      10020 N Rodney Parham Rd, Little Rock, AR 72227
      View Details
    • $19 SF/Yr

      Medical Suite in West Little Rock

      West Little Rock medical suite for lease with OR-ready rooms.
      8315 Cantrell Rd, Little Rock, AR 72227
      View Details
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    Little Rock, AR 72227-2138
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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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