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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Office buildings
500 Pleasant Vly Dr, Little Rock, AR 72227-2138
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US05-2393251
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
6,132 SF
Lot
0.66 ac (28,750 SF)
APN
43L-077-01-013-00
UPID
US05-2393251
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
$815k
CAP Approach
CAP
$960k
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$805k
Owner & transaction history
Five Aces LLC · 4 yrs held
Five Aces LLC
since 2022
Last sale
$799,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+68.0%
Medical building
$1.0M
+48.1%
Retail stores
$935,000
+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
$810,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
$1,040,000
6.5%
$960,000
7%
$890,000
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
Blend value · Realmo final
$805k
Range $725k – $886k · ±10% · vs last sale $799k (Apr 27 2022)
Last sale anchor
$799k
Apr 27 2022
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
$131 / 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
$10,952
Tax year 2024
Assessed value
$156,460
Assessed 2024
Previous assessed
$156,460
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$45,711
Assessed improvement
$110,749
Land market value
$228,555
Improvement market value
$553,745
Total market value
$782,300
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
1
Total area
6,132 SF
Lot
0.66 ac (28,750 SF)
APN
43L-077-01-013-00
UPID
US05-2393251
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
$680,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$700,000
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
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Five Aces LLC
Entity
Mailing address
5423 W 65TH ST, LITTLE ROCK, AR 72209-3821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$799,000
Five Aces LLC
Old Blue Properties LLC
Warranty Deed
$400,000 · Simmons Bank
Apr 14, 2016
$710,000
Old Blue Properties LLC
One Bank & Trust NA
Special Warranty Deed
$710,000 · First State Bank
Oct 8, 2015
—
One Bk & Trust
Marabelle Properties LLC
Grant Deed
related
—
Aug 30, 2007
$925,000
Marabelle Properties LLC
Mckay & Co LLC
Warranty Deed
$925,000 · One Bank & Trust
Jun 2, 2005
—
Mckay & Co
—
Trustees Deed
related
$240,000 · Arvest Bank
—
—
Marabelle Properties LLC
—
Loan Modification
related
$885,079 · One Bank & Trust
—
—
Marabelle Properties LLC
—
Deed Of Trust
related
$888,590 · One Bank & Trust
—
—
Marabelle Properties LLC
—
Loan Modification
related
$875,789 · One Bank & Trust
—
—
Old Blue Properties LLC
—
Loan Modification
related
—
—
—
Marabelle Properties LLC
—
Deed Of Trust
related
$883,410 · One Bank & Trust
—
—
Marabelle Properties LLC
—
Deed Of Trust
related
$888,590 · One Bank & Trust
—
—
Marabelle Properties LLC
—
Deed Of Trust
related
$923,143 · One Bank & Trust
—
—
Old Blue Properties LLC
—
Loan Modification
related
—
—
—
Marabelle Properties LLC
—
Deed Of Trust
related
$889,840 · One Bank & Trust
—
—
Marabelle Properties LLC
—
Deed Of Trust
related
$888,590 · One Bank & Trust
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.
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