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    Property profile & analytics
    OFF-MARKET Estimated value $1,245,000
    Office buildings

    501 Millwood Cir, Maumelle, AR 72113-6327

    5,084 SF 2.34 ac lot Built 1987
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US05-2327266
    Property summary
    AI-generated overview

    This single-story brick office building, totaling 10,168 square feet, is situated on a 2.34-acre lot in Maumelle's desirable Outlying Pulaski County submarket. Currently, 1,600 square feet of space is available for lease, making it an excellent opportunity for expansion or a new business venture. The building, constructed in 1987, features 75 parking spaces, providing ample room for employees, clients, and deliveries. Its location offers easy access to Maumelle Boulevard and Interstate 40, ensuring convenient commutes. The property boasts a quiet, green neighborhood setting, ideal for professional office uses, and is within a mile of various amenities including restaurants, grocery stores, and shopping destinations. A key advantage is its proximity to the scenic Lake Willastein Park, offering employees and visitors a nearby recreational area. The building is zoned commercial and has a single story design. The property is well-suited for a variety of office tenants, including medical and traditional office users. The existing tenant, AR Care, demonstrates the building's suitability for medical practices. The property's address is on Millwood Circle, with a cross street of Audubon Drive, and its APN is 42M-026-00-007-03.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1987
    Total area 5,084 SF
    Lot 2.34 ac (101,930 SF)
    APN 42M-026-00-007-03
    UPID US05-2327266
    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
    • Erik Christopher Friedly Physician
    • Andrew Freeman Oliver Physician
    • ARcare Physician
    • HOLLY ROGERS GAINES Physician
    • ARcare Maumelle Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.24M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.25M
    Owner & transaction history
    501 Millwood Circle LLC · 1 yrs held
    501 Millwood Circle LLC
    since 2025
    Last sale
    $1.3M
    7 recorded transactions
    2025
    $1.5M
    2024
    2023
    $1.3M
    2023
    2022
    $899,000
    2018
    2018
    $825,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $875,000 +100.1%
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