Property profile

501 Millwood Cir Maumelle, AR 72113

OFF-MARKET
Office buildings
Property ID
US05-2327266
5,084 SF 2.34 ac lot Built 1987
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

501 Millwood Cir Maumelle, AR 72113-6327
Maumelle metro Census 4306 LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.20M

Owner & transaction history

since 2025
Last sale
$1.3M
7 recorded transactions
2025
$1.5M
2024
Price N/A
2023
$1.3M
2023
Price N/A
2022
$899,000
2018
Price N/A
2018
$825,000

Zoning & alternative use

Top alternative use upside
Medical building $875,000 +100.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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