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Property profile & analytics
OFF-MARKET
Estimated value
$13,300,000
Office buildings
509 Enterprise Dr, Lowell, AR 72745-8975
Entity Owned
4-yr Hold
Free & Clear
Property ID
US05-2419360
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Total area
49,059 SF
Lot
2.42 ac (105,415 SF)
APN
12-02019-000
UPID
US05-2419360
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.57M
CAP Approach
CAP
$12.50M
Comparable Approach
Comparable
$10.96M
Blend (final)
Blend
$13.30M
Owner & transaction history
J B Hunt Transport INC · 4 yrs held
J B Hunt Transport INC
since 2022
Last sale
$18.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$17.3M
+121.0%
Apartment house (5+ units)
$16.4M
+109.6%
Medical building
$13.4M
+71.6%
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 Lowell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lowell 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
$9,565,000
CAP Approach
CAP Return
Estimation
6%
$13,535,000
6.5%
$12,495,000
7%
$11,600,000
Alternative Use
Use
Estimation
RESTAURANT
$17,275,000
Change: +121% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$16,390,000
Change: +110% · Conversion: Easy
MEDICAL BUILDING
$13,415,000
Change: +72% · Conversion: Easy
COMMERCIAL (GENERAL)
$10,030,000
Change: +28% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,840,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,800,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$13.30M
Range $11.97M – $14.63M · ±10% · vs last sale $18.00M (Jun 28 2022)
Last sale anchor
$18.00M
Jun 28 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
$271 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$64,997
Tax year 2023
Assessed value
$1,221,740
Assessed 2023
Previous assessed
$1,221,740
+0.0% YoY
Effective rate
5.32%
On assessed value
Assessed land
$140,140
Assessed improvement
$1,081,600
Land market value
$700,700
Improvement market value
$5,408,000
Total market value
$6,108,700
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
Heating
NONE
Cooling
NONE
Stories
3
Total area
49,059 SF
Lot
2.42 ac (105,415 SF)
APN
12-02019-000
UPID
US05-2419360
Jurisdiction
BENTON
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
RESTAURANT
Est. value
$17.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$16.4M
MEDICAL BUILDING
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$10.0M
AUTO REPAIR, GARAGE
Est. value
$9.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.8M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Cooling
Yes
Stories
3
Lot
2.42 ac
Current owner
From public records · entity-resolved
J B Hunt Transport INC
Entity
Free & Clear · 4 yrs held
Mailing address
705 N BLOOMINGTON ST, LOWELL, AR 72745-9673
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$18,000,000
J B Hunt Transport INC
Patricia D Hodges
Special Warranty Deed
—
Jun 23, 2020
$12,950,000
Nwa Business Center LLC
Lowell Pk Plz Office Ptrs LLC
Grant Deed
$9,065,000 · First Nat'l Bk
Aug 6, 2004
$13,540,666
Lowell Office Partners I LLC
Thf Of Bav Lowell Dev LLC
Warranty Deed
related
—
—
—
Lowell Park Plaza Office Ptrs
—
Deed Of Trust
related
$10,600 · Simmons First Nat'l Bk
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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