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    5404 B St Little Rock, AR 72205
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    5404 B St Little Rock, AR 72205

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    • Commercial real estate
    • 1,620 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US05-2360915
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5404 B St

    Lot size
    0.14 lot acres
    Property size
    1,620 SF
    Property type
    Commercial real estate

    Description

    This exceptional multifamily investment opportunity encompasses twelve units distributed across four separate properties located in Little Rock, Arkansas. The properties, situated at 5404 & 5406 B Street, 5522 & 5524 B Street, 5610 & 5612 B Street, and 5622 B Street, all share the 72205 zip code within Pulaski County. Built between 1963 and 1972, the combined square footage ranges from 1,620 to 3,600 square feet, situated on lots totaling between 0.14 and 0.24 acres. This portfolio presents a compelling investment prospect due to its prime location in Little Rock's Midtown District, offering convenient access to major thoroughfares. The complex benefits from its proximity to West Markham Street (less than 0.1 miles), placing it within minutes of Little Rock's medical corridor. Residents enjoy easy access to a variety of retail options, including Park Plaza Mall and national retailers such as Ulta, The Container Store, McDonald's, Chipotle, and Dillard's. Furthermore, Interstate 630 is approximately one mile away, and downtown Little Rock is a short 4.8-mile drive. The asking price for this entire portfolio is $1,150,000. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving Arkansas market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.3338432
    Latitude
    34.7540827

    Comparable in this City

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    Similar Nearby for Sale

    • New
      $1,395,000
      13,468 SF

      Updated 16-Unit Apartment Complex

      Well-maintained Little Rock apartment complex with modern updates and strong occupancy.
      515 Brookside Dr, Little Rock, AR 72205
      View Details
    • $595,000
      8,192 SF

      Little Rock Multifamily Investment Opportunity

      Multifamily investment in Little Rock's medical corridor with planned improvements.
      1800 Labette Manor Dr, Little Rock, AR 72205
      View Details
    • $210,000
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      Little Rock Multifamily Investment Opportunity

      Five-unit apartment building in Capitol View neighborhood, Little Rock.
      100 Dennison St, Little Rock, AR 72205
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    • $599,000
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      Renovated Apartment Complex, Little Rock

      Fully renovated 8-unit apartment complex with recent infrastructure upgrades.
      9 Meredith Ct, Little Rock, AR 72205
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    • $799,000
      8,582 SF

      Renovated Little Rock Apartment Building

      Fantastic 8-unit apartment building in a convenient, high-demand area.
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      View Details
    • $1,900,000
      16,143 SF

      27-Unit Multifamily Investment Opportunity

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      View Details

    Similar Nearby for Lease

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      Medical Office Building For Rent

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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.

    More about this property
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