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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Warehouses
5505 65th St Little Rock, AR 72209-3823
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US05-2344769
Property summary
AI-generated overview
This exceptional 33,600-square-foot industrial warehouse, located at 5505 W 65th St in Little Rock, Arkansas, presents a significant opportunity. The single-tenant property sits on a 2.73-acre lot and is classified as Class C. Built in 1980, this one-story building boasts impressive features including ceiling heights ranging from 24 feet to 33 feet 4 inches, providing ample vertical space for storage and operations. The property includes two dock-high doors and three drive-in doors, ensuring efficient loading and unloading. Power is supplied via a 3-phase system. The building offers a versatile layout, comprising approximately 6,500 square feet of office space and 27,100 square feet of warehouse space. Currently vacant, the property is undergoing significant upgrades, scheduled for completion in Summer 2024. This turnkey solution is perfectly suited for businesses seeking a functional and well-located distribution center in Pulaski County, Arkansas. The property's zip code is 72209. The space is ready for immediate occupancy upon completion of the planned improvements.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
33,600 SF
Lot
2.73 ac (118,919 SF)
APN
34L-381-00-001-00
UPID
US05-2344769
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
-
Sixtyfifth Street Shopping Center Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.40M
Owner & transaction history
403 S Poplar St LLC · 2 yrs held
403 S Poplar St LLC
since 2024
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+112.6%
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 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
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,070,000
Current use
OFFICE BUILDING
$2,275,000
Change: +113% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Feb 5 2024)
Last sale anchor
$1.40M
Feb 5 2024
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
$42 / 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
$16,043
Tax year 2024
Assessed value
$229,180
Assessed 2024
Previous assessed
$229,180
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$47,567
Assessed improvement
$181,613
Land market value
$237,835
Improvement market value
$908,065
Total market value
$1,145,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1980
Heating
NONE
Cooling
NONE
Stories
1
Total area
33,600 SF
Lot
2.73 ac (118,919 SF)
APN
34L-381-00-001-00
UPID
US05-2344769
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Lot
2.73 ac
Current owner
From public records · entity-resolved
403 S Poplar St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
6808 EVERGREEN DR, LITTLE ROCK, AR 72207-6324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Feb 5, 2024
$1,400,000
403 S Poplar St LLC
Elliott Partners Ltd
Warranty Deed
—
Jun 8, 2023
—
Elliott Partners Ltd
Elliott Real Estate LP
Intrafamily Transfer
related
—
Jul 31, 2008
$875,000
Elliott Real Estate
Vitro America INC
Warranty Deed
—
Feb 13, 2007
—
Vitro America INC
Binswanger Glass
Grant Deed
related
—
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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