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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5918 Lee Ave Little Rock, AR 72205-3326

    • Office buildings
    • 4,040 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US05-2401734
    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.

    Current Use by Public Records

    • Ali Raja, MD, FAANS, FACS / Neurosurgeon
    • Neurosurgery Specialists of Arkansas / Neurosurgeon / Neurologist
    • Julie Moka / Social Worker
    • Precious Rousseau / Social Worker
    • Katherine Carpenter / Social Worker

    Property Details for 5918 Lee Ave

    Year built
    1971
    Lot size
    0.47 lot acres
    Property size
    4,040 SF
    Property type
    Office buildings
    APN
    33L-045-00-275-00
    APU
    33L0450027500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Little Rock
    County
    Pulaski
    State
    Arkansas
    Longitude
    -92.34
    Latitude
    34.7561
    CBSA code
    30780
    CBSA name
    LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,941
    $41,151
    $29,429
    $70,580
    -
    $205,755
    $147,145
    $352,900

    Comparable in this City

    • Value Estimation
      $3,435,000
      22,440 SF

      Martin St

      OFFICE BUILDING • 22,440 SF
      Martin St, Little Rock, AR 72205
      View Details
    • Value Estimation by Request
      1,405 SF

      212 Rodney Parham Rd

      OFFICE BUILDING • 1,405 SF
      212 Rodney Parham Rd, Little Rock, AR 72205-4710
      View Details
    • Value Estimation
      $1,270,000
      40,548 SF

      8500 Markham St

      OFFICE BUILDING • 40,548 SF
      8500 Markham St, Little Rock, AR 72205-2453
      View Details
    • Value Estimation by Request
      1,508 SF

      9911 Markham St

      OFFICE BUILDING • 1,508 SF
      9911 Markham St, Little Rock, AR 72205-2102
      View Details
    • Value Estimation
      $755,000
      5,000 SF

      10002 Markham St

      OFFICE BUILDING • 5,000 SF
      10002 Markham St, Little Rock, AR 72205-1414
      View Details
    • Value Estimation
      $765,000
      4,872 SF

      5312 Markham St

      OFFICE BUILDING • 4,872 SF
      5312 Markham St, Little Rock, AR 72205-3528
      View Details

    Similar Nearby for Sale

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      Freestanding Office Building Near UAMS

      Freestanding office building leased to UAMS, ideal investment opportunity.
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      Corporate Hill Office Building For Sale

      Two-story office building with classroom and conference interiors.
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      Midtown Office Building For Sale

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      Medical office building in Little Rock's medical corridor.
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    Similar Nearby for Lease

    • $1,400 /Mo
      28,905 SF

      Renovated Office Space Available

      Office space for lease with convenient highway access.
      10201 W Markham St, Little Rock, AR 72205
      View Details
    • $16 SF/Yr
      1,300 SF

      Move-in Ready Office Space

      Office space in Little Rock's retail corridor for rent.
      9801 W Markham St, Little Rock, AR 72205
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    • Contact for pricing
      1,925 SF

      Medical Office Suite For Rent

      Ground floor medical office suite near major medical facilities.
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      View Details
    • $17 SF/Yr
      2,772 SF

      First Floor Office Space Available

      First floor office space with private offices and breakroom.
      320 Executive Ct, Little Rock, AR 72205
      View Details
    • $16 SF/Yr
      25,476 SF

      Little Rock Office Building For Lease

      Prime Office Space, Flexible Layouts, Great Location
      10421 Markham St, Little Rock, AR 72205
      View Details
    • $14 SF/Yr
      18,158 SF

      Markham Street Office Suite Available

      Office suite for lease with convenient highway access and ample parking.
      10220 W Markham St, Little Rock, AR 72205
      View Details
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    5918 Lee Ave
    Little Rock, AR 72205-3326
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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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