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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office buildings
6 Parkstone Cir, N Little Rock, AR 72116-7086
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US05-2348883
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
7,168 SF
Lot
1.04 ac (45,302 SF)
APN
23N-003-01-003-13
UPID
US05-2348883
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
by Request
CAP Approach
CAP
$985k
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$790k
Owner & transaction history
Dream Big LLC
Dream Big LLC
since 2025
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+100.1%
Retail stores
$710,000
+14.8%
Commercial (general)
$645,000
+4.1%
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 N Little Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs N 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,065,000
6.5%
$985,000
7%
$915,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$620,000
Current use
MEDICAL BUILDING
$1,235,000
Change: +100% · Conversion: Easy
RETAIL STORES
$710,000
Change: +15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$645,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$565,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $840k (Jun 25 2025)
Last sale anchor
$840k
Jun 25 2025
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
$110 / 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
$8,943
Tax year 2024
Assessed value
$133,880
Assessed 2024
Previous assessed
$133,880
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$60,252
Assessed improvement
$73,628
Land market value
$301,260
Improvement market value
$368,140
Total market value
$669,400
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
NONE
Stories
1
Total area
7,168 SF
Lot
1.04 ac (45,302 SF)
APN
23N-003-01-003-13
UPID
US05-2348883
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
OFFICE BUILDING Current
Est. value
$620,000
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$710,000
COMMERCIAL (GENERAL)
Est. value
$645,000
AUTO REPAIR, GARAGE
Est. value
$630,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$565,000
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
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
Year built
1988
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Dream Big LLC
Entity
Mailing address
5020 CALICO CRK CV, NORTH LITTLE ROCK, AR 72116-7636
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2025
$840,000
Dream Big LLC
Two Rays Holdings LLC
Warranty Deed
$1,194,000 · Arvest Bank
Oct 12, 2020
—
Two Rays Holdings LLC
—
Deed
related
$334,457 · Iberiabank
Aug 4, 2015
$677,225
Two-rays Holdings LLC
Harrod,jerry R & Karen L
Warranty Deed
$575,641 · Iberiabank
Apr 16, 2008
$356,000
Jerry R Harrod
S & D Realty Corp
Warranty Deed
$410,000 · Twin City Bank
—
—
Jerry R Harrod
—
Loan Modification
related
—
—
—
Harrod,jerry R & Karen L
—
Loan Modification
related
—
—
—
Jerry R Harrod
—
Loan Modification
related
—
—
—
Two Rays Holdings LLC
—
Loan Modification
related
$334,457 · Iberiabank
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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